Websites
RegalInterior.com
is the website of Regal Interior Pte Ltd. It provides residential and
commercial interior design. It also provides free interior design
quotation with no obligation, renovation loan, and excellent
workmanship. Instalment available.
AsiaBuilders.com provides comprehensive listings and product
catalogues for the construction industry.
BCIAsia.com is a one-stop online
service for the construction industry. It is WAP-enabled. CreationStreet.com is a
renovation portal which puts you in contact with renovation contractors,
suppliers and designers. There's even an auction section as well as
classifieds.
HDBuilders.com is an online hub
which facilitates and manages the whole spectrum of business processes
in the construction industry. You can access information on tenders, HDB,
classifieds as well as suppliers and contractors.
RegalInterior.com
is the website of Regal Interior Pte Ltd. It provides residential and
commercial interior design. It also provides free interior design
quotation with no obligation, renovation loan, and excellent
workmanship. Instalment available. NEWS SNIPPETS
2007
New foreign workforce measures to meet strong market
demand |
With effect from 1 January 2008, the S Pass
quota for all sectors will be increased from 15% to 25%. The new S Pass
quota will come entirely from companies' Work Permit quota which will be
increased for all sectors. Companies can therefore employ more S Pass
holders, in lieu of Work Permit holders, hence improving the quality of
their foreign workforce... |
To strengthen our
global talent attraction and retention efforts, refinements will be made
to the PEP scheme. Foreign professionals whose last drawn fixed monthly
salary overseas was at least S$7,000 will be eligible for a PEP. The PEP
will also be granted to former P1 Employment Pass holders upon
application. |
These changes
will take effect from 1 March 2008. Existing and new P1 pass holders
working in Singapore that apply for the PEP ahead of the 2-year
requirement will be accorded in-principle approval. They can apply to
take up the PEP at the end of 2 years on their current P1 pass... |
More..... |
|
Outlook for Singapore economy in 2008 |
MTI forecasts the Singapore economy to grow
by 4.5-6.5 per cent in 2008. This represents a moderation in growth
towards the economy's underlying potential rate, following four years of
above-trend growth. |
The market consensus is that the US
economy will slow down in the first half of 2008 as a result of
weaker credit and housing markets before resuming healthy growth
in the second half. This would support GDP growth in Singapore in
the upper half of the 4.5-6.5 per cent forecast range... |
More..... |
|
Employment situation in 3rd Quarter 2007 |
Employment continued to grow strongly as the
economy maintained its rapid expansion. Preliminary estimates show that
employment grew by 57,600 in the third quarter of 2007... |
Services continued to lead the employment
gains, adding 34,500 workers in the third quarter of 2007. Manufacturing
posted gains of 11,800. Driven by the growth in building activities,
construction increased its workforce by 10,800, continuing the rapid
increase of the previous quarter... |
More..... |
|
Singapore outlook for 2007 and 2008 |
Nonetheless, financial markets have
rebounded recently and underlying economic conditions remain
supportive. GDP growth is therefore on track to come in at the
upper end of the 7-8% forecast range this year, up from the
4.5-6.5% forecast during the April review... |
In the Singapore economy, growth will
be led by non-IT manufacturing, construction and business
services, which have built up a strong momentum and are more
dependent on regional and domestic sources of demand as well as
developments in specific product markets. |
At this stage, our assessment is that
the Singapore economy is likely to expand at a slower rate in 2008
than in the recent past, reflecting weaker global economic growth.
Singapore’s GDP growth rate is expected to come in within its
potential of 4-6% next year... |
More..... |
|
MAS issues revised property fund guidelines |
The revised Guidelines are intended to
improve safeguards for investors and to provide greater clarity and
flexibility for commercial transactions... |
MAS will amend the Securities and Futures
Act (SFA) to include REIT management as a regulated activity... |
More..... |
|
Revision of Development Charge (DC) |
"The DC was lowered from 70% to 50% in
1985 to avoid eroding the share of value enhancement
that accrued to developers in a declining market. |
"With the current buoyant property
market, the converse is true. Thus, the Government has
decided to reinstate the DC to its original rate at
70%..." |
More..... |
|
Advance GDP estimates for second quarter 2007 |
"Advance estimates1 show that real
gross domestic product (GDP) rose by 8.2 per cent on a year-on-year
basis in the second quarter, up from 6.4 per cent in the previous
quarter... |
"Underpinned by strong growth in the
biomedical manufacturing and transport engineering clusters, the
manufacturing sector is estimated to have grown by 10.2 per cent the
second quarter, up from 4.4 per cent in the previous quarter..." |
More..... |
|
1st Quarter 2007 Real Estate Statistics |
"Overall prices of
private residential properties rose 4.8% in the 1st Quarter 2007,
compared with the 3.8% increase in the previous quarter |
"Prices of non-landed properties rose 5.3%
in the 1st Quarter 2007, compared with the 4.3% increase in the previous
quarter. Prices of apartments rose 5.1% while those of condominiums rose
5.4%..." |
More..... |
|
MAS and SGX to oversee corporate governance for listed companies |
Oversight of corporate governance of listed
companies will be transferred from the Council of Corporate Disclosure
and Governance (CCDG)[1] to the Monetary Authority of
Singapore (MAS) and the Singapore Exchange Ltd (SGX) with effect from 1
September 2007... |
The Code of Corporate Governance will
continue to be implemented through the SGX Listing Rules via the “comply
or explain” approach[2], as is currently the practice... |
More..... |
|
$5.2 billion Resorts World at Sentosa slated to open in
early 2010 |
"Resorts World
at Sentosa will welcome some 10 million tourists, excluding
local visitors, by 2015, generating S$15 billion in tourism
receipts, half of Singapore’s target. |
"Spending per
diem on entertainment and sightseeing is expected to be more
than six times higher than current spending levels... |
"In
anticipation of the increase in tourist traffic to Sentosa
Island, Resorts World at Sentosa is also committed to
significantly enhance the existing infrastructure of the
island by building a new three-lane bridge, adjacent to the
existing Sentosa Gateway Bridge... |
More..... |
|
-
1,100 theft cases involving metals in 2006
2006
-
3rd
Quarter 2006 real estate statistics
-
Survey shows manpower issues a growing concern for SMEs
-
Foreign Worker Levy and S-Pass quota to go up
Retrenchment & re-employment 2005 |
Amid favourable
economic conditions, the incidence of retrenchment dropped
to a twelve-year low in 2005... |
The incidence of retrenchment for
professionals, managers, executives & technicians (PMETs) dropped to an
eight-year low of 8.0 per 1,000 and a thirteen-year low of 4.8 per 1,000
for clerical, sales & service workers... |
In 2005, on average 61% of local2
retrenched workers found re-employment within 6 months of their
retrenchment, slightly higher than 59% in 2004. The improvement was more
pronounced for the better educated workers... |
More..... |
|
-
Advance GDP Estimates for First Quarter 2006
-
Singapore Labour Market 2005
-
Workplace Safety and Health Act replaces Factories Act
2005
-
Performance of Singapore economy in 3rd quarter 2005
-
Key indicators on Singapore's Corporate Sector 1999-2003
-
Salary dispute resolved with Manpower Ministry's intervention
-
Performance of Singapore Economy in 2nd Quarter 2005
-
Performance of Singapore Economy in 1st Quarter 2005
-
Ministry of Manpower fine tunes foreign worker policy
2004
Minister
Mah speaks on recent construction site accidents |
"However,
we should view these incidents in perspective. Our
construction safety record is good. According to MOM, the
number of fatal construction accidents has dropped, from 72
in 1997 to 31 in 2003. Let us not speculate on the causes..." |
More..... |
- Worksite
accident in Ayer Rajah; 2 killed & 29 injured
- Part of Nicoll Highway collapses; 2 killed & 1
missing
2002
|
Some
tenants are not happy with a S$1.4 million package offered to
businesses hit by the collapse of their flatted factory's
corridors on Tuesday, saying that the offer barely covers
their loss of revenue and the renovation work they must carry
out if they take up alternative premises offered by developer
JTC Corporation. (Straits
Times 29 Aug 2002) (5) |
Five
floors of concrete corridors collapsed at a JTC flatted factory in
Toa Payoh North yesterday morning. No one was hurt. The service
corridors were used as a fire escape and to hold the
air-conditioning units. Developer JTC Corporation said that while
its engineers had found the building to be structurally sound, it
was arranging to relocate the 22 affected companies to its other
flatted factories. (Straits Times 28 Aug
2002) (4) |
The
Public Utilities Board (PUB) confirmed yesterday it had written to
the Real Estate Development Association of Singapore, to inform it
that developers will be required to provide a dedicated pipe
system in all new commercial and industrial projects to accept
Newater. For those locations where the Newater pipeline network
will only be available after 2011, companies need to set aside
space for when the new pipelines are laid. By January 2003, more
than 68 million litres of Newater will be produced daily. It will
go up to more than 250 million litres a day by 2012. (Straits
Times 27 Aug 2002) (1) |
The
Ministry of National Development (MND) yesterday revealed that
since April 1999, private-sector architects have received 118
government projects worth S$1.3 billion. In contrast, the value of
government projects undertaken by PWD Consultants - the
Public Works Department's consulting arm - fell from S$2 billion
in 1998 to S$1.3 billion in 1999 and about S$1.4 billion in 2000
and 2001. (Straits
Times 25 Jun 2002) (4) |
Starting
24 Jun 2002, property developers can submit their building progress
reports and even apply for an extension of their construction
schedule via the Internet. These are some of the 14 new online
services which will be launched by the Urban Redevelopment
Authority (URA) on its website, www.ura.gov.sg
today. (Straits
Times 24 Jun 2002) (A19) |
The
Consumers Association of Singapore (Case) received close to 1,800
complaints in 2001 about contractors reneging on their contracts
and leaving work undone - compared to 1,291 the year before.
Timeshare companies accounted for 1,256 complaints in 2001.(Straits
Times 1 Mar 2002)(H1) |
2001
|
The
size of mandatory bomb shelters in each housing unit will be
reduced by about 12 to 15 per cent following amendments to the
construction laws approved in April this year. Since May 1998,
when the Civil Defence Shelter Act was introduced, developers have
had to build a shelter - or concrete-reinforced
"storeroom" - in each house in Singapore, including
Housing Board flats. There are now 87,000 such shelters in HDB
estates and about 1,000 in private estates. (Straits
Times 16 Nov 2001)(H1) |
New
noise rules that stop piling, blasting, demolishing and concreting
works from being carried out between 7pm and 7am came into effect
on Monday, but will affect only new projects, and not ongoing
ones, said the Environment Ministry (ENV). It told The Straits
Times that his was because the new limits could affect completion
time. The move by the ENV came after complaints from residents
about noisy construction sites shot up to 33 per week last year,
up from just 21 per week in 1999. The new limits allow only quiet
work, such as bricklaying, plastering and painting, to be carried
out between 10pm and 7am. (Straits
Times 6 Oct 2001)(H6) |
GG
Not. No. 2363 dated 31 Aug 2001
ARCHITECTS
ACT (CHAPTER 12) |
It is
hereby notified for general information that the
registration of Mr George Chen Tsai Fang as a
registered architect is cancelled with effect from 1st
September 2001 under Section 27 of the Architects Act. |
|
Unscrupulous
contractors are once again conning unwary Housing Board residents
into making unnecessary repairs. Posing as HDB contractors, they
pressure their victims into paying up to S$1,000 for new doors,
grilles, pipes and rubbish-chute covers. Instead of asking
residents whether they want the repairs, some of the contractors
will tell them it is compulsory for them to replace these items.
While the culprits do not carry official passes, they usually
produce documents which have HDB-lookalike logos. The HDb advises
residents to ignore such touts, or take down the company's
particulars. They should file a police report if they have been
intimidated or harrassed.
(Straits Times 23
Jul 2001)(H1)
|
Firms will be able to
submit their building plans online under a new system. Instead of
submitting them separately to 13 government departments for the
necessary approvals, the new system means they need send the plans
to only one place. The plans will be routed automatically to all
the agencies. Called One-Stop Submission Centre, the S$7.7-million
system will involve 30 building firms here initially, in a pilot
scheme which begins next month. By November 2001, all Singapore's
1,800 professional engineers and architects will be able to start
using the e-system.
(Straits Times 16
Jul 2001)(H5)
|
Prime Minister GOH
Chok Tong yesterday said the Government would let balconies be
built over and above the set plot ratio "to give the building
occupants the opportunity to create their personal garden in the
sky". Developers will get extra space - one-tenth of the
maximum plot ratio - solely for balconies. The plot ratio is the
amount of covered floor area in a building relative to the entire
site area. Developers will still pay for the space - from about
S$1,000 to S$5,000 per sq m, depending on location. (Straits
Times 27 Jun 2001) |
GG Not. No. 1169 dated 30
Apr 2001
PROFESSIONAL
ENGINEERS ACT (CHAPTER 253) |
It is hereby
notified for general information that under section 27(1)(e)
of the Professional Engineers Act, Mr Wan Shung Ming will be
suspended from practice as a professional engineer for a
period of twelve months with effect from 1st May 2001. |
[PEB/AAR/2-58]
|
2000
The
Government will release land for an additional 6000 to 7000
private-property units next year - less than the land for 9000 units
which was put on the market this year. A quarter of the new units
will be built as executive
condominiums, said the Ministry of National
Development on 28 Nov 2000. This is to ensure that the supply of homes is
kept at a moderate level. (Straits Times 29 Nov 2000)
People renovating their
homes can now buy an insurance plan which insures homeowners against
errant contractors. NTUC Income's Renovation policy, launched on 20
Oct 2000, sets a premium of 1 per cent on total renovation costs.
Policyholders will be covered for the length of the contract and for
another six months against defects, such as warping of carpentry works,
discoloration of building materials and cracks in tiles. But homeowners
taking the policy must engage contractors, selected by Income, who are
reputed for their good work. HDB relaxes
guidelines for renovation works |