Singapore to lift circuit breaker measures from June 2, in three gradual phases

Schools must put in place hygiene practices when they reopen, such as having students wipe down surfaces before leaving the classroom.PHOTO: MOE. Singapore's circuit breaker will formally end on June 1, as the country gradually restarts its economy in three phases over the next several months. This will not mean a return to life before … Continue reading Singapore to lift circuit breaker measures from June 2, in three gradual phases

GuocoLand bags $730m green loan for Bugis project

GuocoLand has obtained a $730 million green loan to build a luxury residential and commercial development in Tan Quee Lan Street in Bugis. The loan will go towards financing the project, including efforts in sustainable development, water and energy conservation, and adopting immersive urban greenery and landscaping. It is expected to meet the criteria to … Continue reading GuocoLand bags $730m green loan for Bugis project

Fewer going bankrupt as relief measures kick in

Bankruptcy orders plunged to 22 in April - falling below 50 for the first time in the 40 months.ST PHOTO: CHONG JUN LIANG The number of bankruptcy applications came down sharply last month after rising to a 40-month high the previous month, a change legal experts attribute to the new Covid-19 law. Bankruptcy applications fell to … Continue reading Fewer going bankrupt as relief measures kick in

New private home sales fall to five-year low in April

Developers in Singapore sold 277 private homes in April.ST PHOTO: KUA CHEE SIONG New private home sales plunged to a five-year low last month, and this month is expected to be a write-off as show-flat galleries stay closed for the whole month and new launches are pushed back further due to the extended circuit breaker. Developers … Continue reading New private home sales fall to five-year low in April

Steps to curb coronavirus transmission will raise construction costs

An idle construction site is seen at the junction of Serangoon Road and Towner Road on April 23, 2020.PHOTO: ST FILE The measures to keep Covid-19 transmission low in the construction sector are bound to increase costs for contractors, which they will have to bear in principle. National Development Minister Lawrence Wong said at a … Continue reading Steps to curb coronavirus transmission will raise construction costs

Coronavirus: Employers to get $4b in job support payouts this month

This month's payouts will be computed based on last November's wages.PHOTO: ST FILE More than 140,000 employers will get over $4 billion in Jobs Support Scheme (JSS) payouts from May 28, said Deputy Prime Minister Heng Swee Keat yesterday. The figure is part of more than $20 billion committed over three Covid-19 support packages to the scheme, … Continue reading Coronavirus: Employers to get $4b in job support payouts this month

Million-dollar HDB unit at SkyTerrace @ Dawson sold during circuit breaker

SkyTerrace Dawson was launched in December 2009 as a BTO development. It was designed by renowned architectural firm SCDA Architects (Photo: Albert Chua/The Edge Singapore) SINGAPORE (EDGEPROP) - A five-room flat at SkyTerrace @ Dawson transacted for $1.01 million in April, the month that saw resale volume for HDB flats hit a record low of … Continue reading Million-dollar HDB unit at SkyTerrace @ Dawson sold during circuit breaker