The entire year of 1997 saw a 12.5% drop in private home prices with the number of transactions down 43% from 1996 at 6,990 the biggest annual drop since the 1985 to 1986 property slump and transactions plunged 42.8 per cent to 6,990.
The Borders Group established its first international store here in Singapore, occupying 32,000 square feet (3,000 m2) in Wheelock Place, Orchard Road. It was the largest bookstore located here in Singapore. Read more »
SilkAir Flight MI185, a Boeing 737, was on a scheduled passenger flight from Jakarta, Indonesia to Singapore. MI185 crashed after abruptly plunging into the Musi River from its 35,000 feet cruise altitude, killing all 104 people on board, 97 passengers and 7 crew. The cockpit voice recorder and flight data recorder stopped recording, at different times and for no apparent reason, minutes before the aircraft departed level flight and entered a steep vertical dive. The Boeing 737 Aircraft operating as Flight MI 185 was the newest in SilkAir’s fleet, delivered to the airline ten months prior to the crash. The U.S. NTSB concluded that the crash resulted from an intentional act by a pilot, most likely the captain.
A ground-breaking ceremony for Singapore Training Facilities at Oakey in south-east Queensland, Australia. The ceremony will mark the start of construction of new facilities at the Australian Army Aviation Centre at Oakey for a Republic of Singapore Air Force (RSAF) helicopter unit. Read more »
When the Asian financial crisis started, and premiums for big cars fell to $50 on this day. That was when COE bidding was conducted in a closed tender system in which bidders could not see the prevailing rate of other bids. The $50 COE was then described as “just a fluke” and COE prices bounced back to previous levels of about $64,000.
Singapore’s Minister for Education and Second Minister for Defence, Rear Admiral (RADM) (NS) Teo Chee Hean, unveiled a plaque to commemorate the official opening of the new facilities at the Republic of Singapore Air Force’s (RSAF) Peace Prairie Detachment in Grand Prairie, Texas. Read more »
The Housing Board (HDB) unveiled a new type of housing – studio apartments targeted at Singaporean HDB flat-owners aged 55 or older. For a start, it would build 580 units at four sites in Tampines, Bedok, Yishun and Jurong East. Minister for National Development Lim Hng Kiang said the partially-furnished studio apartments would have elderly-friendly features and would be sold on 30-year leases which could be renewed for another 10 years.
The new KK Women’s and Children’s Hospital was officially opened.
The RSS Challenger, a Sjoormen-class submarine (small coastal submarine), is the first submarine acquired by the Republic of Singapore Navy (RSN). The RSS Conqueror was the first of four former Swedish navy submarines acquired. Read more »
Bionix, the first Infantry Fighting Vehicle (IFV) manufactured by Singapore’s defence industries, rolled out at the Singapore Technologies Automotive Limited (STA) at Portsdown Road this evening. This follows the announcement in Mar 97 by the Deputy Prime Minister and Minister for Defence, Dr Tony Tan, that STA had won a contract to specially design and build a fleet of IFV for the SAF. The SAF will receive the first batches of the vehicle from Jan 98 onwards. Read more »
The World Gourmet Summit is a celebration of gastronomy, held in Singapore annually. It is attended and participated by the world’s masterchefs and vintners, who showcase their gastronomical creations to trade and public visitors alike. World Gourmet Summit Forum was held in Singapore from 24 to 31 July 1997 at the Suntec City and hotels. The premier brought together master chefs from 12 hotels and restaurants around the world who cooked and conducted classes, as well as took food-lovers on a gourmet safari where the chefs treated them to four course-meals at a handsome price.
Major Events, Nation Building, People, Religion No Comments
Racial Harmony Day was first launched on 21 July 1997. It is part of the National Education Programme, headed by the Ministry of Education and is celebrated on the anniversary of the communal riots that occurred on 21 July 1964.
The Republic of Singapore Air Force was involved in an unusual exercise of evacuating Singaporeans and Cambodians from different sides of the conflict. The RSAF flew 450 Singaporeans from Phnom Penh to the Paya Lebar Airbase. Among the Cambodians was ousted First Prime Minister Prince Ranariddth’s son. Quite a number witnessed looting and had to endure several blockades before reaching safety.
The Asian financial crisis started with the 20% devaluation of Thailand Bath. This event occurred two months after Thailand Bath started to suffer from a massive speculative attack and a little more than a month after the bankruptcy of Thailand’s largest finance company, Finance One. This first devaluation of the Thai Baht was soon followed by that of the Philippine Peso, the Malaysian Ringgit, the Indonesian Rupiah and, to a lesser extent, the Singaporean Dollar. Read more »
The RSAF always conducts a thorough investigation whenever an intrusion is alleged. As of date, no RSAF pilot found to have intruded into Johor airspace. Should the pilot be found to have broken the rules, he will be dealt with severely.
A 155mm artillery round exploded in the barrel of a FH2000 gun howitzer on Sunday in Waiouru, New Zealand, during a live firing exercise conducted by the 23rd Battalion, Singapore Artillery. The incident resulted in the death of two full-time national servicemen, Third Sergeant Ronnie Tan Han Chong and Lance Corporal Low Yin Tit. Another 12 servicemen, including a Staff Sergeant from the New Zealand Defence Force, were injured in the incident. Read more »
The Chief of Air Staff, French Air Force, General (GEN) Jean Rannou, and the Chief of Air Force, Major-General (MAJ-GEN) Goh Yong Siang, signed a Technical Arrangement for the establishment of a French Air Force – RSAF Air Group which aims to promote cooperation and the sharing of information in professional military matters. Read more »