
Daily Briefing: Private home vacancy may soon reach 10%: EcoHouse investors meet with lawyers
And find out why you hear marbles bouncing at your HDB.
Data from the Urban Redevelopment Authority (URA) showed vacancy rate of private homes stood at seven percent in Q3 2014. It could reach up to 10 percent due to the upcoming supply of 68,000 new units over the next few years, according to Chia Boon Kuah, President of the Real Estate Developers Association of Singapore (REDAS) in media reports. View more here.
More than 50 Singapore-based investors in U.K. developer EcoHouse met with lawyers last week to discuss the best course of action in an attempt to recover some or all of their investment. View more here.
The last time you checked, the neighbour upstairs doesn’t play with marbles. Or worse still, the unit upstairs is empty. View more here.