Wednesday, April 30, 2025
31.6 C
Singapore
Home Blog Page 419

Property analysts: Upcoming Tampines Street 95 units price to start over S$1,600 psf

0

SINGAPORE: Units in the upcoming development on Tampines Street 95 are estimated to start at an average selling price of over S$1,600 per square foot (psf), said property analysts.

According to Singapore Business Review, PropNex noted that the project is expected to be well received by buyers, encouraging developers to bid for the site.

The recent land tender for this site attracted five competitive bids, with the top offer reaching S$768 per square foot per plot ratio (psf ppr).

Sim Lian Group, the highest bidder, already has an executive condominium (EC) project set to launch in Tampines in the first half of 2025.

PropNex suggests this may have influenced the developer’s bid as the company aims to establish a solid presence in the Tampines area, describing it as “a strategic move to defend its market.”

With Sim Lian’s project launching in the year’s first half, the Tampines Street 95 development will likely only be launched for sale in 2026.

OrangeTee stated that the gap between launches in the area would “ensure sufficient demand for the EC” in Tampines.

PropNex added that the tender results show strong developers’ confidence in ECs.

They explained that the high interest from developers in the EC plot isn’t surprising, as “the EC segment continues to be a bright spot in the housing market.”

Propnex said EC sites are often considered safe bets, attracting steady interest from local buyers like first-time homeowners and HDB upgraders.

PropNex states, “This pool of buyers is typically unaffected by cooling measures, and they form a stable demand base for ECs.”

OrangeTee expressed a similar view, anticipating “keen demand” for the future project on the land parcel.

They added that the “relative scarcity of ECs” will help maintain steady interest from buyers, as ECs remain one of the most affordable private housing options for HDB upgraders.

Huttons added that the rising demand for recent project launches may have encouraged developers to acquire more land.

They noted that interest rates, expected to decrease in 2024 and 2025, could give developers more flexibility to bid for land. /TISG

Read also: US interest rate cut boosts confidence in Tampines mixed-use GLS site

Featured image by Depositphotos (for illustration purposes only)

Singapore’s biomedical sector boosts manufacturing output in September

0

SINGAPORE: Singapore’s manufacturing output in September rose by 9.8% year-on-year (YoY), as announced by the Economic Development Board (EDB).

However, this growth was largely driven by the biomedical sector, which saw a significant increase of 62% YoY.

According to the Singapore Business Review, without this boost, the overall manufacturing output would have increased by only 4.5% YoY and declined by 7.6% month-on-month (MoM).

The manufacturing output in September stayed mostly flat compared to August.

While the biomedical sector contributed strongly to the overall growth, all other sectors experienced increases in output except for transport engineering.

Transport engineering experienced a YoY decline of 1.9%, mainly due to drops in aerospace, which dropped 2.9% YoY, and marine & offshore engineering, which fell by 9.8% YoY.

Meanwhile, in September, precision engineering rose by 14.7% YoY, general manufacturing increased by 8.1% YoY, chemicals grew by 3.4% YoY, and electronics improved by 1.9% YoY. /TISG

Featured image by Depositphotos (for illustration purposes only)

China’s child trafficker who sold 17 children sentenced to death

0

CHINA: A court in China has upheld the death sentence for child trafficking by a woman who sold more than a dozen children in the 90s, according to a BBC report.

This was the second time that Yu Huaying was sentenced to death after a re-trial was held for her in light of new evidence. The new evidence revealed that she sold 17 children and not 11 as previously alleged.

 

Her behaviour was discovered in 2022 when a woman Yu had sold for 3,500 yuan (USD$491) in 1995 and reported her capture to police in Guiyang, southwest China.

The victim, Yang Niuhua, was in her early 30s and was looking for her family on social media. She did find her relatives eventually, but her parents had died a few years before that.

Her report led to Yu’s arrest. The court also ordered that all her property be confiscated.

“Yu Huaying’s subjective malice is extremely deep, her criminal behaviour is particularly heinous, and the consequences of her actions are severe, warranting harsh punishment.

Although she confessed, this is insufficient to justify a lighter sentence,” said the court.

According to Chinese media, Yu’s first trafficking victim was her own son, whom she sold for 5,000 yuan. The mother was in her 20s at the time. The child’s father, Gong Xianliang, later became the woman’s child trafficking partner.

One of the parents of the two children she snatched in 1996 spoke about the ordeal and the hell she went through waiting and hoping for her child to come back.

The mother said she waited at the family’s shoe repair stall, where they were abducted for years. She told reporters last year in a Global Times report:

“The pain the traffickers have caused me is unspeakable, and the break in my family can never be repaired.”

Chinese media also reported that many families whose children Yu had abducted had suffered from depression and been torn apart.

According to the court, Yu had built a complete criminal chain of child trafficking, finding children in the provinces of Guizhou and Yunnan and the municipality of Chongqing in the south and then selling them up north in Hebei through intermediaries.

Yu was previously arrested in 2000 for child abduction but only went to jail for two months. In 2004, she was jailed for eight years for the same reason.

China govt-linked hackers: Trump and Vance’s phone data in the crosshairs

CHINA: The Chinese government-linked hackers have targeted the phone communication of presidential candidate Donald Trump and vice president JD Vance, which is part of their spy efforts into the US government.

The information was provided by reliable sources to CNN reporters. The hackers also targeted people involved with the Harris-Walz campaign and officials in President Joe Biden’s administration.

However, it is unclear if they managed to access any data and, if so, what sort of data they managed to access.

The FBI and the US Cybersecurity and Infrastructure Security Agency (CISA) issued a statement on Friday saying:

“The U.S. government is investigating the unauthorized access to commercial telecommunications infrastructure by actors affiliated with the People’s Republic of China.”

The FBI and the CISA also said they immediately notified affected companies once they identified the hacking, rendered technical assistance, and rapidly shared information to assist other potential victims.

CNN reported that the hacking is part of a much bigger campaign by China and that they have gained access to multiple US telecommunications firms.

Investigators suspect that they are looking for national security information.

However, there is no indication that the hackers looking for data on Trump and Vance’s phones were looking for data related to US law enforcement activity.

According to CNN, the targeted companies were AT&T, Verizon and Lumen.

Virginia Democrat Senator Mark Warner told CNN, “This is a very serious breach that the committee is monitoring on a daily basis,”

Tennessee Republican Rep Mark Green said, “It’s a very concerning cyber breach. It is broad and deep.”

The Chinese government, however, is rejecting all allegations. China has also earmarked 10 congressional, state and local election races with covert social media campaigns.

China, Russia and Iran are trying to influence the US election in different ways.

Featured image by Depositphotos (for illustration purposes only)

When The Phone Rings: Heo Nam Jun and Chae Soo Bin reunite years after graduating from college

0

KOREA: As reported by Soompi, MBC’s upcoming drama When the Phone Rings has released new preview stills!

When the Phone Rings is an adaptation of a webbook that centres around a couple in a convenient marriage who gets a threatening phone call, which creates tension and mystery.

Heo Nam Jun, Chae Soo Bin, and Yoo Yeon Seok are part of the cast for When The Phone Rings. 

Hong Hee Joo, played by Chae Soo Bin, is a sign language interpreter who had a childhood accident that left her voiceless. Heo Nam Jun plays Ji Sang Woo, a charismatic psychiatrist admired for his looks and kind nature.

Photo: Instagram/MBC Drama

What might lie ahead?

In the newly revealed images, Hee Joo and Sang Woo reconnect in sign language, marking their first meeting since graduation. This reunion scene raises questions about the depth of their connection and what might lie ahead.

In her empty marriage to Baek Sa Eon (Yoo Yeon Seok), Hee Joo often feels isolated. One day, she unexpectedly meets Sang Woo, a former college senior and past volunteer partner.

Although they haven’t spoken in years, the two quickly reestablish their bond, communicating through sign language, with their interactions filled with warmth and familiarity.

Uncertainty about their relationship

Their reunion after years apart hints at a complex history between them. Sang Woo’s reappearance seems to provoke jealousy and suspicion in Hee Joo’s husband, Sa Eon, adding a layer of tension and uncertainty to their relationship.

When the Phone Rings premieres on Nov 22 at 9:50 pm KST, promising a story rich in romance and mystery.

Chae So Bin is a talented South Korean actress known for her versatile roles and captivating performances. She was born on July 10, 1994, in Anyang, Gyeonggi-do, South Korea.

She gained recognition for her role in the popular historical drama “Love in the Moonlight” (2016), where she portrayed the intelligent and witty court lady Jo Ha Yeon.

MAS announces 42 finalists for the 2024 Global FinTech Hackcelerator and FinTech Excellence Awards

0

SINGAPORE: The 2024 Global FinTech Hackcelerator and the Singapore FinTech Festival (SFF) FinTech Excellence Awards have 42 finalists, which will be revealed at the SFF FinTech Excellence Awards dinner on Nov 7, according to a released statement by the Monetary Authority of Singapore (MAS) on Oct 28.

This year’s theme, “Improving Financial Health,” focuses on developing financial products and tools to help individuals and businesses manage their resources effectively, build financial resilience, and create growth opportunities in today’s changing economy.

MAS announced that there are 18 finalists from the Global FinTech Hackcelerator, which received 77 proposals from Australia, Bangladesh, China, Hong Kong, India, Indonesia, Kenya, Nigeria, the Philippines, Singapore, South Korea, and the United States.

These finalists submitted innovative and market-ready solutions that use technologies like Artificial Intelligence (AI) and Distributed Ledger Technology (DLT) to improve the financial health of individuals and businesses.

The finalists will participate in a two-day programme by Elevandi to network and collaborate with corporates, investors, and industry experts. They will also receive mentorship from their assigned Corporate Champions.

The finalists will then pitch their ideas at the Global FinTech Hackcelerator Demo Day during the SFF on Nov 6. Each finalist will receive a cash stipend of S$20,000, while the top three winners will each get S$50,000.

The SFF FinTech Excellence Awards 2024, held with the Singapore FinTech Association (SFA) and supported by PwC Singapore, received more than 200 submissions across six categories.

For the five Corporate categories, there were 175 submissions, leading to four finalists shortlisted for each category. In the Individual category, the FinTech Mentor Award, 29 submissions resulted in four finalists.

The SFF awards aim to recognise innovative FinTech solutions that have transformed industry practices.

This year, the award categories have been “revamped to be more outcome-focused,” concentrating on the impact and effectiveness of solutions, especially in areas like financial inclusion and regulatory compliance.

A thematic Corporate category in AI and Quantum technology has also been added.

Mr Sopnendu Mohanty, Chief FinTech Officer at MAS, congratulated the finalists, saying, “Your innovative solutions inspire us and push the boundaries for shaping a more inclusive and dynamic future.”

For the full list of the 2024 Global FinTech Hackcelerator finalists, check here.

For the 2024 SFF FinTech Excellence Awards finalists, check here. /TISG

Featured image by Depositphotos

The Fiery Priest 2: Kim Nam Gil, Honey Lee, Kim Sung Kyun, BIBI, and others face thorny drug case

0

KOREA: According to Soompi, SBS’s highly anticipated The Fiery Priest 2 has unveiled a new poster!

First airing in 2019 with a peak viewership of 22%, The Fiery Priest follows a Catholic priest with anger management issues and a timid detective as they team up to solve a murder.

Season 2 brings back fan-favourites Kim Nam Gil, Honey Lee, and Kim Sung Kyun alongside new cast members.

Photo: Instagram/SBS

Strength with a focused look

In the bold main poster, Kim Nam Gil’s character, priest Kim Hae Il, holds a rosary with a determined expression, symbolizing his fiery resolve.

On his left is cheerful prosecutor Park Kyung Sun (Honey Lee) with her characteristic smile, while to the right stands detective Goo Dae Young (Kim Sung Kyun), who projects strength with a focused look.

Strong rivals accompany them:

Seo Hyun Woo’s Nam Du Heon, the head prosecutor in Busan, emanates suspicion while being held by Goo Dae Young, while Sung Joon’s Kim Hong Sik, the boss of a drug organisation, is confined by Park Kyung Sun.

BIBI’s character, Detective Goo Ja Young, looks intense, showcasing her commitment as part of Busan’s Drug Investigation Unit.

New dynamics

Season 2 introduces allies and new dynamics, including Go Dok Seong (Kim Won Hae), who becomes a valuable supporter.

Familiar faces from the Gudam Police Station—like Oh Yo Han (Go Kyu Pil) and Father Han (Jeon Seong Woo)—appear ready for action in Busan, hinting at an epic showdown.

New characters add to the excitement: Yang Hyun Min brings a comedic gangster energy, while Lee Dae Yeon, dressed as a priest, faces off with gangsters.

With its ensemble cast, Season 2 will pit the Gudam Avengers against a powerful drug cartel involving police, prosecutors, and organized crime. The Fiery Priest 2 premieres Nov 8 at 10 p.m. KST, following The Judge from Hell.

A multifaceted South Korean actor, producer, director, singer, and philanthropist is Kim Nam Gil. He is known for his intense performances and ability to portray complex characters.  

Singapore shares opened on a positive note on Monday—STI rose by 0.1%

0

SINGAPORE: Singapore shares opened on a positive note on Monday, Oct 28, following a weekend of mixed performances in overseas markets.

The Straits Times Index (STI) rose by 0.1%, gaining 2.85 points to reach 3,596.26 by 9:03 am, The Business Times reports.

In the broader market, there were 63 gainers compared to 55 losers after 48.2 million securities valued at S$52 million were traded.

Real estate and entertainment firm KOP Ltd led the trading volume. Its shares rose by 27%, or S$0.01, reaching S$0.047, with 5.6 million shares traded.

Meanwhile, CapAllianz, an investment holding company, recorded a 50% drop, falling to S$0.001. Another active stock, e-commerce firm Y Ventures, remained flat at S$0.009.

Most banking stocks also opened trading on a positive note. DBS slightly gained 0.03%, or S$0.01, to S$39.16. OCBC rose by 0.2%, or S$0.03, to S$15.35, while UOB remained steady at S$32.49.

Wall Street closed on Friday with mixed results, as investors kept an eye on the upcoming US presidential election and awaited major earnings reports from tech companies like Apple and Meta.

The Dow Jones Industrial Average slipped by 0.6% to 42,114.40, while the S&P 500 edged down less than 0.1%, closing at 5,808.12. On the other hand, the Nasdaq Composite Index saw a 0.6% increase, closing at 18,518.61.

European stocks ended the week on a quieter note, largely due to weaker-than-expected earnings from carmakers. The pan-European Stoxx 600 dipped less than 0.1% to 518.81. /TISG

Read also: Singapore stocks retreated on Friday morning—STI dropped 0.2%

Featured image by Depositphotos

18yo dental assistant, who works 11 hours daily for S$1.59K/month salary asks, “Are these hours and this pay the norm in Singapore?”

SINGAPORE: An 18-year-old Singaporean took to social media on Monday (Oct 21) to share that her take-home pay amounted to only S$1,590 despite working 11 hours daily as a full-time dental assistant.

In her post on r/askSingapore, a Reddit forum, she mentioned she was the only support staff at the clinic, responsible for ‘assisting with dental surgeries, managing orders and deliveries, handling inventory, opening and closing the clinic, and being the hygienist.’

She also revealed that her 20-minute lunch break is often rushed and happens randomly because the clinic operates non-stop.

She went on to detail her exhausting daily schedule, writing, “I wake up at 6 am and start commuting at 7.15 am to reach the clinic by 8.30 am. I finish work around 7.20/30 pm and commute; I reach home at around 8.20 pm.”

“I work these hours Monday-Saturday. Around 11 hours a day × 6 days a week ≈ 66 hours a week.”

What made her situation even more overwhelming was that she had been left to cover additional duties after the clinic’s receptionist had to leave for personal reasons, forcing her to juggle multiple roles on her own.

So, in addition to her primary responsibilities, she was also put in charge of scheduling patient appointments, processing payments, and addressing patients’ queries.

“I know this is a job that needs zero experience, but my duties cover literally everything,” she lamented.

Having grown up abroad and being unfamiliar with the typical working conditions in Singapore before starting at the clinic, she expressed her confusion, stating:

“I guess what I’m trying to ask is if this is normal. Are these hours and this pay the norm here? I know SG has a reputation for hustle culture, but this seems a bit excessive.”

Moreover, she mentioned she felt conflicted about leaving the job as the dentist was a family member.

However, given that she needs to start preparing for her university applications, she’s planning to cut down her work 5 days a week starting in November.

“It’s not even like I desperately need the money either; I just feel bad leaving the job at this point as it would just be the dentist alone in the clinic. It is also so lonely because there are no other coworkers,” she explained.

“It sounds like you’re being exploited by your own relatives, of all people.”

In the comments section, many Singaporean Redditors thought that the young woman was being exploited by her own family member and thus advised her to leave the job.

One Redditor said, “If your family member does not value you enough to pay you well, don’t feel bad about leaving. Look at job sites for the market rate for dental assistants; it shouldn’t be this low.

My friend works as a dental hygienist; she’s doing pretty okay and leaves work early.”

Another expressed, “It sounds like you’re being exploited by your relatives, of all people.

I wouldn’t work for relatives or friends because the dynamics make it easier for them to take advantage of you, and you should maintain boundaries between the workplace and familial/social relations.”

Others encouraged her to reflect on her long-term goals, asking if the job aligned with her career aspirations.

One Redditor said, “Is this job helping with your degree or future career? Are you staying because you want to be a dentist and think you can learn from it?

If not, you really should cut down your hours or consider leaving. Your future and well-being should come first.”

Some also urged her to ask for a salary increase and to ensure she is compensated for the overtime hours she has been putting in.

One Redditor added, “Ask for a salary increase and longer break time. If not, no need to give face; just quit after finding a new job.”

Read also: SG man earning S$4K/month says, “commuting to work at 8am and return home at 10pm while being responsive 24/7” makes his life hopeless

Featured image by Depositphotos (for illustration purposes only)

Maid says she’s forced to wake up at 5:40am to work without any rest in between and can only sleep at 12-1 am

SINGAPORE: A domestic helper took to social media on Tuesday (Oct 22) to share her gruelling work schedule.

In her post on the ‘Singapore Direct and Agency Hired Domestic Helpers’ Facebook group, she explained that she wakes up at 5:40 am to start work without rest in between and can only sleep at around 12-1 am.

She detailed her daily routine, stating she gets up at dawn to prepare breakfast for the three children, aged 5, 9, and 11. She then packs their lunches and assists them with Chinese and English lessons.

At 7 am, she takes them to school. When she returns home, she continues doing all her household chores and prepares another breakfast set for her employers at 10 am.

Although she tries to take a moment to rest while they eat, she mentioned she often gets interrupted by additional requests from her employers, preventing her from catching a break.

“My ma’am asks me, can you cook for me this or that or whatever or ask me to do this or that and don’t want me to rest?” she said.

Her afternoons are also equally demanding, as two of the children return at 2 pm, requiring her to assist with their homework and other activities.

“I help them with their lessons even though the agreement was just to assist them… the parents don’t care about them,” she expressed.

From 4 pm, she begins preparing dinner and cooks until 6 pm, only to spend the next few hours waiting for the family to eat, which can be as late as 7:30 pm or even 9 pm.

Once dinner is over, she cleans the kitchen until 10:30 pm, then bathes the youngest child and assists him with his studies until 11 pm.

“After that, they still play when I go to my room. I cannot sleep because they always open the door. I share a room with the girl,” she explained.

“They are active and energetic children; they sleep 12 am or 1 am, so tiring every day. What am I going to do?”

Moreover, she mentioned she only renewed her contract with her employers because they promised her she could rest early if she did.

However, realising no changes have occurred, she is now reconsidering whether to continue working for them. “Do I continue my contract or find another employer? Please advise me,” she asked.

“Ask yourself, can you survive for another few years?”

In the comments section of her post, a few netizens suggested she have an open conversation with her employers about her workload and the need for breaks.

One netizen said, “If your employer is good to talk with, try speaking with them.” Another remarked, “You have to be open and courageous to speak to your boss on how best they can support you.”

A third added, “Ask yourself, can you survive for another few years? Any reason or reasons why you should stay? Your answer to these questions will determine your future.

You have to decide not to blame others just in case things don’t work out.”

Some also questioned why she is tasked with teaching the children as well.

One netizen expressed, “A helper is a helper to do the house chores, not a teacher. Their parents should get a tutor for them instead. This is unfair; they give their helper a better time to rest. This is too much.”

Conversely, others urged her to prioritize her well-being and consider leaving her current employers. One netizen stated, “It’s better for you if you find another employer. You’re not a robot.”

Another commented, “You should find another employer. There’s no need to risk your life with that kind of family. You’re family and health are more matters!!!”

Read related: Woman claims her former domestic helper is being mistreated and exploited by her current employer

Featured image by Depositphotos (for illustration purposes only)