Daily Archives: July 27, 2021 (22 Articles Found)

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What is Cash-Over-Valuation (COV) and how does it affect (or not affect) HDB prices

After consecutive quarters of increasing HDB resale prices, anyone looking (or even thinking) about buying a resale flat would already know that it is a seller’s market right now. Demand for resale flats have increased dramatically, partly driven…

Ascott Residence Trust almost doubles H1 DPS to 2.05 S cents despite 11% revenue drop

CapitaLand subsidiary Ascott Residence Trust (ART) on Tues reported a 95 per cent increase in its DPS to 2.05 Singapore cents for the first-half ended June 30, from 1.05 cents for the year-ago period. However, the increase was…

Keppel Reit posts H1 DPU of 2.94 cents, up 5%

Keppel Reit on Tues reported a DPU of 2.94 Singapore cents for the first-half ended June 30, up 5 per cent from 2.8 cents a year ago. Distributable income increased 11.5 per cent to S$105.7 million, which the…

Of 139 new COVID cases in S’pore, 8 linked to new Westlite Juniper dorm cluster

MOH on Tues reported 139 new COVID-19 cases in Singapore, taking the country’s total case count to 64,453. There are 136 new locally transmitted infections, of whom eight are dormitory residents linked to a new cluster at Westlite…

Decision to tighten Covid-19 measures was right judgment call: Lawrence Wong

The Covid-19 situation today would have been much worse if the authorities did not impose tighter restrictions in the wake of the Jurong Fishery Port cluster, said Finance Minister Lawrence Wong on Tues. Responding to a barrage of…

Covid-19 vaccination rates ‘very high’ among migrant workers, Govt looking at easing safety measures

Vaccination rates among migrant workers are very high and are increasing, said Finance Minister Lawrence Wong in Parliament on Tues, as he assured the House that the Government was looking at easing safety measures for these workers. He…

Vacant premises in Pasir Panjang can be alternative distribution site for food supplies: Grace Fu

The former Pasir Panjang Distripark has been identified as a possible alternative temporary distribution site in the event of disruption to Singapore’s food supply chain. Announcing this during a visit to the now-vacant premises at 151 Pasir Panjang…

Firm, general manager charged with not sending foreign workers for Covid-19 routine testing

A manufacturing company and its GM were charged on Tues with failing to send three migrant workers for rostered routine testing for Covid-19. This is the first time a company or individual has been prosecuted for such an…

Mapletree Industrial Trust Q1 DPU up 16.7% to 3.35 Singapore cents on US income boost

Mapletree Industrial Trust (MINT) has bumped up first-quarter DPU to 3.35 Singapore cents, including an advanced distribution announced in end-May. NPI rose by 33.1 per cent to S$104.7 million, as gross revenue jumped by 29.2 per cent to…

Teen dies after basketball hoop structure in Bedok South falls on him

A teenager has died after a basketball hoop structure in Bedok South fell on him on Mon night. SPF said they received a call for help at 8.43 pm about someone found injured next to a fallen structure…

Security measures in schools to continue to be updated in ‘targeted’ manner without affecting ‘homeliness’: Chan Chun Sing

MOE will continue to update security measures in schools in a “targeted” manner, without losing the sense of “homeliness” of the school environment, Education Minister Chan Chun Sing said in Parliament on Tues. As efforts are made to…

Singapore exploring partnerships to capture, store carbon dioxide as part of low-carbon push: Tan See Leng

As Singapore lacks suitable known geological formations needed to store carbon dioxide permanently underground, it is exploring partnerships with companies and other countries to do so. “Climate change is an existential challenge for Singapore,” said Second Minister for…

Number of electric vehicle registrations rise in first half of 2021

EVs made up 1.3 per cent of all new electric car, taxi and bus registrations between Jan and June this year, up from just 0.3 per cent of vehicle registrations for the whole of 2020. This is was…

Should you pay off your monthly mortgage early or invest?

Singapore’s housing market is among the most expensive worldwide. For instance, the average cost of an HDB property listing is S$532,768 or S$507 psf. Compare that to the average monthly salary of S$5,783, and it isn’t difficult to…

Pasir Ris 8’s multiple price hikes of up to S$2,000 psf may raise expectations for suburban condo pricing

The multiple price revisions for the newly launched Pasir Ris 8, which irked some prospective buyers over the weekend, could adjust expectations for suburban residential projects, especially when other developers relook at their own pricing, analysts say. Allgreen…

Affected firms such as F&B suppliers can appeal for JSS support: Lawrence Wong

Businesses that do not strictly qualify for the enhanced JSS payouts but are affected by pandemic measures – such as suppliers to F&B outlets – may appeal to receive it, said Finance Minister Lawrence Wong in Parliament on…

Do landed homes trump condos as investments?

In dense Singapore, many aspire to own a private landed home. Over a 20-year period to the second quarter of 2021, prices of private landed homes rose 101 per cent, outperforming the 77 per cent jump in prices…

Singapore’s future of work is shaping up

1) Physical offices are here to stay as homeworking fatigue sets in – The ideal number of days that employees would like to work from the office has risen from 1.7 days in the Oct 2020 survey, to…

Any potential measure to reduce EIP’s economic impact should apply to all races

More flat sellers from the minority races have appealed the EIP, said MND in Parliament on Mon. This comes as Chinese buyers form a bigger proportion of the market; hence, the impact on non-Chinese sellers is larger once…

Seats in after upgrading completed at bus stop

We refer to Mr David Kwok Ng Kan’s letter, “Have seats at bus stop for commuters’ comfort” (July 16). The accompanying photo did not show the full extent and layout of the bus pick-up/drop-off point, which was upgraded…

Capacity of Singapore’s ICU facilities has to be addressed

The MTF’s stance appears to be governed by concerns about overwhelming the current ICU capacity should many of the recently infected become seriously ill. In May last year, then Health Minister Gan Kim Yong said that Singapore was…

Don’t subject economy to repeated Covid-19 curbs

I thank ST senior health correspondent Salma Khalik for voicing publicly many of the questions that some of us have been raising privately concerning the Government’s response to the developing Covid-19 situation (Nuanced approach to rising infections better…

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