Affected homebuyers can seek reimbursement from developers, including the Housing and Development Board (HDB), for out-of-pocket costs due to construction delays, such as when they would have to rent a place for a longer period. A bill passed in Parliament on Tuesday (3 November) extended the deadline of all construction contracts by four months due to COVID-19’s impact on the construction sector,...
However, consumer loans increased 0.3% month-on-month to $256.18 billion in September, buoyed by share financing and housing loans. Singapore bank lending fell for the seventh consecutive month in September due to weaker business loans, reported The Business Times (BT) citing preliminary data from the Monetary Authority of Singapore (MAS). Loans via the domestic banking unit – which captures lending in...
Maybank’s economists attributed Singapore and Vietnam’s more “V” recoveries to generous government subsidies, low interest rates, high household savings rate and work-from-home policies. Singapore and Vietnam boast more faster-than-expected “V” recovery in Asean compared to the rest of the region, reported The Business Times (BT) in reference to a report by Maybank Kim Eng. Maybank’s...
Experts attributed the strong interest received to the Tanah Merah Kechil Link site’s proximity to the MRT Station and its palatable land size, while the interest for the EC site at Yishun Ave 9 was ‘unsurprising’ as the last two EC sites were sold in 2014. Despite the weak economic outlook, the tenders for two Confirmed List Government Land Sale (GLS) sites received robust interest, with the top...
The 117,230 sq ft site is owned by the seven sons of the late Cheong Eak Chong – founder of Hong Fok Corporation and Tian Teck group. A two-storey bungalow sits on the site, whose last resident, matriarch Lim Ghee, died in February. Image: Google Maps The owners of a freehold landed residential site at 5 Oxley Rise are expected to put up the plum site on sale in a few months, with industry watchers...
Over 17,300 real estate agents from ERA will get an “easy, low-cost way to capture 3D virtual tours of properties through the real estate agency’s partnership with Matterport. ERA Singapore has partnered Matterport to provide over 17,300 ERA real estate agents an “easy, low-cost way to capture 3D virtual tours of properties”. Matterport creates “digital twins” of properties which give...
Located at Upper Bukit Timah Road, the 20-storey, mixed-development project will feature 120 residential units and 53 commercial units. Freehold mixed-use development The Linq @ Beauty World is set to open its showflat for preview this Saturday (31 October) by appointments only. Located at Upper Bukit Timah Road, the District 21 project is developed by Alika Properties. It will feature 53 commercial...
The energy-efficient system enables households to save about 15% to 20% in upfront costs compared with present market rates, and up to 30% in life cycle costs, explains SP Group. Image: mytengah.sg Nearly 1,000 households have indicated their desire to avail of the centralised cooling system (CCS) within the new Tengah estate, where around 8,000 Build-To-Order (BTO) units have been launched so far,...
The triplex penthouse in Tanjong Pagar was purchased at $73.8 million last year, and is sold for $62 million or close to $3,000 per sq ft (psf) based on its 21,108 sq ft strata area. Image: GuocoLand After purchasing the triplex penthouse at Wallich Residence for $73.8 million last year, the Dysons behind the British consumer electronics firm are now selling the property in Tanjong Pagar for $62 million...
The 36,446 sq ft freehold property in District 21 features five bedrooms, a swimming pool and a basement, and is priced at $45.5 million or around $1,248 per sq ft (psf). Image: Google Street View A Good Class Bungalow (GCB) at 22A King Albert Park has once again been put up for sale – although this time via private treaty – with a guide price of $45.5 million or around $1,248 per sq ft (psf),...
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