CALL it a combination of financial need or greed, and exploding demand: As of last month, 21,000 flats had been rented out by Singaporeans, a near 60-per-cent spike from the 13,200 units just 17 months ago. Coming as it does three years after subletting rules were relaxed, Housing and Development Board chief executive Tay Kim Poh attributes this recent surge to changing market dynamics. "Rentals for...
General
Young adults are placing their parents on the waiting list because they don't want to live with them TWO current issues should raise some concern among Singaporeans. First, the tripling in the number of applications for HDB rental flats, as highlighted by Prime Minister Lee Hsien Loong at the National Day Rally, and second, news that more families are facing difficulty paying their electricity bills....
Switching from clothes to property, the Singapore brand remains very viable FOR those who want to foray into real-estate investment trusts (Reits) but are finding them a tad too expensive, a cheaper alternative would be former shirt maker and retailer Second Chance Properties. It is not exactly a Reit in the strict sense, as it has other businesses, including apparel, gold, jewellery and securities...
The Peak @ Balmeg (formerly known as Balmeg Court) is located in an area consisting primarily of landed properties, townhouses and low-rise apartments on the west coast of Singapore. The site is favourably situated on Balmeg Hill off Pasir Panjang Road, and is characterised by an exclusive and tranquil setting with sea views even from the ground level. The area is popular with both locals and expatriates...
Singapore's Housing & Development Board (HDB) said it is offering 8,400 new flats this year, which is 40 per cent higher than the 6,000 units offered in 2007. Of these, 5,000 flats have already been launched, with a good part of them sited in Punggol, which is earmarked as a waterfront town. Plans are also in the pipeline to address the issue of rising construction costs and high demand for public...
A new S$35 million waterfront promenade at Marina Bay in central Singapore will be ready by the end of next year. The Urban Redevelopment Authority has promised that visitors will get a panoramic view of the Bay from any spot on the promenade. Its key design features a continuous waterfront loop, and along the Bayfront, visitors can expect to see dancing water jets, an eco-friendly Visitor Centre, a Mist...
More first-time owners are turning to the resale market to meet their housing needs, said the Senior Minister of State for National Development Grace Fu. Replying to a question from MP for Sembawang GRC Lee Wee Kiak in Parliament on Monday, Ms Fu said that in the second quarter of this year, there were 1,470 cases of first-timer flat buyers buying resale flats using the CPF Housing Grant. This is a 75...
Strategically located along Bukit Timah Road, Madison Residences is a short distance to Orchard Road and is near premier schools such as Singapore Chinese Girls’ School and Anglo- Chinese School (Barker Road). The 18-storey condominium development will comprise 56 exclusive units. It will have 48 units of 3- and 4-bedroom apartments, as well as six junior penthouses and two luxurious penthouses. Unit...
The Mandarin Gallery at The Meritus Mandarin Hotel is getting a S$200 million makeover. The upscale shopping mall will not be ready for another year, but people passing by along Orchard Road can get a preview of the shops and frontage, thanks to a specially-designed 3D-effect hoarding. This is the first such hoarding in Singapore. It was designed and made in Paris before being flown here. It stretches...
Sales of new private residential homes slipped 64 per cent to 320 units in August, as compared to over 890 units sold in July. Market watchers say this is the weakest transaction volume since April 2008. At the peak of the property boom in August 2007, over 1,700 units of private homes were sold, and the 320 units sold in August 2008 was 81 per cent lower year-on-year. However, the low take-up was not...