Daily Archives: February 29, 2016 (26 Articles Found)

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A property market wish list for Budget 2016

Budget 2016 is just around the corner and it’s going to be exciting, assuming you’re the sort of person who finds accrual accounting and a new stapler to be the highlight of your day. For the rest of…

Why do billionaires take out home loans?

Before I understood finance, I cast a reflection and didn’t have fangs. Also, I didn’t understand why billionaires like Kwek Leng Beng would have a mortgage. Kwek Leng Beng, for example, is worth $7.2 billion and he can…

Cross Island Line to have about 30 stations, with 600,000 trips made daily: Khaw

The 50km Cross Island Line (CRL) will be an important part of Singapore’s rail network, with about 30 stations, nearly half of them interchanges that will offer commuters many travel options, Transport Minister Khaw Boon Wan said. Spanning…

Don’t succumb to marketing mind games of property developers

It is a known fact that property developers and their marketing agents are excellent marketers because they understand consumers’ behaviour. During the bull market, these marketers are able to create a lot of value for their products with…

Ghim Moh 5-room flat sold for $948,888 in Feb

A five-room flat at Ghim Moh Link has been sold for $948,888, according to data published on HDB website. The flat at Blk 28 was sold this month and is located somewhere between the 34th floor and the…

Ensure locked doors can be accessed in emergency

Most toilets and bathrooms in homes have locks that are activated from the inside and can be opened only with a key. There has reportedly been a case where someone died after collapsing in a locked toilet and…

No plans to allow singles to rent public rental flat alone: MND

In the last two years, HDB has received more than 230 requests from those living in public rental flats for a change of tenant under the Joint Singles Scheme, Minister of State for National Development Koh Poh Koon…

Lee Khoon Choy’s leadership transformed CCs: People’s Association

The late Mr Lee Khoon Choy’s leadership led to the transformation of Community Centres (CCs), providing residents with better facilities, recreational activities and an outlet to serve the community, PA said on Mon. Paying tribute to the former…

NEA ‘regularly monitors’ resistance of mosquitoes against fogging: MEWR

NEA regularly monitors the insecticides used in anti-mosquito fogging, to ensure the chemicals used are effective, Dr Amy Khor said in Parliament on Mon. Dr Khor Senior Minister of State for the Ministry of the Environment and Water…

Cable cut incidents up in recent years: MCI

The number of incidents of telecommunication cables being cut has “grown steadily”, said MCI Minister Dr Yaacob Ibrahim in Parliament on Mon. There were four incidents in both 2013 and 2014, and the number rose to seven in…

Too early to relax property cooling measures: Lawrence Wong

It is “too early” to relax the property market cooling measures, as doing so could result in a market rebound, Mr Lawrence Wong said in Parliament on Mon. The MND Minister was responding to a question from Holland…

Sun Electric brings solar power to local businesses

Providing an environmentally friendlier and potentially cheaper alternative to electricity fired by coal or natural gas, home-grown Sun Electric kicked off its first live distribution of solar power to local businesses on Mon. The solar-powered electricity is distributed…

Keep ‘open mind’ on Cross Island Line plans, says Khaw

Urging the public to keep an “open mind” while the exact alignment of the Cross Island Line (CRL) is still being studied over the next two years, Minister for Transport Khaw Boon Wan on Mon also reiterated the…

Holding NDP at National Stadium to cost about S$39.4 million

Holding the NDP at the National Stadium this Aug is expected to set the Government back by about S$39.4 million, Defence Minister Ng Eng Hen shared in Parliament on Mon. In comparison, previous parades at the Marina Bay…

Students should also be taught proper toilet habits

I applaud the move by MOE to cultivate responsibility in school children by having them help to clean the school compound (“Daily school cleaning for students ‘a good lesson in social responsibility’”; Feb 26). One area of the…

Global retailers eye Singapore for expansion

Singapore ranked 9th in top target market by intl retailers in 2016, with 21 percent of survey respondents saying they are eyeing to set-up a presence or expand in the country, revealed a CBRE report. The city-state tied…

Singapore leads record-high Asian outbound investments again

Asian outbound real estate investment reached another record high year in 2015, standing at US$62.4 billion—a 37% year-on-year increase, a CBRE report revealed Mon. According to CBRE, the office sector remained the most-preferred asset class, but hotel and…

5 tips when navigating Singapore’s property market in 2016

The Singapore property market faces a lacklustre year ahead as the various cooling measures, interest rate hikes and more unsold units continue to put pressure on rentals, while developers are faced with hefty extension fines. According to fourth…

UOB suing over inflated housing loans

Singapore’s High Court has allowed UOB to proceed with legal action against two property agents, five individuals and Lippo Marina Collection (LMC), a subsidiary of Lippo Group, reported ST. The defendants are being sued by the bank for…

What is DC?

We often hear the term “development charge” being mentioned when collective sales are discussed, or when some properties undergo redevelopment. Just what is a development charge (or DC)? DC is a tax that is payable by the owner…

Pandora co-founder and son buy 2 units at Boulevard Vue

Two members of the well-known Danish family that founded Pandora, a company famous for its charm bracelets, are plonking down over S$31.1 million for two high-end apartments at the Orchard belt. The apartments, each of which is 4,478…

Finding the perfect home in Singapore

Population cooling measures introduced in 2011 caused a dent in the number of expats residing in Singapore. But arrival numbers have been slowly picking up again. MOM figures show that as of June last year, there were 180,800…

Understanding TDSR and how to position yourself for a property loan

Are you still sitting on the fence waiting for property prices to drop before buying your next property? It’s not wrong to be prudent over such a major financial decision. However, while you’re waiting for property prices to…

CityDev in a sweet spot to capitalize on market turbulence, say analysts

While REITs and property developers struggle amid 2016’s rocky industry conditions, City Developments (CityDev) will be kicking back and taking advantage of market dislocations—circumstances in which stressful conditions lead to widespread asset mispricings. According to a report by…

Prices of completed condos up 0.1% in Jan

Prices of completed condominium units in Singapore inched up by 0.1% in Dec, according to the latest NUS SRPI series. The latest statistics were based on transactions received as at 22 Feb 2016 and used an updated property…

Buyers flock to large units at oversubscribed Wandervale EC

Sim Lian’s Wandervale EC development was more than 40% oversubscribed at the close of its application period, the developer said. Sim Lian said that it received 750 E-applications for 534 units. Larger units, namely the three-bedroom premium and…

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