With the worsening economy, more landlords could see their tenants defaulting on rents. But one landlord in Queenstown has taken matters into his own hands by posting personal details of his errant tenant all over the neighbourhood. The leaflets stated that this man had left suddenly without informing his landlord. He also allegedly made off with the housekeys and has not returned any calls. The...
2009
I REFER to the report "A plea for survival" (Feb 27) about the Singapore Retailers Association (SRA) asking landlords to reduce rentals significantly to help retailers cope with the severe economic downturn. The report was an eye-opener, showing that while businesses are trying their best to survive these difficult times, some landlords are trying to earn as much as they can in the short-term. The SRA is...
AT 72, Mr Koh Chiong Eng is worried he may lose his job as a petrol pump assistant. That is why he was among the five who signed up for the Lease Buyback scheme, which was officially launched yesterday some two years after Prime Minister Lee Hsien Loong mooted the idea. "I can‚t take the flat with me if I die. It‚s better to sell it to the Government and get some money to meet my daily needs," he...
Designed to emulate a resort living ambience, the elements of pebbles and water are incorporated in this residence to evoke a senses of balance through the use of natural materials and earth-tones. Every room is a testament of class and distinctive taste, with the luxurious spaces furnished in a contemporary style, lavishly appointed with more family-oriented layouts. Take extra delight in the element of...
Singapore's Housing and Development Board Lease Buyback Scheme started on Sunday, after two years in the works. Five applications were received in the first hour. The scheme is designed to help cash-poor, asset-rich seniors meet their retirement needs. 72-year-old Koh Chiong Eng is afraid he may lose his petrol pump attendant job soon because of his age. If that happens, meeting daily expenditure will...
The government has lowered the redevelopment tax on non-landed residential property by 15 per cent on average – a more drastic cut than the 6 per cent it made half a year ago. The biggest reductions affect higher-end properties in prime locations, including Marina Bay, Robertson Quay, River Valley, Orchard Road, Grange/Tanglin, Newton and Holland Road areas. Some market watchers had been hoping for...
Singapore's property giant CapitaLand is busy looking at investment opportunities in key markets like China, as part of a strategy to weather the current economic downturn. The developer has been successful in developing projects in Shanghai and Beijing, and is now looking into second-tier cities on the Chinese mainland. Last year alone, CapitaLand China more than doubled its earnings to a record US$646...
Association calls for landlords to cut rents by 20-30 per cent, with 20,000 jobs on the line WITH sales plunging by 20 to 30 per cent and profit margins "almost negligible if not negative", 20,000 jobs - that's a fifth of retail employees - are at stake as stores face the real prospect of folding. This is red alert sounded by the Singapore Retailers Association (SRA) after an emergency meeting on...
Mixed views on whether pricing is attractive to buyers THE first batch of HDB flats for this year has been launched, but do they reflect homebuyers‚ budgets in this downturn? And are their prices an indication of what to expect from other projects later this year? Champion Court, at the junction of Champions Way and Woodlands Avenue 1, was launched yesterday under the Build-To-Order (BTO) system, where...
The new build-to-order (BTO) flats at Champions Court in Woodlands caught their eye, but the young couple decided to stick with their application for a four-room flat at Sengkang even though prices were similar. Why? Bride-to-be Izyanty Asmary, 23, said she was “not comfortable” with having studio apartments — targetted for senior Singaporeans — in the same residence, and the Woodlands flats...