Daily Archives: October 12, 2021 (29 Articles Found)

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LGBTQ+ Guide: Property planning in your 40s and 50s

In my last article, I wrote about the concept of planning early for homeownership for LGBTQ+ individuals. The 20s is all about developing great saving habits and setting the goal of buying a home, while the 30s is…

11 COVID deaths, 2,976 new cases in Singapore

MOH on Tues confirmed 2,976 new COVID-19 cases in Singapore, bringing the country’s total case count to 132,205, as well as 11 more deaths due to the disease. It also marks the 23rd day in a row with…

Covid-19 restrictions: Unvaccinated people can access medical, childcare services in malls by showing documentary proof, letter of support

Patients who require medical attention from doctors, dentists and registered TCM practitioners, as well as caregivers who need to drop off or pick up children from preschools and childcare centres, will be exempted from the new rules disallowing…

Firms should invest in energy efficiency to reduce exposure to price fluctuations: Grace Fu

Businesses should invest in energy efficiency initiatives to reduce the risk of being affected by fluctuations in energy prices, said MSE Grace Fu on Tues. While there are initial costs involved, energy efficiency projects will bear fruit in…

Meet new healthcare Hiro, a robot that disinfects surfaces, reminds polyclinic visitors to put on masks

Visitors to Tampines Polyclinic this month may be surprised to see a robot instead of a nurse monitoring their temperatures and reminding them to put on their masks. The robot – known as the Healthcare Assistive Robot for…

Fare gates on North-South, East-West and Circle MRT lines to be replaced by July 2026

Thales announced on Tues that it had won a contract to replace and install 1,350 fare gates at MRT stations here over the next seven years. The $31.68 million contract will see fare gates on NSEWL and CCL…

Arrest warrant issued against man who tried to dupe bank of $2.88m mortgage loan

A warrant of arrest has been issued against a man linked to a housing loan scam after he failed to turn up in a district court for his mitigation and sentencing on Tues. Last month, odd job worker…

Two-thirds of BTO projects completed during COVID-19 pandemic delayed no more than 6 months: HDB

Seventeen BTO projects completed during the COVID-19 pandemic experienced delays of no more than six months, HDB said on Tues. That accounts for about two-thirds of the 25 BTO projects – amounting to more than 16,000 homes –…

PropertyGuru co-founder Steve Melhuish joins Eco-Business as strategic investor

Eco-Business has welcomed a new strategic investor — Steve Melhuish, co-founder of PG — who has taken an equity stake in Eco-Business. The award-winning entrepreneur is an active angel investor and mentor who in 2019 founded investment firm…

A third of businesses here ‘strongly aligned’ with Singapore Green Plan 2030: Study

Only a third of businesses here say they are “strongly aligned” to the Singapore Green Plan 2030, while less than half are currently operating sustainably, a study shows. Hurdles to greening their operations include funding – especially in…

25 en bloc sales sites up for grabs in 2021: The return of en bloc fever?

According to some news reports, there are now around 25 en-bloc sales sites in 2021; this is more than double the 11 sites last year. On the one hand, this was expected due to the last tranche of…

ESR Cayman raises stake in Sabana REIT through DRP

ESR Cayman’s stake in Sabana Shariah Compliant Industrial REIT rose from 19.73% to 20.03% following its adoption of of Sabana REIT’s distribution reinvestment plan for its DPU, taking units instead of cash. On Oct 6, Sabana REIT announced…

ESR Cayman scraps VLNs as part payment for ARA Asset Management

ESR Cayman announced on Oct 12, that it will not be issuing vendor loan notes (VLN) to sellers of ARA Asset Mgmt. Instead, these would be replaced by ‘consideration shares’ to the seller or consideration recipient. On Aug…

Alternative investment asset classes may be better than having second property as retirement investment: DBS

A new private property may no longer be “that pot of gold” that Singaporeans can solely rely on as their retirement nest egg, according to DBS’s latest NAV Financial Health Series research report, the third in this series.…

Real estate investment sales rise 22% in 3Q2021: Cushman & Wakefield

Singapore’s real estate investment sales rose 22% q-o-q to nearly $8 billion in 3Q2021, boosted by transactions in the residential sector, highlights C&W in a report. This was mainly due to the sale of two mixed-used sites —…

‘Barely covering rental’: Netizen urges Westies to support ITE College West canteen stalls

The F&B industry has been hit badly by all the various dine-in restrictions and for some stalls located within campuses, the issue is exacerbated by HBL arrangements. Alarmed by the sight of an empty canteen at ITE College…

Ngee Ann poly uses innovative energy solutions

The second winner from the public sector in the organisation category for this year’s EENP Awards, NP champions new initiatives using innovative energy solutions as a part of its energy policy. It has taken steps to push for…

JTC engineers win in individual category

JTC’s committed and multi-faceted approach towards energy efficiency and sustainability has won recognition for two of its engineers at this year’s EENP Awards in the public sector individual category. The two JTC engineers who have won individual category…

Singapore condo resale volumes drop 3.8% in September: SRX

Singapore resale condominium volumes dipped in Sept after rising in Aug and July, while prices continued to rise for the 14th straight month, according to flash figures from SRX on Tues. “In the absence of major launches in…

National monument House of Tan Yeok Nee put on the market again for S$92m

The House of Tan Yeok Nee , a gazetted national monument at the junction of Penang Road and Clemenceau Ave, has been put up for sale via EOI with an indicative price of S$92 million. This translates to…

Rise of Covid-19 cases in Singapore shouldn’t halt discussions on reopening of border, says Johor MB

The increase in Covid-19 cases in Singapore should not stop the island republic from discussing the reopening of the border with Malaysia and Johor, says Datuk Hasni Mohammad. The Mentri Besar said that he hoped Singapore would consider…

Lower profit, higher pay for key execs: Is it justifiable?

In spite of uncertainties caused by the Covid-19 pandemic, several Singapore-listed companies have seen fit to raise the remuneration of their directors and key executives this past year – raising questions about how to adjust remuneration policies in…

Covid-19: Coffee shops must designate ‘fixed point’, such as drinks stall, to check patrons’ vaccination status

Coffee shops must designate a “fixed point” such as a drinks stall, where staff members can check the vaccination status of customers who wish to dine there, Ms Grace Fu said a day before rules kick in to…

Watch out e-commerce, ‘social commerce’ gaining ground in Singapore and other Southeast Asia countries: Report

Online shopping through social media platforms during the pandemic continued to surge in the first half of this year as Singapore consumers shopped more often this way and also spent more on each order, a study found. Compared…

Covid-19 breaches: 8 nightlife and F&B establishments have public entertainment or liquor licences revoked

Eight nightlife and F&B establishments have had their public entertainment or liquor licences revoked after “repeatedly and egregiously” breaching Covid-19 rules, said SPF on Tues. It said the eight establishments were found to be repeatedly in breach of…

Flash Coffee launches Singapore flagship

Tech-enabled coffee chain, Flash Coffee, has unveiled the bold design of its Singapore flagship at Orchard Gateway. Flash Coffee Orchard Gateway is designed with the brand’s signature bright yellow and neon pink elements, while the layout is arranged…

Private residential properties price moderated in Q3: report

The price increase of private residential properties was moderated in Q3, recording a marginal 0.5% q-o-q growth. Q1 and Q2 figures were at 2.5% and 1.1%, respectively. Knight Frank reported that quarterly sales volume of non-landed private homes…

Gyms not worried about entry rules, most members vaccinated

Stricter vaccination-differentiated rules are set to take effect tomorrow, but gym owners whom ST spoke to are taking the latest measures in their stride, saying that they are not worried as most of their members are fully vaccinated.…

Draconian mask rules are unrealistic

I read Mr Alex Yeo’s letter with a mixture of bemusement and alarm (Have a ‘no mask, no talk’ rule while exercising and dining, Oct 9). His views represent a strain of mask fundamentalism that is both practically…

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