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Fingers are kept crossed that new housing policies will bring COV for HDB resale down
With continued high demand for resale flats, owners are taking advantage of the situation by demanding for higher cash-over-valuation (COV) but with the raising of the HDB and EC income ceiling hopefully they taper off high prices, says an ECG Property expert.
Fingers are kept crossed that new housing policies will bring COV for HDB resale down
With continued high demand for resale flats, owners are taking advantage of the situation by demanding for higher cash-over-valuation (COV) but with the raising of the HDB and EC income ceiling hopefully they taper off high prices, says an ECG Property expert.
Encouraging sales for MCL Land’s Terrasse continue despite the hungry ghost festival
13 more units were snapped up from Aug 1 to 14, making the 99-year leasehold development in Hougang Avenue 2 now almost 70% sold.
Say goodbye to Tiger Aussie in 18 months or less
There’s no future for the grounded airline in Australia even if it resumes operation today (Aug 12), says Royal Bank of Scotland Asia Securities (RBS).
Park Residences at Kovan more than 60% sold in less than a month
Only 14 out of 41 units are left since it was launched mid July even if a smallest one-bedder of just 323 sft in size now sells at $1,600 psf or up from preview price of $1,450.
Are existing office spaces soon to be ghost towns?
A two-tier market within Grade A office space is on a tear, due to a spate of relocations from existing office buildings to newer ones in the CBD.
The decade that changed the aviation industry
The last ten years saw airlines in crisis mode but the industry has demonstrated that it can transform itself in the face of challenges, says IATA.
Office rental rates to continue rising but less likely to hit pre-crisis levels
Strong positive rental reversion to only come in 2013, says DMG Research.
MCL Land sold half of Uber 388 in less than a week
But good news for potential buyers as the 95-unit development at Upper East Coast Road remains discounted at preview price of around $1,380 psf on the average.
Low-cost carriers to account for 50% of the total airline capacity by 2021
And the years going forward will see Singapore Airlines (SIA) attempting to take a larger slice of the no-frills market while merging and acquisitions among other locally-based airlines will become a winning response, says DMG Research.
Increased corporate travel demand drives hotel room rate hikes
Moderate rebound in corporate travel continues throughout 2011 benefitting hoteliers, says Royal Plaza on Scotts which already saw 11% increase in the average room rates (ARR) in the first six months while enjoying healthy occupancy rate at 85%.
Two new private condos worth as low as $600K+ each preview this week
Show flats for SJ Capital’s Jool Suites at Farrer Park and MCL Land’s Uber 388 at Upper East Coast Road will be ready on Thursday (July 28) and Friday (July 29), respectively, prior to their official launches next month, sources from Huttons Real Estate Group said.
Five Chancery nears completion but only 6 out of the 12 detached units were sold so far in a year
The slow take up could be due to the following: "[The negative points are] it is strata title, in an already heavily traffic congested area and too near the road," said a market watcher via e-mail while noting a high risk of road widening in the future.
Tiger Airway’s Aussie grounding could only cost $23m
DMG negates UOB’s earlier loss projection of $35m-$60m for Tiger Airways as a result of the fiasco saying that with the top management now occupied by Singapore Airlines’ former boss, it would only be just a matter of time before we see confidence coming back for the budget carrier.
Macquarie launches Warrant Hotshot Contest with free ice cream
It’s giving away free ice cream at Raffles Place to get people to sign up for a warrant trading competition.
Centra Loft at Geylang holds preview today
Will it sell out like its sister development Centra Heights?
Transcu shocker: $5m loan from Chairman yet to be received by company as shares suspended on warnings of cash flow crisis
On June 1, Transcu received a firm commitment from CEO Akihiko Matsumura for the $5m shareholders loan, but according to sources, the loan “is still not physically within the company yet”.
Singapore Airlines customers clamor for the old website as the chief apologises for the “troubled’ new one
Singapore Airlines Chief Executive Officer Goh Choon Phong has issued today, July 14, a public letter apologising for the inconvenience that their new website has caused but customers said that they want the old one back while the firm make necessary changes.
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