Blk 108 64sqm 2bedrooms
Well Kept Quiet
Near Boon Keng MRT, Town, Food Centres, Schools, Market
Valuation $on the way, Asking $view to offer
Monday, December 7, 2009
3S Boon Keng for Sale Blk 108
3S McNair Rd for Sale
Blk 108 64sqm 2bedrooms
Well Kept Quiet
Near Boon Keng MRT, Town, Food Centres, Schools, Market
Valuation $on the way, Asking $view to offer
Blk 108 64sqm 2bedrooms
Well Kept Quiet
Near Boon Keng MRT, Town, Food Centres, Schools, Market
Valuation $on the way, Asking $view to offer
5I Seng Kang for Sale Blk 269D
5I Compassvale Link for Sale
Blk 269D 111sqm High Floor Unblocked Windy
Premium, Renovated, Cozy, Nice Layout.
Near Compass Point, MRTs and LRT.
Accessible by TPE , KPE , etc.
Valuation $on the way Asking $460k.
Blk 269D 111sqm High Floor Unblocked Windy
Premium, Renovated, Cozy, Nice Layout.
Near Compass Point, MRTs and LRT.
Accessible by TPE , KPE , etc.
Valuation $on the way Asking $460k.
5I Punggol for Sale Blk 126C
5I Edgedale Plains for Sale
Blk 126C 110sqm High Floor
Renovated, Cozy, Nice Layout.
Near Punggol Point.
Accessible by TPE , KPE , etc.
Valuation $on the way Asking $view to offer.
Blk 126C 110sqm High Floor
Renovated, Cozy, Nice Layout.
Near Punggol Point.
Accessible by TPE , KPE , etc.
Valuation $on the way Asking $view to offer.
EA Punggol for Sale Blk 192
EA Punggol Central for Sale
Blk 192 128sqm High Floor
Renovated, Cozy, Nice Layout.
Near Punggol Point.
Accessible by TPE , KPE , etc.
Valuation $on the way Asking $view to offer.
Blk 192 128sqm High Floor
Renovated, Cozy, Nice Layout.
Near Punggol Point.
Accessible by TPE , KPE , etc.
Valuation $on the way Asking $view to offer.
Tuesday, December 1, 2009
Consumers back proposals to regulate real estate agents
SINGAPORE: Members of the public said that property agents must pass a standard industry entrance examination before they are allowed to practise.
The exam should not only test them on practical knowledge of the real estate industry and how to carry out their work, but it should cover ethics as well.
This was part of the feedback received during a public consultation exercise for a new regulatory framework for the real estate industry. The exercise gathered over 200 comments.
The public consultation is now closed, and the Ministry of National Development (MND) said that most of the feedback received was in line with the suggestions made by industry experts during an earlier consultation exercise.
The MND spent about two months consulting industry practitioners and the public on what the new regulatory framework for the real estate industry should comprise. The key elements of the framework are expected to be announced early next year.
Most complaints about property agents stem from unethical practices or misconduct. Hence, it is no wonder why consumers who gave their views on the real estate regulatory framework supported proposed measures to weed out errant agents.
Members of the public welcomed the move to license individual agents. They also supported the proposal to disallow an agent from representing both the buyer and the seller of a property.
Some respondents also suggested that the government regulate the commission earned by agents by setting a standard commission guideline. This will serve to curb undercutting among agents and protect less-educated consumers from being over-charged by agents and minimise disputes between consumers and agents.
Other suggestions on regulating the industry include educating consumers on their rights and responsibilities, and disallowing property agencies and agents from buying properties directly from sellers or developers and reselling them during good times.
Industry players hope the government will implement the minimum entry qualification for agents soon.
Dr Tan Tee Khoon CEO of Singapore Accredited Estate Agencies, said: "This is to stipulate competence so that when a client is dealing with a particular agent, he or she would know that this agent has the requisite body of knowledge to deal with real estate transactions. And the demerit points system will help to provide a deterrence to negative professional conduct."
But industry players said the suggestion to limit the size of agencies to better control agents was impractical.
PropNex CEO, Mohamed Ismail, said: "We've seen such things being implemented in Malaysia. And they (agencies) beat the system by having more licences and one of the main problem they realise here is that when you limit, you not only curtail entrepreneurship but also they don't enjoy the economies of scale.
"And today, all the big agencies in Singapore, because they do have these numbers, they're able to provide greater support like in-house legal, conventions, training, mediations, disciplinary board within the company. Such things are only possible when you have the numbers."
Even though the government has only received over 200 suggestions from the public, industry players said it is not the quantity but the quality of the feedback that counts.
In fact, they said the public's proposals come as no surprise, because ultimately the practitioners and the consumers are making the same call, that is, to raise the professionalism and standards of the real estate sector in Singapore.
- CNA/sc/ir
By May Wong/Yasmine Yahya, Channel NewsAsia
Posted: 25 November 2009 1341 hrs
The exam should not only test them on practical knowledge of the real estate industry and how to carry out their work, but it should cover ethics as well.
This was part of the feedback received during a public consultation exercise for a new regulatory framework for the real estate industry. The exercise gathered over 200 comments.
The public consultation is now closed, and the Ministry of National Development (MND) said that most of the feedback received was in line with the suggestions made by industry experts during an earlier consultation exercise.
The MND spent about two months consulting industry practitioners and the public on what the new regulatory framework for the real estate industry should comprise. The key elements of the framework are expected to be announced early next year.
Most complaints about property agents stem from unethical practices or misconduct. Hence, it is no wonder why consumers who gave their views on the real estate regulatory framework supported proposed measures to weed out errant agents.
Members of the public welcomed the move to license individual agents. They also supported the proposal to disallow an agent from representing both the buyer and the seller of a property.
Some respondents also suggested that the government regulate the commission earned by agents by setting a standard commission guideline. This will serve to curb undercutting among agents and protect less-educated consumers from being over-charged by agents and minimise disputes between consumers and agents.
Other suggestions on regulating the industry include educating consumers on their rights and responsibilities, and disallowing property agencies and agents from buying properties directly from sellers or developers and reselling them during good times.
Industry players hope the government will implement the minimum entry qualification for agents soon.
Dr Tan Tee Khoon CEO of Singapore Accredited Estate Agencies, said: "This is to stipulate competence so that when a client is dealing with a particular agent, he or she would know that this agent has the requisite body of knowledge to deal with real estate transactions. And the demerit points system will help to provide a deterrence to negative professional conduct."
But industry players said the suggestion to limit the size of agencies to better control agents was impractical.
PropNex CEO, Mohamed Ismail, said: "We've seen such things being implemented in Malaysia. And they (agencies) beat the system by having more licences and one of the main problem they realise here is that when you limit, you not only curtail entrepreneurship but also they don't enjoy the economies of scale.
"And today, all the big agencies in Singapore, because they do have these numbers, they're able to provide greater support like in-house legal, conventions, training, mediations, disciplinary board within the company. Such things are only possible when you have the numbers."
Even though the government has only received over 200 suggestions from the public, industry players said it is not the quantity but the quality of the feedback that counts.
In fact, they said the public's proposals come as no surprise, because ultimately the practitioners and the consumers are making the same call, that is, to raise the professionalism and standards of the real estate sector in Singapore.
- CNA/sc/ir
By May Wong/Yasmine Yahya, Channel NewsAsia
Posted: 25 November 2009 1341 hrs
Property speculative activity declined in Q3: DTZ
SINGAPORE: Property consultant DTZ said on Tuesday there was less speculative activity in the third quarter this year.
In a report, it said the proportion of sub-sales declined from 16 per cent in the second quarter to just 13 per cent in the third quarter.
Sub-sales, which refer to re-sales that occurred before the completion of a project, are usually used as an indicator of speculative activities.
Another finding by DTZ is that the price hikes in the private property market since the second quarter has resulted in the diminishing purchasing power of public housing upgraders.
The proportion of private home purchasers with HDB addresses declined to 37 per cent in the third quarter – down from the recent peak of 56 per cent in the first quarter this year.
But the figure is still higher than the 22 per cent seen in the last property boom in 2007.
According to DTZ, most purchasers with HDB addresses bought mass market projects like The Gale and Trevista.
Going forward, DTZ expects low sales activity for the rest of the year and even early next year due to the hike in prices and the government's cooling measures.
- 938LIVE/so
By Mok Fei Fei, 938LIVE
Posted: 24 November 2009 1353 hrs
In a report, it said the proportion of sub-sales declined from 16 per cent in the second quarter to just 13 per cent in the third quarter.
Sub-sales, which refer to re-sales that occurred before the completion of a project, are usually used as an indicator of speculative activities.
Another finding by DTZ is that the price hikes in the private property market since the second quarter has resulted in the diminishing purchasing power of public housing upgraders.
The proportion of private home purchasers with HDB addresses declined to 37 per cent in the third quarter – down from the recent peak of 56 per cent in the first quarter this year.
But the figure is still higher than the 22 per cent seen in the last property boom in 2007.
According to DTZ, most purchasers with HDB addresses bought mass market projects like The Gale and Trevista.
Going forward, DTZ expects low sales activity for the rest of the year and even early next year due to the hike in prices and the government's cooling measures.
- 938LIVE/so
By Mok Fei Fei, 938LIVE
Posted: 24 November 2009 1353 hrs
Tuesday, November 17, 2009
More flats in Punggol with two new BTO projects
Singapore: HDB has launched two new Build-To-Order (BTO) projects in Punggol Town, with another four BTO projects planned by late 2009 in Bukit Panjang, Sembawang and Dawson.
The latest pair of BTO projects named Punggol Sails and Punggol Ripples offer a total of 1,078 standard flats.
The units will be located along Punggol Field and will be served by the Punggol MRT, LRT stations, bus interchange, and the future Punggol Town Centre with shops, a childcare centre, as well as primary and secondary schools in the area.
They comprise of 130 units of Studio Apartments, 436 units of 3-room, 403 units of 4-room and 109 units of 5-room flats.
The Punggol BTO units will be priced between S$65,000 and S$92,000 for a Studio Apartment, and S$332,000 to S$377,000 for a 5-room flat.
The Housing and Development Board said in its news release that most of the latest BTO flats, except for the studio units, will be set aside for first-time applicants as they generally have more urgent housing needs.
It added that in addition to a market subsidy on the selling price, eligible
first-timers with an average monthly household income of S$5,000 or less may also apply for the Additional CPF Housing Grant (AHG) of up to S$40,000 which can be used to offset the initial down-payment.
This leaves first-time flat buyers using between 23 and 27 per cent of their monthly household income to service their monthly mortgage commitment, which the HDB said is well below the 30 per cent international benchmark for affordable housing.
- CNA/sf
Posted: 16 November 2009 1333 hrs
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The latest pair of BTO projects named Punggol Sails and Punggol Ripples offer a total of 1,078 standard flats.
The units will be located along Punggol Field and will be served by the Punggol MRT, LRT stations, bus interchange, and the future Punggol Town Centre with shops, a childcare centre, as well as primary and secondary schools in the area.
They comprise of 130 units of Studio Apartments, 436 units of 3-room, 403 units of 4-room and 109 units of 5-room flats.
The Punggol BTO units will be priced between S$65,000 and S$92,000 for a Studio Apartment, and S$332,000 to S$377,000 for a 5-room flat.
The Housing and Development Board said in its news release that most of the latest BTO flats, except for the studio units, will be set aside for first-time applicants as they generally have more urgent housing needs.
It added that in addition to a market subsidy on the selling price, eligible
first-timers with an average monthly household income of S$5,000 or less may also apply for the Additional CPF Housing Grant (AHG) of up to S$40,000 which can be used to offset the initial down-payment.
This leaves first-time flat buyers using between 23 and 27 per cent of their monthly household income to service their monthly mortgage commitment, which the HDB said is well below the 30 per cent international benchmark for affordable housing.
- CNA/sf
Posted: 16 November 2009 1333 hrs
.jpg)
.jpg)
14 HDB blocks in Jurong East to undergo lift upgrading
SINGAPORE : Fourteen HDB blocks in Jurong East will undergo lift upgrading.
This was announced by Senior Minister of State for National Development Grace Fu at a community event in Yuhua on Sunday.
Ms Fu said blocks 103 to 116 will get their lifts upgraded.
She said: "For Jurong East-Yuhua, this will be our second last precinct; we have one more precinct to go, we hope we are able to get it next year."
Ms Fu had earlier joined some 1,000 residents, grassroots leaders and volunteers in the precinct in a mass cleanup of the neighbourhood as part of this year's Clean and Green Week.
Ms Fu, who is also MP for Jurong GRC, said residents can do more to keep the estates clean.
The town council was asked to stop cleaning for one day to see the effect.
Ms Fu said: "It showed there was a lot of littering, especially high rise littering. So I think that is an area we can really focus on in terms of public education, as well as getting residents to play their part."
- CNA/ms
By Wang Eng Eng, Channel NewsAsia
Posted: 15 November 2009 1824 hrs
.bmp)
This was announced by Senior Minister of State for National Development Grace Fu at a community event in Yuhua on Sunday.
Ms Fu said blocks 103 to 116 will get their lifts upgraded.
She said: "For Jurong East-Yuhua, this will be our second last precinct; we have one more precinct to go, we hope we are able to get it next year."
Ms Fu had earlier joined some 1,000 residents, grassroots leaders and volunteers in the precinct in a mass cleanup of the neighbourhood as part of this year's Clean and Green Week.
Ms Fu, who is also MP for Jurong GRC, said residents can do more to keep the estates clean.
The town council was asked to stop cleaning for one day to see the effect.
Ms Fu said: "It showed there was a lot of littering, especially high rise littering. So I think that is an area we can really focus on in terms of public education, as well as getting residents to play their part."
- CNA/ms
By Wang Eng Eng, Channel NewsAsia
Posted: 15 November 2009 1824 hrs
.bmp)
1st public housing project along Punggol Waterway to have eco-friendly features
SINGAPORE: Singapore's first public housing project along the Punggol Waterway will have eco-friendly features and resort-like designs.
The 1,200-unit waterfront project will be launched in the middle of next year.
The firm behind the winning design is a partnership between international architectural firm Group8asia and local design company Aedas.
They stole the crown with a distinctive sky terrace concept which creates public spaces along the waterway.
More than 100 design firms from Europe and Asia took part in the Punggol Waterfront Housing Design Competition.
They had to submit plans that matched the housing board's theme of "Green Living by the Waters".
HDB said the waterfront flats will be kept affordable.
National Development Minister Mah Bow Tan said: "New HDB estates look like private condominiums, but don't cost as much as private condominiums.
"New innovative construction methods like pre-fabrication reduces cost and construction time. And that's one of the reasons why we are able to keep the cost of construction down."
- CNA/vm
By Maggie Chong/Dylan Loh, Channel NewsAsia
Posted: 11 November 2009 1257 hrs
The 1,200-unit waterfront project will be launched in the middle of next year.
The firm behind the winning design is a partnership between international architectural firm Group8asia and local design company Aedas.
They stole the crown with a distinctive sky terrace concept which creates public spaces along the waterway.
More than 100 design firms from Europe and Asia took part in the Punggol Waterfront Housing Design Competition.
They had to submit plans that matched the housing board's theme of "Green Living by the Waters".
HDB said the waterfront flats will be kept affordable.
National Development Minister Mah Bow Tan said: "New HDB estates look like private condominiums, but don't cost as much as private condominiums.
"New innovative construction methods like pre-fabrication reduces cost and construction time. And that's one of the reasons why we are able to keep the cost of construction down."
- CNA/vm
By Maggie Chong/Dylan Loh, Channel NewsAsia
Posted: 11 November 2009 1257 hrs
3A Jurong West for Sale Blk 916
3A Jurong West Street 91 for Sale
Blk 916 73sqm 3bedrooms
Well Kept Quiet
Near Food Centres, Schools, Market
Valuation $on the way, Asking $view to offer
Blk 916 73sqm 3bedrooms
Well Kept Quiet
Near Food Centres, Schools, Market
Valuation $on the way, Asking $view to offer
4A Jurong West for Sale Blk 909
4A Jurong West Street 91 for Sale
Blk 909 104sqm 3bedrooms
High Floor, Renovated
Near Food Centres, Schools, Market
Valuation $on the way, Asking $view to offer
Blk 909 104sqm 3bedrooms
High Floor, Renovated
Near Food Centres, Schools, Market
Valuation $on the way, Asking $view to offer
5I Jurong West for Sale Blk 648A
5I Jurong West Street 61 for Sale
Blk 648A 110 sqm 3bedrooms
High Floor, Renovated
Near Malls, MRT, Food Centres, Schools,
Valuation $on the way, Asking $view to offer
Blk 648A 110 sqm 3bedrooms
High Floor, Renovated
Near Malls, MRT, Food Centres, Schools,
Valuation $on the way, Asking $view to offer
5I Jurong West for Sale Blk 533
5I Jurong West Street 52 for Sale
Blk 533 118 sqm 3bedrooms
High Floor, Unblocked, Renovated
Near Malls, MRT, Food Centres, Schools,
Valuation $on the way, Asking $view to offer
Blk 533 118 sqm 3bedrooms
High Floor, Unblocked, Renovated
Near Malls, MRT, Food Centres, Schools,
Valuation $on the way, Asking $view to offer
4A Jurong West for Sale Blk 367
4A Corporation Drive for Sale
Blk 367 102sqm Quiet,
Well Kept Renovated
Near Malls, MRT, Food Centres, Schools,
Valuation $on the way, Asking $view to offer
Blk 367 102sqm Quiet,
Well Kept Renovated
Near Malls, MRT, Food Centres, Schools,
Valuation $on the way, Asking $view to offer
5I Jurong West for Sale Blk267
5I Boon Lay Drive for Sale
Blk 267 121sqm PR Eligible
Quiet, Well Kept
Near Jurong Point, Malls, MRT, Food Centres, Schools,
Valuation $on the way, Asking $view to offer
Blk 267 121sqm PR Eligible
Quiet, Well Kept
Near Jurong Point, Malls, MRT, Food Centres, Schools,
Valuation $on the way, Asking $view to offer
Executive Apartment Jurong West for Sale Blk 115
EA Ho Ching Road
Blk 115 140sqm
Quiet, Well Kept
Near Food Centres, Schools, Seng Siong
Valuation $on the way, Asking $view to offer
Blk 115 140sqm
Quiet, Well Kept
Near Food Centres, Schools, Seng Siong
Valuation $on the way, Asking $view to offer
3I Jurong West for Sale Blk 113
3I Tao Ching Road
Blk 113 67sqm
Quiet, Well Kept
Near Food Centres, Schools, Seng Siong
Valuation $on the way, Asking $view to offer
Blk 113 67sqm
Quiet, Well Kept
Near Food Centres, Schools, Seng Siong
Valuation $on the way, Asking $view to offer
3S Bukit Batok for Sale Blk 508
3S Bukit Batok Street 52 for Sale
Blk 508 64sqm PR Eligible
Quiet, Windy, Decorated
Near MRT, Shops
Value $on the way, Asking $view to offer.
Blk 508 64sqm PR Eligible
Quiet, Windy, Decorated
Near MRT, Shops
Value $on the way, Asking $view to offer.
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