Laguna Park residents confident of reaching S$1.2b target
While the en bloc market may have slowed, the residents of Laguna Park are optimistic their prime location will help them get their asking price of S$1.2 billion. The en bloc sale of the 30-year-old condominium crossed the 80 per cent threshold on Friday allowing the process to proceed to the marketing stage. This is … Read more
More move-in apartments available
Number of completed condos with unsold units is set to increase with the downturn AS THE property market heads into a down cycle, there will be more and more completed condominium developments with unsold units. At the end of the third quarter, the number of unsold units in completed non-landed developments stood at 759, up … Read more
Crunch time for borrowers
Banks are being more conservative, say observers, but lenders deny tightening credit ARE banks here starting to play Scrooge when dishing out consumer loans? Financial institutions are not admitting to it, but they appear to have turned shy in granting loans, especially for property and motor vehicles, some observers say. ‘We do feel they are … Read more
Cash-over-valuation quandary
Q I’m single and I would like to get a resale flat as I’m ineligible for a new flat. However, I’m unable to afford the cash-over-valuation price that most house sellers are asking for. What other means are there of getting a resale flat without the need to pay this amount? What help can I … Read more
Er, what is a Reit?
Where do you see this? Among the listed firms on the Singapore stock exchange, in some shopping malls and office buildings. What does it mean? Reits are real estate investment trusts. Their portfolios are made up of several properties. They own shopping malls, office buildings, industrial buildings, carparks, serviced apartments or hotels. They collect rent … Read more
