Enough of rogue agents
PropNex rolls out measures to win customers’ trust and confidence IF YOU discovered that the agent you had hired to sell your flat was also quietly acting for the buyer, you’d probably be hopping mad and looking for some kind of recourse. Unfortunately, there is nothing by way of laws over real estate practices that … Read more
Developers report drop in revenue
TWO property developers have reported a drop in second-quarter revenue, saying poor sentiment in the property market has led to lower sales – a trend that is likely to continue for the rest of the year. Allgreen Properties yesterday posted a 39.1 per cent drop in revenue to $74.1 million for the three months to … Read more
HDB flats: Low figure is building costs alone
I REFER to the letter, ‘Affordable HDB flats: Costings don’t add up’ by Mr Steven Yeo (July 22). Mr Yeo cited a Forum page letter published on July 12, 2004, where the writer gave the construction cost of a new flat as $50,400. This does not give the full picture of how much it costs … Read more
PropNex takes new measures to raise benchmark for agents
PROPERTY agency PropNex has unveiled a range of initiatives aimed at improving the quality of its agents. The measures range from ensuring that agents are properly insured to proficiency tests covering subject like ethics and HDB regulations. PropNex chief executive Mohamed Ismail said the new benchmark could result in 500 below-par agents being sacked by … Read more
PropNex expands into auction, management
It’ll focus on private homes, commercial realty for auction REAL estate firm PropNex is adding auction and management consultancy services to its repertoire in a bid to diversify its revenue stream, it said yesterday. PropNex’s auction division, set up three months ago, will conduct its first auction in September. The firm will focus on private … Read more
8 Nassim Hill
The freehold property comprises a land area of 34,854 square feet and consists of a 5-storey block of super luxury residential units with attic and basement carparks. There will be 16 super luxury triplex units with ultra high end fittings and fixtures. Each unit spread over three stories, will have its own pool, private gardens … Read more
