The housing deal was almost completed when a misunderstanding arose. The buyer wanted to fix an appointment with the HDB so that he could move in soon as possible. But the seller was not ready to move out yet. When told of this by the agent, the unhappy buyer emailed a complaint to the Council of Estate Agents (CEA). The agent, who only wanted to be identified as Mr Tan, told MediaCorp: "I felt abused...
General
The surge in resale prices and number of transactions at Seletar Springs Condominium in December reflects the rising popularity of the quiet neighbourhood. Located on Gerald Drive, off Yio Chu Kang Road, the condo is in the vicinity of landed property, with Summer Villas strata terraced development across the road and Mugliston Park Estate next door. Developed by MCL Land, Seletar Springs is a 362-unit,...
Singaporeans living in the North can now enjoy a spanking new recreational destination with the completion of the Woodlands Waterfront. The Woodlands Waterfront boasts a scenic nine-hectare coastal park and a 1.5km-long waterfront promenade. Visitors can also enjoy a scenic view of the entire coastal park and the Straits of Johor from high vantage points along the newly opened trail. The park is...
The Jurong Lake District is set for a major transformation to make it attractive to residents and international visitors. The plans include waterfront hotels, parks and playgrounds in Lakeside (comprising 220 hectares of land and 70 hectares of water body) for a world-class leisure destination over the next 10 to 15 years. These plans were announced on Saturday by Mr Lim Boon Heng, Minister in the Prime...
Banks should take into account potentially higher interest rates in their credit assessments and not assume that the current low cost of funds will last indefinitely, the head of the Monetary Authority of Singapore (MAS) said on Friday, as he underlined the need to guard against the risks of asset bubbles. "Many parts of Asia in particular are vulnerable to property bubbles, not only because of current...
Mainboard-listed Overseas Union Enterprise said its premium commercial development, comprising OUE Bayfront and its adjoining properties, has obtained a Temporary Occupancy Permit (TOP) from the Building and Construction Authority. The development includes the conserved Aerial Tower and the refurbished Change Alley Linkbridge. OUE's executive chairman, Dr Stephen Riady, said the development has received...
Suntec Real Estate Investment Trust has reported a fourth quarter distribution per unit (DPU) of 2.316 cents, down 19.8 per cent from a year ago. Net property income for the three months ended December held steady at S$47.2 million. For the full year, net property income was marginally higher - up 0.4 per cent at $193 million. Suntec REIT said its gross revenue saw a marginal decline due to lower retail...
CapitaMalls Asia said its unit's S$200 million bonds offering was 1.82 times oversubscribed. In a filing to the Singapore Exchange, the firm said there was strong interest from retail investors, with total applications coming up to about S$181.7 million. The one-year and three-year bonds will be issued on Friday and are expected to list on the Mainboard on January 24. The one-year bonds carry interest...
Ascott Residence Trust said its distribution per unit (DPU) for the fourth quarter was 2.16 cents. That is 16 per cent better than the 1.87 cents DPU declared over the same period a year ago. The DPU is also 17 per cent higher than the 1.84 Singapore cents forecast by the company in September 2010. Ascott said this is largely due to higher revenue in the October-to-December quarter, which is up by 58...
The North-South Expressway is good news for motorists but not so for some residents and establishments whose buildings will be affected by the development. Residents who have been affected by the development said they want more lead time to move out. The Good Shepherd Convent on Marymount Road which has been around for over 40 years and served thousands is facing an uncertain future. "What affects us is...