Daily Archives: January 10, 2022 (27 Articles Found)

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10 features favoured by LGBTQ+ home seekers and the related pitfalls they need to be careful of

Think of Greenwich Village in New York City, West Hollywood in Los Angeles, Castro in San Francisco, Newton in Sydney, and Le Marais in Paris. What do these cities have in common? They are all well known ‘gay…

750 new COVID-19 cases in Singapore; 389 Omicron infections confirmed

Singapore reported 750 new COVID-19 cases as of noon on Mon, including 487 imported infections. There were no fatalities, and the death toll from coronavirus complications remains at 838, according to the latest infection statistics on MOH’s website.…

Impact of Covid-19 on delay of expansion plans of MBS, RWS still unclear: Alvin Tan

The extent to which the expansion of Singapore’s IRs will be delayed remains unclear as the Covid-19 situation is still evolving, said Minister of State for MTI Alvin Tan. Giving an update on the IRs in Parliament on…

Renewable energy may be hotly touted now but investors should do due diligence

Singapore has repositioned itself as a hub for renewable energy and green financing as the world transitions away from fossil fuels. But does the move mean green lights for investors to pile in at full tilt? Since the…

CDLHT, FEHT to see improved results going into 2022

A report published by UOB Kay Hian’s Jonathan Koh revealed positive ratings for both City Developments Hospitality Trusts (CDLHT) and Far East Hospitality Trust (FEHT). On the side of CDHL, W Hotel experienced a boost due to staycation…

REITS recovery to push through despite Omicron threat: UOB

Singapore’s REITS will continue to recover but may encounter delays, according to a report by UOB KayHian. UOB KayHian’s Jonathan Koh, CFA, said Singapore’s open borders and high vaccination rates will help in the recovery. Currently, the Singapore…

ESR-REIT divests 28 Senoko Drive for $12 mil

The manager of ESR-REIT has divested 28 Senoko Drive, a single-storey general industrial building, for a sale consideration of $12.0 million. The REIT entered into an agreement with Tat Seng Packaging on Jan 10. The divestment of the…

Singapore’s industrial sector to continue growth in 2022: Knight Frank

Singapore’s industrial sector is set to continue its growth this year, with investment activity likely to be driven by end-users looking for manufacturing facilities and Grade A warehouses with high quality specifications that meet growing supply chain demand,…

Families to have priority for new prime location HDB flats, to keep flats affordable

The Prime Location Public Housing (PLH) model will give priority to Singaporean families who may need more space because they have bigger households, MND said on Mon. The ministry iterated on Mon that singles who can form a…

Singapore aims for quarantine-free travel for all vaccinated travellers: Iswaran

Singapore intends to continue gradually reopening its borders, and has plans to restore quarantine-free travel with more countries and regions, said Minister for Transport S Iswaran. Though the government had moved to place curbs on the VTLs in…

MCT-MNACT merger makes most sense when viewed from perspective of Mapletree Investments

After digesting the proposed merger of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) over the past week, the verdict from the market seems clear: MCT has lost 8.5 per cent of its market value…

Co-living providers look to higher demand

Co-living providers anticipate higher demand in 2022 after a sanguine 2021, with more VTLs expected to open up and more expats as well as locals return to Singapore. For Hmlet, which has been operating and managing co-living properties…

Built environment industry has reason to be optimistic in its outlook

Several developments in the built environment industry have given us some reason to be cautiously optimistic about the outlook in the new year. For one thing, the VTL that was established between Malaysia and Singapore recently has facilitated…

About 2,600 Omicron infections imported into Singapore so far: S Iswaran

About 2,600 Omicron infections have been imported into Singapore so far, Transport Minister S Iswaran told Parliament on Mon. They account for 60 per cent of the 4,322 Omicron infections recorded in Singapore. The total figure was provided…

mm2’s agreement relating to proposed merger with Golden Village cinemas has lapsed

The long stop date of the Heads of Agreement related to the proposed merger of mm2 Asia’s cinemas business with GV cinemas in Singapore has lapsed. This comes after one or more conditions under the agreement were not…

Singapore hopes to ride through Omicron wave with measures tightened only as ‘last resort’

The current COVID-19 measures will only be tightened as a “last resort” when Singapore’s healthcare system is under heavy strain, said Health Minister Ong Ye Kung in Parliament on Mon. “It is the (MTF’s) hope that we can…

Orchid that was presumed extinct, new liverwort species among plant discoveries recorded in 2021

A small ground orchid that was presumed extinct in Singapore and a species of liverwort that is “new to science” were among the botanical discoveries recorded in the country in 2021, NParks said on Mon. A total of…

Retail property outlook: Can malls woo digital shoppers with experiences they can’t find online?

Avid shopper Kelly Chiew has not been to a bricks-and-mortar mall in two years. The 28-year-old buys everything online – from everyday consumer goods to big ticket items including S$40,000 worth of renovation items. She is not alone.…

$30 million in rebates given out last year under EV early adoption incentive scheme

About $30 million in rebates were doled out last year to encourage car and taxi owners to switch to EVs, said Transport Minister S. Iswaran on Mon. A total of 1,636 electric cars and taxis registered in 2021…

Average of 560 yearly serious accidents involve cyclists on roads

An average of about 560 serious accidents involving cyclists on roads have been recorded yearly in the past five years. Meanwhile, the average number of serious accidents yearly on park connectors and cycling paths stands at about 90,…

Singapore must choose whether to impose restrictions for all, or only for unvaccinated

As Singapore braces itself for a new Covid-19 wave driven by the Omicron variant, it must choose whether to tighten social restrictions for everyone – or only for those who are more likely to strain the healthcare system.…

Four more pre-schools to be set up in Sengkang by end-2022 to meet demand

Sengkang will have four new pre-schools by the year end, with an additional 60 infant care and 400 childcare places on offer, said MSF on Mon. In a written reply to Mr Louis Chua (Sengkang GRC), it said…

Unvaccinated Covid-19 patients take up disproportionate amount of medical resources, put strain on healthcare system: Rahayu Mahzam

Two-thirds of patients admitted into ICUs following the surge of infections from the Delta coronavirus strain last year were unvaccinated or partially unvaccinated against Covid-19, Ms Rahayu Mahzam said. The Parliamentary Secretary for MOH said on Mon that…

No plans for vaccination-differentiated measures for kids aged 12 and below: MOH

The Government has no plans to introduce infection controls tied to vaccination status for children aged 12 and below, Minister of Health Ong Ye Kung said on Mon. He was speaking in Parliament in response to questions from…

Ride the green momentum with electric vehicles and sustainable investments

EVs have increasingly dominated headlines and you can now frequently spot such vehicles on Singapore roads. The Government is also accelerating EV infrastructure and aims to phase out ICE vehicles and have all vehicles run on cleaner energy…

Drink vending machines needed at Park Connector Network

During the school holidays, I went on regular cycling trips to explore Singapore through the PCN. This network has given cyclists like me a much safer alternative to road cycling. I commend NParks for building an extremely connected…

Consider price moderation mechanisms between rounds of property cooling measures

The latest round of cooling measures is an effective way to counter the buoyancy of the private residential market. However, after a period of time, the impact of cooling measures seems to taper off, and a new round…

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