Condo sales at showflats tapering off
One developer blames Livia’s pricing for ’spoiling’ other projects’ sales WHILE City Developments managed to sell 96 units last week at its Livia condo at Pasir Ris, developers of most other projects suffered rapidly declining sales at their showflats. At least one developer blamed Livia’s attractive pricing – $650 psf on average – for ’spoiling’ … Read more
Renting of HDB: Approval needed
A HOUSING Board (HDB) flat owner can only sublet his whole flat after getting written approval from the HDB, said a spokesman from the board said. And the sub-letting of flats or rooms is a private arrangement between the flat owner and tenants, he added. ‘Hence, HDB is not in a position to intervene in … Read more
Keppel Land still bullish on Vietnam
KEPPEL Land (KepLand) remains bullish about the Vietnamese market despite the country’s widening trade deficit and soaring inflation. Singapore’s third-largest developer said Vietnam’s economic woes had sparked fears of a possible devaluation of the dong. However, this would be unlikely to have a major impact on KepLand’s projects there as its rental income and residential … Read more
Citizens may suffer as PRs buy up HDB flats
AS A Singaporean, I felt uneasy when I read your article ‘Soaring rents pushing PRs to buy flats’ (July 5). Aren’t Housing Board (HDB) flats supposed to be an affordable form of housing for citizens? As indicated in your article, the burgeoning population of permanent residents and their purchasing power is one of the factors … Read more
WTO says Singapore’s economy one of the most competitive in the world
The World Trade Organisation (WTO) has praised Singapore for having one of the most open and competitive economies in the world. The accolade was contained in the ongoing trade policy review by both the WTO secretariat and members. The report on Singapore’s economy policy, released on Monday, was prepared as part of the WTO’s Trade … Read more
Inflation in Vietnam will not have any impact on Keppel Land’s projects
Inflation is soaring in Vietnam, and that’s driving up overall business costs there. Despite this, Keppel Land said it will not have any impact on its property projects in the country in the short term. In a filing with the Singapore Exchange, the property developer said its joint ventures with strong local partners in Vietnam … Read more
