Stories By: The Business Times (2,706 Articles Found)

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GuocoLand opts for innovation

For Singapore developers without a legacy landbank, the concept of buying land at a low price and selling the project on it at a high price is no longer relevant given the surfeit of liquidity fuelling competition for…

Over S$200m in rent support to be doled out to 35,800 tenants, owner-occupiers

More than 35,800 tenants and owner-occupiers will receive their second RSS payouts a month early, starting from Sept 22. The latest round of payouts total more than S$200 million, Iras and MOF said on Fri. Eligible tenants and…

New solutions are needed for more sustainable food: Grace Fu

The need for sustainable food production has “never been more urgent”, and new solutions are needed to drive this, said MSE Minister Grace Fu on Fri. She noted that the topic of food security came into greater focus…

Community spaces in mixed-use projects are great, but who pays?

With developers incorporating greenery and community spaces in upcoming mixed-use developments, the question begs to be asked – who ultimately foots the bill for such features? Notably, Far East Organization and sister company Sino Group recently snagged the…

NTUC LearningHub launches agri-tech training space to groom workforce

NTUC LearningHub launched its first agri-tech training space on Thurs to train workers and to address the “pressing issues of employability for the sector and Singapore’s food resilience”. The Agritech Lab @ Benoi, which spans over 3,200 sqft,…

Analysts see hope for some S-Reits excluded from FTSE EPRA Nareit index series

As the excitement over the recent addition of 11 more S-Reits and property trusts to the FTSE EPRA Nareit Global Developed Index starts to die down, attention is turning to the smaller names that have failed to make…

MBS seeks deadline extension to deliver details on expansion plan

MBS has extended the deadline for it to deliver to its lenders certain details of the expansion of its integrated resort to March 31, 2022. Information on the quantity surveyor’s costs estimate and construction schedule for the expansion…

Two-week rental waiver framework passed in Parliament

The covid-19 (Temporary Measures) (Amendment No 4) Bill, which includes a rental waiver framework requiring private commercial landlords to provide two weeks of rental waiver, has been passed in a Parliament sitting on Tues. The framework is being…

High stakes on the table for Singapore’s integrated resorts

The two Singapore IRs reported better financial numbers for the first half of this year compared to a year ago, but the IRs are performing far below what they were doing prior to the onset of the Covid-19…

Many firms don’t fully understand role of chief sustainability officer nor do they staff it well, says expert

Thriving interest in ESG concerns and an ever-evolving reporting landscape have heightened the need for and the importance of a chief sustainability officer (CSO) within an organisation; yet, many companies – both small and large – still do…

Singapore new private home sales down 24% to 1,211 units in August

New private home sales slipped in Aug after hitting a six-month high the previous month. Based on caveats lodged, analysts estimated that developers in Singapore sold 1,211 new private homes in Aug, down 23.8 per cent from July’s…

61 Robinson purchased by homegrown private equity group

A 20-storey office building at 61 Robinson Road that is nearing the completion of a revamp, is changing hands at S$422 million. A fund managed by ARA Private Funds, part of ARA Asset Mgmt, is selling the property,…

Private commercial landlords to give two weeks of mandatory rental waiver: MinLaw

Private commercial landlords in Singapore will be required to provide two weeks of rental waiver to qualifying tenants under the new Rental Waiver Framework tabled in Parliament on Mon. As part of the Covid-19 (Temporary Measures) (Amendment No…

CBD offices filling back up, but hybrid work may be here to stay

As Singapore treads lightly in its transit to endemic Covid-19, the Republic’s CBD is starting to show signs of life once again. Companies are embracing a hybrid working arrangement – albeit cautiously. Since the easing of WFH regulations…

Tuan Sing banks on building ecosystems

The Covid-19 pandemic is reshaping where people live, work and play, raising the profile of mixed-used developments and the ecosystems they create. Tuan Sing fostering ecosystems is a recurring theme at its development projects at home and abroad…

Make more Covid-19 calculations public to allay fears, uncertainty

Fri brought a literal insight into the calculations of the government’s MTF, as Health Minister Ong Ye Kung laid out what this exponential phase of cases may mean. The figures serve not just to prepare the public for…

The changing profile of the Good Class Bungalow market

The market for Good Class Bungalows (GCBs) has been on a roll this year, with a surge in transactions and record prices being set. Over the decades, the profiles of buyers have changed in tandem with the transformation…

Ascott Residence Trust’s private placement priced at bottom end of price range

Ascott Residence Trust (ART) private placement closed about 2 times covered and was priced at the bottom end of its price range at 98.3 Singapore cents per new stapled security. It saw participation from new and existing institutional…

Straits Trading launches shareholders’ club, offering fractional investments in properties

With property likely to remain a preferred choice among investors for long-term wealth creation, The Straits Trading Company is looking to become a major player in the securitisation of real estate. In doing so, it also hopes to…

Ho Ching feels unlinked cases should still be reported. Should they, though?

Outgoing Temasek CEO Ho Ching is known to be quite vocal online, especially on FB, where she frequently puts up more than 50 posts in a single day — not all without commentary. Her latest comments on FB…

DBS’s reverse mortgage offer is a stab at unlocking the ‘asset-rich, cash-poor’ conundrum

The population is getting older. People are living longer. Some have insufficient retirement savings. Private home prices are rising. People are searching for more recurring income. Against this backdrop, DBS introduced a reverse mortgage offering – the Home…

Fragrance joins SGX delistings

Fragrance Group has applied to delist from SGX. Catalist-listed Fragrance announced on Wed that it has applied to the exchange for a delisting following a privatisation offer. In early July, Fragrance Group’s founder and CEO Koh Wee Meng,…

How readable is the roadmap to endemic Covid-19?

What a difference a weekend makes. Last Fri, the government’s MTF on Covid-19 reiterated the country’s commitment to living with the virus, with tighter curbs only needed as a last resort. Then on Mon, taskforce co-chair Lawrence Wong…

Park Hotel Farrer Park relaunches under Holiday Inn brand

The 300-room Park Hotel Farrer Park, owned by RB Capital and previously managed by Park Hotel Group, has been renamed Holiday Inn Singapore Little India, effective Tues. Its new manager, global hospitality company IHG Hotels & Resorts, told…

New disclosure standards for Singapore retail ESG funds due early 2022: MAS

MAS will set out early next year its regulatory expectations on the disclosure standards that retail funds in Singapore with an ESG investment objective must meet, said its MD Ravi Menon. On Wed, he said that with the…

Freehold’s premium may provide clue on valuing infrastructure spend

Property buyers in Singapore value freehold tenures enough to dish out a premium of 15-20 per cent over a 99-year leasehold condominium, going by findings from a study by NUS. From studying condominium transactions in Singapore over 1995…

Oxley offers to buy back 5.7% notes due 2022; reopens issue of 6.9% notes due 2024

Oxley Holdings is offering to purchase in cash a portion of its outstanding 5.7 per cent notes due 2022. The property developer is also proposing to issue new notes by reopening its existing 6.9 per cent notes due…

Electricity retailers in Singapore hike rates amid surge in spot prices

Extraordinary spikes in spot electricity prices recently have led Singapore’s electricity retailers to pass the buck to new household customers by raising the prices of fixed-price plans under the city-state’s OEM. If the prickly higher electricity prices persist,…

NEA raises S$1.65b from maiden green bond issuance under S$3b MTN programme

NEA has raised S$1.65 billion worth of green bonds in a dual-tranche issuance after pricing the first and second series of its S$3 billion multicurrency MTN programme the night before. This was announced on Tues by DBS, the…

Marina View: Testing the ‘work, live, play’ concept within CBD

Singapore’s CBD has transformed over the last decade or so. It expanded with the new business and financial precinct of Marina Bay, which houses Grade A office space at developments such as MBFC, Marina One and Asia Square.…

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