DAILY NEWS

Daily News – 29 Mar 2022 (Tue)

Singapore Real Estate

Singapore 3rd most expensive market in world for flexible offices
Singapore is the third most expensive market for flexible offices in the world, coming behind 2 cities in the United States, New York and San Francisco. New York tops the ranking with private office desk spaces costing an average of US$961 a month, with San Francisco in second place at US$950.
https://www.businesstimes.com.sg/real-estate/singapore-3rd-most-expensive-market-in-world-for-flexible-offices
https://www.straitstimes.com/business/property/singapore-is-3rd-most-expensive-globally-for-flexible-office-space-hk-drops-to-7th-survey

Telok Blangah House in Harbourfront up for collective sale with S$98m guide price
Mixed-use development Telok Blangah House has been put up for collective sale via public tender with a guide price of S$98 million. This works out to a land rate of about S$1,887 per square foot per plot ratio, with minimal or no development charge payable, subject to baseline verification, said exclusive marketing agent SRI on Monday (Mar 28).
https://www.businesstimes.com.sg/real-estate/telok-blangah-house-in-harbourfront-up-for-collective-sale-with-s98m-guide-price
https://www.straitstimes.com/business/property/telok-blangah-house-put-up-for-collective-sale-at-98m

Positive rental momentum buoys home landlords but challenges loom
In the game Monopoly, players set out to own properties to grow rich by collecting rent from their opponents. Whether inspired by this game or by friends and relatives, many people here aspire to be a landlord.
https://www.businesstimes.com.sg/real-estate/positive-rental-momentum-buoys-home-landlords-but-challenges-loom

Companies’ Brief

Frasers Property Retail to set up EV charging stations at 12 malls
Frasers Property Retail is working with service providers Charge+, SP Group and Tesla to set up 36 electric vehicle (EV) charging points throughout its network of 12 malls in Singapore. The initiative will be rolled out in 2 phases – the first being 27 EV charging points across 8 malls to be completed by September 2022.
https://www.businesstimes.com.sg/transport/frasers-property-retail-to-set-up-ev-charging-stations-at-12-malls

Views, Reviews, Forum and Others

Most restrictions eased, but it’s not time to release the handbrakes fully
Daily life will have a quite different look and feel for many people in Singapore this week, as the country marks a significant milestone in the longer term strategy to live with Covid-19. From today (Mar 29), groups of up to 10 can gather or dine at eateries.
https://www.businesstimes.com.sg/opinion/most-restrictions-eased-but-its-not-time-to-release-the-handbrakes-fully

Employers must consider flexi-work requests by 2024
[Singapore] By 2024, employers must consider staff requests for flexible work arrangements fairly and properly, under a new set of guidelines for such arrangements. But employers can consider their business needs when assessing whether or not to grant approval.
https://www.businesstimes.com.sg/government-economy/staff-requests-for-flexi-work-arrangements-must-be-considered-by-employers-by
https://www.straitstimes.com/singapore/staff-requests-for-flexi-work-arrangements-must-be-considered-by-employers-by-2024

Workplace fatalities back to pre-Covid-19 level, MOM to enhance training, surveillance on firms
Singapore – There were 37 workplace fatalities recorded last year, close to the 39 deaths in pre-pandemic 2019. The figure for 2020 was lower at 30, but there were significant disruptions to work that year due to the pandemic.
https://www.straitstimes.com/singapore/workplace-fatalities-back-to-pre-pandemic-level-mom-to-enhance-penalties-checks

Update on COVID-19 (Coronavirus Disease 2019) Situation

4,925 new Covid-19 cases in Singapore, infection ratio down for 27th day
[Singapore] The total number of daily Covid-19 cases in Singapore climbed to 4,925 cases on Monday (Mar 28), while the number of people hospitalised rose to 717. This is up from 694 hospitalisation cases and 4,848 cases on Sunday.
https://www.businesstimes.com.sg/government-economy/4925-new-covid-19-cases-in-singapore-infection-ratio-down-for-27th-day
https://www.straitstimes.com/singapore/health/4925-new-covid-19-cases-in-spore-infection-ratio-down-for-27th-day

New Covid-19 rules kick in today: Timeline of S’pore’s measures over the last 2 years
Singapore – Starting March 29, people will be allowed to gather in groups of up to 10 and outdoor mask-wearing will be optional. This comes nearly two years after such restrictions were first introduced here.
https://www.straitstimes.com/singapore/two-years-of-twists-and-turns-a-timeline-of-singapores-covid-19-measures

*For more information, please visit the Ministry of Health (MOH) website at www.moh.gov.sg and refer to go.gov.sg/mohupdates for updates on the COVID-19 (Coronavirus Disease 2019) situation