Applications closed yesterday for the Housing and Development Board's largest batch of Build-to-Order (BTO) flats, with 13,000 home buyers gunning for 4,000 flats. And National Development Khaw Boon Wan announced yesterday that another 1,000 flats will be released later this year. These will come under a Sale of Balance Flats exercise and brings the total number of new flats offered this year to 26,000 -...
General
The new framework was designed to professionalise an industry whose image had been tarred by a few black sheep. Six months on, real estate firms that MediaCorp spoke to said the Council for Estate Agencies' (CEA) strict rules have reined in illegal moneylending, cashback and subletting. The prospect of losing one's licence or being suspended has been an effective deterrent, said Dennis Wee Group director...
It has not been a week since National Development Minister Khaw Boon Wan made his move to make housing and the Housing and Development Board (HDB) popular again but already some private property investors are feeling anxious. Can their nerves hold out for a whole month? The irony is that Mr Khaw has not even begun to reveal his thoughts on the private housing sector. Last Friday, Mr Khaw announced that...
While the West End has been the traditional haunt of luxury-residential developers in London, soaring property prices have pushed companies such as Singapore-based KOP Properties to look east for more lucrative opportunities. New development has been creeping along the Thames, towards the City, with large-scale residential and mixed-use projects like the Shard and NEO Bankside, bringing high-end space to...
Underpinned by strong employment rate and sustained economic growth, residential rental transactions in 1Q2011 grew 8.7% y-o-y to 10,162, says Savills in a report. This is considered the highest level of transactions seen since records began to be kept in 2000. Growth in rental rates, however, slowed during the quarter to 1.2%, from 2.6% in 4Q2010, as a growing volume of new supply came on the market....
Kellock Lodge on River Valley Road is up for a collective sale, with an asking price of more than S$84 million or S$1,383 per square foot per plot ratio, said its sole marketing agent CKS Property Consultants. The redevelopment site has a land area of 21,784 square feet and it will yield a maximum gross floor area of 60,995 square feet. This is based on a plot ratio of 2.8 for the redevelopment of the...
A total of four bids, according to provisional results, were received by the Housing & Development Board (HDB) in the tender for a land parcel at the junction of Buangkok Drive and Sengkang East Drive. The site, which has a gross floor area of over 58,000 square metres, is planned for condominium housing development. The top bid came from Qingdao Construction at S$247 million, or S$391 per square...
Police have arrested a 45-year-old man who is believed to have been involved in at least 13 reports of rental scam at Block 1 Lorong Lew Lian. In all the cases, the 21 victims responded to rental advertisements placed in the Chinese newspapers between March 4 and 29 this year. The suspect allegedly arranged for the victims to view the unit for rent and collected between S$500 and S$4,800 from them as...
A 45-year-old man has become the first person to be charged in court with representing himself as a property agent without being registered with the Council for Estate Agencies (CEA). It is believed Tan Cher Peng had also failed to obtain a written authorisation from a licensed real estate firm before practising. Since January 1 this year, all property agents must register with the CEA and possess...
77 Robinson Road, formerly known as SIA Building, is expected to be up for sale soon. Its owner, German fund manager SEB, could be looking for a price of around $2,300-2,500 per square foot (psf) on net lettable area, which works out to around $678-737 million, property experts reckon. The 35-storey office site has a remaining lease of about 82 years. It has a total net lettable area of about 295,000 sq...