Private home sales further slowed in January, according to the latest Urban Redevelopment Authority (URA) figures. Some 107 deals were completed last month, compared to 131 in December. Property agents said this was the lowest level recorded in the last two years - even lower than last October when global stock markets slumped. Even so, developers placed more projects on the market, with 204 units...
General
Market watchers expect private home rentals in Singapore to slide a further 5 per cent in the first quarter of this year. That is partly due to falling numbers of expatriate staff based in the city state and lower housing budgets allocated to them. Singapore plays home to many foreigners working here. But the numbers could fall as firms cut costs to cope with the global recession. Real estate agency ERA...
Private home sales further slowed in January, according to the latest Urban Redevelopment Authority (URA) figures. Some 107 deals were completed last month, compared to 131 in December. Property agents said this is the lowest level recorded in the last two years - even lower than last October when global stock markets slumped. Even so, developers placed more projects on the market, with 204 units...
Stricter rules are needed to protect the public from unscrupulous real estate agents THE recent case of the couple, who sued ERA Realty Network after discovering they had been shortchanged by the company's agents when they sold their apartment, once again highlights the need for better regulatory control of real estate agents. Following the case, there were many calls for the authorities to bring about...
Mainboard-listed conglomerate Fraser & Neave (F&N) has reported an 18 per cent drop in its first-quarter net profit to S$89 million. Revenue fell 6 per cent in the three months ending December to S$1.2 billion. This was due to lower property sales in its overseas projects and a drop in revenue from its dairies segment, as consumer sentiment was hit by the melamine scare last year. But F&N's...
CDL offers Valentine's Day discount for Pasir Ris project AT A time when consumers think twice before forking out money for big-ticket items, a major property developer here is dangling outright discounts to lure buyers. And if customers do bite, the move may mark the start of a price war, say industry observers. Yesterday, Mainboard-listed City Developments Limited (CDL) fired the first salvo by...
AS air traffic falls, more than$60 million has been set aside to give retailers at Changi Airport a much needed lift. The Civil Aviation Authority of Singapore (CAAS) will provide a rental relief package - $43 million in rebates and $20 million for a newly set up "Promotions Development Fund" - for retail, F&B and services concessionaires to help them remain viable, Senior Minister of State...
Singapore property prices have been coming down in line with the economic slowdown. But at least one developer is going a step further to attract homebuyers. Yi Kai Development and Fission Group, the developers of the 293-unit condominium Alexis@Alexandra, are offering discounts of 28 per cent to pull in the crowds. And the move appears to be paying off as potential homebuyers flocked to the opening of...
Public transport ridership has been going up - and with it comes more crowding. To ease the situation, the government announced that two rail projects - Jurong East Modification project and the North-South Line extension - are being brought forward, and 22 new trains being bought. Still, with the changes only kicking in by 2011, the squeeze will still be on for a while. Last year, public transport...
A former Strata Titles Board officer has been charged in court on Thursday for two offences of cheating and providing false information. The case revolves around a quote for transcribing services for the board. The court heard that the accused, 25-year-old Hong Shihui and another person, Rajasvarai d/o Radhakrishnan, had prepared a quotation which was sent to the board's Registrar for approval. However,...