Stories By: The Business Times (2,321 Articles Found)

April 5, 2021

Solar vision: Why it’s not all sunshine and roses for Singapore’s solar energy plans

April 3, 2021

UIC proposes name change to Singapore Land in group-wide refresh

April 2, 2021

Hmlet lays off about 20% more staff amid financial woes

Analysts flag higher odds of cooling measures as Singapore private home prices rise for fourth straight quarter

Green buildings facing frothy valuations in ESG push: SMU-Mapletree panel

Jurong Innovation District to bring jobs and innovation: Tan See Leng

An appetite for luxury

Allure of condo living stimulates demand for mass market homes

Good Class Bungalows – tracking the wealth of a nation

Rekindling of residential en bloc sales in 2021?

Pandemic-fuelled demand drives EC prices to record high

Residential hotspots: Districts shaping up to be interesting investment bets

The future for offices in Singapore

Banks to cease issuance of SOR derivatives and Sibor-linked financial products by Sept

Singapore bank lending up 0.5% in February: MAS data

Nanofilm to purchase property in Tai Seng Drive for S$30.38m

Nanofilm Technologies on Fri said that it has exercised an OTP to buy a property along Tai Seng Drive for S$30.38 million. A check on property portal 99.co revealed that the property, at No. 11 along the road,…

April 9, 2021

Four shophouses in districts 1 and 2 put on the market

Four shophouses in CBD, including two at Tanjong Pagar, one at Telok Ayer and another at Pagoda St, have been put up for sale by ERA. All four are zoned for commercial use. The newly renovated conservation shophouse…

April 9, 2021

Lendlease appoints new Asia chief executive based in Singapore

Sydney-based Lendlease, which manages Singapore-listed Lendlease Global Commercial Reit, has appointed Justin Gabbani as its Asia CEO, effective June 1. Based in Singapore, Mr Gabbani will take over from Tony Lombardo, who was appointed group CEO designate in…

April 8, 2021

Parcel locker network: private or government-owned?

Singapore’s nationwide parcel locker network is set to be owned and operated by the government entity Pick Network, with 1,000 locker stations expected in HDB estates, transport nodes and community centres by end-2021. Ahead of this, some questions…

April 8, 2021

Will office assets continue to pique investor interest?

The slump in office prices in the Central Area outpaced the decline in rents last year, likely due to the pandemic-linked uncertainties plaguing the office market. While prices and rents for offices have moved in the same direction…

April 8, 2021

Chip Eng Seng unit to sell 2 shophouses in Tanjong Pagar for S$10.7m

A subsidiary of property developer Chip Eng Seng Corp is set to sell two conservation shophouses along Tanjong Pagar Road and three units of shophouses along Geylang Road, the company said on Wed. CES Capital Holdings entered into…

‘Even with money, you can’t source for anything’: Surbana Jurong CEO

It was a problem that having money alone could not solve. Rather, time was of the essence for Surbana Jurong (SJ), the consultancy firm given the mammoth task of converting the cavernous event halls at the Singapore Expo…

Hmlet: a hard lesson in hubris

Reality has set in for co-living operator Hmlet. An overly rapid expansion, a cash crunch and a mgmt exodus have forced the company to rethink its lofty ambitions. Its US-listed, China-based peers, which have experienced similar falls from…

Taiwanese family wants them all in S$293m Draycott deal

The Tsai family of Taiwan behind snack food giant Want Want China Holdings is the party that has bought all 20 units at the completed freehold luxe development, Eden, at 2 Draycott Park. The S$293 million transaction involves…

No award of tender for Plot 7 Jalan Papan industrial site: JTC

JTC announced on Tues that the tender for an industrial site at Jalan Papan, Plot 7, will not be awarded because the highest bid was below the reserve price. The tender for the site was launched on Dec…

URA extends Jalan Anak Bukit site’s tender deadline to June 29

The tender for the commercial and residential site along Jalan Anak Bukit, near Beauty World MRT station, will now close on June 29, 2021. This is due to a new requirement for a centralised cooling system to serve…

Singa preserves principle of chronological fairness

In some other countries, the idea of borrowing to fund public expenditure might not raise many eyebrows. In ever-cautious Singapore, however, the government is taking pains to stress the prudence and long-term logic of its decision to issue…

Singa infrastructure bonds seen soon, with strict safeguards

An important step has been taken to allow the Singapore government to issue new infrastructure bonds to fund major public projects, subject to a strict framework. To ensure that proceeds are used responsibly and sustainably, the Significant Infrastructure…

Efforts taken to ramp up manpower supply for construction sector

There have been about 1,100 notifications for relief for construction and supply contracts as of Mar 19 of which about 180, or about 10 per cent, eventually applied for assessor’s determination. Speaking in Parliament on Mon, Minister of…

IMDA’s Pick Network not intended to stifle competition in parcel locker sector: Sim Ann

Pick Network, the government-owned entity that will operate upcoming parcel-locker network, was not created to stifle competition among private-sector parcel-locker operators, Senior Minister of State for MCI Sim Ann told Parliament on Mon. Addressing concerns that Pick could…

April 5, 2021

Solar vision: Why it’s not all sunshine and roses for Singapore’s solar energy plans

Dutchman Edgare Kerkwijk must be “walking on sunshine”. His solar business, to use his own words, is going “gangbusters” and his phone has been blowing up. “Every time one of the ministers says something about green energy, we…

April 3, 2021

UIC proposes name change to Singapore Land in group-wide refresh

The proposed name change of UIC to Singapore Land Group is more than a cosmetic change, says COO Jonathan Eu. The real estate developer also has plans to rejuvenate and gentrify its aged office portfolio, as well as…

April 2, 2021

Hmlet lays off about 20% more staff amid financial woes

Co-living startup Hmlet on Thurs laid off more than 20 employees in middle- and upper-mgmt roles to cut costs amid financial woes, BT has learnt. This represents about 20 per cent of its headcount. Staff across most departments…

Analysts flag higher odds of cooling measures as Singapore private home prices rise for fourth straight quarter

The odds of a fresh round of cooling measures have been dialled up a notch, with private home prices in Singapore in Q1 rising for a fourth straight quarter. Singapore private home prices rose 2.9 per cent in…

Green buildings facing frothy valuations in ESG push: SMU-Mapletree panel

Valuations of green assets could get frothier in the short run, said panellists at Mapletree Investments’ annual lecture at SMU. Investment flows are chasing ESG assets, and pushing valuations up, said Stijn Van Nieuwerburgh, professor of real estate…

Jurong Innovation District to bring jobs and innovation: Tan See Leng

Over the next 18 months, JID is expected to account for 4,500 jobs, with 1,200 being new and 3,300 being existing workers relocating into the area, said Second Minister for MTI Tan See Leng during his visit to…

An appetite for luxury

Desirable condominiums capture not only the amenities and features a buyer wants in the home, but also the atmosphere and personality the buyer wants in an ideal lifestyle. This is especially true for luxury apartments. In recent years,…

Allure of condo living stimulates demand for mass market homes

By and large, Singaporeans’ dream of owning and living in a private residential property remains very much intact despite the pandemic and economic downturn – as reflected by the healthy private new home sales in 2020. Developers sold…

Good Class Bungalows – tracking the wealth of a nation

Daily conversations about property prices have often concentrated on the non-landed segment of the market with occasional talk about landed properties – and even then, it usually centres on terraces. Very seldom does one hear of GCBs being…

Rekindling of residential en bloc sales in 2021?

The last residential en bloc sales boom from 2017 to mid-2018 remains fresh in our minds, so it may be a surprise to many to hear of a possible revival in this market after only a few short…

Pandemic-fuelled demand drives EC prices to record high

Real estate markets have been booming globally amid the macroeconomic headwinds and market uncertainties. As a prominent property hotspot, Singapore has similarly seen a sales rebound for both the private and public housing sectors.The strong buying momentum, coupled…

Residential hotspots: Districts shaping up to be interesting investment bets

Notwithstanding the cloud of uncertainty induced by the Covid-19 pandemic, the primary residential market has seen strong interest from homebuyers and investors, buoyed by positive sentiment, abundant liquidity, and low interest rates. A prudent investment strategy should encompass…

The future for offices in Singapore

At the onset of the Covid-19 outbreak, safe distancing and circuit breaker measures necessitated the implementation of flexible working arrangements. Even when Singapore transitioned to phase three of reopening, most firms have been adopting a hybrid approach that…

Banks to cease issuance of SOR derivatives and Sibor-linked financial products by Sept

FIs will have to cease the use of SOR in new derivatives contracts by end-Sept 2021, in a freshly announced timeline to further push the industry towards Sora as the main interest rate benchmark. On Wed, the Steering…

Singapore bank lending up 0.5% in February: MAS data

Singapore’s bank lending rose for the fourth straight month in Feb on continued growth in housing and construction loans, data from MAS showed on Wed. Loans through the domestic banking unit – which captures lending in all currencies,…