Daily Archives: January 6, 2022 (26 Articles Found)

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With products in 40% of commercial buildings here, Johnson Controls cuts emissions through greening

Already under pressure from Covid-19 and related manpower shortages, the built environment sector must also contend with rising calls for green buildings and certifications. How can the construction sector, which accounted for 2.7% of Singapore’s nominal GDP last…

All S-REITs are equally good investments … Really?

Investments can be generally graded on a scale from worst to great investments. There are good investments and there are better investments. REITs are generally perceived as an attractive investment option for yield-hungry investors. S-REITs in particular offer…

The pros and cons of an MCT-MNACT merger

On Jan 3 and 4, the first two trading sessions following the announcement that Mapletree Commercial Trust’s (MCT) and Mapletree North Asia Commercial Trust (MNACT) planned a merger to create Mapletree Pan Asia Commercial Trust (MPACT), MCT’s unit…

Analysts see strategic positives from MCT and MNACT merger

Analysts are mixed on the prospects of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT), with some giving “buy” recommendations and others, “hold” recommendations”. That said, all agree that there are strategic positives from the…

SLB Development to report ‘significant increase’ in net profit for 1HFY22; Lian Beng Group expects lower performance

SLB Development, a subsidiary of Lian Beng Group, has issued a positive profit guidance for the 1HFY2022 ended Nov 30, 2021. In its guidance, SLB Development says the group is expected to report a “significant increase” in its…

Drone deliveries? 53% of S’poreans say they are interested

Delivery by drone proved to be popular in the Lion City, with five out of 10 Singaporeans showing interest, a study by the FIS Global revealed. Amongst the countries surveyed in FIS’ “Generation pay 2021 report: How the…

Brokers’ Take: Steep valuation discount of Singapore property plays ‘too good to ignore’, says DBS

With the latest property cooling measures, Singapore property players are currently trading at steep discounts, said DBS Group Research, which recommends that investors accumulate on the price weakness, because it believes that the market has already priced in…

Ensure lift lobbies near handicap parking spaces remain open despite Covid-19 measures

A handicap parking label lets a driver park in a larger space for easier boarding and alighting from a vehicle, and which is closer to building entrances for easier access. This is why handicap parking spaces are usually…

Pool for rent? Condo residents in Punggol voice concern over ad on swimming lessons

Residents at The Terrace in Punggol have voiced concerns that their EC’s pool is being rented out to use for swimming lessons, reported Shin Min Daily News on Thurs. In a now-deleted post that was originally shared on…

Millennial sweethearts found 5-room dream resale HDB after two failed BTO applications

What originally started as an entertainment pastime during the Covid-19 circuit breaker period in 2020 became a reality for this young couple. Upset at being separated for a prolonged period, Wesley Foong and Angelina Poon, 26, decided to…

4 reasons why Alexandra may just be the next hottest BTO launch site

1) Highly accessible by public transport – It’s an estimated eight to 10-minute walk to Redhill MRT station. This is on the EWL, and it’s four stops to Holland Village and four stops (direct) to Raffles Place MRT.…

813 new COVID-19 cases in Singapore; 365 Omicron infections confirmed

Singapore reported 813 new COVID-19 cases as of noon on Thurs, including 390 imported infections. There was one fatality, taking the country’s death toll from coronavirus complications to 835, according to the latest infection statistics on MOH’s website.…

Singapore real estate investment in 2021 totals $25.8 billion, up 5.3% y-o-y

According to the latest quarterly investment report by Knight Frank Singapore, the last quarter of 2021 raked in $7.3 billion worth of real estate investment volume. This brought the total investment volume for the entire year to $25.8…

Detached home on Sentosa Cove’s Sandy Island for sale at $11 mil

A 2 ½-storey detached house at 12 Sandy Island in Sentosa Cove has been put up for sale via private treaty. The house, one of 18 on Sandy Island, was first put up for auction in Oct last…

Huttons Asia claims its place among the Big Three agencies

In early 2021, Huttons Asia had 3,211 agents. Mark Yip, CEO of the homegrown agency, had set a target of 4,000 agents by the end of the year. By Jan 3, 2022, the number of agents at Huttons…

PropNex bulks up, ready to seize bigger market share

PropNex, Singapore’s biggest agency by headcount, scored another coup on New Year’s Day with its latest tally of 10,798 agents, based on CEA public register. Over the past 12 months, 1,880 agents have joined the firm, says Ismail…

Robot parade: NUS students try out self-driving scooter, golf carts on campus

NUS students on Thurs had a glimpse of Singapore’s possible transport future, finding themselves trundling alongside self-driving golf carts and devices such as a scooter. The autonomous devices hummed slowly by or manoeuvred out of their way on…

Migrant worker jailed, fined for role in running illegal dormitory that caught fire in 2015

A construction worker who was involved in the running of an illegal dormitory that caught fire in 2015 was jailed for two weeks and fined $24,000 on Thurs. Raihan Jahir pleaded guilty on Tues to three charges that…

Record 261 million-dollar HDB flats in 2021; resale prices rise in December as volume dips

The number of million-dollar HDB flats tripled last year and resale prices climbed for the 18th straight month as new property cooling measures kicked in at the tail end of 2021. HDB resale prices rose 0.8 per cent…

Reits should give retail investors bigger bite in IPOs and placements

Last year began as a fairly quiet year for new listings of Reits on the local bourse. But it ended with a bang as Digital Core Reit (DC Reit) made its trading debut on Dec 6, 2021. On…

Aggrieved Laguna noteholders to launch class-action suit against Peter Kwee this month

Over 200 aggrieved debenture holders and pioneer members of the Laguna National golf club have raised about S$1.1 million to launch a collective action suit against the club and its owner Peter Kwee. Lim How Teck, who chairs…

5 weeks’ jail for student who left hotel twice for dinner, movie while on stay-home notice

A student who returned from US last year and had to serve a 14-day SHN sneaked out of his hotel twice to have dinner and watch a movie with his friend. He also asked to be taken to…

A high price to pay for some unvaccinated workers, ahead of new rule barring them from workplaces

Barely a day after the Government announced late last month that unvaccinated employees will be barred from their workplaces from Jan 15 even with a negative Covid-19 test result, Mr Syuk, the 37-year-old contract worker was informed by…

Environmental milestones to be showcased for MSE’s 50th anniversary

We thank Mr Andrew Seow for remembering our ministry’s 50th anniversary and his kind words on the ministry’s work. Singapore has indeed come a long way since the inception of the ministry in 1972. We were one of…

Make people pay for roadside parking permit

I refer to the Forum letters regarding cars parking along the roads in private housing estates. In many cases, the private homes have driveways, but owners would rather park their cars along the road, causing obstruction. I attribute…

40 evacuated after corridor fire in Jurong West block

A fire broke out at Blk 534 Jurong West St 52 on Tues evening. SCDF told Stomp that they were alerted to the fire, which involved items along the common area on the second floor, at around 6.10pm.…

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