Daily Archives: September 11, 2019 (19 Articles Found)

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Another good class bungalow in Belmont Road in mortgagee sale, with $20m guide price

A good class bungalow (GCB) at 5 Belmont Road will be auctioned in a mortgagee sale with a guide price of $20 million, ERA said on Wed. This works out to a price tag of around $1,225 psf,…

HDB resale market may emerge big winner from the changes

Young couples with high incomes and those looking to offload their HDB flats in the resale market are likely to be the biggest beneficiaries of the new HDB policies announced yesterday, said observers. And the resale market itself…

More buyers to consider buying resale flats with new HDB grants

Home buyers on Wed said that the bigger grants by HDB offer them wider options, including buying resale flats if they fail in the bid for a new flat. With EHG, which took effect on Wed, more Singaporeans…

Some sellers look to raise asking prices in light of new enhanced HDB grant

A couple aged in their sixties who are trying to sell their HDB flat in Hougang wasted no time in responding to changes making HDB flats — including resale units — more affordable to first-time buyers. Soon after…

All 4 Mapletree REITs poised to thrive despite market uncertainties

Despite investors’ concerns over the impact of geopolitical events such as the US-China trade war and protests in Hong Kong, Mapletree’s suite of four REITS seem well placed to turn the uncertainties to their advantage instead. Market watchers…

Sale of balance flat vs re-offer of balance flat

SBF or ROF, which is the better option? For SBF and ROF exercise, you do not need to indicate which town/estate or preferred flat type in your application. You just need to indicate your interest for the exercise…

Keppel DC REIT to be included in FTSE EPRA/NAREIT Global Developed Index from Sept 23

Keppel DC REIT is set to join the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index) with effect from Sept 23. The FTSE EPRA / NAREIT Global Real Estate Index Series is an intl real estate…

S’poreans can buy and sell HDB flats on this new one-stop portal by end 2020

HDB announced yesterday that it is rolling out a new sales portal by the end of next year so buyers and sellers can transact HDB flats on a single platform. It will list flats for buyers to find…

New store opens for The North Face at Marina Bay Sands

A new store has been opened by The North Face at MBS. The launch of the 188 sqm store this month coincides with the reintroduction of elements from its 80s-era Icon collection, a line of garments designed to…

Competition watchdog seeks public feedback on BreadTalk’s S$80 million acquisition of Food Junction

The CCCS has asked the public for feedback on BreadTalk Group’s proposed acquisition of food court operator Food Junction Mgmt (FJM). BreadTalk Group announced on Sept 2 its intention to acquire FJM for S$80 million through its subsidiary…

Singaporeans laud Japanese man spotted picking up litter in Tiong Bahru

A “hero we don’t deserve”? We’ll let you be the judge. Meet Toshi, a Japanese national who’s quickly becoming a bit of a minor celebrity after being spotted picking up litter along a roadside in Tiong Bahru yesterday.…

E-scooter rider who switched lanes and hit pedestrian from behind jailed

While steering his e-scooter with one hand and holding a cigarette in his other hand to smoke, the rider switched lanes and rammed into a pedestrian from behind. The pedestrian, 58-year-old Tan Peck Lay, fell forward and fractured…

E-scooter rider who startled woman into falling and fracturing her skull fined $3,500

An e-scooter rider who nearly collided with a woman, startled her so much that she fell and fractured her skull. Yeo Eng Koong, 53, suffered internal bleeding from the injury, requiring immediate surgery. At the State Courts on…

HDB launches first flat sale whereby buyers can benefit from higher income ceilings, new grant

The first sales exercise of HDB flats whereby buyers can benefit from the higher income ceilings and Enhanced CPF Housing Grant (EHG) was launched by HDB on Wed. A day after MND Minister Lawrence Wong announced the new…

Singapore’s housing remains a challenge for the LGBT community: Here’s why

Discrimination is still a real thing, and it can be especially entrenched when it comes to housing. Some of you might already know race is an issue when it comes to renting; but did you know things are…

Will condo sales be affected by the new HDB policy changes?

While it’s all fine and dandy for home buyers, some are wondering if the higher income ceiling will siphon off demand for mass market condominiums, especially given the increased supply in project launches this year. The short answer…

4 observations on the new HDB/EC income ceiling, enhanced housing grant

1) Are ECs now too atas? – Recent ECs Piermont Grand selling at a median price of $1,107 psf, which could signal a new norm for EC launch prices. At these prices, the government also knows that there…

CDL and DBS set benchmark on innovation-focused financing for sustainable development

City Developments Limited (CDL) has secured a S$250 million SDG Innovation Loan, in the form of a three-year revolving credit facility provided by DBS. This is a first-of-its-kind concept that CDL has pioneered for a sustainability-linked loan to…

Which comes first for green buildings: technology transformation or cultural change?

Amid global trends of rapid urbanisation, digitalisation and climate change, the construction sector must transform itself to meet growing demand for infrastructure while reducing damage done to the environment. The construction sector lags others when it comes to…

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