Daily Archives: May 4, 2021 (30 Articles Found)

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DBS expects near-term weaknesses for Reits with tightening of Covid-19 measures

With the recent spike in Covid-19 cases, the tighter measures may result in near-term weaknesses for “reopening trade” office and retail Reits, DBS Group Research said on Mon report. However, the analysts noted that stocks are not expected…

COVID-19: Second Circuit Breaker not ruled out amid ‘Phase 2’ steps – MTF

The authorities are not ruling out the possibility of a second Circuit Breaker, even as they announced tighter restrictions on Tues to curb the spread of COVID-19 amid a rise in the number of community cases. Asked by…

Travellers with recent visit to all but 7 countries and regions to serve 21-day SHN

All travellers with recent travel history to higher risk countries and regions, and who are arriving in Singapore from 7 May, 11.59pm, will be required to serve 21-day Stay-Home Notice (SHN), the multi-ministerial taskforce on COVID-19 said on…

COVID-19: Social gatherings in Singapore cut to 5 persons, workplace attendance at 50% from 8-30 May

Social gatherings will be capped at five persons per group, down from eight persons allowed currently, while workplace capacity will be cut from the current 75 per cent to 50 per cent, as part of additional measures to…

Mandatory TraceTogether check-ins at venues brought forward to 17 May

The mandatory use of TraceTogether-only Safe Entry (TT-only SE) will be brought forward to 17 May across all venues that experience a higher throughput of visitors or where persons are likely to be in close proximity for prolonged…

MOE schools to tighten safe management measures amid rise in COVID-19 cases

The remaining National School Games competitions and external activities such as external CCAs will be suspended as MOE enhances current safe mgmt measures amid a rise in COVID-19 cases. Singapore on Tues announced tightened community measures, which are…

Ascendas REIT to acquire remaining 75% stake in Galaxis for $534.4 mil

Ascendas REIT (A-REIT) has proposed to acquire the remaining 75% stake in Ascendas Fusion 5, the holding entity for Galaxis for a consideration of $534.4 million. The proposed acquisition comes after the REIT’s acquisition of its initial 25%…

Covid-19 crowd control measures at popular temples for Vesak Day after surge in cases

Two popular temples have made adjustments to their plans for Vesak Day on May 26, following a surge in Covid-19 cases in the community over the past week. Buddhists traditionally visit temples on the day – which commemorates…

Unlike large resource-rich countries, Singapore cannot afford to close its borders for long: Lawrence Wong

As a small country that is not resource rich, Singapore cannot afford to shut its borders for a long time, said Minister Lawrence Wong on Tues. He was explaining why Singapore did not close its border to India…

Tan Tock Seng Hospital empties out as it clamps down on Covid-19 cases

TTSH and its surrounds were uncharacteristically quiet on Tues following the hospital’s decision to stop taking in new patients, and defer medical appointments or move them online, as it hunkers down to tackle its Covid-19 cluster. At least…

New testing rules and tighter capacity limits for worship services, weddings; mass sports events to be suspended

For three weeks, starting May 8, big sporting events will be suspended and events such as weddings and live performances will have to abide by new testing rules and capacity limits. On Tues, MOH laid out the new…

TTSH Covid-19 cluster: No protocol breach found yet, ward’s air flow and ventilation among factors under probe

Preliminary investigations into what led to the Covid-19 cluster at TTSH suggested that there was no specific lapses in processes and protocols among hospital workers, a MOH official said. Associate Professor Kenneth Mak, the ministry’s director of medical…

3 ward visitors, a patient and a pharmacist now part of TTSH Covid-19 cluster

Singapore reported five new cases of Covid-19 in the community on Tues, all linked to the cluster at TTSH. Of the five, three were visitors to the ward, one a patient and the remaining case was a pharmacist…

How NTUC FairPrice’s consumer centric mindset became its golden goose

When the Singapore government implemented Dorscon Orange due to the spread of COVID-19, it was a supply nightmare for retailers as Singaporeans scrambled to get essentials. FairPrice Group’s CEO of Retail Business Elaine Heng called it a ‘baptism…

OUE C-Reit redeems $155m convertible units in One Raffles Place deal

OUE Commercial REIT Mgmt Pte Ltd has announced, in its capacity as manager, that it will redeem 155m CPPUs of OUE Commercial REIT, worth $155m. In a notice, the manager of OUE C-Reit announced an irrevocable redemption of…

Property market records three-year high

Singapore’s property prices have increased in the last four quarters since Q2 of 2020. This is following the months after the Circuit Breaker ended. According to PG’s SPPI, a QoQ gain of +3.84% was recorded, a figure considered…

Reopen DBS branch in Serangoon Garden

Before the Covid-19 pandemic, there must have been many DBS customers in Serangoon Garden. This would explain why DBS occupies two floors at myVillage shopping mall. All other banks in Serangoon Garden reopened their branches many months ago,…

May 2021 HDB BTO sales launch: Location guide – Bukit Merah, Geylang, Tengah, Woodlands

Every year, HDB releases 4 BTO sales launches. May is the second HDB BTO sales launch this year. For couples and families looking for affordable housing, BTO flat prices are looking even more attractive amidst the soaring resale…

Automated check-in gantries deployed at Novena’s Square 2 and other malls

The Square 2 mall in Novena is one of several malls that have rolled out an automated gantry system at the entrances to ensure visitors check-in on SafeEntry and have their temperatures taken. The gantries at Square 2…

19 people investigated for breaching COVID-19 measures at Fusionopolis pub

Nineteen people are being investigated for suspected breaches of COVID-19 safe distancing measures at a pub located at Fusionopolis in one-north. On Tues, SPF said they were alerted to the case on Apr 30. The 19 people, aged…

E-scooter rider pleads guilty to causing death of 64-year-old cyclist

A 22-year-old man pleaded guilty on Tues to causing the death of a 64-year-old woman while riding his PMD. Hung Kee Boon also admitted to a charge of riding a non-compliant PMD on a shared path. Hung, a…

The Fat Kid Bakery brings sourdough bomboloni, brownies to first physical store in Ang Mo Kio

A much-talked-about baker is taking her business to the next level by moving out of her home and into her first physical bakery in Ang Mo Kio. Famously known for her stuffed bomboloni and chocolatey brownies, Ariel Tang,…

COVID-19: TTSH stops admitting new patients from 4 May

The hospital at the heart of a growing cluster of COVID-19 infections involving patients and staff on Tues said that it will cease admitting new patients. In a FB post on Tues morning, TTSH said, “We seek your…

Istana cancels May 13 open house amid spike in Covid-19 community cases

The Istana open house planned for next Thurs has been cancelled owing to a recent spate of locally transmitted Covid-19 cases in Singapore. The office of President Halimah Yacob said on Tues that Singapore has seen an unfortunate…

3 Orchard Road F&B outlets ordered to shut for 20 to 30 days for repeatedly flouting Covid-19 rules

Three F&B outlets along Orchard Road have been ordered to shut — one of them for 30 days — for repeatedly breaching Covid-19 safe mgmt measures, said the authorities. The outlets — Club Peaches at Concorde Hotel and…

Hougang Mall visited by Covid-19 case in TTSH cluster during infectious period

Hougang Mall was the only new location added to a list of public places that have been recently visited by Covid-19 cases during their infectious period. In its latest update on Mon, MOH indicated that the mall had…

Ageing buildings take another crack at going en bloc

Some ageing buildings in the Orchard vicinity are hopping on the collective sale bandwagon, with Tanglin Shopping Centre (TSC) and Orchard Towers among those eyeing a collective sale, BT understands. TSC, which is mounting its fourth attempt, is…

Listed developers are not going extinct

Listed property developer groups here are undervalued, going by the large discounts to NAV at which they trade. This phenomenon is not unique to Singapore. In property-crazy Hong Kong, behemoths such as Sun Hung Kai Properties and CK…

Asia’s uber rich looking at Singapore penthouses

A clear and noticeable trend has emerged over the last few months for that ultimate of status symbols —the top floor penthouse apartment. It wasn’t just new apartments, like the Midtown Modern penthouse that sold for $14.8m in…

ERA unveils $10mil support plan to help 8,000 agents

ERA is contributing more than $10 million to its 2021 COVID-19 business support plan. The plan comprises three grants, namely digital, training and career, which are aimed to help over 8,000 agents with digital adoption, skill upgrading and…

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