Indoor Plants for High Homes
Living in a high place with no direct sunlight becomes problematic when it comes to growing plants. Here, some high-dwellers and plant experts provide tips on how to go green in such place.Relations manager with an Italian luxury brands and owner of an expensive four-bedroom condominium apartment...
Continue Reading • 22 Oct 2009
SingLand Defies Industry Trend
The third quarter bottom lines of Singapore Land and United Industrial Corporation (UIC), Singapore Land’s parent company, showed a marked improvement compared to the previous year’s Q3 bottom line. The Q3 net earnings of SingLand valued at $39.8 million dollars, a 32 percent...
Continue Reading • 22 Oct 2009
John Lim Calls for Debt Refinancing
John Lim, who serves as CEO to the ARA Asset Management Group, presented several proposals for the benefit of Singapore real estate investment trusts (S-REITs) in the wake of the financial crisis. According to Lim, refusing to relax bank lending to S-REITs would result in severe consequences for...
Continue Reading • 22 Oct 2009
Going Green Won’t Go
The economic downturn means that some organisations will hold off green development. The reason, a building consultant said, lay in the fact that green development had not shown any short-term benefits. The fact that going green had long-term benefits, such as cost efficiency that should attract...
Continue Reading • 22 Oct 2009
Renewing the Lost Glory
Many people who knew Madam Lyn Lee and her husband are scratching their backs after the couple shelled out $500,000 to renovate a 1920s pre-war shophouse. Some are even considering this as insanity to buy the rundown 1,300 square feet corner unit eight years ago near Tembeling Road with a market...
Continue Reading • 22 Oct 2009
Asia anticipates recovery in 2010
The global economy has suffered tremendously since the start of the 2008 economic downturn. With the aggravating effects of the 2009 recession in Asia, everything seems gloomy for all businesses and international transactions.Worldwide forecast for 2010 brings optimism that it will be a time for...
Continue Reading • 22 Oct 2009
Shelving Home Deals a Difficult Task
A signed deal is a binding contract with technical legalities. Once the option to buy a product or service is approved and the deposit is paid, turning back from your payment schedule is not that easy. With the global economic downturn, every investor or speculator examines the financial...
Continue Reading • 22 Oct 2009
Bigger Deficits Welcome the New Year
The Government of Singapore now faces the biggest financial deficit it ever has since its independence from Malaysia in 1965. The value of the current debt is also remarkable when compared to Singapore’s second biggest deficit in 2001. The amount of the debt in question currently reaches...
Continue Reading • 22 Oct 2009
KepLand’s Forecast Sets Gloomy Fate
As real estate companies cry for help for rehabilitative funding, slowdown in the operations has been felt since the start of the global recession. The construction sector has posted minimal improvements and many priority projects have been put on hold status.Keppel Land, the third largest...
Continue Reading • 22 Oct 2009
Means to Help the Property Sector
With the dilemmas that the property sector is experiencing these days, a special budget boost has been developed with measures intended to help developers who are waiting for a positive change in the demand for properties. One of such budget boosts is the deferring of property tax for two years....
Continue Reading • 22 Oct 2009
Land Owners to Get High Tax Rebate
Industrial and commercial property owners are expected to get 40 percent tax rebate, valued at $800 million this year.Such rebate is given as part of the $20.5 billion austerity programme endorsed by Finance Minister Tharman Shanmugaratnam to assist many Singaporeans in reducing costs and job...
Continue Reading • 22 Oct 2009
CapitaLand’s Say on Fund Raising Issue
The largest property developer in Southeast Asia and the parent company of The Ascott Group Limited, which can be found in Singapore, is still keeping quiet about what it holds for the fund raising issue as regards to rights.During the filing to the stock exchange, the company in question,...
Continue Reading • 22 Oct 2009
Singaporeans’ large expenditure on renovations and property
Based on a MasterCard survey, unlike most other neighbouring countries in Asia-Pacific, Singapore does not show any sign to reduce their spending on renovations and property. Consumer Purchasing Resilience’s MasterCard Worldwide Index of rates the planned expenditure categories’...
Continue Reading • 22 Oct 2009
Listed builders benefit from government projects
According to some analysts, a number of contractors that are registered on the Singapore Exchange are likely to gain advantage from a plan proposed by the government to boost the construction of minor public sector projects. Late last week, analysts issued fresh “neutral” or...
Continue Reading • 22 Oct 2009
Sensible steps for home owners
National Development Minister Mah Bow Tan said the previous day that home owners will be aided by the government during the economic downturn, though moves to temporarily support the private property market are less likely to progress in these trying times.Buyers may probably think of staying on...
Continue Reading • 22 Oct 2009
Property agents use deceitful ads
Mrs. Rupert See would like to get some attention to the property agents regarding their unethical practises.She had been looking for a house for quite a while now and came across several instances of property agents putting deceptive advertisements in order to attract purchasers.In an instance, a...
Continue Reading • 22 Oct 2009
Generate Profit on Asian Property Investments Now
According to Matt Nacard, Property Research Head at Macquarie Securities’ Asia, now is the perfect time to generate profit on property investments, particularly across Asia, where governments are finding measures to pacify the current situation in the market.“Basically, it doesn't get...
Continue Reading • 21 Oct 2009
Smaller Units Becoming the Latest Trend
Property players are keen in offering smaller housing units nowadays.This trend originated in the mid-tier and mass-market projects. However, development projects in downtown areas such as One Shenton, Icon and Sail@Marina Bay have also built room units smaller than 700 sq. ft.Executive Director...
Continue Reading • 21 Oct 2009
Low sales for private home
Private homes sales plunged for the previous month with only 131 new private units sold, down from the 193 units sold last November. The fall capped the toughest year for the new sales all over the island since 1990.The previous year only had 4,287 units sold, which had been a remarkable...
Continue Reading • 21 Oct 2009
CapitaLand’s green initiative saves $1.5m
Yesterday, CapitaLand said it saved nearly $1.5 million because of green initiatives it made last year. These green initiatives were brought in as a part of the firm's ISO certification for environmental management, which it successfully acquired for its operations in Singapore in 2007.In the...
Continue Reading • 21 Oct 2009