Daily Archives: November 15, 2021 (36 Articles Found)

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Bus & train fares are increasing by 2.2%. How are public transport prices determined by the public transport council?

On 3 Nov 2021, PTC announced that bus and train fares will be increasing by about 2.2% from 26 Dec 2021. According to PTC, low ridership coupled with rising operating costs were reasons for the increase in fares…

Four easy ways to spot bad neighbours before buying an HDB Unit

1) Visit the property at different hours of the day – Nowadays, since many are WFH or having HBL, it’s a good idea to drop by in the mornings and afternoons to get a more accurate feel of…

In battle royal for SPH, Cuscaden is poised for victory

The battle royal for SPH seems to be coming to its conclusion with hotelier Ong Beng Seng-led Cuscaden Peak poised to clinch the property group with his sweetened offer of up to $2.40 per SPH share. Cuscaden has…

Are higher floor units better in terms of profitability? We look at 3,569 transactions

Increasingly, tall buildings are being regarded as a sign of luxurious accommodation. It’s commonplace that the higher up you go the more money you’d have to pay. This is why the conventional wisdom and sales pitches from property…

Cuscaden Peak’s offer of up to $2.40 a share now superior to Keppel’s: SPH

The shareholders of SPH now have to choose whether to accept Keppel Corp’s revised offer of $2.351 a share, or the improved offer of up to $2.40 a share from the consortium led by hotelier Ong Beng Seng,…

Singapore still an attractive global investment hub, but lacks element of fun: GIC top exec

The Republic remains an attractive hub for global investments, but lacks an element of fun to draw a greater variety of market participants and raise the city’s brand as the place to be, said GIC deputy group CIO…

S’pore trying very hard to avoid start-stops in Covid-19 measures: Lawrence Wong

As much as Singapore has tried to avoid a “start-stop” approach in tackling Covid-19, the country still had to make constant adjustments to prevailing measures, said Finance Minister Lawrence Wong on Mon. “We understand that it is not…

Fire breaks out in Jurong West flat while family is out celebrating daughter’s wedding

A night of celebration turned sour for a family when their flat in Jurong West St 24 caught fire on Sun night while they were at their daughter’s wedding. Firefighters had to force their way into the five-room…

Man picks python up with bare hands in Woodlands, horrifying bystanders

A man was seen picking up a python with his bare hands on Fri night – a move that has been slammed by Acres. Stomp contributor Thajudeen shared a video of the incident that occurred outside Admiralty Park…

2,069 new COVID cases, 8 more deaths in Singapore

MOH on Mon confirmed 2,069 new COVID-19 cases in Singapore – bringing the country’s total case count to 239,272 – as well as eight deaths. Mon comes a day after Singapore recorded less than 2,000 cases, the first…

Talks to renew Singapore Grand Prix contract ongoing: Iswaran

Singapore is currently in discussions with F1 and the Singapore Grand Prix (GP) for a new term of the F1 race in the city-state, said Transport Minister S Iswaran on Mon. “We all recognise that events such as…

3,000 migrant workers in dorms allowed to go out each day from 3 Dec: MOH

With 98 per cent of migrant workers residing in dormitories fully vaccinated, some 3,000 of them will soon be allowed to go out each day, for up to eight hours each time, said the MTF on Mon. From…

Up to five household members can dine together at some hawker centres by end-November

Fully vaccinated members of the same household will soon be able to dine together in groups of up to five at some hawker centres. The first group of hawker centres is expected to put in place access control…

Singapore’s new private home sales rebound to grow 9% in October

Sales of new private homes in Singapore rose nearly 9 per cent in Oct, rebounding from two months of decline. Excluding ECs, developers sold 909 private homes last month, up from 834 in Sept, according to data released…

COVID-19 safety limits eased for selected MICE, performance and sporting events

Capacity limits and zoning requirements for selected MICE, performance and spectator sports events will be eased from Mon under a pilot scheme, announced the MTF. The ministry had earlier announced the intention to pilot greater allowances for activities…

Food delivery rider admits causing elderly man to suffer stroke, brain haemorrhage after 2019 collision on footpath

A 35-year-old food delivery rider pleaded guilty on Mon to causing an elderly man to suffer a stroke and undergo emergency life-saving surgery when he collided his escooter into the pedestrian in 2019. Tian Wei Jie, who was…

Kaws:Holiday exhibition to open on Nov 16 after court lifts injunction order

The Kaws:Holiday Singapore exhibition at The Float@Marina Bay will go ahead on Tues after a court lifted an injunction that had earlier prevented the art exhibition from proceeding, its organisers said on Mon. The Hong Kong-based organisers AllRightsReserved…

Singapore to open vaccinated travel lanes with India, Indonesia

Singapore will allow quarantine-free travel for fully-vaccinated people from five more countries, including Indonesia and Saudi Arabia, as the island-city presses on with its plans to reopen its borders and restore its status as a travel hub. Innoculated…

Talks underway to reopen Singapore-Malaysia land border in a few weeks’ time

The land border between Singapore and Malaysia might reopen in a few weeks’ time under a “VTL-like arrangement”, said trade and industry minister Gan Kim Yong. Discussions with Malaysia, are going on well, he added. “Singapore and Malaysia…

Ascendas REIT to jointly develop 1 Science Park Drive with CapitaLand Development for $883 mil

Ascendas REIT will redevelop 1 Science Drive in a JV with CapitaLand Development (CLD), with a total cost estimated at $883 million. The process will start with A-Reit selling the asset into a JV for $103 million, which…

Schneider Electric study: Only 4 in 10 organizations in Singapore have a climate action plan

A new study by Schneider Electric has found that only 40% of companies in Singapore have a climate action plan that addresses climate risk. This is despite all businesses and 82% of Singapore consumers saying they were affected…

New projects on AXA Tower, PIL Building sites set to yield more office space

The redevelopment of ageing office properties in CBD may not necessarily lead to shrinkage of office space in the district in the mid to long-term, contrary to what some market observers expect. This is reflected in details from…

Cuscaden ups offer for SPH to $2.40 per share, enters into implementation agreement with SPH

Cuscaden Peak has raised its offer for SPH to $2.40 per share, 14.3% higher than its original offer of $2.10 made on Oct 29. Both parties have entered into an implementation agreement to privatise SPH via a scheme…

S’pore will continue strengthening global trade connectivity to solidify position as business hub: Gan Kim Yong

Singapore will continue to focus on a long-term strategy of extending and deepening its trade connectivity globally to entrench its position as a business hub, MTI Trade and Industry Minister Gan Kim Yong said on Mon. Its 26…

Here to stay: What will S’pore malls of the future look like?

Jem was just one more big mall with the usual mix of shops and food outlets when it opened in 2013 but it has undergone a transformation over the past few years and now boasts a far quirkier…

NTU team finds way to convert waste residue into building materials

Researchers from NTU have found a way to turn trash into resources – using ash generated from its waste treatment facility to capture carbon emissions and convert them into, for example, construction materials. The project was one of…

Animal detection system to be developed for Rifle Range Road in 2022

A roadway animal detection system will be developed for Rifle Range Road from the first half of next year, making it the second road in Singapore after Old Upper Thomson Road to have one. Making the announcement on…

CPF rules, being close to family among reasons for upgrading to condos

School support staff member Nabisah Abdul Kadir decided to bite the bullet and upgrade to a new condo just one year before she hits 55, an age when additional restrictions on CPF withdrawals kick in. Madam Nabisah, 54,…

More HDB upgraders buying condos as resale flat prices rise

More HDB upgraders are snapping up condominium units in a buoyant property market, spurred by resale flat prices climbing faster than those for private housing. The robust HDB resale market has enabled them to upgrade more easily to…

Adelphi mall escalator ‘jerk’ caused woman’s injuries: District judge

A district judge pinned all the blame for the injuries a visitor sustained after she fell while walking up a malfunctioning escalator on the MCST of a shopping and office complex. Mrs Vera Sandosham, 68, who bruised her…

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