All posts in "International"
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New Rules For Transfer Of Flat Ownership

By Kim Wong / a couple of years ago

owners who want to relinquish their ownership in favour of another family member are no longer permitted to do so, except on certain grounds, reported The Straits Times. Under the new rules which came into force last month, transfer of ownership is only allowed for divorce, marriage, medical reasons, death of an owner, financial hardship […]

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Dubai House Prices on Track for Another Double-Digit Drop

By Kim Wong / a couple of years ago

Property prices in Dubai could fall by as much as 10% this year as a strong dollar and falling oil prices continue to weigh on demand for homes in the popular tourist destination. Dubai’s real estate prices tumbled by around 13% on average in 2015 and Standard &  Poor’s, one of the big three credit rating […]

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North-South Corridor To Be Ready In 2026

By Kim Wong / a couple of years ago

The Land Transport Authority (LTA) will be calling several tenders for the construction of the 21.5km North-South Corridor (NSC) in the coming months. With the aim of connecting towns in the northern region to the city centre, the NSC is touted as Singapore’s first integrated transport corridor, featuring continuous bus lanes and cycling trunk routes, […]

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Forest-Themed Condo Fully Sold

By Kim Wong / a couple of years ago

Jewellery and property group Aspial Corporation has secured $275 million in revenue after selling all the units at Waterfront @ Faber, which comprises 199 apartments and 11 strata-landed homes. The group expects to receive a substantial payout once the residential project receives its TOP in the first half of 2017. “Despite the challenging operating environment, […]

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Doctor House Calls A First For Singapore Condo

By Kim Wong / a couple of years ago

The sales gallery for Gem Residences, the first private condominium to launch in Toa Payoh since 2009, will open (29 April) at Lorong 5 Toa Payoh. Jointly developed by Gamuda Land, Evia Real Estate and Maxdin, the 578-unit project is expected to cater to the pent-up demand for property in the area. A mix of […]

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New HDB Flats Now More Affordable

By Kim Wong / a couple of years ago

Paying off the monthly instalments of HDB loans for Build-To-Order (BTO) flats has become easier in the past three years, even though the maximum tenure of these mortgages was reduced from 30 years to 25 years in 2013, reported TODAYonline. According to the Housing Board, the debt servicing ratio (DSR), or the proportion of a […]

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Tasmanian Village On Sale For A$13M

By Kim Wong / a couple of years ago

A small scenic village on the island of Tasmania in Australia was recently put up for sale, drawing interest from local and international investors, including Singaporeans, reported Agence France-Presse (AFP). The 145ha Tarraleah village has attracted potential buyers from Australia, China, Hong Kong and Singapore since it was listed on the market late last week, […]

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China Researcher Sees Downside Risks In Property

By Kim Wong / a couple of years ago

SHANGHAI: There are downside risks for the China property market in the second quarter because of the tightening measures that have been reintroduced to some cities, a Chinese government researcher said. The curbs in first-tier cities are limiting property sales’ growth, Zhang Changcai, deputy director general at the Information Research Department of the State Council, […]

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Dubai’s Emaar Seeks To Surpass World’s Tallest Tower With New Landmark

By Kim Wong / a couple of years ago

DUBAI: Dubai’s Emaar Properties plans to build a new tower in the emirate to surpass the Burj Khalifa, currently the world’s tallest building, chairman Mohamed Alabbar told reporters. The new project comes as Dubai developers continue to announce new schemes despite a softening real estate sector, with the Emaar-built Burj Khalifa expected to be usurped […]

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Foreigners Shying Away From US Property

By Kim Wong / 3 years ago

The US National Association of Realtors (NAR) has stated that demand from foreign buyers is weakening, with the strong US dollar and rising home prices forcing some investors to look at other countries that offer more value, reported The Wall Street Journal recently. Many experts had predicted that foreigners would flood the US property market […]

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