Most expensive flat in Asia sold in HK
A luxury flat in Hong Kong has sold for HK$225 million (US$28.8 million), the most expensive apartment per square foot ever sold in Asia, a report said on Wednesday. The 80th floor penthouse with a private swimming pool and spectacular view of Hong Kong’s Victoria Harbour sold for HK$41,000 per square foot, a report in … Read more
Keppel Land buys new Shenyang site for integrated township development
Keppel Land has bought a 10 hectare site in Shenyang’s Shenbei New District for about S$31 million. This parcel is located next to another site which Keppel bought in August 2007. The combined area of some 34 hectares will house an integrated township development, with a mix of mid- and high-rise apartment blocks. The new … Read more
US mortgage refinance applications plunge: MBA
Applications for US home mortgages dropped for the fourth week in the last five as soaring rates on standard, fixed-rate mortgages choked off refinancing opportunities, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity fell 8.7 per cent to 508.4 in the week ended June … Read more
China’s May property outlook index falls
China’s property outlook index, which covers price and investment trends in the sector, fell to 103.34 points in May from 104.07 in April, the National Bureau of Statistics said on Wednesday. The index has been falling since it peaked at 106.59 in November. The index distils trends in investment, prices, and supply and demand in … Read more
Are stocks and properties an inflation hedge?
THE Manpower Ministry’s labour market report for the first quarter reveals that employees in manufacturing, transport and administrative jobs saw their real wages shrink, compared with the same period last year. Their pay increases did not quite match the 6.6 per cent inflation rate. On average, real earnings grew 3.6 per cent compared to the … Read more
Tampines residential site up for tender
Offer seen as acid test for property market after recent signs of upswing A NEW home site on offer in Tampines, overlooking Bedok Reservoir, could shape up as an acid test for the property market after recent signs of a revival. The Urban Redevelopment Authority (URA) yesterday invited developers to submit bids for the 3.2ha … Read more
Property tax raised twice in a year
IN SEPTEMBER last year, the Inland Revenue Authority of Singapore (Iras) revised the annual value of our property and barely half a year later, it has once again revalued it upwards. Is it fair for the Government to increase property tax twice within a year, especially when many people are struggling to make ends meet … Read more
Can landlords hike rents by 300%?
MY FAMILY has been living in rented houses in the Bukit Timah area for more than nine years now and we have just been told by our landlord that our rent is to double at the end of our lease this August. During the past nine years, we have not seen such a huge rent … Read more
Family: We lost $290,000 over back lane
When trying to sell house, owners surprised to find out Government acquired their land THEY were offered close to $2 million for their two-storey shophouse and the back lane behind it. But while trying to retrieve an online copy of the title deed to the back lane, the Goh family found out that the tiny … Read more
URA plot facing Bedok Reservoir up for sale
Fairly good response seen with modest bids ranging from $200-$300 ppr A 99-YEAR leasehold condo plot at Tampines Ave 1/10 fronting Bedok Reservoir, launched yesterday by the Urban Redevelopment Authority, is likely to draw modest bids ranging from $200 to $300 per sq ft of potential gross floor area, given tepid developer sales, property consultants … Read more
