Every day, 99.co takes a piece of property jargon and explains it in English. Today, we’re looking at the Letter of Intent (LOI) for all you tenants: What is a Letter of Intent (LOI)? In the property market, an LOI is a prelude to another binding document, the TA. It is a preliminary agreement by…
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There’s been an increased interest in HDB maisonettes lately, especially since the recent headline-grabbing million-dollar-flat transactions involve such a flat type. One example is this 30-plus-year-old maisonette in Bukit Timah. But these HDB maisonettes that have breached the million-dollar mark aren’t just those in central locations. This year, we’ve seen more million-dollar flats in less…
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When it comes to buying property, property auctions usually aren’t the first thing that comes to mind. Most people embarking on their property purchase journey only think of three main routes: Balloting for a BTO flat Buying a resale HDB flat Buying private property from the open market or a developer But not many are…
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The duo’s focus on consistency and sincerity has won them not just numerous awards, but their clients’ hearts. Sparking a flame of passion for real estate Alvin and Hazel have a collective 14 years of experience between them. For Hazel, hitting a low period in her marketing and branding job had left her feeling aimless,…
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Despite the cooling measures in December 2021 and interest rate hikes, signs from the last eight months show that the foreigner buying demand for luxury condos (worth S$3m and above) isn’t diminishing anytime soon. In fact, they continue to attract top foreign buyers, particularly from Mainland China. Between January and August 2022, Chinese buyers (Permanent…
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Minister for National Development Desmond Lee said in Parliament on Tuesday (4 October) that HDB will incur an estimated development loss of S$270 million from the Central Weave @ Ang Mo Kio BTO. The project was launched in the last HDB BTO exercise in late August. In particular, it drew significant attention during its launch,…
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