Stories By: The Business Times (2,893 Articles Found)

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Pivoting to promising segments an increasingly vital growth driver for Reits

Capitamall Trust (CMT) became Singapore’s first listed Reit in July 2002. In its first 5 full years as a listed entity, DPU rose 66 per cent between 2003 and 2007, or a CAGR of nearly 14 per cent.…

Asean needs to come together on efforts to develop carbon pricing systems, offset markets: report

The recently concluded global climate summit, COP26, has injected fresh impetus into countries’ efforts to decarbonise, as new and renewed pledges were made and fresh accords reached, in an attempt to avert a looming climate crisis. Crucial to…

Chuan Park now in private talks following close of S$938m en bloc tender

Chuan Park Condominium at 240 to 250 Lorong Chuan has closed its tender and is currently “in a private treaty negotiation process”, said ERA. An ERA spokesperson told BT that the condo had received some interest from developers.…

Hybrid working cuts emissions and saves businesses costs: IWG

The global Covid-19 pandemic has accelerated the world’s shift to a hybrid working model – a transformation that is expected to save not just the environment but also money for businesses, while imparting a host of benefits to…

Price gains tempt some buyers to flip shophouses

The escalation in prices of conservation shophouses this year amid strong demand and limited stock has tempted some buyers to flip these heritage properties for quick gains. BT understands that a seasoned Singaporean property investor has made at…

Shophouse market rounds off banner year – 217 transactions worth S$1.53b so far

The Singapore shophouse market has had a bumper year, with some 217 transactions totalling S$1.53 billion in YTD, surpassing the previous high of S$1.46 billion in 2018. The tally for last year was 145 transactions totalling S$913 million.…

Singapore overtakes Netherlands as world’s most globally connected country

Singapore has supplanted the Netherlands as the world’s most globally connected country, showed a preliminary assessment in DHL’s latest GCI report released on Tues. The Republic, which was second last year, came in first in the 2021 index,…

Two prime Pine Grove sites launched for sale; plots can yield over 1,000 condo units

URA has released for sale 2 residential sites at Pine Grove (Parcels A & B), it said on Tues. The sites are released under the reserve list of the second half 2021 GLS programme. Both sites have a…

Keppel says waiving its walk-away rights an extra plus for its SPH offer

Keppel Corp on Tues addressed fresh queries on the attractiveness of its final offer for SPH as the day for shareholders to vote on the offer draws closer. In response to questions fielded by Sias, Keppel said its…

New healthcare plan for migrant workers: Companies like affordability but worry about uneven impact of costs

The new primary care plan for migrant workers could set employers back by some S$108 to S$145 in premiums per worker a year, adding yet another element to rising manpower costs for those in the construction sector. But…

ComfortDelGro in second JV with Engie to provide renewable, solar energy

Comfortdelgro Engg has entered into a second JV with Engie SEA to develop and manage solar energy solutions. Through JV company ComfortDelGro Engie Solar, both sides intend to electrify ComfortDelGro’s fleet of vehicles with renewable power and offer…

GashubUnited Utility helps companies reduce their CO2 emissions with LNG

It might interest some to know that when 600 cubic metres of natural gas is cooled down to minus 162 deg C, the size is reduced to just 1 cubic metre. LNG is thus a form of energy…

Will rising home prices raise the risk of fresh cooling measures?

With the private residential market poised to end the year on a high note, does this once more heighten the risk of policy measures? Even the perceived possibility of cooling measures could serve as a near-term headwind for…

Singapore private homes aren’t as pricey as they seem

There is some anxiety over rising private home prices here, which are up by almost 8 per cent in the third quarter of 2021 compared with the fourth quarter of 2019, prior to the outbreak of the Covid-19…

Bright spots among Singapore-listed F&B stocks despite potential tightened Covid-19 measures

Just over a week after the easing of dining and social gathering rules, Singapore-listed F&B operators are bracing for another round of tightened measures with the emergence of the new Covid-19 variant Omicron. While any reimposition of social-distancing…

Holiday season, supply chain issues bolstering demand for warehousing

As the festive season approaches, demand for warehousing and storage space is picking up, with some operators expecting to reap a bump in revenue. Aside from the usual demand that comes with the year-end period, supply chain woes…

Singtel, M1-StarHub tie-up, and TPG provisionally awarded 2.1 GHz spectrum rights for 5G networks

Singtel and an M1-StarHub consortium have each been provisionally awarded 25 MHz of the 2.1 GHz spectrum, the maximum allowed under Singapore’s latest auction to make available more spectrum to support the deployment of 5G networks. This comes…

JTC awards Jalan Papan site tender for S$5.6m to Trans-Euro

JTC has awarded the tender for the industrial site at Jalan Papan (Plot 7) to machinery lifting and hoisting contractor Trans-Euro, at a tendered sum of some $5.6 million. On Fri, JTC said that the tender launched on…

New bonus GFA scheme is a carrot that comes with a stick

Developers welcomed a new bonus GFA incentive scheme aimed at transforming the built environment sector, although the all-or-nothing approach to qualify for the bonus GFA and the costs associated with fulfilling certain criteria were among key concerns flagged…

Aurum Land CEO tears walls down to build communities

Having worked in academia and later as a mgmt consultant, it was never in Michelle Yong’s plan to join the family business. But when her father, deputy chairman of construction conglomerate Woh Hup, asked her to fill a…

Kimly full-year profit up 55.7% to S$39.3m; proposes 0.84 cents final dividend, 0.6 cents special dividend

Coffee shop and food court operator Kimly reported a 55.7 per cent growth in net profit to S$39.3 million for the full year ended Sept 30, 2021. This comes on the back of an increase in revenue across…

Businesses hope land VTL with Malaysia will let in new workers too

While Singapore’s business community welcomes the upcoming VTL across the Causeway between Singapore and Malaysia, many hope that new workers will be allowed to use the lane soon, to alleviate the labour crunch. SHA’s executive director, Margaret Heng,…

New bonus GFA incentive scheme for developments which hit certain standards on digitalisation, productivity

Under a new 5-year scheme, private developments outside the GLS programme will be able to enjoy up to 3 per cent bonus GFA beyond the Master Plan GPR if they achieve enhanced standards in productivity, digitalisation, sustainability and…

Urgent need for stricter rules to discourage buyout of property stocks at a severely undervalued offer

Singapore’s private home market is buoyant and investor appetite for investment properties here is strong, amid low interest rates and the nation’s safe haven status. But listed property groups sitting on valuable real estate portfolios are trading at…

Building owners, tenants, regulators must come together to reduce carbon footprint

Rushabh Desai, APAC CEO of Allianz Real Estate, sees opportunities for asset owners to set the climate change agenda in the real estate industry. The property investment arm of global insurance giant Allianz is reducing the carbon footprint…

New HDB estate in Mt Pleasant may come under prime location model: analysts

The Prime Location Public Housing (PLH) model, which comes with stricter buying and selling conditions such as a longer MOP, could potentially be applied to the new HDB estate that will be developed in Mount Pleasant, property analysts…

E-commerce battles sales fatigue and hiccups in quest for consumers’ wallets

Annoying jingles, celebrity endorsements and a sale every month have marked the e-commerce landscape in 2020 and 2021. In the lead-up to this year’s 11.11 event, it seemed that all systems were primed and ready to receive the…

HDB issues S$1b 5-year bonds at 1.645%

HDB has issued S$1 billion worth of 5-year notes carrying a fixed coupon rate of 1.645 per cent per annum. The notes, rated “AAA” by Fitch Ratings, were issued on Nov 23 and will mature on Nov 23,…

CDL unit granted option to buy S$126.3m worth of assets from Tan Chong

Tan Chong Intl’s indirect wholly-owned subsidiary has granted a call option to a unit of City Developments (CDL) to purchase its property, plant and equipment for S$126.3 million, announced the auto dealer last Fri. Based on an Acra…

Can prime HDB flats ‘sleigh’ the Orchard Road ennui?

Christmas in Singapore comes early, with festivities already in full swing. Themed “Christmas in Bloom”, this year’s Christmas light-up in Orchard Road sees the shopping street set aglow with fairy lights and oversized floral decorations. Malls are gorgeously…

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