Daily Archives: November 20, 2018 (18 Articles Found)

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Govt: New URA rules don’t impose a minimum size

MND Minister Lawrence Wong explained that new rules announced by URA last month doesn’t set a minimum size for private condos outside Singapore’s central region. “To clarify, our guidelines do not stipulate a minimum built-up area for private…

Geylang shoebox condos – a comparison

House sizes in Singapore are shrinking – for both HDB flats as well as private apartments. Although the government has recently taken steps to ensure that apartment sizes do not fall below a certain size, there are still…

Singapore residential real estate market trend Q3 2018 show resilience despite new property measures

The Singapore residential real estate market trend Q3 2018 showed resilience despite the introduction of new cooling property measures in July this year. Reports indicate that the residential collective sales in Q3 2018 plummeted due to fresh measures.…

Three areas of focus to improve hawker centre model: Khor

Senior Minister of State for the Environment and Water Resources Amy Khor yesterday outlined three areas her ministry would focus on in the coming months, to improve the socially conscious enterprise hawker centre (SEHC) model implemented at seven…

Retail REIT recovery drags on amidst sluggish sales and traffic

A quick turnaround for Singapore’s struggling retail REIT sector is largely unlikely to take place as tenant sales and shopper traffic remained dismal in Q3, effectively putting the sector behind stronger office and hospitality REITs, according to CIMB.…

Application rate for 2-room Flexi flats from singles down to 4.4

The application rate for two-room Flexi flats from singles has steadily dropped from 8.5 in 2015 to 4.4 in 2018, revealed MND in Parliament on Mon. This comes as the proportion of applicants invited to book a two-room…

Property curbs benefit nation’s long-term interests

I applaud MND Minister Lawrence Wong for saying that property prices must not outpace economic fundamentals, otherwise “there would eventually be a destabilising correction that would be even more painful for everyone, both sellers and buyers”. Developers have…

Checks at MRT stations not enough to deter terrorists

It is a misconception to think that would-be terrorists are going to be deterred by the sight of airport-like screening of a random selection of commuters at MRT stations. LTA has explained that this will not cause any…

Celebrate, but don’t rob believers of their festival

Few would disagree with Ms Goh Wan Ting’s observation (Young and old excited by Disney-themed Christmas; Nov 17). Disney characters have endeared themselves to people in all age groups the world over and those in Singapore are no…

Lawrence Wong fails to give straight answer to WP on land cost tabulation in sale price of new HDB flat

MND Minister Lawrence Wong, failed to give a straight answer to the parliamentary question of WP asking how is the land cost amount which is included in the sale price of a new HDB flat tabulated. Mr Wong…

Sub-sale: What property sellers and buyers need to know

What happens when you’ve bought a new launch condo/property from a developer, but wish to sell it before it’s complete? Before completion, a transaction of a unit between the original buyer and new buyer is what’s called a…

New MRT security checks will lengthen travel time but measures need update: Khaw

The newly implemented security screening at MRT stations will lengthen travel times for commuters but a balance needs to be struck between public safety and efficiency. This was said by Transport Minister Khaw Boon Wan in a written…

Property developers face new anti-money laundering, terrorism financing rules

The Government has put in place new anti-money laundering and terrorism financing requirements for property developers that will require them to perform due diligence checks on their buyers and flag suspicious activity. The Bill amends both the Housing…

Beneath the digital friendly facade, Singaporeans still reluctant to accept cashless payments

In Singapore, digital payment services are fast becoming king. With three in five merchants accepting e-payments, and with plans to see the country cheque-free by 2025, why are some Singaporeans still reluctant to adopt cashless payments? Despite its…

Foreign ownership of Hyflux will not affect S’pore’s water security: Masagos

Singapore’s water security will not be affected even if beleaguered water treatment firm Hyflux comes under foreign ownership, MEWR Minister Masagos Zulkifli said on Tues. This is because there are “safeguards in place” through the design, build, own…

Falling window at Toa Payoh HDB block narrowly misses 78-year-old man

Mrs Teo, 52, was preparing ingredients and chatting with her employees at her yong tau foo stall when she heard a crashing sound at the back of the coffee shop at the foot of Blk 116 Lorong 2…

Enhancing the lives of PWDs with infocomm and assistive technology

Ms Sebrina Ng a second-year student at TP, had to ask her classmates to repeat or clarify things her teacher said in class, to her frustration and embarrassment. Ms Ng, 22, who is deaf, struggled to understand what…

ERA Realty increases agent numbers and property projects

ERA Realty’s collaborations with CBRE Realty Associates and HSR Intl Realtors have added about 500 real estate salespersons to its agent count, which now stands at 6,542. This was one of the milestones highlighted by ERA on Nov…

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