Daily Archives: August 19, 2021 (44 Articles Found)

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Singapore gets sweet pandemic distraction as Museum of Ice Cream opens

America’s Museum of Ice Cream launched its first intl outlet in Singapore on Thurs, providing some sweet distraction from the coronavirus after curbs put a halt to many entertainment activities across the city-state. Visitors were required to book…

Most companies expect hybrid work arrangements to stay

Singapore eased more Covid-19 restrictions today, giving companies the green light to bring more staff back to the office and doubling capacity limits for events with fully vaccinated attendees. Even so, most employers – including Singapore’s largest, the…

S’pore to keep eye on cases as it works to reopen borders: Gan

As Singapore works to reopen its borders for business and leisure travel, it expects the number of Covid-19 infections to rise, said MTI Minister Gan Kim Yong yesterday. The country will keep a close eye on the situation…

A photographer’s ode to heritage Mom-and-Pop shops (before they’re gone)

There are no statistics to back this, but all photographers know that it can be incredibly difficult to convince your local aunties and uncles to pose for photographs. So seeing almost – almost, except for too-cool-to-smile barbershop uncle…

REITs report card 2021: How Singapore REITs performed in 2nd quarter 2021

COVID-19 has accelerated various mega-trends such as digital transformation, new consumer behaviours in the retail sector, and even the emergence of new business models. With Singapore’s (and the global) economic recovery gradually unfolding, the second quarter of 2021…

The latest example of Singapore’s holistic approach to building a smart city

Like many other global smart cities, a major challenge for Singapore is to move beyond the “test-bed” phase and apply new technologies nationwide so their impact can be felt by citizens and investors. To advance its efforts, Singapore…

A step-by-step walkthrough to check your BTO for defects (with pictures)

We figured it would be useful to do a complete walk-through to help you check through your newly built BTO flat on your own! Before we start, here’s a snippet of what you need to know: Once you…

Hiap Hoe owns 59 strata units at en-bloc sales aspirant Orchard Towers

Hiap Hoe, via a subsidiary Golden Bay Realty, has announced that it owns 59 strata units of Orchard Tower, which is in the process of being put up for collective sale. Of the 59 units, 21 are shops…

‘Buy’ UOL for portfolio rejuvenation, says OCBC

OCBC Investment Research has kept “buy” on UOL Group with a higher fair value estimate. It comes with an ESG valuation premium, as UOL has displayed “consistent solid ESG performance”. So far, the group has demonstrated a “comprehensive”…

CDL, UOL named as CGS-CIMB’s preferred picks amid ‘overweight’ property sector for month of July

City Developments Limited (CDL) and the UOL Group have been named CGS-CIMB Research’s top picks among the property sector as the month of July saw brisk home sales. “With the residential market still enjoying brisk transaction activity, we…

Tuan Sing Holdings wins tender for prime freehold site at Dunearn Road for $56 mil

Tuan Sing Holdings has, through its wholly-owned subsidiary Gerbera, been awarded a private tender for a freehold site on 870 Dunearn Road on Aug 18 for a purchase price of $56 million. The site occupies a land area…

Ex-employee in management corporation of Bugis Junction fined $45,000 for corruption

While employed by the property mgmt corp of Bugis Junction, a 55-year-old man tried to get kickbacks in exchange for helping a building maintenance company win a project tender. Subramaniam Panneer Selvam later lied to his superior that…

New dental clinic in Lengkok Bahru serves disabled, underprivileged communities

A new dental clinic at the Enabling Village in Lengkok Bahru will plug the affordability gap for the disabled, special needs and underprivileged community. Routine scaling, polishing, filling or extraction at the Mount Alvernia Outreach Dental Clinic will…

So far, so good, say cinema operators about vaccinated-only halls

When phase two (heightened alert) measures banned eating and drinking in cinemas from July 22, it came as a blow to cinema operators as F&B sales make up half their revenue. So cinemas were quick to go into…

Accountants play crucial role in driving sustainability: Grace Fu

Accountants can go beyond balancing the books and promote green goals and help their companies mitigate climate change-related risks, said MSE Minister Grace Fu on Thurs. Ms Fu told a conference: “Being stewards of capital and corporate reporting,…

Sembcorp, Exxon Mobil find innovative ways to meet environmental sustainability targets

Companies on Jurong Island have found innovative ways to manage resources as part of efforts to lower costs and meet their environmental sustainability targets. Take, for example, Sembcorp Industries, which has been licensed to manage a range of…

More people return to the office, fewer temperature checks as S’pore further eases Covid-19 curbs

Lawyer Crystal Tan usually gets a seat when she boards the train on NSL to the city at 8.30am, but on Thurs, most of the seats were taken. Ms Tan, 32, who boarded at the Sembawang station and…

Consumers still prefer to use cash when dining out, shopping at convenience stores: Survey

Cash is still the preferred payment choice for many at F&B outlets and convenience stores despite Singapore’s ongoing push for digital payments, noted a recent survey. About 33 per cent of respondents nominated cash as their top choice…

2 new Covid-19 clusters detected — one with 32 cases and another linked to a Giant outlet

Singapore on Thurs reported two new Covid-19 clusters, one linked to a Giant supermarket in Hougang and the other to an individual. Seven cases were linked to the supermarket located at Blk 683 Hougang Ave 8 and 32…

Singapore industrial market continues recovery into H1 2021

Singapore’s industrial property market remained resilient in the first half of 2021, with JTC price and rental indices rising 2.7% h-o-h and 1.1% h-o-h, respectively, said Colliers Intl in its latest report. Colliers’ research showed that average monthly…

Strata office unit at Suntec Tower 1 hits $3,417 psf

A 3,079 sqft, strata-titled office unit on the 37th floor of Suntec Tower 1 of Suntec City changed hands recently for $10.52 million ($3,417 psf) in Aug. In terms of price psf, it’s the highest since a similar-sized…

Cleaning up Orchard Towers, one strata unit at a time

French expatriate-turned-Singapore PR Andre Sion, remembers when he first arrived in Singapore in late 2008. “It was 1am and I was tired after an 18-hour flight and I told the taxi driver that I wanted to go to…

CanningHill Piers along Singapore River to launch in Q42021

CanningHill Piers, a 696-unit development located between Fort Canning Hill and Singapore River, is set to launch in Q42021. The development, by joint developers CapitaLand and City Developments Ltd (CDL), will feature two residential towers. One of them…

The Assembly Place ventures into short stays and co-working

While co-living operator The Assembly Place (TAP) is signing more leases and securing more properties, it is also expanding into new business verticals — short stays and co-working. The company has signed four more buildings under 5+5 year…

Unit at Reflections at Keppel Bay on the market for $2.84 mil

A three-bedroom unit at Reflections at Keppel Bay, along Keppel Bay View in District 4, will be put up for auction for $2.84 million ($1,724 psf) on Aug 25, according to Edmund Tie, which is handling the bank…

Orchard Towers collective sale committee appoints Edmund Tie, Legal Solutions

Edmund Tie has been named the marketing consultant for the potential collective sale of Orchard Towers, while Legal Solutions LLC is the appointed law firm, BT understands. The next steps in the process will include determining the reserve…

Real estate wealth tax and Singapore’s property cooling measures

The chatter on wealth taxes has been increasing in intensity over the past year. The reason propounded for an implementation is to promote an inclusive society by finding additional sources of government revenue to fund various altruistic schemes.…

PropNex, ERA dominate in HDB resale and leasing transactions

Property agents from PropNex and ERA have brokered about 70 per cent of resale transactions of HDB flats every year since 2017. In the residential leasing segment, both agencies likewise accounted for the bulk of the deals, going…

Singapore won’t reach COVID herd immunity: Lawrence Wong

Singapore will not reach herd immunity in the pandemic despite its high COVID-19 vaccination rate, said Finance Minister Lawrence Wong on Thurs. “The path towards being a COVID resilient nation is going to be a long and hard…

Benjamin Glynn to be deported by ICA: Singapore Prison Service

British expatriate Benjamin Glynn was released from detention and handed over to ICA on Wed, SPS said on Thurs. The 40-year-old was sentenced to six weeks’ jail on Wed after being convicted of four charges relating to failing…

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