Exclusive Living In Singapore
SERANGOON
Serangoon New Town, is an arranging region and matured housing estate situated in the North-East Region of Singapore. Serangoon occupants appreciate a decent scope of enhancements and helpful transport associations. In the next few of years, Serangoon will offer occupants better offices, more recreational choices and enhanced transport availability.
The Smart Nation journey that the government has set the nation on encompasses all aspects of living, and involves everyone on the island. It isn’t something that a government department puts in place, and suddenly we have achieved the goal. For Singapore to become the world’s first truly Smart Nation, every aspect and facet of the country, from the education bodies, to business, from government to the man and woman on the street has to embrace the concept and help push it forward.
PPS, a New Kind of Deal
It is at times of downturn, when every dollar is harder to come by, that the shrewd businessman and forward thinking businesses really come into their own. When times are good, you don’t have be smart, you just need to do the basics well, and you will be fine. When times are tough however, that is when you really prove your mettle. As proof of that, developers, agents and owners alike are trying ever more clever and inventive ways to move units, improve the market price of their property and unlock potential value from their assets. Here we look at one of those measures – PPS. We examine exactly what it is, and how developers are using it to their advantage.
The 2014 budget contained measures to increase the productivity level in the construction industry. One of the consequences of this was that the Building and Construction Authority (BCA) subsequently announced a raft of changes to Building Control (Buildability and Productivity) Regulations. These were predominantly designed to simplify and increase the efficiency of construction techniques on the island. One such stipulation is that all non-landed residential developments now need to use dry wall as internal partitions for dry areas.
When traveling and holidaying abroad, Airbnb offers a cheap and convenient alternative to hotels and traditional b and b’s. The idea is that a home owner offers their apartment or room out for rent on a short term basis. It is fast becoming not only the preferred option for many Singaporeans, but also for many visitors and tourists when visiting the island. A quick search of the Airbnb website shows there are in the region of 6000 separate Singapore properties listed, and similar home sharing sites such as Roomorama and PandaBed are not too far behind.
There is a new player on the Singapore housing landscape, one that has always been there but in recent months has started to become more and more evident. The mortgagee and auction sale. So exactly what are these, how many properties are actually being sold this way, and why are they on the rise?
It isn’t very often that the property market is led by developments and trends in the car market but after the Monetary Authority of Singapore eased the curbs on car loans there has been heightened speculation that they may do the same for property in the near future. Is that likely, and if it does go ahead, what are the likely consequences?
Located on the site of the ill-fated Alexandra Precinct, Mapletree Business City, and the currently under construction MBC II is a very welcome addition to Singapore’s tech business space. It is an industry that is ever hungrier for good office space, and one that Singapore is keen to encourage.
Those thinking the property market in Singapore is going through tough times should take a look at what is happening in Hong Kong, where the situation has been described as being in free fall. In what appears to be a perfect storm for a property crash, the former British colony is facing the biggest crisis since 1997, with some experts predicting this will have even greater consequences. In the 1997 crash, property prices were slashed by almost half in just 12 months. So how bad is it in Hong Kong, what has caused it, and what are the hopes for the future?
The slow housing market, coupled with the looming spectre of the additional buyers stamp duty ABSD), has meant that many developers have been employing ever more creative methods to shift their empty units. Not all of these bend the rules, but some certainly do and occasionally go further and break them completely. The URA (Urban Redevelopment Authority) is very much aware of the situation, and is keeping a close eye on developments, stepping in to put a stop to those practices that have – in its opinion, gone too far to entice new buyers to part with their cash. Here we look at some of the successful – and unsuccessful methods developers have tried.
There is an ever increasing demand for condominiums in the west of the island – a demand that doesn’t just stem from the well-publicised developments in and around Jurong. There are several other initiatives and projects that have created, and are still creating an unprecedented and huge pool of high quality tenants and potential tenants.
Singapore’s Eastern Region is one of the most diverse areas of the island. It is often overlooked however when it comes to finding a place to live in favour of more celebrated areas – Jurong for example. It has many advantages though that mean it should definitely not be ignored: transport, ease of access, parks, the coast and a wide variety of housing options to name just a few.
The collective sale market has continued to struggle, with experts predicting that nothing is going to change in the short term. There have been several examples where developments have been put up for sale, with the tender subsequently closing having received no bids. This despite going to the market several times, at a reduced price each time.
So which areas have been particularly effected, what is causing this downturn, and is there hope for the future?
