2022

A District 10 bungalow at Jalan Jelita has just been offered for sale for S$20.5m. At S$3,402 psf, the property is accepting private offers and sits in an extremely exclusive neighbourhood, shared Kevin Lim, Chief Agency Officer of ERA Singapore. With a land area of 6,025 sqft, this 999-year bungalow is near Holland Village MRT…

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Following recent news about HDB resale flats hitting the million-dollar mark in the suburbs, the number of million-dollar flats sold has hit a record high in September 2022. According to Pow Ying Khuan, Head of Research at 99 Group, as of 30 September morning, 43 HDB resale flats have breached the million-dollar mark this month.…

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Managing Agents are JACK of all trades. For an estate to be well managed, the management Council needs to be competent, knowledgeable and be able to provide strategic directions. Thus, we do have a competent Managing Agent and as Council Member we work with them as a partner in the well being of the estate. We have to understand that an estate is "growing" daily, thus the Repair and Replacements processes daily, is inevitable especially If we walk around after rainy days. A competent managing agent,like Nouvelle, will attend to it daily which may take time. From my experience, I have worked with MA that will call in Vendors to attend to the smallest job. Thus the cost of MCST is out of control.

The government announced new property cooling measures, effective from 30 Sep 2022 onwards. Read about the new property curbs here.

As US interest rates continue to rise, the Monetary Authority of Singapore (MAS), Ministry of National Development (MND) and Housing and Development Board (HDB) have taken a pre-emptive step to introduce new cooling measures (albeit ‘temporary’ and subject to continuous review and updates). The move is aimed at promoting more prudent borrowing and avoiding future…

The post New property cooling measures (September 2022): Borrowing restrictions and lower LTV limit to affect home loan applicants and private-to-HDB resale flat buyers appeared first on .

Didn’t manage to get a good queue number from the past HDB BTO or Sale of Balance Flats (SBF) exercises? Here’s another chance to buy subsidised housing directly from the HDB, via the Open Booking of Flats exercise. What is Open Booking of Flats? Open Booking of Flats is one of HDB’s modes of sale,…

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Starting from 6 rooms in 2019, The Assembly Place (TAP) has crossed 1000 rooms to date across more than 90 locations in Singapore. This reaffirms TAP’s commitment to expanding its presence in Singapore. This follows TAP’s opening of its first co-living hotel with 23 rooms, The Assembly Place, a Co-Living @ Mayo (former Mayo Inn)…

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November’s 2022 HDB BTO launch in Yishun will see not one, not two, but three projects. 2,960 units are expected to be launched along Yishun Avenue 1, making up around 31% of the overall number of units.  This comes second to Queenstown’s 3,250 units, followed by Tengah’s 2,070 units. The last launch in Yishun was back in May, with…

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In reply to <a href="https://www.99.co/singapore/insider/3-rule-changes-floor-area-land-betterment-remnant-land-property-prices-en-bloc/#comment-202977">Yew Siong</a>. Hi Yew Siong, Usually, for en bloc, the Method of Apportionment (MOA) is used to determine the share of the sale proceeds each homeowner gets. There are four ways to distribute: 1. Based on share value - may not apply to older condos 2. Based on strata area 3. Based on valuation - different valuers may adopt different methods 4. Based on a combination of the three above, with different weightage for each. Note that for (3), a valuer may adopt a method which is typical of a unit of each type or category, disregarding renovations, facing, floor level, etc., but he or she may half the area attributed to a roof-top terrace for valuation (due to it being part of a "bonus floor area"). Also, if based on strata area (2), the apportionment ratio for a unit is the unit's individual strata area divided by the total of all the individual strata areas on the title deeds of the units in the entire estate. If the MOA is based on strata area, your strata void areas are still included. However, after 1 June 2023, strata void areas will be excluded from the strata area. Hope this helps!

Fully agreed with Sebastian, sometime these Council members think they are smarter and knowledgeable than the Managing Agent and acted in contrary with the best practice and innovative resolutions being recommended.