Daily Archives: July 16, 2021 (35 Articles Found)

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4 ways Singapore population trends can impact home buyers

1) We might face an oversupply of resale flats – When the older generation of Singaporeans pass on, who is going to buy all their flats that most of us can’t inherit? Our shrinking population doesn’t inspire confidence…

What is the Mortgage Servicing Ratio (MSR) when you buy a HDB or Executive Condo (EC) flat

For most of us, purchasing a property is one of the largest financial decisions we would have to make in our lifetime. Based on May 2021 BTO sales launch, the BTO prices for a 4-room flat range from…

7 reasons why Singapore continues to be a safe haven for foreign property investors

Within SEA and APAC, the pandemic has demonstrated how challenging it is for countries to protect their borders and secure their residents’ health and safety. For Singapore, which is often compared in economic terms with Hong Kong, the…

Wage, rental support to be extended for F&B and sectors affected by tightened measures

Licensed F&B outlets, gyms, fitness studios, performing arts organisations and arts education centres will receive extended wage support from July 26 to Aug 8, in view of tightened safe mgmt measures announced by the MTF on Fri. These…

Freehold residential shophouse on Everton Road going for $6.98 mil

A freehold shophouse at 9 Everton Road will be put up for sale by its owners at Edmund Tie’s upcoming auction on July 28. Located off Neil Road in the Blair Plain Conservation Area, the two-storey shophouse sits…

JLL’s Chris Archibold: CBD occupiers see light at the end of the tunnel

Chris Archibold, JLL Singapore country head, sees Covid-19 as a catalyst for occupiers to provide agile, collaborative and efficient workspaces that employees want to work in. “One of the few positives from Covid-19 will be a more conducive…

ARA rides the Robinson Road renaissance

Covid or not, the rejuvenation of the CBD is underway. Nowhere is it more evident than along Robinson Road. On the stretch between Boon Tat Street and McCallum St, office buildings have undergone ownership changes, refurbishments or redevelopment.…

PropertyGuru reports net loss of $11.8 mil, sees 7.2% lower revenue of $82.1 mil for FY2020

For the FY2020 ended Dec, PG has reported a net loss of $11.8 million, from a net loss of $39.8 million in the FY2019. The company also saw revenue of $82.1 million during the FY2020, 7.2% lower than…

Singapore goes green with bonds

There is a difference between green bonds and perpetual securities, sustainability bonds and sustinability-linked bonds (SLB). Green bonds and perpetuals are likely to fund only green projects; sustainability bonds fund green and/or social projects; and the use of…

61 Robinson’s contemporised Art Deco interiors

Robert Cheng, founder and design principal of Brewin Design Office, has given ARA Private Funds’ office building at 61 Robinson Road a fresh perspective. “The new interiors of the building take their cue from the existing building facade…

KTV lounges in Covid-19 cluster did not take government grants to pivot to F&B

None of the nightlife establishments that took government grants to pivot to F&B services is, to date, part of the growing KTV Covid-19 cluster, MTI Minister Gan Kim Yong said on Fri. The cluster, linked to a number…

Enforcement is ‘cat and mouse’ game, agencies stretched: Lawrence Wong

While enforcement efforts will be ramped up in the wake of the ongoing KTV lounges/clubs cluster, it remains a “cat and mouse” game, with illegal gatherings taking place in many other settings too, said Finance Minister Lawrence Wong…

Covid-19 cases at ComfortDelGro driving centre not linked to KTV cluster: MOH

A Covid-19 cluster at ComfortDelGro’s driving school at Ubi is not related to the one involving several KTV lounges, but is linked to residents at Blk 639 Rowell Road in the Jalan Besar area. Associate Professor Kenneth Mak,…

Over 2,000 people quarantined as part of wide net cast to contain KTV Covid-19 cluster: Ong Ye Kung

The Government has quarantined 2,480 individuals who could potentially be part of a fast-growing Covid-19 cluster involving several karaoke lounges. These people are staff members of the KTV lounges, as well as some patrons of the lounges detected…

Covid-19: 53 new locally transmitted infections in Singapore, including 32 linked to cluster at KTV lounges

Singapore on Fri recorded 53 new locally transmitted cases of Covid-19, 32 of which have been traced to the growing cluster at KTV lounges and clubs. This brings the total number of cases in the cluster to 120.…

Group sizes for indoor high-intensity mask-off activities reduced amid tighter COVID-19 measures

The group sizes for indoor high-intensity mask-off activities have been reduced amid a spike in local COVID-19 cases, MOH said Fri. MOH said that such activities can only be carried out in classes with multiple groups of two,…

COVID-19: Dining-in group size back to 2; groups of 5 only if all fully vaccinated

Dining-in at F&B establishments will be reduced to groups of two for people who are not fully vaccinated, MTI Minster Gan Kim Yong announced. Those who are fully vaccinated can continue to dine-in in groups of five, he…

All nightlife businesses that pivoted to F&B to be suspended for 2 weeks as KTV COVID-19 cluster grows

All nightlife establishments that had pivoted to operating as F&B outlets will have to suspend business for two weeks from Fri after a rise in COVID-19 cases, many of them linked to a growing KTV cluster. The suspension…

Soil erosion due to heavy rain caused water to gush down slope in Bukit Batok: NParks

Eroded soil that fell into a quarry at the top of Bukit Batok Town Park caused a large amount of water to flow down a slope and onto a road on Thurs evening, said NParks. A preliminary assessment…

Nightlife industry worried about business impact, stricter rules if KTV COVID-19 cluster continues to grow

Worries about business impact and the possibility of even stricter rules targeted at their industry are weighing on the minds of some nightlife operators here amid a growing COVID-19 cluster linked to KTV lounges. These KTV lounges have…

TraceTogether token’s design will continue to be improved

We thank Dr Reuben Wong for his feedback. As an immediate response, we have stepped up checks to ensure refurbished TraceTogether tokens are in satisfactory condition before issuance. We launched the TraceTogether token in June last year. We…

Have seats at bus stop for commuters’ comfort

I hope LTA can provide seats at the new bus stop opposite Outram Park MRT station for SGH shuttles. The old shuttle bus stop had seats, as should the new one, which has been operating for at least…

Laxer ethnic quota rules may appease sellers but at expense of society

While I sympathise with Mr Gerald Patrick’s struggles in the property market, I am also very mindful of why the EIP imposes such restrictions. Given the recent reports of incidents in which minorities have been unjustly targeted and…

1,300 lift and escalator technicians to benefit from enhanced progressive wage model

Technicians in the lift and escalator industry are getting a boost, as the Singapore government on Fri accepted recommendations from TCLE to increase wages and implement annual bonuses. Sustained wage increases over six years, from 2023 to 2029,…

F&B, retail outlets brace for tightened Covid-19 measures amid KTV cluster spread

With the emergence of the growing KTV cluster, F&B and retail businesses are bracing for another round of tightened Covid-19 measures. As at Thurs, the KTV lounge cluster grew to 88, making it one of Singapore’s largest active…

F&B demand in Singapore’s CBD picks up after dine-in group size upped to five

Quiet afternoons and sleepy evenings at restaurants in Singapore’s CBD may finally be drawing to a close, as restaurants there are beginning to see a much-anticipated revival on the back of recently relaxed dining restrictions. F&B establishments say…

Property agents’ share of pie shrinks as their ranks swell further

The total number of property agents in Singapore continued to rise last year, although on average they appeared to be closing fewer sales each. This came as some agents looked to diversify their income streams, such as by…

Two bungalows in Cluny Road in early stage of being sold for S$91m

The buzz in the Good Class Bungalow (GCB) market continues. BT understands that recent deals include two adjacent old freehold bungalows on Cluny Road opposite the Singapore Botanic Gardens for which OTP have been granted by their respective…

Yew Tee vaccination centre cleaned after visit from Covid-19 patient

Deep cleaning was carried out at a vaccination centre in Yew Tee CC after it was visited by a Covid-19-positive individual who was there to be inoculated. In a FB post on Fri night, an MP for Marsiling-Yew…

Refreshed look for Geylang Serai seeks to appeal to all while retaining cultural identity

Visitors to the popular Geylang Serai Market will be able to make use of sheltered rest points and get there via new cycling lanes when improvement works to the area are completed. They can also attend cultural events…

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