2022

Cash is king now

We all heard of the saying “cash is king”. It is especially true at this point of time. To cope with rising inflation, the Monetary Authority of Singapore has gone ahead with three rounds of monetary tightening. Each round resulted in further reduction of money supply. Suddenly, cash becomes precious. Everywhere people are looking for... [read more]

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Do sales of multi-million-dollar kopitiams affect price and demand of surrounding HDB flats?

Besides million-dollar HDB flats, there are now multi-million-dollar kopitiams, or coffee shops, in our HDB heartlands. You may be sitting on those flimsy plastic chairs, sanguinely sipping your kopi siu dai and eating your kaya toast and half-boiled eggs, not realising that potentially, you could be doing so at an 8-figure joint. Notably, these are…

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Comment on Guide to breaking lease and early termination of tenancy agreement in Singapore by Ms K

My tenant (Miss A) just moved in (it's a 2 year contract). During viewing, she saw the existing furniture. Her signed LOI did not list down any requirements either. I had also provided the inventory list together with the TA to sign, 2 weeks before handover date (which she signed on, 2 weeks before handover date). During viewing and the subsequent days following the viewing, she stated a few times, that she has no requests - no need to remove any furniture, no need for me to provide any furniture. She only has her dog with her (which I'm ok with). Now that she has moved in, she is asking me to remove some pieces of furniture. Pieces that were present in the apartment during her viewing. I had another offer for higher rental but person wanted some furniture removed, and I turned that down to take Miss A as my tenant because she stated she does not need any furniture removed. (I prefer to keep all the furniture.) Is this misrepresentation? I signed the TA with her mainly because she said she is ok to have all the furniture. Can I rescind the contract? Oh, and just before she signed the TA (16 days after she viewed the unit), she suddenly informed that "she had forgotten to mention that she also has a cat with her". She mentioned having a dog many times, but during those times, she forgot she has a cat too.

People’s Park Centre up for second en bloc with at S$1.8 billion

It looks like en bloc sales are heating up again, as People’s Park Centre goes on the market for a guide price of S$1.8 billion.  This is its second attempt at a collective sale, with a 33.3% increase in the asking price. Its first attempt in 2019 was lodged at S$1.35 billion.  Other big-ticket en blocs International…

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What’s allowed in your HDB riser, corridor and common areas?

If you’ve ever done HDB viewings, you would’ve likely encountered flats where the homeowners made the HDB corridor and common area their own.  Their interior decor spills out from their house onto the exterior of their flat, where they personalise it with all sorts of things from photo frames, plant racks or hanging planters, other…

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166 million-dollar HDB resale flats sold in the first half of 2022

31 HDB resale flats were transacted for at least a million dollars last month, according to the 99.co and SRX Flash Report on the HDB resale market in June 2022. This brings the total number of million-dollar flats sold in the first half of 2022 to 166, a 57% increase from the 106 million-dollar flats…

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