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Five lawyers sued over sale of house
12 Nov, 2009 A PRIVATE investigator is suing five lawyers for professional negligence over the sale of his house in 2002. Mr Simon Suppiah Sunmugam, 62, alleged that they had mistakenly paid property agency ERA $28,000 as a commission. He said in his...
High luxury-home prices are good
November 12, 2009 COMMENTARY Policymakers can focus on alleviating life’s anxieties such as providing low-cost quality education, healthcare coverage By LESLIE YEE I WORK in the real estate sector in Hong Kong but do not cover the residential p...
Stronger action seen to deflate property bubbles
November 12, 2009 (MUMBAI/HONG KONG) Asia’s policymakers are sticking with surgical steps to contain asset price inflation, but may soon have to turn to much more aggressive action if property bubbles keep inflating. Authorities in Hong Kong, I...
Industrial site at Pioneer Road launched for sale by public tender
By Irene Chan, Channel NewsAsia 11 November 2009 SINGAPORE: The government has launched an industrial site at Pioneer Road for sale by public tender. It was made available for sale through the Reserve List system after a developer committed to bid at...
HDB suffers S$2b deficit
By Joanne Chan, Channel NewsAsia 2 November 2009 SINGAPORE: The Housing and Development Board (HDB) has reported a S$2 billion deficit before government grants in its latest annual report. The figure is more than double the loss reported in the prev...
Drop in HDB home loan arrears
3 Nov, 2009 Defaults stemmed by slew of measures, says HDB in annual report By Jessica Cheam DESPITE the recession, the number of HDB home loan arrears fell from 33,670 in September last year to 30,770 during the same month this year. The drop foll...
Unsold HDB flats largely cleared: CEO
November 3, 2009 Remainder is reason for Sale of Balance Flats exercise, launched last month By EMILYN YAP (SINGAPORE) Facing steady demand for public housing, the Housing and Development Board (HDB) has almost cleared its stock of unsold flats. The ...
Warehousing, too, may go underground
November 3, 2009 Study to examine feasibility of centre at Tanjong Kling By RONNIE LIM (SINGAPORE) The push for underground is gathering momentum. A feasibility study will be carried out into an underground warehousing, logistics and data centre at ...
FCT to buy YewTee Point and Northpoint 2
November 2, 2009 Buying the malls at this time will be yield-accretive for the trust, says CEO By UMA SHANKARI FRASERS Centrepoint Trust (FCT) is now ready to inject another two retail malls into its portfolio, chief executive Christopher Tang told B...
Landlords can stop ranting about rents
1 Nov, 2009 Rental decline easing and rates will stabilise or rise next year, say analysts By Joyce Teo Property investors worried about collecting less and less rental income may soon have cause to cheer, as property consultants expect rents to re...
HDB maisonette has its own lift
1 Nov, 2009 One HDB resident in Towner Road has installed a lift inside his double-storey executive maisonette. The resident, who declined to be named, put it up last year for his wheelchair-bound mother. They live on the sixth floor. The HDB said t...
Sorry, no lift for your floor
1 Nov, 2009 Families living in about 200 blocks of Housing Board flats may have to get used to using the stairs, as lift upgrading is still not an option for these blocks. Goh Chin Lian visits two such blocks. Hidden among the HDB blocks in Lorong Ah...
New heartland malls a hit with residents
1 Nov, 2009 By Jamie Ee Wen Wei It’s not only Orchard Road which is seeing new malls. They are popping up in the heartland too and two were officially opened yesterday, to cheers from residents. In Hougang Central, Kang Kar Mall was launched by...
Upbeat outlook on luxury market
WHEELOCK Properties (Singapore) CEO David Lawrence remains upbeat about prospects for Singapore’s luxury residential property market, as the island is increasingly attracting rich people and businesses. ‘The interesting thing is that more...
October home sales slow down
31 Oct, 2009 Only 355 private homes sold in the first nine days of the month By Joyce Teo, Property Correspondent OCTOBER appears to have been a much quieter month in the private property market than recent months. Just over 350 private homes were ...
Condo’s clerk ordered to return $2.2m
31 Oct, 2009 CNA Man in civil claim also under criminal probe for reported fraud By K. C. Vijayan, Law Correspondent AN ACCOUNTS clerk was ordered to return some $2.2 million that he took over 18 months from a condominium management office, where he...
How condos protect their funds
31 Oct, 2009 CNA SOME managing agents of condominiums here are not allowed to sign on cheques to make payments on behalf of the estates they run. Such duties are usually entrusted to the estate’s management councils. Usually, at least two signa...
S’pore is 2nd best place for business: Poll
31 Oct, 2009 Reasons cited include growth of private wealth management in country WASHINGTON: New York has withstood the worst economic crisis in seven decades and remains the leading global financial centre, followed by Singapore, which pipped Lon...
New rules for estate agents: Ethics just as important
31 Oct, 2009 I REFER to the current discussion on plans to regulate estate agents. We support the Government’s move towards a new regulatory framework, but in the process of developing these objectives, we must not forget the interests of estat...
Strong demand for BTO flats in Sengkang & Jurong West
By Wang Eng Eng, Channel NewsAsia 30 October 2009 SINGAPORE: There was strong demand for HDB’s latest Build-To-Order (BTO) projects – Fernvale Palms in Sengkang and Boon Lay Meadow in Jurong West – whose applications have closed. Fe...
Property agents’ 2+2 commission formula is wrong
30 Oct, 2009 WHY do some property agents insist on a commission of 2 per cent from the seller and 2 per cent from the buyer, and accuse others who accept less of undercutting? Till today, most agents will tell you it is standard. However, that 2+2 fo...
Flat valuation reflects state of property market
30 Oct, 2009 I REFER to Mr Daniel Choy’s letter on Tuesday, ‘Curbing price hikes’. His assertion that valuation chases after cash over valuation (COV) is incorrect. Rather the valuation process reflects the state of the property mar...
IR, NUS projects win green awards
30 Oct, 2009 WHO says a casino and theme park cannot be green? Resorts World Sentosa (RWS) has won an award from the Building and Construction Authority (BCA) for integrating sustainable building concepts into its master design. The BCA awarded RWS a...
BCA giving Green Mark awards for cluster devts
October 30, 2009 By UMA SHANKARI THE Building and Construction Authority (BCA) has added another category to its Green Mark certification – it is now giving Green Mark awards for cluster developments. The first two projects certified under the ...
Industrial site in Jurong West for sale
October 30, 2009 By EMILYN YAP THE Urban Redevelopment Authority (URA) will put a 30-year leasehold industrial site in Jurong West up for tender. The plot is at Pioneer Road North and Soon Lee Drive, near Pioneer MRT station. It became available for ...
In dollar terms, ‘09 home sales pale before record of ‘07
October 30, 2009 Volumes may be as high, but units sold this year are smaller and less expensive By KALPANA RASHIWALA (SINGAPORE) Numbers tell only half the story. While developers are heading towards the record number of private homes sold in 2007,...
Applications for Fernvale Palms and Boon Lay Meadow BTO close today
Applications for Fernvale Palms and Boon Lay Meadow BTO close today The response for Fernvale Palms (Sengkang) and Boon Lay Meadow (Jurong West) has been pretty strong despite the so-so locations. The 5rm flats in Sengkang was oversubscribed by over...
How new rules can protect property agents
29 Oct, 2009 Straits Times I REFER to the letter by Mr Chua Khim Leng, ‘New rules should protect property agents’ (Oct 19). As a real estate consultant for the past 20 years and running my agency in a niche market, I fully understand the ...
Making S’pore a green building hub
Straitstimes 29 Oct, 2009 New council to boost green construction; deal with UN unit to promote best practices By Jessica Cheam SINGAPORE took two major steps yesterday in its drive to position itself at the forefront of the increasingly vital fiel...
Home-buying euphoria tapers off
Oct 25, 2009 property For the first time in months, supply outstrips demand but supply glut is unlikely By Fiona Chan A quiet period is always a good time for taking stock – and the rare breather in the housing market right now is allowing buy...
