The name Dyson has made news again in Singapore property: Just a little more than one year after purchasing the largest penthouse in the country at Wallich Residence for a record $73.8 million, the Dysons are now selling the Core Central Region (CCR) property at $62 million—incurring a $11.8 million loss, according to a Business...
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Five years after Mediacorp moved out of its former premises at Caldecott Hill, the media conglomerate finally called for a tender for the massive 7-hectare land it left behind. In an announcement made on 14 October 2020, Mediacorp appointed real estate consultants CBRE and Showsuite Consultancy to market the District 11 site to developers interested...
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Here’s what we’ve learnt during our work-from-home (WFH) experience the last few months: ordering food in is expensive, video meetings are annoying and, worst of all, it is extremely difficult to be productive when your WiFi operates at a sloth-like speed. We may have put up with slow WiFi pre-Covid, but now that most of...
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Applying for a home loan in Singapore is a long-term financial commitment. Naturally, you’d want to ensure you not only start with a low interest rate, but you also want the reassurance that your interest rate won’t increase dramatically overnight. In trying to find a home loan package that fit this criteria, banks began to...
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For many in the industry, the Rex Tan Division (RTD) at Huttons is no unfamiliar name. Having been established since 2007, RTD today has grown to a 800-strong team today. Many who have interacted with RTD would know of their dedication to innovation, and a passion to continuously put the needs of their agents and...
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Property portal 99.co presents the following weekly property news roundup for the week of 10 to 16 October: #1: September HDB and condo rental volumes up nearly 50% The phased opening of Singapore’s border with Malaysia since 17 August has had a dramatic impact on HDB rental volume, as Malaysian workers returned to Singapore. In September...
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Faced with a competitive rental market due to the onslaught of Covid-19, landlords are now feeling the squeeze from expats leaving Singapore or downgrading to a smaller rented home. Most of these landlords have significant mortgage obligations that depend on consistent rental income, and prolonged vacancy would mean being unable to service the home loan...
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It’s common knowledge that, when a HDB owner buys a condo unit, he or she has to fork out an Additional Buyer’s Stamp Duty (ABSD) for the purchase of a second property. Even if the HDB owner is an upgrader who intends to sell the flat and keep only one property, the ABSD must still...
The post Upgrading to a condo: Why the ‘ABSD remission’ system should be abolished appeared first on 99.co.
Call it an ‘old uncle’ mentality, but there’s a small but significant number of freehold-only Singaporean property buyers who steadfastly refuse to ever consider buying a 99-year leasehold condo. Might as well throw money down the drain lah, they’d argue. Truth is, the tenure of a private property seldom defines whether it’s a good buy...
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On 8 October, the government announced a further extension of temporary relief measures directed at property developers, including allowing a further extension of various project completion deadlines by six months as Covid-19 continues to disrupt the construction industry. This extension is on top of the previous six-month extension announced on 6 May, after the Building and...
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