Daily Archives: November 10, 2014 (21 Articles Found)
Lower mortgage rates help
this manager grow his savings
Refinancing with the POSB HDB Loan has enabled Pattabiraman Ramakrishnan to reduce the monthly mortgage payments on his flat. And this has translated to additional cash each month to help him build up his retirement savings. Said the…
Home loan calculator – you should definitely read this before using one
Applying for a home loan in Singapore feels like a lot of shows on cable right now. A home loan calculator is a common tool to help you reduce your stress. Good home loan calculators start by getting…
Buying a lake life EC unit? Here are 3 things you should know before choosing your home loan
If you were one of the lucky few that secured a unit at Lake Life over the weekend, you may have really lucked out on a bang for buck property purchase. With property prices continuing to drop and…
Over 600 HDB sellers extend stay in flat
When Madam Muhainah Md Salleh sold her HDB flat in Sept, she was prepared to rent it back from the buyer while waiting for her new unit to be renovated. But the 55-year-old civil servant did not have…
Supply glut, tightening expat demand depressing rents
The private residential leasing market has grown steadily weaker from the previous year in most districts of Singapore, with unpopular suburban locations the hardest hit. And no reprieve is in sight as latest Q3 figures show non-landed private…
Renting beats buying a home? It depends
New research says it may be cheaper to rent than to buy a home in Singapore, if residential property prices here continue their current moribund trend. But does this necessarily mean homebuyers here are better off switching to…
Nature-inspired condo to launch this weekend
Comprising two blocks with a total of 250 units, the project at Geylang East Ave 1 offers one to three-bedroom, four-bedroom dual-key units, as well as dual-key penthouse units. The indicative average sale price is $1,560 psf and…
Red light cameras to be digital by June 2015
The Traffic Police (TP) has begun installing digital traffic cameras around Singapore since Mar 1 this year. A total of 240 such cameras will be installed by next June and to date, half of them have been installed,…
Keppel T&T proposes mainboard listing of Keppel DC REIT
Keppel T&T is planning to list Keppel DC REIT on the Mainboard of SGX. Keppel T&T CEO Thomas Pang said on Mon: “There has been a surge in demand for data centres, driven by a growth in e-commerce,…
Public opinion sought on Bills targeting community disputes
A public feedback exercise on two Bills Community Dispute Resolution Tribunals and Civil Law (Amendment) was announced by MinLaw on Mon. The Civil Law (Amendment) Bill sets out the provisions for the new cause of action and examples…
NParks nursery to be opened to public for the first time
This Sat, NParks nursery in Pasir Panjang will throw open its doors to the public for the first time. The series of guided tours arranged by NParks was fully subscribed within two days. About 200 people have signed…
Fine those who continue to clutter up common corridors
It is pointless for URA and HDB to plan more “liveable” public housing estates, if no less an authority in estate management than the town councils continue to tolerate the bad habits of those HDB residents who treat…
Time to change tack in dealing with ‘clutter culprits’
Keeping common corridors clear is an important safety measure against fire (“Cluttered corridors trip up town councils”; last Fri). While soft approaches like education and persuasion are more amicable and may be preferred by some town councils, stricter…
Hire a ‘banker’
Good real estate agents are like bankers, they are experts at analysing and negotiating. In business as in life, you don’t get what you deserve, you get what you negotiate. When buying a home, the price has to…
Bigger slide in prices for landed property
Landed homes are taking more of a hit than apartments in the lacklustre property market, with prices falling and demand drying up. The price index for landed property has fallen 5.1 per cent over the past four quarters,…
City centre commercial property still a potent force
The record-breaking sale of a floor at Samsung Hub in Church St last week is as good a sign as any that city centre commercial real estate remains a potent force amid a general property downturn. Investor interest…
Group wants councils to be formed to champion heartland heritage
Civic group My Community is proposing that residents, businesses, civic groups and government representatives form councils to champion heritage matters in the heartland. It said that such a council should have the power to push for heritage impact…
How private housing rents have moved
Shrinking housing budgets for expats and a supply glut of completed condo homes are key factors that have been weakening the rental market. BT compares how much rentals have fallen across various districts in Singapore within a one-year…
Sysma Holdings secures $58 million high-end project
Sysma Holdings Limited announced that it has won a $58 million contract. This is to build a high-end mixed development project at Oxley Rise, Singapore. The 10-story development will comprise 120 residential units, ancillary facilities, a residential carpark,…
Risks intensify for APAC REITs amid looming interest rate hike
Risks are intensifying for the region’s REITs as the US Federal Reserve moves to raise its interest rates. According to a report released today by Standard & Poor’s, higher interest rates will have major repercussions on REITs because…
Capitaland’s residential property sales plunged 91% in Q3
Year-to-date sales value plummeted 80% to just $444m. The lacklustre local residential property segment continued to be the weakest performer in Capitaland’s Singapore business in the third quarter. Capitaland only sold 42 units last quarter, down 91% year-on-year…
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