Farrer Park Mediplex to be ready by 2010
A medical complex – comprising a hospital, specialist suites and a hotel – will be built in Singapore by October 2010. Its aim is to grab a chunk of the burgeoning multi-billion dollar market for medical travel in Asia. The 19-storey Farrer Park Mediplex will comprise a hospital, specialist suites and a hotel. It is … Read more
Mah Bow Tan says home upgrading works will be affordable for all
National Development Minister Mah Bow Tan has given the assurance that no household will be left out of the benefits of basic home improvement works. Mr Mah, who is also MP for Tampines GRC, was speaking at the launch of an upgrading project at a Tampines precinct. Under the scheme – known as the Home … Read more
Home sales up, but pace slowing
Prices slip in July though sales up for 3rd straight month; high-end hard hit NEW home sales rose last month for the third month in a row, but the pace of growth braked sharply and the prices of sold homes slipped. Developers sold 897 new private homes in July, 12 per cent more than in … Read more
Ghost Month sneaks up on slow market
Home sales volume in July down 35% year-on-year, but does better month-on-month with 12% rise ONE year after the onslaught of the US sub-prime mortgage crisis, the Singapore property market is still looking weak. And property consultants are expecting sales to slow further, exacerbated by the start of the Chinese Hungry Ghost Month. According to … Read more
CBD-style office space coming up in suburbs
DEVELOPER Soilbuild Group Holdings is not overly fussed about current weak residential property market sentiment. While residential property remains Soilbuild’s core business, the firm is seizing the moment to beef up its business space development – as downtown office rents and other commercial rents are still relatively high. Soilbuild says it is creating Central Business … Read more
July boost for private home sales
But sector’s outlook still cloudy on slower growth DEVELOPERS sold 897 private homes out of the 1,322 launched last month, the highest number since last August, according to monthly data released on Friday by the Urban Redevelopment Authority (URA). This represents a 68-per-cent take-up rate. While the sales were a modest increase from June, when … Read more
Home sales up for third month in a row
New home sales rose for the third month in a row in July. However, the pace of growth slowed significantly, with developers launching more homes than they could sell. According to latest figures released by the Urban Redevelopment Authority (URA), buyers picked up some 900 new private homes last month, 12 per cent more than … Read more
HDB resale net services open to abuse
HOUSING agents under the accreditation scheme are allowed use of HDB resale application via net services. Only agents with Common Examination for Housing Agents (CEHA) are allowed to enjoy the resale net service. However, there are too many loopholes. Currently, even agents without CEHA use the system by keying in the names of CEHA agents. … Read more
End to guidelines a double-edged sword
I REFER to the article, ‘Property fee guidelines must go, says watchdog’ (Aug 6). As the first chairman of the legislation committee of the Institute of Estate Agents (IEA) that was responsible for the IEA code of ethics and conduct, and commission guidelines, I would like to clarify that the guidelines were not mandatory. They … Read more
Ex-HK housing chief quits New World China Land
A major Hong Kong property group said on Saturday it has parted company with the former head of the city’s housing department, whose appointment as a director had sparked widespread criticism. New World China Land said it had reached an agreement that Leung Chin Man should leave the company, just a week after taking up … Read more
