Bukit Panjang pond to get makeover
The Pang Sua Pond in Bukit Panjang will undergo a transformation under the PUB’s Active, Beautiful, Clean Waters (ABC Waters) Programme.A new boardwalk will be added to connect the pond to the neighbouring amenities. Two lookout decks will be built, along with a multi-purpose stage for...
Continue Reading • 21 Jul 2014
CapitaMalls Asia to be delisted from 22 July
With effect from 21 July 2014, CMA will become a wholly-owned subsidiary of CapitaLand. On 14 April, CapitaLand offered to buy CMA's remaining ordinary shares that CapitaLand does not already own. Today, the company exercised its right of compulsory acquisition of the remaining shares. CMA will...
Continue Reading • 18 Jul 2014
Colliers names new Global COO
Dylan Taylor has been appointed as Global Chief Operating Officer for Colliers International. He was formerly CEO in the Americas, and will continue to report directly to Collier’s Global President and CEO Douglas P. Frye.“Dylan will not only be able to support the Americas in his new...
Continue Reading • 18 Jul 2014
Govt audit shows MINDEF mismanaged public land
The Auditor-General’s Office (AGO) for the Financial Year 2013/2014 highlighted some of the Ministry of Defence (MINDEF)’s lapses in its management of government land and assets, according to media reports.In particular, this pertains to in leasing agreement with Sembawang Country...
Continue Reading • 18 Jul 2014
Annual Reports by CapitaLand's REITs win awards
CapitaLand Group was recently awarded the top three Best Annual Report awards in the REITs & Business Trusts category at the Singapore Corporate Awards 2014.Its real estate investment trusts (REITs) - CapitaCommercial Trust (CCT), Ascott Residence Trust and CapitaRetail China Trust - received...
Continue Reading • 17 Jul 2014
MND may reward parents for moving to non-mature towns
47 percent of parents with married children are living with their children, while 21 percent live close by within the same town, said National Development Minister Khaw Boon Wan in a blog post yesterday.The results were gathered from about 2,000 Singaporeans in a door-to-door survey commissioned...
Continue Reading • 17 Jul 2014
Lavender site to be developed for public housing
A 1.23 hectare plot of land at the junction of Syed Alwi Road and King George’s Avenue will be developed for public housing, the government said today. The land is zoned for residential use in the Master Plan 2014, and comprises mainly vacant State land and a private industrial property at No....
Continue Reading • 15 Jul 2014
Urban planning with 3D technology
The Urban Redevelopment Authority (URA) and Esri are jointly working to enhance an advanced urban planning 3D tool, Esri CityEngine, which transforms 2D town planning data into interactive 3D city models.By customising the Esri CityEngine platform to Singapore’s urban context, the...
Continue Reading • 15 Jul 2014
Singapore's GDP shrinks in Q2 2014
The Singapore economy grew by 2.1 percent year-on-year in the second quarter of this year, based on advance estimates released by the Ministry of Trade and Industry (MTI) today. However, this is slower than the 4.7 percent growth in the previous quarter. On a quarter-on-quarter...
Continue Reading • 14 Jul 2014
China-based developer offers IPO for SGX listing
A Chinese property developer has launched its initial public offering (IPO) on the mainboard of the Singapore Exchange of 34.05 million shares at $1.50 each. First Sponsor Group Limited (FSGL), a real estate player with ties to Hong Leong Group, will allocate about 3.8 million shares to the...
Continue Reading • 11 Jul 2014
Salesperson fined for dual representation
Tan Kok Wah David has been fined for representing both the landlord and the tenant in a property rental transaction. According to the Council for Estate Agencies (CEA), he had collected commission from the tenant and the landlord amounting to $8,800, and was sentenced to a $12,000 fine, in...
Continue Reading • 11 Jul 2014
Master Plan includes feedback from public
The Ministry of National Development (MND) received 402 pieces of written feedback on the Draft Master Plan 2013 during the exhibition period between 20 November and 19 December 2013.Most of them were regarding housing and transport issues, while some were on issues such as economy, heritage,...
Continue Reading • 10 Jul 2014
Offshore property investments reached $2 billion
The value of overseas property purchases by Singaporeans have risen to $2 billion last year from $1.4 billion in 2012, according to Mr Lawrence Wong, Minister for Culture, Community and Youth.Given the increase, the Monetary Authority of Singapore (MAS) “is concerned that some individuals...
Continue Reading • 10 Jul 2014
Some seniors allowed to use CPF Retirement Account for housing
Manpower Minister Tan Chuan-Jin said the government has been flexible, “where a case merits it”, in allowing the CPF Retirement Account (RA) to be used to repay housing loans, reported the media.In fact, out of 10 people aged 55 and above, only one is still using CPF savings to pay...
Continue Reading • 10 Jul 2014
Tay Kah Poh returns to Knight Frank Singapore
Tay Kah Poh (pictured) has joined Knight Frank Singapore as Executive Director of Agency Services, and will oversee all Residential, Office, Industrial and Retail Services.He spent 12 years with Knight Frank Singapore between 1993 and 2005. During that time, he held key positions including the...
Continue Reading • 9 Jul 2014
Conference to push the green agenda
The International Green Building Conference (IGBC) and Build Eco Xpo (BEX) Asia will run from 1 to 3 September 2014 at the Marina Bay Sands Expo & Convention Centre.These events are hosted by Building and Construction Authority of Singapore (BCA), in partnership with Reed Exhibitions. Both...
Continue Reading • 9 Jul 2014
Tharman: Property market unlikely to crash
Deputy Prime Minister Tharman Shanmugaratnam said the property market will unlikely crash since the government took action quick enough, reported the media.“I don't think the industry will crash, because we moved early enough, and we moved each step of the game, knowing full well that what...
Continue Reading • 9 Jul 2014
Govt wants public's opinion on stamp duties
The Ministry of Finance (MOF) will be conducting a public consultation on the draft Stamp Duties (Amendment) Bill 2014. The bill provides for three changes to the Stamp Duties Act. The first two involve changes to existing stamp duty administration from ongoing reviews of the stamp duty system....
Continue Reading • 9 Jul 2014
GPS Alliance will not acquire Forte Development
Global Property Strategic Alliance (GPS)’s bid to acquire a Singapore property developer collapsed even before it kicked off, said media reports.On 2 June, GPS, a mid-sized real estate agency that operates here but is listed in Australia, announced that it will acquire Forte Development for...
Continue Reading • 9 Jul 2014
Outlook for Singapore banking system remains negative
Moody’s investment service said Tuesday (8 July) that its outlook on Singapore’s banking system remains “negative” for the next 12 to 18 months.Moody’s noted in a statement that accompanied the report “Banking System Outlook Singapore,” that the risk of...
Continue Reading • 8 Jul 2014