HDB resale market healthy but prices rising at slower pace
Total sale prices likely to be steady or higher while upfront cash demands may continue to slide. WHILE quiet may prevail in the private homes market, the resale market for HDB flats offers another picture – one filled with steady activities. Still, a number of potential HDB resale flat buyers are kept out of the … Read more
How to deny my father a share of my assets after I die?
Q I AM a 29-year-old executive with no assets except for some small savings, several insurance plans that will pay out on my death and an HDB flat that I will eventually co-own with my older sister. I am estranged from my father, who divorced my mother more than 10 years ago and has not … Read more
Will retiree be better off with annuity or rental income?
Q I AM wondering if I should continue to rent out my property or dispose of it and use the proceeds to buy an annuity that will provide a retirement income. Rentals will rise with inflation while an annuity is more or less fixed and will not keep up with inflation. Being a landlord, however, … Read more
Ritz-Carlton Residences: Putting on the Ritz
Luxury living goes up a notch with personal housekeeping and sommelier services at the first Ritz-Carlton Residences in Singapore. THE first Ritz-Carlton Residences in Singapore – and Asia – is sparing no expense to make its residents feel right at home. The 36-storey luxury residence in Cairnhill Road, which has 58 residential units, will feature … Read more
LTA awards site at Serangoon for transport hub development
SINGAPORE will have 10 integrated public transport hubs in about 10 years. The Land Transport Authority (LTA) yesterday awarded a ‘white’ site at Serangoon Central for an integrated development to a unit of Pramerica RealEstate Investors (Asia) and reiterated that four more integrated public transport hubs will be built – at Marina South, Jurong, Joo … Read more
Parking squeeze may take shine off new buildings
Rules vastly reducing carpark lots in new office buildings and malls are poised to bite. New office buildings and shopping malls coming up in the central areas of Singapore – especially in new downtown Marina Bay – are likely to feel the full force of existing rules limiting the number of parking spots allowed for … Read more
Prudential and SingPost launch property fund
SINGAPORE Post and Prudential Singapore Asset Management (Singapore) have launched an International Opportunities Fund (IOF) – Asian Property Securities, exclusive to SingPost customers. The fund, offered from yesterday, will invest mainly in closed-end real estate investment trusts (Reits) and property -related securities of companies incorporated, listed in or focused on the Asia-Pacific region. ‘Asia’s concrete … Read more
CCT’s ratings may be downgraded
CAPITACOMMERCIAL Trust (CCT) faces a possible ratings downgrade after it said on Thursday that it would buy the prime office building at 1 George Street for $1.17 billion. Ratings agency Moody’s Investors Service yesterday placed the trust’s ratings ‘on review for possible downgrade’, it said in an e-mail. The move stems from concerns that the … Read more
Poser over homes with 99-year lease
MR K.S. RAJAH’S letter, ‘Right to hold property guaranteed by law’ (March 20), rebuts Ms Susan Prior’s comment in an earlier letter, ‘En bloc sales eroding our sense of kampung’ (March 17), that ‘your home is not really your home’. Mr Rajah’s interpretation that ‘the right to acquire, hold and dispose of property is enshrined … Read more
Condo spirit better than HDB’s
MS SUSAN Prior’s letter, ‘En bloc sales eroding our sense of kampung’ (March 17), about the sense of kampung in condominiums is certainly not overstated. The kampung spirit in condominiums is very much better than in HDB estates where residents hardly interact with each other. In fact, all en-bloc sales are motivated by greed, worsened … Read more
