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 … Read more
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 … Read more
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. … Read more
Everyone has their own dream house. However, many of the couples are upset as they can’t afford for a house due to current property market keep rising as well as difficult to apply the mortgage loan. Due to this reason, many of the property developers are likely to take advantage of this opportunity to starting to develop … Read more
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 … Read more
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 … Read more
Singapore has maintained its ranking from last year as the world’s fourth most expensive city for expatriates, according to Mercer’s 2016 Cost of Living Survey. Hong Kong topped the list, pushing Angolan capital Luanda to second place. Zurich remained in third place, while Tokyo climbed to fifth. Kinshasa and Shanghai took the sixth and seventh … Read more
Property developer TG Development has unveiled a new scheme that will allow buyers to rent a unit at Lloyd Sixtyfive in River Valley before deciding to purchase it. Under its Experiential Leasing Scheme, a potential buyer can sign a two-year lease and pay the rent and refundable deposit upfront to stay in a brand new … Read more
To avoid paying hefty extension charges, some property developers are resorting to big discounts and creative marketing schemes to move units at various high-end residential projects, according to UOB Kay Hian and reported Singapore Business Review. Wheelock Properties, for instance, is offering an ABSD assistance package at Ardmore Three, offering buyers discounts of 13 to … Read more
The ex-property agent – Goh Chan Chong, 40, was found guilty on 2 corruption charges after, he offered bribes to a senior manager from United Engineers Development in order to get priority access to a launch of The Rochester in North Buono Vista in 2007. He was sentenced to 12 weeks’ imprisonment and fined a $100k on 31 … Read more
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