Daily Archives: October 15, 2021 (37 Articles Found)

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Singapore JV to offer green solutions to SMEs

CO2X, a new JV formed by Singapore-based tech firms STACS, Ascent, and Evercomm, has signed a MOU with executives from the transportation, logistics, and finance sectors to provide green solutions for local businesses. It will develop a platform…

3,445 new COVID cases in Singapore, 8 more deaths

MOH on Fri confirmed 3,445 new COVID-19 cases in Singapore, bringing the country’s total case count to 141,772, as well as eight more deaths due to the disease. Of the new cases, 3,443 are local infections: 2,823 are…

New Reit index by SGX and UOBAM tracks environmentally positive Reits

A new Reit index that tracks environmentally-positive Reits was launched on Fri by SGX and UOB Asset Mgmt (UOBAM). Named the iEdge-UOB APAC Green Reit Index, it will cover 50 higher-yielding Reits across APAC region with better environmental…

Analysts see slight lift from foreign demand in Singapore property in Q4 2021

Analysts have flagged a possible lift in foreign demand in Singapore properties as VTL open up. This comes as the YTD tally has already beat total sales in 2020. While Sept recorded the second consecutive monthly dip in…

EMA cites high demand, gas supply curbs for sharp spikes in Singapore’s spot electricity prices

The staggering spikes in Singapore’s spot electricity prices in recent months are due to a confluence of factors including gas curtailment from Indonesia’s West Natuna and “low landing pressure” of the gas supplied from South Sumatra, said EMA.…

Keppel DC REIT finalises investment agreements with M1

M1 Limited and Keppel DC REIT announced that investment by Keppel DC REIT into M1 Network Private Limited (NetCo) will push through. Included in the company are M1’s mobile, fixed and fibre assets. Through an asset transfer agreement,…

Bollywood Veggies loses court appeal over property tax

Local farm and eatery Bollywood Veggies has lost its court fight with the taxman over property tax to be paid on the Lim Chu Kang property. Bollywood Veggies had challenged the method used to determine the AV of…

Covid-19: No exceptions for unvaccinated caregivers to enter malls to take children to tuition, enrichment classes

The authorities have clarified that unvaccinated caregivers will not be granted exemption to enter malls to pick up or drop off their children for tuition and enrichment classes under the new vaccine-related controls that began on Wed. Exemptions…

To reignite kampung spirit, appoint chief gardeners in various estates, share dishes made from locally grown crops

One may assume that reduced interaction from the pandemic has curbed the kampung spirit among Singaporeans. Government policies, however, have had the by-effect of rekindling it. Initiatives by NParks, such as the provision of allotment gardens where residents…

Covid-19: Yishun tuition centre director fined S$2,700 for repeatedly failing to wear mask

A 56-year-old director of an education and tuition centre was fined S$2,700 on Fri after pleading guilty to not wearing a face mask over his nose and mouth at the centre on multiple occasions. Kwang Geok Ming, a…

Ohm Energy becomes 2nd electricity retailer in 3 days to announce exit from ‘volatile market’

Electricity provider Ohm Energy announced on Fri that it will be exiting the electricity market here, just days after another provider, iSwitch, abruptly announced its exit on Wed due to market conditions. In a statement to customers, Ohm…

4 nightspots ordered to close for alleged breach of Covid-19 rules, 14 suspected gang members arrested

The police have arrested 14 men, aged 16 to 44, for being suspected members of unlawful societies, and four nightlife venues have been ordered to close for allegedly flouting Covid-19 rules after islandwide raids between Sept 28 and…

Revised carbon pricing to be announced in next Budget, as current level is ‘too low’: Lawrence Wong

Singapore’s carbon prices today are “too low”, Finance Minister Lawrence Wong said on Fri as he gave more details on the country’s ongoing review of the level and trajectory of its carbon tax policy. A revised carbon tax…

Changi Airport reopens arrival halls to family and friends of passengers

Family and friends of passengers arriving at Changi Airport from low-risk countries and regions can enter the arrival halls to greet them from Fri. Before this, they were only allowed to receive travellers from the terminal’s arrival pick-up…

Man charged with making false declaration in stay-home notice application

A Singapore PR was charged on Fri with making a false declaration in his application to opt out of serving his stay-home notice at a dedicated facility. Lu Yi Yin, 48, arrived in Singapore on Jul 14 this…

MOM deployed ‘insufficient resources’ to transfer COVID-19 cases from Westlite Jalan Tukang dormitory

MOM deployed “insufficient resources” for an “unexpected” increase in COVID-19 cases at Westlite Jalan Tukang dormitory, resulting in delays to the transfer of these cases to care or recovery facilities. Chief of MOM’s ACE Group Tung Yui Fai…

Singapore’s new private home sales fall 31.4% in September, down for second straight month

Sales of new private homes in Singapore fell 31.4 per cent in Sept, declining for the second straight month. Excluding ECs, developers sold 834 units in Sept compared to 1,216 units in Aug, according to URA on Fri.…

Sembcorp Marine has ‘taken note’ of feedback on hygiene and quality of food served to migrant workers in Jalan Tukang

Sembcorp Marine has “taken note of the feedback” on the hygiene and quality of food served to the migrant workers employed by the company, it said on Thurs night. Responding to CNA’s queries about MOM’s investigation at the…

Proposed conservation of six buildings and an entrance archway at St Theresa’s Home

Authorities have proposed to conserve seven structures at St Theresa’s Home on Upper Thomson Road in recognition of their “historical, architectural and social significance”, said URA on Fri. These structures – six buildings and one entrance archway –…

ESR-Reit, Ara Logos propose merger with pricing favouring ESR-Reit unitholders

ESR-REIT and Ara Logos Logistics Trust are proposing to merge in a S$1.4 billion deal, in a move that will create a Reit with S$5.4 billion in total assets. Under the deal, widely anticipated after their respective sponsors…

Raising tax revenue the ‘sustainable and responsible’ way to fund Singapore’s expenditures: Lawrence Wong

The sustainable and responsible way to fund Singapore’s recurrent expenditures is to raise tax revenue and to do so with a fair and progressive tax system, Finance Minister Lawrence Wong said on Fri. “Healthcare alone will demand an…

Family of Kopitiam King buys Lornie Road GCB for S$26.8m

The family of Lim Bee Huat of Kopitiam King fame is buying a fairly new bungalow along Lornie Road for S$26.8 million. The price of S$2,545 psf, albeit on a relatively small freehold land area of 10,529 sqft,…

Porcelain Hotel in early stage of being sold for about S$90m

In one of the largest deals in the Singapore conservation shophouse market, Porcelain Hotel – comprising 12 contiguous four-storey shophouses along Mosque St – is in the early stage of being transacted at about S$90 million, BT understands.…

Habitap launches subscription-based smart home and office management systems

Habitap, a homegrown provider of smart home features for new condominiums and developments, has snared a comfortable share of the smart home market in Singapore. Last month, the tech firm announced a new product called Habitap One, its…

Resale unit at luxury Ardmore Park sold for $5.95 mil profit

The sale of a 2,885 sqft, four-bedroom unit at Ardmore Park was the most profitable resale transaction over the week of Sept 28 to Oct 5. The luxury unit on the 23rd floor was sold for $10.75 million…

Luxury condo prices surpass previous peaks

A penthouse at Nassim Park Residences has recently been put up for sale. The 6,879 sqft, five-bedroom penthouse has a price tag of $35 million ($5,088 psf) and is situated in the premium block of the development, with…

CapitaLand, Frasers Property among Singapore companies recognised in global real estate sustainability rankings

A number of Singapore real estate companies have been recognised for their sustainability efforts in the 2021 GRESB rankings. CapitaLand retained its position as the Global, Regional and Asia Sector Leader, scoring the highest rating of 5 stars.…

ESR-Reit, ARA Logos propose S$1.4b merger

The managers of ESR-Reit and ARA Logos Logistics Trust (ARA Logos) have proposed a S$1.4 billion merger, where ESR-Reit will acquire all of ARA Logos’ units in exchange for a combination of cash and new units. The proposed…

Recurring waves of infections slam retail’s chance at recovery

The retail market’s chance at recovery has started to wane as Singapore reverts to stricter measures due to a resurgence of infections. A report from Knight Frank showed that the retail real estate sector has experienced the “most…

Frasers Property Group recognised in Global Real Estate Sustainability Benchmark rankings

Frasers Property Limited announced that the group was recognised in GRESB for 2021. The GRESB Sector Leader awards focus on real estate and infrastructure companies that have shown outstanding leadership in sustainability each year. All entities of the…

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