Daily Archives: January 14, 2022 (26 Articles Found)

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Do not agree to an en-bloc sale until you read these 5 factors

1) Work out the cost of a replacement home, with current prices and financing restrictions – An en-bloc sale during a property peak is a tricky prospect: while you can sell high, you’ll also have to buy high;…

Over 65% of 832 additional Omicron cases in Singapore local

MOH on Fri confirmed 832 more Omicron cases among past reported infections, of whom over 65 per cent – or 543 – are local infections. The weekly infection growth rate further dipped from Thurs’ recorded 1.43 to 1.38…

SLB more than doubles earnings of $12.0 mil in 1HFY2022

SLB Development Ltd has reported earnings of $12.0 million in the 1HFY2022 ended Nov 30, 2021, more than two times the earnings of $5.5 million in the same period the year before. EPS for the period stood 116.4%…

Lian Beng Group reports 15.5% lower earnings of $14.9 mil in 1HFY2022

Homegrown building construction and property development company Lian Beng Group has reported earnings of $14.9 million in the 1HFY2022 ended Nov 30, 2021, 15.5% lower than earnings of $17.6 million during the same period the year before. The…

Cairnhill conservation terrace: Old world charm, enduring treasure

David Tan, chairman of TID Associates, one of Singapore’s oldest interior design firms, had always wanted to experience “walking on water”. To create that effect at his home at 114 Cairnhill Road, Rene Tan, co-founder of RT+Q Architects,…

Single-storey GCB on Stevens Road going for $37 mil

A single-storey Good Class Bungalow (GCB) along Stevens Road is on the market for $37 million. It sits on an 11,047 sqft corner plot and the asking price translates to about $3,350 psf on the land area. The…

Four-bedroom unit at Goldenhill Park rakes in $1.67 mil profit

The sale of a 1,539 sqft, four-bedroom unit at Goldenhill Park Condominium was the most profitable resale transaction recorded during the week of Dec 28, 2021, to Jan 4, 2022. The unit fetched $2.75 million ($1,787 psf) on…

How data can fuel Singapore’s net-zero building ambitions

The built environment contributes to 39 per cent of the world’s energy-related carbon emissions worldwide and the sector is coming under increasing pressure to advance its sustainability agenda. But do building managers have the right resources to lower…

Three in five households recycled regularly: NEA survey

While three in five households reported that they recycled regularly and that most knew what items could be placed in recycling bins, households were less aware of items that should not be deposited for recycling, NEA said on…

Thaipusam 2022: Devotees to be allowed to worship in groups of five

Devotees will be able to worship in groups of five at this year’s Thaipusam festivities which falls on Tues, although entry is limited to those who are fully vaccinated. Those who are medically ineligible for Covid-19 vaccines under…

Private residential market to start slow in 2022, fewer upcoming launches: analysts

The private residential market is likely to start the year on a quiet note as developers wait until after CNY to market their properties, analysts say. This seasonal lull also gives developers a chance to “wait and see”…

SMF calls for government support in sustainability practices

SMF would like Budget 2022 to provide more funding for firms to adopt sustainable practices, among other suggestions in a wish list submitted to MOF. Green solutions and sustainable practices could mean higher business costs, said SMF, citing…

Singapore’s agri-tech sector will add 4,700 jobs by 2030; new scheme launched to retrain mid-career workers for industry

Singapore’s high-tech agriculture sector is tipped to create about 4,700 jobs by 2030, with 7 in 10 roles for PMETs or skilled labourers. And 100 job seekers are expected to make the switch into agri-tech in the next…

Mass exodus of property agents sees OrangeTee & Tie dropped from top three biggest agencies

The poaching battle among real estate firms to expand their sales forces amid the sizzling hot property market last year has sent one high-profile agency tumbling out of the top three ranking. OTT was ranked the third-largest agency…

Recycling bins to be given to each household to raise domestic recycling rate

NEA is stepping up a gear to nudge people to speed up their recycling pace, working with public waste collectors to distribute a recycling bin to each household in 2022. The hope is that “these bins will make…

CapitaLand launches 79 Robinson Road office building with sustainability and smart features

CapitaLand on Fri launched its landmark 29-storey Grade A office building, 79 Robinson Road, which is located in the heart of CBD. Built on the site of the former CPF Building, the prime office development comes with smart…

Singapore residents treated to vibrant sunset to welcome the weekend

Singapore residents were treated to a vibrant display of sunset colours as the weekend kicked off. Netizens posted images of bright orange streaks and wavy clouds across the sky on Fri evening from places such as HarbourFront, Ang…

Four big questions as Singapore prepares for the next pandemic: Ong Ye Kung

As Singapore prepares for the next pandemic, it will have to keep four big questions in mind, said Health Minister Ong Ye Kung on Fri. First, there is the speed at which a disease spreads. Next, there is…

Look into traffic congestion happening outside schools

The incident outside Red Swastika School involving a Bentley driver highlighted two issues. First, people with a strong sense of entitlement who refuse to follow the law should be taken off the road to keep the public safe.…

NTUC has studied possibility of operating retirement homes but found it not financially viable

We thank Mr Sum Kam Weng for his suggestion in “NTUC could build, operate large-scale retirement homes” (Jan 12). Over the years, NTUC Enterprise and NTUC Health have studied the possibility of building and operating retirement homes. However,…

Condo’s smoking ban drives residents to smoke near my home instead

My house is next to a condominium, and since the pandemic began, there have been many residents smoking, chatting and using their mobile phones less than 5m from my gate. I have asked the residents why they are…

Home buyers adopt wait-and-see approach after roll-out of property cooling measures

Home hunters are now on the prowl for cheaper buys after property cooling measures were rolled out by the authorities last month. Take the case of car dealer Jerome Pang, who has sold his three-room HDB flat in…

Well-being of security officers must be protected

I was upset to read about the errant driver who endangered the safety of a security officer with his car in front of a school gate. A more pertinent observation is how security officers here are trained to…

Market stand-off: Buyers, sellers keep watch on impact of property curbs

The latest cooling measures may have unnerved many buyers, but PropNex agents Leng Kar Yee and Joy Shi have been clocking condominium sales at projects like Normanton Park and Verdale. Many of their clients are failed BTO flat…

Abandoning trolleys symptomatic of bigger societal issue

While I do agree with the writers that there could be a reward and punishment system in place to ensure that people return the trolleys and deter errant customers, I believe there is a bigger societal issue here.…

Singapore – lessons from the rise and fall of great cities

I will start by recounting the stories of a few great cities – past and present. I will then draw out key lessons from these cities, and talk about their implications for Singapore, both our present and our…

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