Tekka Mall gets new name and focus
TEKKA Mall will be relaunched as The Verge, according to owner Corwin Holdings yesterday. The five-year-old mall, which is undergoing renovation, will become an IT, lifestyle and F&B hub so as to reposition itself to attract the right tenants and the right shoppers, with a better-defined identity. The Verge: The five-year-old mall, which is undergoing … Read more
HDB says residents under en bloc scheme generally satisfied
The Housing and Development Board (HDB) said its latest survey showed that residents under the Selective En bloc Redevelopment Scheme (SERS) were satisfied with their new and improved living environment. More than 1,000 households were interviewed in the 2007 survey. 96 per cent of the respondents said their present living arrangement was ideal because replacement … Read more
Survey shows en bloc scheme popular among Singaporeans
The latest HDB survey of residents affected by the Selective En bloc Redevelopment Scheme (SERS) showed the scheme is still a popular one among residents. The majority of the 1,000 households polled said they were given enough time to prepare for the relocation and that they were relocated to a place within the same estate … Read more
Over 2,300 applications received for Park Central@AMK flats
Singapore’s third condominium-style public housing project, Park Central@AMK received over 2,300 applications at the end of a two-week sales period. That’s four times more than the total number of units available. The project will comprise 578 units of four and five-room flats, including 20 penthouse apartments. They cost an average S$500 per square foot. Its … Read more
Removal of property fee guidelines unlikely to have deep impact
Market players said on Wednesday that the move to scrap guidelines on property agents’ fees by September 25 is unlikely to leave a deep impact on the real estate sector. But they warned against rogue agents who might try to cash in on the change in rules. The Competition Commission of Singapore (CCS) ruled on … Read more
Urban Lofts: Little India condo sold within 2 hrs
REAL estate agents claim a new five-story condominium in Little India has been “100 per cent sold within two hours of balloting”. The brisk sales for Urban Lofts has caught property analysts offguard, especially coming during the Hungry Ghost month, when superstitious buyers are traditionally scared away. It was also surprising given the current economic … Read more
Property fee guidelines must go, says watchdog
Move could foster competition and a price war among real estate agents Home buyers and sellers will be able to haggle over the commission they pay property agents after a guideline on fees is axed next month. The Competition Commission of Singapore (CCS) said yesterday that the guidelines adopted by the Institute of Estate Agents … Read more
Fee guidelines for property agents deemed anti-competitive
IEA has until Sept25 to remove its recommendation on fees, fee structures Existing commission guidelines for property agents – drawn up by industry body Institute of Estate Agents (IEA) – are likely to infringe the Competition Act, the Competition Commission of Singapore (CCS) said yesterday. The guidelines stipulate fees and fee structures for agents and … Read more
Tough calls in next property DC revision
Recent land sales point to cuts, but some disagree The next revision of property development charge rates is barely a month away. So what can the market expect? Recently a few 99-year leasehold condo sites at Woodleigh, West Coast and Choa Chu Kang were sold at prices below land values implied by current development charge … Read more
