Exclusive Living In Singapore
It seems that almost every week we are reading about a part of Singapore’s history that is soon to be gone forever, with iconic landmarks and institutions such as the Rocher Centre, the Thieves Market and Funan DigitalLife Mall all bidding adieu. Another one that can certainly be added to that list is Dakota Crescent Estate in Mountbatten.
To evade paying extra extension charges for the 50 left over units at Waterscape at Cavenagh, the developer of the 200-unit freehold residential project in District 9 had only one choice. That was to be acquired by its controlling shareholder. Obviously, a very major decision for any company. According to an SGX filing last week, Hiap Hoe Holdings bought the entire share capital of Cavenagh Properties for a whopping $31.08 million in cash. This is the revalued net asset value of the unsold units.
Two recent announcements have indicated the government’s intentions to alter the way people are able to sell prime HDB properties, while it is good news for young couples trying to get onto the property ladder.
There is no doubt that the world economy is going through troubling times, and it is impossible for Singapore not to be adversely effected by these events. The government though – in the shape of trade minister Lim Hng Kiang does not expect it to develop into a full blown recession. That said there is every likelihood that things will get worse before they start to improve.
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If you are considering buying a resale condo or EC, or are thinking about renovating your existing one, the type of flooring you go for is one of the most important decisions you can make. This goes for how practical and hardwearing the material is, as well as how good it looks, and what effects it will have on the resale value. Here we look at some of the most common types of flooring used in condos and EC’s in Singapore today.
The Land Transport Authority (LTA) will have a conversation specialist to guide on how to reduce the effect of the future tunnel works on Ellison Building. Authorities said in August that one of the nine units of the building will be broken down to make some space for upcoming North-South Corridor. It is a 21.5 km expressway. They also said that the building’s torn down corner comprises of house numbers 235, 237 and 239. It will be re-constructed after the tunnel is completed in 2026.
Takashimaya and Ngee Ann Development (NAD) had a dispute over rent calculation. It is now resolved and the department store was declared winner. The high court agreed with Takashimaya that the rental rate for the next five years should be according to the configuration of the space. The court gave written judgment last month, on Wednesday, September 14th.
The stock market in today’s time rushes like a roller coaster, where the riders cannot concentrate what is ahead of them. It is a well-known fact that around 80 percent of the population in Singapore resides in the HDB flats, whereas, the private homes are mainly occupied by the people who have higher incomes.
The property markets in Hong Kong and Singapore are quite similar, which is why these two Asian hubs have sought to make sure that houses are inexpensive and accessible for the residents since the past few years now. However, even then, the value of the property seems to diverge and thus, Singapore damps the demands of the buyers with curbs. Meanwhile, these restrictions have lesser impact on the diverging market of Hong Kong.
The Global Liveable Cities Index of 2010 says that Singapore is the most liveable city in all of Asia. Singapore has managed to maintain its image as the most liveable city even in today’s time. When the world is moving towards unhealthy and unhygienic forms of lifestyles, Singapore stands its ground. Other than that, the domestic security and the stability category of the city, which evaluates the crime rate and civil rate, are quite less as compared to the rest of the world.
It is a renowned fact that more than 80 percent of the total population of Singapore lives in the HDB flats, and thus, the government is taking measures to make sure that the quality of the public housing is improved, and is affordable for everyone. However, according to the authentic sources,the government is thinking through different options available for the newer HDB flats that will be built in the Greater Southern Waterfront and Jurong Lake District.
About 337 residential units for new launch condo, Forest Woods were sold over the weekend 8th & 9th of October 2016. All the smaller bedrooms (1 plus study ranging from 506 sq ft to 517 sq ft) to 2 Bedroom (603 sq ft to 818 sq ft) were completely snapped up by buyers on the day of balloting. The units were selling at an average psf of $1,400.
A property investor never wants their nightmare of losing money in a foreign real estate investment come true. Something similar happened to many Malaysian and Singapore investors. They lost money in a mega project planned in New Zealand but a little hope seems to be alive yet.
The usual laundry drying racks that can be spotted in the public housing landscape of Singapore are about to get a bit different. The housing board is looking at new design options as to make the laundry racks safer than before.
In the East region of Singapore, a land parcel along Siglap Road was released for land bid by URA in November 2015. The land which measures 19,309.6 square metres or approximately 207847 square feet is intended for residential use.
The residential site is just steps away to future Siglap MRT station which will be in operation in year 2023) (Thomson East Coast Line) and is nearby to schools such as Victoria Junior College and Victoria School. East Coast Park and the East Coast eating houses are also within a short distance away.
