Income: Couple only ones to hit trigger point
Their failure to cooperate made things difficult: insurer MADAM Ng and her husband were the only reverse mortgage customers who had exceeded the 80 per cent loan-to-valuation threshold. NTUC Income said that two other loan accounts were close to the threshold in 2004. One customer found his own buyer and the sale proceeds were more … Read more
Falling prices scuttle couple’s ‘reverse loan’
Plan was to unlock value of semi-D home & get cash every month. But now they are forced to sell & repay balance of loan THEY once lived in this 350-sq-m semi-detached, house along Upper Serangoon Road. Then an outstanding home loan forced them to sell it and the elderly couple now live in a … Read more
HillLoft @ Jln Dermawan
Location: Jalan Dermawan (Hillview Ave) Tenure: 999yrs from 12 Oct 1885 Expected Completion: 30 Dec 2011 Total Units: 2 Cluster Bungalows + 12 Cluster Semi-Detach Unit Sizes: 4919sqft – 6706sqft Unit Types: 5+maid+family hall (2 Storey with Attic+ Basement) Selling Points: * Located at the higher ground with abundance of forest and superb view * … Read more
High-end, super luxury home prices slip in Q3: Savills
Prices of high-end non-landed private homes continued to slide for a third consecutive quarter. In Q3 2008, the average price for high-end and super luxury residential homes stood at $2,065 per square foot and $3,240 psf respectively, reflecting declines of 14.3 per cent and 12.0 per cent respectively since the beginning of this year, according … Read more
Charging premium rent in Tokyo getting harder
Seeking higher rents from tenants moving into new buildings has become ‘difficult’ amid the economic slowdown resulting from the credit crisis, said Mitsubishi Estate Co, Japan’s largest developer by market value. The owner of about 30 buildings in areas adjacent to Tokyo Station, Japan’s most expensive business district, earned record operating profit on rising leasing … Read more
Kaplan to open second campus in Orchard Road area by end-2009
Kaplan will set up a second city campus in the Orchard Road area by the end of 2009. The school said the 20,000 square-foot campus will cater to some 5,000 students. It expects 40 per cent of the intake to be international students. Kaplan opened eight campuses in mainland China in 2008. The new campus … Read more
SLA begins operating from Revenue House on Monday
Singapore Land Authority will begin operating from its new premises at Revenue House at Newton Road from Monday, Nov 24 2008. The relocation from its current premises at 8 Shenton Way will take place on Fri 21 Nov 2008 and continue throughout the weekend. SLA said its services will continue to operate in the usual … Read more
AMP Capital eyes funds for S’pore, Japan property
AMP Capital Investors wants to raise A$2 billion to A$3 billion (S$1.97 billion to S$2.96 billion) for Asian property in the next couple of years, hoping that bargain Japanese malls and Singapore offices will appeal to investors despite tough markets. The Australian fund management firm, a unit of AMP Ltd, is starting a push into … Read more
IndoChina, VinaCapital seek property ventures
Crunch time faced by small developers have opened up opportunities Indochina Capital and VinaCapital Group, two of Vietnam’s biggest investment managers, are raising funds to invest in the nation’s property market as the credit crunch hurt local developers. VinaCapital, Vietnam’s biggest fund manager, is in talks with investors to start its second real estate fund … Read more
S’pore is 4th best place to invest in: Poll
Republic pips rival HK in KPMG’s survey of 260 leading global firms THE global economy may be slowing, but Singapore has been rated as one of the top four places in the world to invest in during these turbulent times. A survey by accounting giant KPMG of 260 leading global companies, conducted in September and … Read more
