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
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