IMAGINE you are a condominium owner, and your property's management corporation (MCST) has been engaging the services of two administrators, two technicians and some cleaners for the estate. You cheered when the government announced the Jobs Credit scheme earlier this year, thinking the savings will go to your MCST. Well, think again. Like the MCST of Bayshore Park, a condominium on the East Coast, you...
Property Management
The fallout from the US sub-prime crisis has filtered down to the property market in Singapore. Property consultancy CB Richard Ellis (CBRE) says total investment sales in Singapore properties fell 70 per cent from 2007, to S$17.83 billion this year. CBRE says one year on, the crisis in the US has made investors of Singapore properties more cautious. But the sharp slowdown in transaction volumes was...