Daily Archives: November 28, 2016 (24 Articles Found)

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Prices of completed private apartments, condos flat in Oct: NUS index

Prices of completed private apartments and condos were flat in Oct compared to Sept 2016. This is according to NUS latest flash estimates for its Overall SRPI released on Mon. This follows a 0.5 per cent month-on-month (m-o-m)…

More collective sales in store next year

The success of three residential enbloc deals this year may be igniting the interest of more property owners to go down that route, considering the number of projects that have kick-started the collective sale process. Among at least…

Singapore home sales volume up but prices still falling

Cooling measures sent Singapore’s housing market into a long hibernation, but some analysts point to signs of a spring awakening in sales volume, if not yet prices. Tan Min Lan, head of APAC investment office for UBS Wealth…

Plaster falls 12 storeys from HDB block in Hougang

In the latest case of building parts falling from HDB buildings, a slab of plaster fell 12 storeys from the top of a block in Hougang on Sun morning. No one was injured, but plaster fragments were seen…

Wildlife sightings: Crocodiles, pythons and pangolins venture in the urban jungle

There have been quite a few reports of wild animals wandering into urban spaces in recent weeks. These include two pangolins – both keen on attending our local universities, a few pythons and even crocodiles. A possible crocodile…

New research projects to study algae blooms, how coral reefs adapt to environmental change

The National Research Foundation (NRF) has awarded seven new research projects under a $25 million programme to look into areas such as the resilience of coral reefs and algae blooms. This was announced by DPM Teo Chee Hean,…

Despite slow initial take-up, urban logistics will be rolled out to 12 more malls

Urban logistics, a new model of goods delivery in malls where retailers make use of shared resources and streamlined processes, will be extended to twelve malls in the western part of Singapore next year, despite the slow take-up…

Registration of all personal mobility devices needed

There has been a spate of accidents involving e-bicycles and e-scooters lately, and it is time to legislate the ownership of such personal mobility devices. Given the high car prices, the unpredictability of our buses and trains and…

Keep rental at Sungei Tengah affordable for animal shelters, farms

It is great to see the efforts to help animal welfare groups (“Govt to build rental facilities for pet farms, animal shelters at Sungei Tengah”; Nov 22). I hope that the rental prices will be affordable, so that…

HDB flat owners to pay less property tax next year

Amid a slowing rental market, all HDB flat owners will pay lower or no property tax next year, according to figures released by IRAS on Mon. Flat owners will see tax savings of between 13.1 and 51 per…

Tampines Concourse bus interchange to open Dec 18

The Tampines Concourse bus interchange will start operations on Dec 18, said LTA on Mon. The new bus interchange will complement the current Tampines bus interchange and the two will be connected via a 250-m barrier-free sheltered walkway.…

Yishun Community Hospital officially opens

Yishun Community Hospital officially opened on Mon, but it has already served more than 1,400 patients since its soft launch last Dec. The hospital, which is located next to Khoo Teck Puat Hospital, focuses on helping patients improve…

4 more malls to adopt new model of delivery management

Four more malls in Singapore will adopt a new model of goods delivery system come 2017, according to IMDA on Mon. The four CapitaLand malls – IMM Building, JCube, Westgate and Bukit Panjang Plaza – will adopt the…

Management Committees and Managing Agents – What they do, how to spot a good one, and how to deal with them

The MCST, otherwise known as the managing body for your condominium, manages private properties in Singapore. For new condominiums, the property developer has to find a condo mgmt company within two months of TOP. After the first AGM,…

5 ways to get your first HDB flat that you can afford

With so many things to consider, buying your first HDB flat can be a major life decision. You have to think about where you want to live, how big a flat you need, and most importantly, how much…

Which is the best mortgage loan to finance your HDB?

Many Singaporeans ultimately wish to be able to live in a private condominium, but little do we appreciate the fact that our public housing is actually one of the best in the world. With more than 80 percent…

Penthouse at Bishopsgate Residences sold for S$20.68m

At almost an identical price, two big-ticket freehold residential properties changed ownerships recently. Consisting of four ensuite bedrooms, a kitchen, a living room, dining and family areas on the fifth level, Kajima Overseas Asia has sold the penthouse…

Lendlease plans to grow fund management business

Australia-based developer Lendlease intends to grow its fund-management business and seek opportunities in larger-scale mixed-use projects here. Mr Tony Lombardo, CEO for Asia, told ST that it aims to expand funds under management in Singapore from $5.6 billion…

Condo narrowly escaped $48.5 mil ABSD with discounts

Bartley Ridge narrowly escaped the punitive ABSD. The developer would have to fork out around $48.5 million of ABSD if it cannot sell all the units in the project by mid-Jan 2017. The 868-unit Bartley Ridge still had…

Unit at TwentyOne Angullia Park sold for $2,995 psf

At Twentyone Angullia Park, a 2,314 sqft, three-bedroom unit on the 11th floor of the 36-storey tower was sold for $6.93 million, according to a caveat lodged on Nov 10. The sale price translated to $2,995 psf, marking…

URA awards Chin Bee heavy vehicle park site

URA has awarded the tender for the heavy vehicle park site at Fourth Chin Bee Road to Hock Seng Heng Tpt & Trading, the company that placed the top bid in its tender exercise earlier in Sept. The…

JLL’s Karamjit Singh to leave role as residential head

Property veteran Karamjit Singh will be leaving his position as head of JLL’s Singapore residential business to pursue his own entrepreneurial interests. Singh, who has led the business since 2012, will continue to advise JLL and its clients…

Singapore generates highest built asset income per capita in Asia: report

Singapore topped Asia in returns per capita from infrastructure and buildings at S$51,082, followed by Hong Kong at S$30,450 revealed Arcadis’ Global Built Asset Performance Index. An alternative indicator to measure a country’s economic performance, the index examines…

6 key takeaways from the Real Estate Personality of the Year

Francis Koh, MD and Group CEO of Koh Brothers Group, was named the Real Estate Personality of the Year 2016, and was presented his trophy at SEA Property Awards, held on 24 No 2016. PG caught up with…

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