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Latest Posts By pharoah88
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| 22-Jul-2010 11:53 |
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Photographying Floods can be risky too
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What price Flooding? Homeowners worried property values in flood prone areas could fall ESTHER NG AND LEO NG WEE KEAT estherng@mediacorp.com.sg SINGAPORE “It’s already clear in people’s minds which areas are flood-prone. This could dampen demand and prices for these places,” said ERA’s Asia-Pacific associate director Eugene Lim, who reckoned that both residential and commercial premises could take a hit of 10 to 15 per cent. While it is unlikely that homeowners will rush to sell their property, “potential rental values” in these areas, which include Telok Kurau, Opera Estate and Thomson, “could possibly be affected”, he added. Ngee Ann Polytechnic lecturer Nicholas Mak agreed: “There’s always a risk that flooding will damage cars, paintwork, plants or cause the electrical system to short circuit, something which tenants will bear in mind.” Mr Faiek Peck, a tenant at one of the townhouses on Gentle Road, off Dunearn Road, told MediaCorp on Tuesday that he planned to move out. “We’re discussing with the owner whether we can get out of the contract or not ... If he’s not willing to improve the situation to do something to prevent it again, we’ve got to see what we can do, get lawyers involved and get out of here,” he said. While some homeowners may want out, buyers may not want to buy, said Mr Mak. This was on the mind of a homeowner at the Gentle Reflections development, who has been staying at a hotel with her family of four since last Saturday’s flood. Declining to be named, she said: “Who’s going to buy now after the bad publicity?” # CONTRARIAN WILL BUY ? ? ? ? # Yet, in the past few days, Knight Frank’s head of business unit Daniel Leong has received a few calls from buyers interested in Tessarina, a development along Wilby Road which has been hit twice by the floods, the first in November last year. “They’re hoping the owners would give up and sell at rock-bottom prices,” said Mr Leong. “But these owners are not moving. If they have to sell, it’s because they need a quick sale, but homeowners in Bukit Timah are solid financially.” While property consultants agree that property values in flood-prone areas may head south if flooding becomes a regular occurrence and flood-alleviating solutions prove ineffective, it is “too early to see longlasting change in buying and renting preferences”, said Mr Karamjit Singh, managing director of real estate consultancy Credo. He described the three floods in the last month as “the exception” — a sentiment shared by property firm Cushman & Wakefield’s managing director Donald Han. “Bukit Timah is famous for flooding [but NOT into the houses ? ? ? ?], yet districts 10 and 11 are the preferred location for prestigious living – people buy with their eyes open,” he said. — The floodwaters have receded, and the worry now on the minds of some homeowners in low-lying areas is that property and rental prices will follow. Real estate experts have mixed views on whether values will dip or if this is just a premature, knee-jerk reaction. |
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| 22-Jul-2010 11:41 |
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Photographying Floods can be risky too
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More greenery, better drainage system If global weather patterns bring more rain — and flooding occurs regularly — developers will need to relook the design of their developments, which could include building multi-storey car parks, architects told MediaCorp. “It can be aesthetically pleasing with greenery and landscaping, blending in with communal areas,” Singapore Institute of Architects president Ashvinkumar Kantilal said. But this is not always possible to build multi-storey carparks when there are height restrictions. Developers also need to look at the topography of the land, said architect Dean Zhou, 34. “At the moment there’s too much ‘hardscape’. There needs to be more green turf and spaces to absorb the water,” he said. Improving the drainage system and installing more pumps in a basement carpark are other options. Building a hump of 15cm above the minimum platform level before the entrance of a basement carpark would also help, Mr Ashvinkumar said. ESTHER NGMore greenery, better drainage system |
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| 22-Jul-2010 11:36 |
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Photographying Floods can be risky too
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CYCLING and SWIMMING NEW CONSUMERS SECTORS for ECONOMIC GROWTH |
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| 22-Jul-2010 11:28 |
Genting Sing
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GenSp starts to move up again
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PICTURE RWS invites MONKS to PRAY for MORE MORE MORE MORE RAIN RAIN RAIN RAIN FLOOD FLOOD FLOOD FLOOD GENTING SINGAPORE BOOMZ BOOMZ BOOMZ BOOMZ |
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| 22-Jul-2010 11:19 |
Genting Sing
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GenSp starts to move up again
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HEARD: GOD wants an ORCHARD RESERVOIR ? ? ? ? may be later LATER, MBS will also become RESERVOIR ? ? ? ? GOOD NEWS for RWS GOOD FORTUNE for GENTING SINGAPORE |
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| 22-Jul-2010 11:12 |
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Photographying Floods can be risky too
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MINISTER GEORGE YEO just told the newspapers that SINGAPORE is just a BONSAI [probably a WORLD CLASS BONSAI]
YOG is for the kids equivalent to OLYMPIC BONSAI ? ? ? ? It is easy to mess the kids up and receive no complaints.
Otherwise, like MBS is sued by the World Lawyers when there was a Mess Up ? ? ? ?
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| 22-Jul-2010 11:02 |
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Photographying Floods can be risky too
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No way to prevent floods: MM Lee S’poreans expect everything to be perfect, but some things are ‘an act of God’ S Ramesh rameshs@mediacorp.com.sg TOO BAD ? ? ? ? ORCHARD RESIDENTS HAVE TO SHIFT OUT ? ? ? ? SELL THEIR ORCHARD PROPERTIES ? ? ? ? BLAME GOD ? ? ? ? |
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| 22-Jul-2010 10:58 |
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Photographying Floods can be risky too
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SO GOD wants an ORCHARD RESERVOIR ? ? ? ?
GOD did not ask people to buy ORCHARD properties ? ? ? ?
GOOD for RWS
GOOD for GENTING SINGAPORE
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| 22-Jul-2010 10:52 |
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Photographying Floods can be risky too
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UNBELIEVABLE
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| 22-Jul-2010 10:41 |
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Photographying Floods can be risky too
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MM Lee says no amount of engineering can prevent flooding
ENGINEERING is DOOM ? ? ? ? MERiTOCRACY ----> MEDiOCRACY ? ? ? ?
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| 21-Jul-2010 13:55 |
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Flood is a problem, now road side tree kills a man
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ACT of GOD ? ? ? ? DiD GOD plant this TREE ? ? ? ? CLAIM against NEA ? ? ? ? |
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| 21-Jul-2010 13:53 |
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Flood is a problem, now road side tree kills a man
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UNBELIEVABLE |
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| 21-Jul-2010 13:50 |
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Flood is a problem, now road side tree kills a man
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| 21-Jul-2010 13:49 |
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Flood is a problem, now road side tree kills a man
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| 21-Jul-2010 13:44 |
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Flood is a problem, now road side tree kills a man
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can CLAIM from employer compnay where owners [shareholders] are not there ? ? ? ? PAID by AH KONG [sharehoulders] ? ? ? ?
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| 21-Jul-2010 13:25 |
Amara
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Amara
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Amara Hotels and Resorts, the hospitality arm of Amara Holdings, yesterday announced a 272-room hotel project in central Bangkok. |
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| 21-Jul-2010 13:06 |
Genting Sing
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GenSp starts to move up again
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SPRING CHICKEN SUCKLING PIG PUPPY are ALL UNDERageD and should be BANNED
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| 21-Jul-2010 12:53 |
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DOW & STI
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A hot-cold Goldilocks global economy spells trouble SIMON TAY E Recently, Spain, another economy under scrutiny, issued a 10-year bond and allocated some US$500 million ($700 million) to China. Even the Chancellor of euro-giant Germany Angela Merkel was reassured during a state visit that the Chinese would continue to back the euro and hold European assets. Some see Europe depending on China as a sign that the latter continues to grow in global stature, payback for its past humiliation by colonial powers. I see instead an unequal, hotcold global economy that can cause problems. Problems in the eurozone loom large and will likely be protracted. Surveys show young Europeans do not expect a future that is better than their parents’. Vising Brussels last week, even amid a heat wave and the all-European World Cup Final, the economic cold could be felt. By contrast, the Chinese economy is hot, growing at more than 10 per cent, and it is not alone. The Asian Development Bank predicts Asia, excluding Japan, will grow 7.5 per cent this year. For Singapore, after the depths of last year, the first half rebound was spectacular at 19.3 per cent. Undergrads are again becoming picky in their choice of employer and government bonuses for civil servants will resume. Yet, this hot-cold contrast with Europe does not mean Asia has emerged triumphant from the crisis. Problems in Europe can affect Asia in the future. Greece is not really the problem. The core of Europe is affected too. The United Kingdom is reining in government debt. Next year, expect Germany — Europe’s largest economy and the ultimate guarantor of the Euro and Greek bailout — to also start serious tightening. This will touch Asia. About 10 per cent of Asian products goes into Europe — mostly Germany and the key economies — and Europe is a major trader and investor. uropeans are asking Beijing to invest in their economy and the euro, even as China seeks to cool its own burgeoning growth rates. Some may see a triumph in this, that China is the big winner in the ongoing crisis. When problems in Greece began to crystallise last year, one of their first efforts was to seek assistance from Beijing.TOO GOOD TO BE TRUE ? For Asia, the current figures may be too good. China shows signs of over heating. Beijing is struggling to prevent asset bubbles but too much credit tightening could lead to collapse. Events in their housing market will be anxiously watched. For Singapore, the numbers rise steeply from the lows of last year. Some sectors are driven by restocking inventory and could be temporary oneoff factors, rather than indicators of a broad and sustained recovery. The euro depreciation bears attention. It has already come down some 17 per cent compared to the yuan. German exports in recent months have soared on the back of Chinese demand. Asian consumers too will find European holidays and luxury goods cheaper. Europeans are tightening their belts to cut government spending, while hoping that selling to China and elsewhere can keep their factories busy. The hot-cold economies will seek to rebalance themselves. The process, however, can neither be simple nor without consequences. Reacting to domestic circumstances, each region may take action that could have untoward results for others. Asia must hope that Europeans are not entirely inward looking and pre-occupied. The way Europeans have turned to In this engagement, equality and mutual respect in the relationship must follow. The historical European sense of superiority must be put aside and any growing sense of Asian triumphalism resisted. The contrast between the hotcold economies reminds me of the three bears in Goldilocks. Two bowls of porridge, like today’s economy, were too hot or too cold. Only the last bowl was just right. This is not easy to emulate in the global economy. If we can’t get it right, the danger is we alternately burn, freeze and then live with the tepid. China is not, in this sense, a bad sign. But it would be best that others in Asia are also engaged.The writer is chairman of the Singapore Institute of International Affairs and author of Asia Alone: The Dangerous Post Crisis Divide From America. He was a keynote speaker at the Asia-Europe meeting public conference in Brussels. |
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| 21-Jul-2010 12:41 |
Others
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Flood is a problem, now road side tree kills a man
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Residents jittery over what the next storm will bring SINGAPORE Some frustrated households at Gentle Reflections have moved to hotels and serviced apartments for $700 to $1,000 a night. Some tenants, like Mr Adre Volschenk, have had enough. The South African plans to move out of the townhouses at Gentle Road, off Dunearn Road, once his lawyer settles the lease agreement. He has lost two cars and $15,000 worth of personal items when the flood waters came on Saturday. “I’m not comfortable living here. My family is traumatised. My maid almost drowned in this whole thing,” he said. Domestic helper Lalaine Suratos, 30, awoke that morning to find the basement filled with ankle-high water, which rose to her chest and kept rising. “I had to jump onto a chair to stay above the water,” she said. If not for Mr Volschenk, who pulled her to safety, the maid would have drowned in the rising waters. The 30-year-old Filipina was warded at Tan Tock Seng Hospital after she complained of stomach cramps. She has since recovered. The flood was the second in a month at the development. In the first, the waters rose to around knee height and Mr Faiek Peck is fed up with the landlord. He said: “If the owner isn’t prepared to do anything, we can’t risk going through this again.” He But not all residents want out. Swiss national Frank Hemm would like to remain if the drainage issues are resolved, as his daughter attends a school in the vicinity. When contacted yesterday about the tenants’ concerns, a spokesman for the property’s management said it had “given enough help” to the residents.As it began to rain yesterday, the residents’ jitters were evident. Mr Volschenk put aside his cleaning at home and tended to the development’s underground drain, which was starting to fill up with rainwater. After 10 minutes of trying, the water pump finally kicked into life. Mr Volschenk said: “I’m just frustrated because between PUB and the management of Gentle Reflections, nobody seems to be committed to solving the obvious problem that we have over here”.
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| 21-Jul-2010 12:32 |
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Photographying Floods can be risky too
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Marina Barrage not the cause of floods: PUB SINGAPORE PUB’s director of Catchment and Waterways Tan Nguan Sen said if the water level in the reservoir exceeded its upper limit, water will be drained out, either by opening the flood gates, or by pumping the water out. Data shows that at 5.30am that Saturday, the flood gates were activated. By then, it had been raining for an hour. On the other side of the Barrage, the tide was also falling, and by 6am, the tide had fallen to below the water level in the reservoir. This allowed all eight gates to be opened fully so that the excess storm water could flow out. Mr Tan added that the Barrage helped prevent severe flooding in the immediate downtown areas, though not in places that are further upstream, such as Orchard Road. — Recent flash floods have prompted MPs and some Singaporeans to ask if the Marina Barrage was doing its job. And the PUB’s reply is yes. At a media briefing yesterday, the national water agency said data showed that during the two-hour storm on Saturday morning, the water level at the Barrage was within its capacity limits. The range is determined by several factors, including sea levels during low and high tides.Hoe Yeen Nie |
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