LAGUNA Park condominium along Marine Parade Road could be up for collective sale, with about 77 per cent of tenants so far agreeing to it, Channel NewsAsia reported. The sales committee could expect a few more signatures in the coming days to cross the 80 per cent trigger point which will move the en bloc process forward. Channel NewsAsia understands that the asking price is about $1.2 billion. Each owner...
2008
Process marked byacrimony and vandalism may finally have a happy ending for owners THE owners of homes at Laguna Park condominium at Marine Parade are inching closer to a collective sale, after securing approval from owners representing 76 per cent of the share values at the property. The owners have been working on a collective sale since last year, and the process has been marked by acrimony and...
Laguna Park condominium along Marine Parade Road could be up for collective sale. It's not yet a done deal but about 77 per cent of tenants there have agreed to it. The sales committee could expect a few more signatures in the coming days to cross the 80 per cent trigger which will move the en bloc process forward. Laguna Park has already engaged an agent to market the 99-year leasehold property, which...
Mainboard-listed United Engineers has sold more than 70 per cent of its first public housing project, Park Central @ AMK, which is being developed by its subsidiary Greatearth Developments. All four-bedroom and penthouse units are sold out. The developer received more than 2,300 applications or four times the number of units available for sale when submissions closed in August. The 578-unit estate is...
Singapore may be the worse-hit Southeast Asian country in the current economic crisis, but it could well be the first economy in the region to rebound, according to economic forecaster Thierry Apoteker. A jump in US consumer confidence in November is just one of the indicators that could signal signs of a global recovery next year. Consumer confidence index rose in November to 44.9, up from 38.8 in...
Proportion of buyers with an HDB address looks set to increase WITH foreign buyers pulling out of Singapore's property market on the back of deteriorating global economic conditions, Housing Development Board upgraders are forming an increasingly important group of buyers here. According to a recent DTZ analysis of private property caveats lodged in the third quarter, purchasers with HDB addresses make...
THE Government has moved to apply the brakes on the industrial land sales programme. Following the move to curb supply of land for private homes and commercial space, the Ministry of Trade and Industry (MTI) said it would move the remaining site - at Tampines Industrial Ave 4 - on the confirmed list for this year to the reserve list, and suspend its confirmed list of sites for sale in the first half of...
Singapore's Trade and Industry Ministry (MTI) announced on Wednesday that it is suspending the Confirmed List for the Industrial Government Land Sales (GLS) Programme. This is due to what it calls "significant and dynamic changes in global economic conditions". MTI said in view of the current uncertainties, the site at Tampines Industrial Avenue 4 will be moved from the Confirmed List to the Reserve List...
Make it easier for expatriates to buy houses they can live in WITH Singapore's safe track record and attractions, such as the two integrated resorts to be completed in a couple of years, this is the best time to attract more foreign entrepreneurs to Singapore. But not all foreign entrepreneurs can afford or are willing to pay for high-end condominiums as some may prefer to put more money into their...
Property agents said there's been an eight per cent jump in the number of private homes being put up for sale recently compared to previous two quarters. HSR Property Consultants said about half of the sellers have bought units under the Deferred Payment Scheme. The scheme which was scrapped last October allowed homebuyers to delay payments on new property until it is completed. Eric Cheng, executive...