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S’pore drops out of top 20 list of world’s most expensive cities for expats

  The weakening Singapore dollar has made the city-state less expensive for expatriates. Singapore has fallen out of the top 20 list of the most expensive cities in the world, moving six notches down from 18th place last year to 24th in this year’s cost of living survey by ECA International, reported Channel NewsAsia. Topping the list is Angola’s Luanda followed by Hong Kong, Zurich, Geneva and Basel. Nonetheless, Singapore remained the 10th most expensive city within the Asia Pacific region, with Hong Kong taking the lead, followed by Tokyo, Seoul,Read More


Singapore property prices to double by 2030: Morgan Stanley

    The protracted downtrend in Singapore’s property market is poised to end next year, with home prices set to double by 2030, Morgan Stanley said in a Wednesday note. “Property market bears expect slower population growth, an ageing population, and a structural growth slowdown to weigh on the long-term property market outlook,” the note said. “We disagree and believe home prices will double by 2030.” That implies a 5 to 6 per cent increase per annum and would mark a reversal from a long downtrend in home prices. InRead More


20 stores affected in 7-hour power cut at Junction 8

SINGAPORE – Shoppers and stores at Bishan’s Junction 8 Shopping Centre were left in the dark on Sunday (April 9) morning after a power trip cut electricity to parts of the mall for seven hours. The trip occurred at about 7am on Sunday morning, affecting 20 stores and affecting business, Shin Min Daily News reported on Monday (April 10). Shops affected at the mall at 9 Bishan Place include electronics chain Best Denki, BreadTalk, FairPrice supermarket and several restaurants. Some of the amenities such as escalators, washrooms and air-conditioning wereRead More


WHY DOES SUNNY CAMBODIA ATTRACT SUCH SHADY CHARACTERS?

Claims that two women accused of assassinating the North Korean leader’s half-brother in Kuala Lumpur rehearsed the hit in Phnom Penh have added another unwanted twist to Cambodia’s long history as a playground for the world’s less savoury characters. The Cambodia Daily stunned the government when it reported recently that Vietnamese Doan Thi Huong, 29, and Indonesian Siti Aisyah, 25, had met and practised the February 13 assassination of Kim Jong-nam about a dozen times in the Cambodian capital. The pair, charged in Malaysia with killing the half-brother of KimRead More


Two freehold sites in Balmoral Road area for sale

  View of the freehold residential sites at Balmoral Road and Ewe Boon Road. Two adjoining freehold residential redevelopment sites within the Balmoral Road area have been put up for sale by public tender, revealed marketing agent Edmund Tie & Co. Launched in a concurrent but separate tender, the two sites at Balmoral Road and Ewe Boon Road are zoned residential, with a gross plot ratio of 1.6 and a building height control of up to 12 storeys under the 2014 Master Plan. The sites have a combined area ofRead More


Boomtime property buyers now big losers

More than 800 condo units were resold at a loss this year as economy slows   An ultra-luxury apartment with a sea view at Sentosa Cove has made the largest loss in the property market so far this year. Originally bought for $11 million in 2011, the condominium unit at Seascape was sold for $6.35 million in October at a loss of $4.65 million. A high-end property at The Ritz Carlton Residences in Cairnhill Road made the second-largest loss-making deal of $3.7 million in March. Another Sentosa Cove unit atRead More


BUILT TO ORDER

BUILT TO ORDER   Could it be a sign that the Housing Board’s first Build-to-order (BTO) launch this year was on Valentine’s Day and that this launch is also the first time families can apply under the Fresh Start Housing Scheme? Perhaps the parallels are pushing it, but the 4,065 new flats in Clementi, Tampines and Punggol will no doubt provide a good start for couples hoping to start a family. Out of the 4000 plus units, 1,603 will be in Clementi, 638 in Tampines and 1,815 in Punggol. ThisRead More


Rise in new private home sales volume

Rise in new private home sales volume The number of new private homes sold last year have risen on the back of declining prices in the primary private home sales market. Fighting against predictions of a languishing private residential sector, new private home sales have held up in 2016 with 8,136 new units sold, 9.4 per cent higher than 2015’s 7,440. Buyers have been picking up units directly from developers, aided by a couple of pushes from low interest rates an and lower selling prices. Though 2016 was a slowRead More


Be on the lookout for electronic crime-alert displays

More of such message boards could go up around island if feedback from pilots is positive Singaporeans are already familiar with crime alerts on posters, but more of these warnings will be popping up electronically in the heartland. At the Police Community Roadshow at Tampines Community Plaza yesterday, the Bedok Police Division launched three crime-prevention projects. These include LED crime-alert signs for shops, electronic message boards at lift lobbies and lamp-post signs. Speaking to reporters at the roadshow, Commander of Bedok Police Division, Assistant Commissioner of Police Tan Tin Wee,Read More


Cost of land to build prime homes in Asia still rising

Prices of residential sites in Asia increased by 1.9% in the first half of 2016, down from 2.8% in the preceding six months, put office land increased from 1.9% to 2.2%. Overall development land investment volumes in Asia matched the level registered in the corresponding period last year, according to the Prime Asia Development Land Index from international real estate firm Knight Frank. As compared to the preceding six months, however, they were 40.4% lower and the index report explains that land markets tend to be more active in theRead More


Singapore : Body found while looking for Pokemon

SINGAPORE: While out hunting Pokemon at Woodlands Waterfront Park on Sunday, netizen Azmi Suarez got more than he bargained for when he came across the body of a dead woman. Azmi posted photos of his grisly find near the park’s jetty on Facebook, which showed the body floating face-down in the water. A crowd of curious onlookers was also seen on the jetty. “Early morning finding Pokemon. Suddenly find dead body. Rest in peace whoever you are. Seems like an old lady. Don’t think it is due to Pokemon Go,”Read More


Ban on point-of-sale display of tobacco products

SINGAPORE – The point-of-sale display ban on tobacco products – approved in Parliament in March – takes effect on August 1, 2017. Retailers have a one-year grace period before the ban goes into effect, a joint statement by the Ministry of Health (MOH) and the Health Sciences Authority (HSA) on Thursday (July 28) said. MOH has beefed up tobacco control measures in a bid to protect public health and reduce tobacco consumption, particularly among younger Singaporeans. These include previously announced amendments to the Tobacco (Control of Advertisements and Sale) Act on Monday (AugRead More


Foreigners’ pay: Balance needed

From next year, the qualifying salary for foreign professionals to be hired on Employment Passes (EPs) will be raised. Such workers will need to be paid at least $3,600 a month if firms want to hire them on EPs, up from $3,300 now. The move, announced by the Manpower Ministry (MOM) on Tuesday, is part of its regular updating of the EP salary criterion to keep pace with rising local salaries. Starting salaries of graduates from Nanyang Technological University, the National University of Singapore and Singapore Management University in full-timeRead More


Pow Sing Restaurant at Serangoon Gardens suspended as 29 cases of gastric flu surface

SINGAPORE – Several cases of gastroenteritis reported at Pow Sing Restaurant are being investigated, the authorities said on Wednesday (July 13). Commonly known as gastric flu, the illness can cause diarrhoea, vomiting, fever and abdominal pain. The National Environment Agency (NEA) has also suspended the licence of the Serangoon Garden Way restaurant. Between July 4 and 11, 29 cases were reported at the restaurant, said a press release jointly issued by the Ministry of Health (MOH), the Agri-Food & Veterinary Authority of Singapore (AVA) and NEA. “As of 12 July 2016,Read More


Singapore Airlines introduces upgrade bidding system for invited travellers

SINGAPORE – Singapore Airlines (SIA) has introduced a new bidding system for seat upgrades which will be available to invited customers, the airline said this week. Customers who have booked tickets in Economy class can get an invitation to bid for an upgrade to Premium Economy Class. The new system, called mySQupgrade, will be “gradually introduced across the network”, SIA said in its email to members of its loyalty programme, Krisflyer. Such bidding systems have been adopted by more airlines in recent years. More than 30 airlines around the worldRead More


How Brexit affects Singapore

Brexit will have little immediate impact on Singapore but longer-term impact from UK companies’ scaling down, or the EU slowing down, can be expected Britain is only No. 22 on the list of Singapore’s trading partners, which means the United Kingdom’s shock vote to leave the European Union (EU) – the world’s largest trading bloc – may have only a marginal impact in the immediate term. Singapore could emerge from this relatively unscathed, economists say, as its non-oil domestic exports to Britain account for less than 1 per cent ofRead More


Global stocks rise, safe havens retreat as Brexit worries ebb

Global stocks rose sharply on Monday and sterling strengthened broadly while safe-havens including the yen and gold retreated, after polls showed support for Britain staying in the EU regaining momentum before Thursday’s referendum. Sterling has been at the sharp end of worries Britons will vote to leave the European Union, and the easing of those concerns pushed the pound up 1.9 percent against the dollar – on track for its biggest daily gain since October 2009 – and more than 2 percent versus the yen. Share prices, which fell globallyRead More


Singapore cuts same-sex kiss from Les Miserables

A kiss between two male actors in the musical Les Miserables in Singapore has been removed from the show, after complaints from the public. The scene involved a brief peck on the lips during the song Beggars at the Feast. After being told it violated its “General” rating, the producers decided to remove the kiss, the Media Development Authority (MDA) said. The show’s organisers said that the scene was intended to be comical. “The inclusion of the same-sex kiss was not highlighted in the script when it was submitted toRead More


Thai king receives ‘satisfactory’ heart treatment, palace says

BANGKOK (REUTERS) – Thailand’s 88-year-old king, the world’s longest-reigning monarch, has received treatment for narrowing of the heart arteries with “satisfactory results”, the Royal Household Bureau said in a statement on Tuesday (June 7). King Bhumibol Adulyadej has been treated for various ailments during a year-long hospitalisation in the Thai capital. He was last seen in public on Jan 11, when he spent several hours visiting his Bangkok palace. The king has spent most of the past six years in hospital, and anxiety over his health and the succession hasRead More


Singapore Driver crashes car into railtracks.

Singapore car crashed onto Causeway railway tracks; train service between Singapore and Malaysia disrupted for an hour. SINGAPORE – A Singapore-registered car crashed onto the railway tracks on the Causeway on Monday (June 6) morning, causing delays to the train service. The accident happened at 4.40am. “The 39-year-old male Singaporean driver is currently assisting the Malaysian authorities in their investigation,” said Singapore’s Immigration and Checkpoints Authority (ICA), in response to queries. The Straits Times understands that the accident happened across the border in Malaysia. The car was on its wayRead More