Daily Archives: July 8, 2014 (19 Articles Found)

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12,700 more BTO flats to be launched in next six months

Another 12,700 flats will be launched in the next six months, according to a parliamentary written response by MND Minister Khaw on Tues. Of the 22,400 BTO flats targeted for this year, 9,700 flats have been launched. HDB…

Is it time to roll back the property cooling measures?

The TDSR framework, which aims to deter borrowers from accumulating too much debt, hit its one-year mark recently. The measure, together with ABSD, has hammered demand in the market. So is it an opportune time to review and…

Minister Khaw yesterday doled out relationship advice to young couples when asked about repayments and penalties should they break up after booking a flat together

MND Minister Khaw yesterday doled out relationship advice to young couples when asked about repayments and penalties should they break up after booking a flat together. He said they should not worry about being unable to afford a…

Humane sterilisation of strays is best approach

SPCA affirms the national effort to reduce the number of stray cats by sterilising/neutering them humanely (“Islandwide plan to sterilise stray cats”; yesterday). This is certainly justified and timely, considering the still sizeable number of stray (or more…

Banks legally obligated to make deductions in certain cases

We assure customers that banks operate based on customers’ mandate (“Do banks have absolute authority over customers’ funds?” by Mr Lim Tong Wah; last Thurs). Banks do not unilaterally transfer funds without any authorisation from customers. However, there…

Ho Bee Land names Chua Weijie as assistant manager for marketing

Ho Bee Land announced the appointment of Chua Weijie as assistant manager for marketing. Mr Chua, 26, will be responsible for the sales and leasing of the group’s properties. Prior to his appointment, he was associate, KPMG Corporate…

IRAS can appoint banks to recover overdue taxes

We thank Mr Lim Tong Wah for his feedback and the opportunity to clarify whether banks can step in to recover tax arrears owed by their customers. The vast majority of taxpayers in Singapore fulfil their social obligations…

Which companies stand to benefit from redevelopment in west Orchard?

1) Hotel Properties Limited (HPL) – The crown jewel in HPL’s portfolio is a large adjoining land site of 212,000 sqft comprising Forum the Shopping Mall, Hilton Singapore, Four Seasons Hotel and HPL House, all with 999-year leasehold…

Salesperson fined for dual representation

Tan Kok Wah David has been fined for representing both the landlord and the tenant in a property rental transaction. He had collected commission from the tenant and the landlord amounting to $8,800, and was sentenced to a…

As of end May 2014, 779 EC units had been launched and remained unsold. MND revealed this following a written query at yesterday’s parliament session. In the next 18 months, about 6,800 EC units are expected to be…

500 roads to get new LED lighting

Street lights at about 500 roads in Singapore will be progressively replaced with more energy-efficient LED lighting starting this month. The LED street lighting replacement programme will see some 4,000 LED street lights installed and will mainly cover…

Number of shophouses sold in Q2 likely at 5-year low

The number of shophouses sold in the second quarter of 2014 will be the lowest in over five years, said property analysts. According to caveats lodged, there were just 18 transactions between Apr and June. Analysts said this…

Using property to offset the CPF sum

MOM Minister Tan Chuan-Jin, speaking in Parliament on Tues, sought to “dispel misconceptions and myths” surrounding the CPF Minimum Sum scheme. Responding to a series of questions raised by MPs, Mr Tan said, for us in Singapore, assurance…

All it took was a video clip to convince them to buy a $2.6 million apartment

All it took was a video clip to convince Ms Annie Sun to buy an apartment. That was about five years ago when she received a telephone call from her housing agent telling her about a Tanjong Rhu…

Extend reach of sterilisation scheme for strays

I welcome the national effort to reduce the number of stray cats by sterilising them humanely (“Islandwide plan to sterilise stray cats”; yesterday). Sterilisation has always been the most effective way to reduce the population of stray animals.…

Clogged drains pose dengue risk

Mosquito breeding in outdoor areas and drains must be taken seriously as young children and the elderly are especially vulnerable to dengue. My family lives in landed property. Sometimes, we see PUB contractors cleaning the drains in front…

Mid-tier, luxury home sales stuck for now

Property investors hoping for a lift in the ailing real estate market were likely to have been disappointed last week. MND said last Mon it was not time to wind back the property cooling measures as private home…

Real estate agency’s bid to buy S’pore developer fails

A local real estate agency’s $55 million deal to acquire a Singapore property developer has collapsed before it even got off the ground. GPS Alliance, which operates here but is listed in Australia, announced on June 2 that…

Space crunch ‘drives up office rents in CBD and suburbs’

A space crunch in CBD and the completion of new suburban developments drove up office rents islandwide in the second quarter, consultants said. The data underlines two key trends: One is that firms that do not need a…

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