Daily Archives: July 9, 2021 (22 Articles Found)

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Can you actually lose money with landed property in Singapore? We look at data from 26 years

Today, the purchase of a $40 million Bin Tong Park Good Class Bungalow by Grab CEO Anthony Tan hit the headlines. This follows the purchase of a $36 million Good Class Bungalow (GCB) last week. It’s clear that…

1 local unlinked case among 10 new COVID infections in Singapore

MOH on Fri confirmed 10 new COVID-19 cases in Singapore, taking the country’s total case count to 62,678. The lone local case in the community is currently unlinked. Fri marks the 75th consecutive day with local cases reported…

The truths behind our higher incomes in census 2020

DOS released the latest Singapore Census of Population 2020 last month. The results show that Singapore residents are earning higher incomes. Also, those households in the highest income bracket of $20,000 and over make up the biggest group…

5 things you must know before you apply for a Sale of Balance Flat (SBF)

1) Some of the flats sold through SBF are old – Not all SBFs are under construction or leftover from past BTO sales. It may include those given up by owners or even repossessed by HDB. This means…

New Active Ageing Centre in Chai Chee to support 1,500 elderly residents

Filos Community Services opened an Active Ageing Centre in Kembangan-Chai Chee on Fri. Located at Blk 55 Chai Chee Drive, the centre aims to provide social and health support for more than 1,500 elderly residents of the area.…

Razer’s Tan Min-Liang in early stage of buying GCB in Third Avenue

Gaming company Razer co-founder and CE Tan Min-Liang is in the early stage of buying a Good Class Bungalow (GCB) along Third Ave for S$52.8 million. The price works out to S$1,706 psf on the freehold land area…

Construction industry making progress on digital road

Lum Chang Holdings began using drones for aerial construction site surveillance in 2018 – a decision that has since proven invaluable. When the Covid-19 pandemic hit, and the company had to split its workforce, Lum Chang was still…

DBS to turn Newton office building into net zero development

DBS will invest over S$5 million to convert a four-storey office building in Newton into a zero-energy building. This will be Singapore’s first net zero development by a bank, DBS said on Fri. A portion of the retrofitting…

Grab CEO Anthony Tan’s family buys GCB in Bin Tong Park for S$40m

Grab co-founder and CEO Anthony Tan’s family has bought a property in the Bin Tong Park Good Class Bungalow (GCB) Area for S$40 million. The purchase was made by his wife, Chloe Tong, BT understands. The couple is…

RHB sees further upside to AIMS APAC REIT, deems it a laggard play on rising logistics demand

RHB Group Research analyst Vijay Natarajan has maintained “buy” on AIMS APAC REIT (AA REIT) with a higher target price. The new target price represents an upside of 11% to the REIT’s last-closed share price on July 8,…

Allgreen Properties previews Pasir Ris 8 integrated development

Allgreen Properties will preview its 487-unit condominium, Pasir Ris 8, on the weekend of July 10–11. More than just another private condo, it is an integrated development with seven residential blocks spanning the fourth to 11th floors, a…

Two adjoining 999-year shophouses on Dunlop Street selling for $8 mil

A pair of 999-year leasehold shophouses at 77 & 79 Dunlop St will be offered at Knight Frank’s auction event on July 22. The properties have a combined guide price of $8 million and will be offered for…

Fragrance Group executive chairman Koh to privatise company at 13.8 cents per share in conditional cash offer

Dr Koh Wee Meng, the executive chairman and CEO of property developer Fragrance Group, will be privatising the group. He has, through JK Global Treasures, has made a voluntary conditional offer to its shareholders on July 9, where…

Shophouse transaction value rose 29.9% in H1 2021

Singapore saw total shophouse transaction value increase 29.9% to $836.1 million in H1 2021 from 2H 2020, on the back of a pick-up in activity from Q4 2020, revealed a Knight Frank report. The H1 2021 figure includes…

16-year-old admits flinging eggs at cars, spraying fire extinguishers on school premises

In the space of two months this year, a 16-year-old boy committed a slew of crimes — from stealing eggs to fling at vehicles and buildings to spraying fire extinguishers on the premises of a school. The Sec…

Covid-19 breaches: Nando’s, Carl’s Jr outlets among 8 eateries shut; 33 people fined at parks, beaches

The Nando’s outlet at PS and Carl’s Jr at Jurong Point were among eight F&B outlets ordered to shut for breaching Covid-19 measures following stepped-up checks by the authorities over the past week. Thirteen other outlets were fined…

Fed-up expats begin drifting away from Singapore: Financial Times

Mr Tom Meredith had just arrived in London after more than a year away when Singapore revoked the re-entry pass he needed to fly home to his wife and six-year-old twin daughters. What should have been a short…

Woman accused of harassing neighbour by pouring water down her condo unit says she was cleaning the roof

A woman accused of harassment after she repeatedly poured soapy water from her unit into her neighbour’s told the court on Fri that she was simply cleaning her neighbour’s dirty roof. Lee Soh Geok is contesting three charges,…

Singapore ranks 4th safest country in 2021

Singapore lands fourth place in Global Finance magazine’s World’s Safest Countries rankings, trailing behind Iceland, UAE, and Qatar; and followed by Finland. The rankings take into account three fundamental factors: war and peace, personal security, and natural disaster…

Gyms, gymgoers welcome relaxation of rules for group size

In recent weeks, Mr Ryan Choo has been busy preparing for the opening of his gym, Body Fit Training Raffles CBD. He was set to welcome the first customers tomorrow but was left scrambling when the MTF said…

Several F&B players concerned over testing standards not being met

As F&B and other businesses in high-risk settings gear up for mandatory 14-day Covid-19 testing to become a part of their operations from July 15, some have faced teething issues familiarising themselves with the new testing regime. Several…

Improve noise insulation in new HDB flats near air base

The upcoming Tengah new town is quite close to Tengah Air Base, which means that future residents there are likely to be affected by noise from RSAF jets. However, suitable measures to insulate buildings against aircraft noise could…

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