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HSBC Singapore moves into new digs with hybrid model

It was a big move for HSBC Singapore – after more than 140 years at the original Collyer Quay site where its first branch was set up, the bank was ready for a change of scene. That came…

Building, marine, process sectors still struggling to get entry for workers

Employers in the construction, marine and process (CMP) sectors continue to face difficulties getting entry approvals for their work permit holders – particularly those from India and Bangladesh – with some having submitted their applications repeatedly for months,…

Grooming younger agents paying off at ERA

The move to groom young agents at ERA Realty looks to be paying off – its top sales people are all aged under 40. Last year, the average age of the best five performing agents was 36, and…

ERA Realty eyes 40% increase in revenue amid boom in property transactions

ERA is on a roll, as it rides the momentum of the nation’s gangbuster residential market. The company, Singapore’s second largest real estate agency is gunning for 40 per cent increase in revenue to S$550 million by early…

Pay cuts for heads of Singapore property firms

City Developments’ (CDL) executive chairman Kwek Leng Beng had his total remuneration plunge 82 per cent last year. He received S$1.63 million in 2020, down from S$8.89 million in 2019. Last year, CDL booked substantial impairment losses on…

HK’s Shun Tak to launch debut Singapore residential project

Shun Tak Holdings’ maiden residential development in Singapore, Park Nova, could gain traction with well-heeled buyers – especially from North Asia – as the project readies for launch amid improving sentiment. Located in prime District 10, the super…

NTP+ mall at New Tech Park close to 97% leased

Like most Singaporeans, Donald Han spent the “circuit-breaker” months of Apr to June last year working from home. As he lives in the Cairnhill area, he would go jogging every afternoon at about 4pm. It was not to…

HDB executive maisonette in Ang Mo Kio on the market for $999,999

An HDB executive maisonette — located at 616 Ang Mo Kio Ave 4 in District 20 — is on sale with a guide price of $999,999. The auctions team at PropNex is marketing the 1,593 sqft flat and…

Four-bedder at One Amber sold for $1.8 mil profit

During the week between Mar 30 and Apr 6, the most profitable deal was the sale of a 1,701 sqft, four-bedroom unit at One Amber in District 15. The 14th-floor unit was sold for $3.05 million ($1,793 psf)…

Real estate investments up 11.5% q-o-q in 1Q2021, led by residential

Singapore’s real estate market is on the road to recovery, according to CBRE’s MarketView 1Q2021 Real Estate Market Performance report. Preliminary real estate investment volume increased by 11.5% q-o-q to $3.52 billion for 1Q2021. It is the third…

Luxury home sales rose 10-fold in March: Most buyers Singaporeans but foreigners picked up trophy homes

Demand for luxury homes rose sharply in Mar, based on data released by URA, suggesting that the ultra-rich are back with a vengeance following a long hiatus caused by the pandemic. For private property in general, it was…

Riversails condo residents alarmed at series of fridge fires; maker Electrolux denies fault but offers goodwill payments

In the wee hours of one morning last month, Riversails Condominium resident Victor Cheng was jolted awake by rapid knocks on his front door by a security guard asking him to evacuate from his apartment due to a…

New private home sales double in March amid fresh interest in luxury properties

Singapore saw sales of new private homes, excluding ECs, double to 1,296 units in Mar from 645 units in Feb, according to UIRA data released on Thurs. On an annual basis, developers’ sales soared 96.4% from the 660…

Lentor Central, Tampines Street 62 sites launched for tender

URA and HDB on Thurs launched two sites at Lentor Central and Tampines St 62 (Parcel A) for tender. Launched for sale under the confirmed list in the first half 2021 GLS Programme, the two sites come with…

HDB apologises for allocating ‘poorly maintained’ rental flat to single mother

HDB has apologised for allocating a poorly maintained public rental flat to a single mother after her FB post with photos of the dilapidated flat went viral. “We are aware of an online post showing a poorly maintained…

Analysts expect private home prices to rise further on tight supply and strong demand

Hot sales at private property launches in Mar have further drawn down on a fast-dwindling stock of units – fanning an expected rise in home prices, experts said. All eyes will soon be on full real estate statistics…

Fancy solving a mystery while on staycation at Singapore’s Raffles Hotel?

Are you a fan of Singapore’s iconic Raffles Hotel, Singapore theatre, mystery writer Agatha Christie and writer-actor Noel Coward? Here’s the perfect confluence of all your favourites colliding in one interactive swoop. Fancy playing detective while on staycation?…

Platform at Marina Bay station on Circle Line to be closed from May 15 to June 1

One of the two platforms at the Marina Bay station on the Circle Line will be closed from May 15 to June 1 to facilitate works to remove a section of redundant tracks. SMRT said on Thurs that…

‘Buy’ Suntec REIT on better demand for assets; potential divestments: RHB

As Singaporeans return to the workplace following the recent relaxation of safe mgmt measures, RHB Group Research analyst Vijay Natarajan believes Suntec REIT will see a boost in demand for its assets. In an Apr 15 research note,…

PhillipCapital keeps buoyant outlook on S-REITs, which are expected to resume DPU growth

PhillipCapital analyst Natalie Ong has maintained her “overweight” outlook on S-REITs amid catalysts expected from the pick-up in the Singapore economy. According to the report dated Apr 12, all sub-sectors are in the green with the exception of…

Cash prizes: SLA, URA launch contest seeking ideas to enhance Changi Point, repurpose Old Changi Hospital

Members of the public are being invited to submit ideas to enhance Changi Point as a heritage and recreational site — including for the repurposing of Old Changi Hospital — with cash prizes on offer for the winners.…

Retailer Naiise to go into liquidation, owner to file for bankruptcy

Homegrown retailer Naiise will go into liquidation soon, after ceasing all operations on Wed. In a FB post on Thurs morning, its founder Dennis Tay said he would also file for personal bankruptcy. The company, which started off…

Registration of bicycles, licensing of cyclists may not make roads safer, say observers

Requiring cyclists to be licensed or bicycles to be registered may not have the desired effect of keeping roads in Singapore safe, say observers, noting that such measures may impede the country’s cycling vision. Instead, other efforts, such…

300,000 households, businesses to get new smart water meters from early 2022

About 300,000 households and businesses in Singapore will have new smart water meters from early next year, allowing them to monitor their daily water usage and receive alerts about suspected leaks. This comes as PUB launches the first…

SCDF’s training academy to undergo major revamp over next 3 years to include new facilities

CDA will be redeveloped over the next three years to have more realistic training facilities, including VR firefighting training and mock-ups of a bus interchange and shopping mall. Opened in 1999, the academy in Jalan Bahar is where…

Singapore property investment to recover to pre-Covid levels in coming quarters: Colliers

Singapore property sales are expected to grow in the coming quarters, recovering to pre-Covid-19 levels, said Colliers. The company reported improving investor sentiment following the reopening of Singapore’s economy. In a report on Thurs, Colliers noted that total…

Singapore’s ageing population presses for new way to build private eldercare facilities

When a government tender closed last year for a sprawling site along Gibraltar Crescent in Sembawang near Singapore’s northern coast for a proposed dementia care village, it drew just one bid, S$15 million. While the concept proposal was…

Better prospects for warehouses this year

After pulling off a reasonably resilient performance in 2020 amid a full-blown pandemic, warehouses could see rents pick up in 2021. However, the performance across the industrial market may vary, with rents for certain segments, such as multiple-user…

Buyer from Fujian pays S$39.3m for Sentosa Cove villa

Buyers from China’s Fujian province continue to acquire Singapore property. One of the latest deals involves a sea-facing bungalow in Sentosa Cove that is being bought for slightly over S$39.33 million. The price works out to nearly S$2,012…

Expat accommodation monthly rentals drop by 2%

A new study conducted by ECA Intl has shown that the average monthly rental prices in areas commonly inhabited by intl executives or expatriates in Singapore dropped by 2.01% in 2021, as compared to prices from the previous…

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