Horizon Towers saga revived as opposing owners appeal against sale order JUST when some prayed it was all over, the owners of Horizon Towers could be in for more sleepless nights - exactly a month after the Strata Titles Board granted the sale order for the contentious $500-million deal. That decision would have brought a closure to the long-running saga, but for unhappiness among minority owners with...
General
En bloc is about losing homes, Strata Titles Board need to reflect that Dharmendra Yadav EN BLOC sales were the buzzwords of 2007 and if the economic indicators are right, the story will continue to dominate the headlines this year. The en bloc craze of the past year has meant a lot more work for the Strata Titles Boards (STB). Since 1999, the board has shouldered the additional role of approving...
In October last year, my fiance and I balloted for a flat at Telok Blangah Towers. There were more than 7,000 applicants for the 210 four-room units. We went to see his MP for West Coast GRC (my fiance lives one street away from the new development) and voiced our concerns. The MP helped us with a letter to the Housing and Development Board (HDB) stating that the both of us live within 2km of the...
Private sector economists are taking a positive stance on the Singapore economy. With GDP numbers for the fourth quarter of 2007 showing a contraction from the previous three months, yet another such dip would mean a technical recession. This would happen if growth numbers for the first quarter of this year show a decline from the previous three months. But economists polled by Channel NewsAsia prefer...
Commissions earned by real estate agencies have gone up sharply, by as much as 80 percent, according to one agency. Market watchers said that is not surprising, given the hike in property prices and number of transactions. As a result, the industry is also attracting more agents. Three days into the new year and real estate agency Propnex is already training 200 agents who have entered its fold. About...
United Overseas Land and its partner Peak Century have put in the top bid of S$236 million for a residential site at Simei Street 4. The price works out to about S$296 per square foot per plot ratio. The Urban Redevelopment Authority tender attracted three bids. The second highest bid of some S$231 million came from Frasers Centrepoint Properties. NTUC’s Choicehomes trailed in at third place with its...
And prices likely to rise further, albeit slower, say analysts A YEAR of feverish activities in the property market has pushed up the price indices for both private housing and HDB resale flats, as the latest official estimates confirmed what frustrated prospective buyers already know: Property prices are going through the roof. According to figures released by the Urban Redevelopment Authority (URA)...
Experts say recession unlikely; certain sectors will prop up economy ALTHOUGH the Singapore economy turned out a weaker-than- expected performance in the last three months of 2007, economists are not rushing to revise their GDP forecasts for this year even though they anticipate slower growth. The gross domestic product (GDP) for the fourth quarter slowed to 6 per cent from 9 per cent a quarter...
The second batch of condo-style public apartments will be launched on 5 January. The apartments at City View @ Boon Keng, which will be completed in 2011, promise the trappings of private residential homes. But they will not come cheap. The project is part of HDB’s Design, Built and Sell Scheme (DBSS), where private developers build and market the flats. City View@Boon Keng is the second DBSS project,...
A new S$30 million bridge to link Marina Bay and Keppel Island has been officially opened by President SR Nathan. It’s called the Keppel Bay Bridge and it forms part of the new waterfront living experience, in the Marina Bay area. The 250-metre bridge links Keppel Island with the mainland. But it’s more than just a bridge. The new link is adorned with special lights which can be programmed to...