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Rent increase pushes fishball noodle stall to shut after 82 years

Commentary: Relocating for work is tough — but the gains are well worth the discomfort and hassle​

Overseas experience is attractive to employers, notes the writer, but being away from home has its trade-offs. How can we best weigh the gains and costs?

Nurjannah Suhaimi/TODAY
Overseas experience is attractive to employers, notes the writer, but being away from home has its trade-offs. How can we best weigh the gains and costs?
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More and more Singaporeans are seeking to broaden their prospects abroad, but being away from the comforts of home has its trade-offs, notes the writer. How can we best weigh the gains and costs for ourselves?
IMG_1436%20crop.jpeg

Dawn SooThe author with her husband, Finlay Wright, in Hong Kong in March 2023, shortly before they relocated to Dubai

By Dawn Soo
Published September 12, 2024
Updated September 12,

One wonders: Is it truly worth it to leave our little red dot and venture abroad?

According to a new study by Cigna Healthcare, globally mobile individuals experience higher stress levels (86 per cent compared to the global average of 80 per cent). However, they also report better mental well-being — 58 per cent of globally mobile respondents report “excellent” or “very good” levels of mental well-being, compared to the global average of 46 per cent.

This suggests that while international assignments can be challenging, the resilience and adaptability developed through these experiences can also contribute significantly to overall well-being, and by extension, fulfilment in one’s career and life.

Read also​

'Singaporeans need to level up': Companies say flexi-work could push them to hire overseas


However, while overseas assignments can be immensely valuable for personal and professional development, we first have to be clear-headed about the benefits and priorities we are seeking before making that leap.
Having spent a significant chunk of my career based outside of Singapore, here’s my two cents on the matter.
 

73-Year-Old Granny Sells Hipster Coffee From Home In Joo Chiat Back Alley​

The irony? The bubbly grandma of five doesn’t drink coffee — she prefers tea and Milo. But that hasn’t stopped her from pulling cups of espresso and latte for curious customers from the neighbourhood and beyond.
Gwyn Lim
Gwyn Lim
15 Aug 2024 at 21:00
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KopikhooKopikhoo SGkopicoffeeartisanal coffeespecialty coffeeespressocold brewlatteamericanoiced americanocaramel lattecapuccinohole-in-the-wallcoffee kioskkioskjoo chiattakeaway foodcheap and good foodome based businesshbbtembeling roadJoo Chiat foodperanakancafecafe hopping73-Year-Old Granny Sells Hipster Coffee From Home In Joo Chiat Back Alley

While Joo Chiat is famous for its colourful Peranakan conservation houses, it's a plain-looking terraced house on Tembeling Road that's been attracting buzz on social media recently.

Tucked along an alleyway is three-week-old Kopikhoo, a cute home-based coffee kiosk that's only noticeable because of its Peranakan-style window carved out of a drab, off-white wall.

The lady in the window is chatty 73-year-old, Paulin Khoo, who serves artisanal coffee from her home kitchen.
 
This is sad ,many cannot retire as pigeon holes already ate up all cpf, lol, still see many upgrade to ec n condos, sad for their kids as they gv to shoulder expenses with ec n condos n also feed the old farts
 

Recap 6mth ago....huat big big start liao​

Apac real estate values emerge after ‘the great reset’​

https://www.businesstimes.com.sg/wealth/apac-real-estate-values-emerge-after-great-reset

Benett Theseira

Published Mon, Mar 18, 2024 · 06:55 PM
Real estate

  • The outlook for office space in Sydney, Seoul and Singapore appear compelling, despite headwinds in the office sector globally. PHOTO: BT FILE
  • The outlook for office space in Sydney, Seoul and Singapore appear compelling, despite headwinds in the office sector globally. PHOTO: BT FILE
  • The outlook for office space in Sydney, Seoul and Singapore appear compelling, despite headwinds in the office sector globally. PHOTO: BT FILE
  • The outlook for office space in Sydney, Seoul and Singapore appear compelling, despite headwinds in the office sector globally. PHOTO: BT FILE
  • The outlook for office space in Sydney, Seoul and Singapore appear compelling, despite headwinds in the office sector globally. PHOTO: BT FILE
THE sharp rise in global interest rates that took hold in the second half of 2022 drove a “great reset” of real estate values, with mixed impact on investors and lenders.
However, with interest rates peaking and inflation starting to ease, we are beginning to see light at the end of the tunnel. The Asia-Pacific (Apac) real estate market is set to begin its recovery in 2024, driven by stabilised capital values and resilient income returns.
The structural growth in terms of demographics, digitalisation and decarbonisation are driving secular shifts in occupier demand across real estate sectors and geographies. From the cyclical perspective, some markets in Apac current offer interesting entry prices and rental growth prospects, as the current cycle and price discovery enter a stabilisation stage.

Furthermore, the ongoing shift from the more highly regulated traditional bank-led financing and towards private market funding is creating new opportunities for debt investors.
 

Singapore rejects bid to build new business district​

State agency says price offered for land by developers was too low
PUBLISHED : 13 Sep 2024 at 17:58
WRITER: Bloomberg News

The Central Business District of Singapore has a low vacancy rate but many top firms have shunned locations outside prestigious skyscrapers in the city-state. (Photo: Reuters)
The Central Business District of Singapore has a low vacancy rate but many top firms have shunned locations outside prestigious skyscrapers in the city-state. (Photo: Reuters)


https://www.bangkokpost.com/busines...re-rejects-bid-to-build-new-business-district. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved.

The consortium includes CapitaLand Group, owned by the state investor Temasek Holdings; and the city-state’s largest listed developer City Developments Ltd. Others involved were Frasers Property Ltd and the Japanese firms Mitsubishi Estate Co and Mitsui Fudosan Co.

The move is a setback to efforts by the city-state to decongest its Central Business District, where office vacancies remain tight. But many of the top financial and technological firms that have flocked to the financial hub have shunned locations outside prestigious skyscrapers in the city, opting instead to downsize offices or locate their staff overseas.

so many WFH across the causeway liao...no need to downsize offices ler
 
At the same time, developers are starting to pull back from taking major risks or making pricey bids as the country’s heated residential market cools.

Another bid for a prime land site near the city centre was already rejected in February, while a housing site failed to attract any interest from developers for the first time in more than two decades in June.

The URA said the government remains committed to developing the site, which was envisioned to include business, residential and recreational space, and will continue to engage with industry stakeholders.

The land parcel will be placed on a so-called reserve list, allowing interested parties to trigger another bidding round if they meet a minimum price that is acceptable to authorities.
 
We should hold Annual Taylor Swift Cincert in SG Jurong to generate more international business awareness of 2nd CBD de
 
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