Daily Archives: May 9, 2014 (19 Articles Found)

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The source for this article is no longer available

Drawback selling flats buy bigger private units

The source for this article is no longer available

HDB resale prices to soften

OpenNet fined $240,000 by IDA for breaching quality standards

OpenNet has been fined S$240,000 by IDA for breaching its non-residential Quality of Service (QoS) standards for timely service provisioning from April to Sept 2013. In arriving at the quantum of the financial penalty, IDA took into consideration…

Analysts cautioned investors the risks of buying medical units

While demand for medical suites has remained healthy, some property analysts cautioned that investors should be aware of the risks involved before buying medical units, which can cost at least S$2 million each. In the last two to…

New maritime simulation centre launched with state-of-the-art facilities

A new maritime simulation centre was launched on Fri which costs some S$4 million, boasts state-of-the-art facilities, including engine room and liquid cargo handling simulators, the latest 240-degree full mission bridge simulator. Called the Wavelink Maritime Simulation Centre,…

Commonwealth Towers’ location attracts strong sales

The 845-unit Commonwealth Towers in District 3 continues to see brisk sales since its first day of launch on 1 May, where an additional 100 units were released on top of the initial 300 due to strong demand.…

Turn Flyer’s fortunes around with open-air capsules, go-karting

In the report “Singapore Flyer’s woes take a new spin after Merlin talks collapse” (May 8), Mr Bernard Yu, head of SingExpress Travel’s inbound department, hit the nail on the head when he commented on why the Flyer…

Rooftop graffiti: Mystery deepens after probe finds no security breach

The mystery surrounding the graffiti found on Wed along the rooftop of a 22-storey HDB block deepened yesterday, after coordinating chairman for the PAP Town Councils Teo Ho Pin said investigations by the Bishan-Toa Payoh Town Council indicated…

Why HDB flats may not be the foolproof assets you thought they were

Over the better half of the past decade, Singaporean HDB flat owners have seen their real estate portfolio shoot up consistently as a result of the increasing resale and COV rates. Unfortunately, the volatile rollercoaster finally peaked and…

Why condo units are shrinking

Private developers are only meeting the growing demand for smaller condominium units (“Condo units shrinking; Apr 28). I know of people who are holding on to their HDB flats and buying small private condo units either to rent…

Continue letting HDB flat owners buy private property

I disagree with Ms Chan Suan Yen (“Why condo units are shrinking”; Wed). First, she said private developers of smaller condominium units are meeting the demand from buyers who cannot afford the quantum for larger units, because they…

Serangoon North HUDC privatised, but en bloc hopes not high

The Serangoon North HUDC Estate has been privatised under the Land Titles (Strata) Act, clearing the way for a potential en bloc sale of the seven blocks of apartments, although analysts said a collective sale would be challenging…

Drawback selling flats buy bigger private units

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It has been decades since the HDB was set up with the mission of providing affordable homes for Singaporeans (“Why condo units are shrinking” by Ms Chan Suan Yen; Wed). Many HDB residents have become rich enough to…

Stingy developers slash land bids as property market turns sour

According to Savills, developers have in general become more cautious as the market shows signs of slowing and this is reflected in the moderation of bid prices in the recent GLS tenders. The gaps between the top two…

HDB resale prices to soften

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ERA expects the resale prices of HDB flats to ease further this year and, as prices stabilise, more first-time buyers could return to the resale market. “Our projection is for resale HDB prices to soften by 5-8 per…

Rooftop graffiti: Mystery deepens after probe finds no security breach

The mystery surrounding the graffiti found on Wed along the rooftop of a 22-storey HDB block deepened yesterday, after coordinating chairman for PAP Town Councils Teo Ho Pin said investigations by the Bishan-Toa Payoh Town Council indicated there…

HDB resale flat prices dip 0.2% in April

Resale prices of HDB flats dipped 0.2 per cent in Apr over Mar. The drop was driven by three, four and five-room HDB flats, which saw price weakening of 0.2 per cent, 0.8 per cent and 0.4 per…

Coco Palms opens for booking on May 17

City Development’s (CDL) latest resort-themed condo project at Pasir Ris, Coco Palms, is open for booking on May 17, with one-bedroom units starting from $498,000. The showflat, which opened last Sat, already drew more than 3,000 visitors. Property…

String of new malls to fire up shopping scene

Shoppers can expect more places to splash their cash at with a string of new malls scheduled to open by the end of the year. An estimated 1.9 million sqft of additional shop space will be ready by…

Bus firm well-geared for move to property

Mr Lee, 60, has taken over as MD of his father’s firm, Singapore-Johore Express (SJE). The family’s Singapore-Johore Factory still stands, but not for long. The eight-storey building was built around 1978 to house bus maintenance services. The…

Geylang Serai Market still going strong

It began life as a simple wet market under a zinc roof in 1964, a tumultuous year marked by racial riots. But Geylang Serai Market, which celebrated its 50th birthday recently, has prospered along with Singapore’s growth and…

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