Daily Archives: January 7, 2022 (16 Articles Found)

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Singapore COVID infection rate rises to 1.69, 777 new cases

MOH on Fri confirmed 777 new COVID-19 cases in Singapore, bringing the country’s total case count to 283,991. The weekly infection growth rate also rose to above 1 for the fourth consecutive day. The rate, or the ratio…

Top 10 best-selling condos in 2021 (ranked by take-up rate): Why are they so popular

1) One-North Eden – Launched for sales in Apr 2021 and has sold 98.8%. It was sold at an ASP of $1,989 psf; 2) The Reef at King’s Dock – Launched for sales in Jan 2021 and has…

Can a Singapore PR buy a landed property in Singapore?

If you’re wondering about a PR’s eligibility to buy landed property in Singapore, then you’ve come to the right article. The short answer is yes, but it’s subject to approval. A SPR can buy landed residential property in…

Keep an eye out for retail, office and hospitality S-REITs in 1QFY2022

Investors looking to invest in S-REITs should remain focused on the re-opening theme, such as retail, office and hospitality S-REITs in FY2022. This is as it continues to see favour in the new year, say DBS Group Research…

SPH REIT reports occupancy rate of 98.8% in 1QFY2022

The manager of SPH REIT has reported a high occupancy rate of 98.8% across its portfolio in the 1QFY2022 ended Nov. The REIT has also reported an improvement in its WALE to 5.5 years by NLA and 2.9…

Record $4.45 mil loss at Ritz-Carlton Residences

A 3,057 sqft, four-bedroom unit on the 25th floor at Ritz-Carlton Residences was sold for $11 million ($3,599 psf) on Dec 14 last year. The unit was purchased for $15.4 million ($5,053 psf) in Jan 2008. Thus, the…

JLL welcomes new head for Logistics and Industrial Capital Markets

JLL appointed Pamela Siow as its Head of Logistics and Industrial Capital Markets in Singapore. Responsibilities under the role include creating opportunities with new clients and reinforcing existing client relationships. “She will be pivotal in generating platform and…

MPs propose tiered carbon tax model, setting up academy for sustainability-related R&D to combat climate change

A group of MP will next week propose in Parliament a tiered carbon tax model and the setting up of an academy for sustainability-related R&D and training to help Singapore combat climate change. These proposals will be laid…

DWS, Hines poised to buy ramp-up industrial building for S$93.8m

German asset mgmt company DWS Group and Houston-based privately-owned global property investment firm Hines are understood to be teaming up to buy a 9-storey ramp-up light industrial building in Bukit Batok for S$93.8 million. Known as Bukit Batok…

Group size curbs should be retained given high transmissibility of Omicron variant, say experts

While the Covid-19 Omicron variant may be less severe than Delta, its sheer transmissibility will still pose a threat to hospital capacity, infectious disease experts told TODAY. Most agreed with the Government’s decision to retain the present group…

Chinatown roars into Chinese New Year with tiger light-up

Street lanterns in the shape of majestic tigers will give extra festive shine to Chinatown from Fri, in the run-up to CNY on Feb 1. The daily light-up will take place till Mar 2 from 7pm to midnight,…

Affected Bah Soon Pah plant nurseries and farms to get lease extension until May 31

Plant nursery and farm tenants in Bah Soon Pah Road, in Yishun, who originally had to vacate their plots by Dec 31 last year will now have until May 31 to do so. This will give them time…

Temasek Polytechnic unveils centre that focuses on sustainable building operations

A few months after starting work, architectural assistant Sara Tan, 23, went back to her alma mater, TP, to pick up software skills. She has been training at the Integrative Built Environment Centre (IBEC), which is a new…

26 caught riding e-bikes, e-scooters without mandatory theory test certificate in first six days of enforcement: LTA

Twenty-six people have been caught riding escooters or ebikes without first passing a mandatory theory test since the start of this year, LTA said on Fri. Of this number, 20 were users of PABs with some caught riding…

How might an Omicron wave develop in Singapore? Vaccinations, safety measures may ‘wear impact’

A wave of COVID-19 infections from the Delta variant subsided late last year, but the emergence of Omicron has led to a surge in cases worldwide. So will Singapore see its healthcare system strained again and possible restrictions…

Chute choked up at Canberra Crescent blocks due to ‘refuse collection problem’

Lurking cockroaches and used face masks among foul-smelling trash spilling out of rubbish chutes that were backed up to the third floor greeted some residents living in Canberra Crescent at their common corridors earlier this week. A SBTC…

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