Share Asia’s 6 Biggest Construction Projects of 2017 By Kim Wong / last year For the world’s most expensive infrastructure and transport developments, look no further. Some of the highest-value construction projects in the world for this year are all located in Asia, as per the Arcadis International Construction Costs 2017. Construction markets in the region are expected to see an expansion of 5 to 7 percent a year, […]
Share Malaysian Heirs In Legal Fight Over Four Firms By Jax Lee / last year The descendants of a Malaysian property mogul are fighting in Singapore’s High Court over four family-owned firms, one of which owns 32 units in the Bukit Timah Shopping Centre. Notably, the late Mr Loong Yoke Phin’s eight daughters, who hold minority stakes in the four companies, have taken to court their only brother and his […]
Share Maids Still Can’t Use The Pools And Other Facilities By Jax Lee / last year Some condominiums in Singapore continue to enforce strict rules preventing domestic helpers from using the facilities, such as swimming pools and gymnasiums, as they are meant for homeowners only. PropertyGuru understands that this is a long-standing practice implemented by a number of Management Corporation Strata Titles (MCSTs), also known as condo managing agents, due to […]
Share Total Debt Servicing Ratio (TDSR) Tweaked For Refinancing Of Home Loans By Jax Lee / last year SINGAPORE — The Monetary Authority of Singapore (MAS) has refined the Total Debt Servicing Ratio (TDSR) framework to allow all homeowners to be exempted from meeting the 60 per cent threshold when refinancing mortgages of the home they reside in. In a statement on Thursday (Sept 1), the central bank said the move was taken […]
Share $30m Good Glass Bungalow (GCB) Put Up For Auction By Jax Lee / last year The 15,211 sq ft property in Dalvey Estate is currently being rented out at $26,000 per month. (Photo: Edmund Tie & Company) A freehold good class bungalow (GCB) in the exclusive Dalvey Estate GCB area will be put up for auction by owner’s sale at the end of this month, said sole marketing agent Edmund […]
Share Singapore: No Easing Of Property Curbs Until 2017 By Jax Lee / last year Although home prices may start bottoming out in the next few quarters, which could prompt a moderate recovery from 2018, easing of property cooling measures are not expected until next year at the earliest, according to property experts at the Real Estate Developers’ Association (Redas) property market seminar on Tuesday (12 July), and reported TODAYonline. […]
Share Singapore: Making The Case For A Car-Lite Future By Jax Lee / last year Drivers in Singapore spend nine hours commuting on the roads each week instead of engaging in leisure activities, according to a new study by the Urban Land Institute (ULI) Singapore and the Centre for Liveable Cities (CLC). In fact, the average motorist wastes a total of 2,549 hours, or 106 days of their lives, looking […]
Share Australia’s Post Commodity Outlook By Jax Lee / last year Having travelled the world in search of real estate opportunities for our clients, we can state that Australia is one of the most manageable and stable markets when it comes to property. While it presents excellent upside opportunities, the downside risks remain relatively minimal with prices well supported by strong market fundamentals. Take Melbourne for an […]
Share Homeowners Not Liable For Damage To Neighbour’s Property By Jax Lee / last year Property owners are not expected to supervise the work of contractors whom they hire, revealed the High Court in rejecting a move by a neighbour to make a homeowner liable for the damages caused by the contractor. “It would be intolerable if the law were to hold that all landowners who seek to construct homes […]
Share Private Residential Leasing Market To Soften Further By Jax Lee / last year Weakening demand and record levels of new housing supply have contributed to a softening private residential leasing market over the past two-and-a-half years, with the Urban Redevelopment Authority’s (URA) rental index for private homes falling by 9.1 percent from Q3 2013 to Q1 2016, revealed a JLL report. To meet pent-up demand following the 2008 […]
