21 Nov '12, 5am

Projects racing to beat sales deadline: By Romesh Navaratnarajah:There are a... property market

There are at least eight private residential projects that are now racing the clock to sell remaining units within the two-year completion period, as mandated by the government. For instance, high-end projects such as the Hilltops in Cairnhill Circle and the The Marq on Paterson Hill have been completed for at least a year, but they still have hundreds of units yet to be sold, reported The Straits Times. If these units are still unsold within the next 12 months or less, their developers will have to pay extension charges to buy themselves more time if the two-year deadline lapses. Consequently, they will have to fork out eight percent, 16 percent and 24 percent of the property’s purchase price for the first, second and third extra-year, respectively. The amount is pro-rated based on the percentage of unsold units.

Full article: http://www.propertyguru.com.sg/property-management-news/2...

Tweets

Projects racing to beat sales deadline

lushhomemedia.com 21 Nov '12, 7am

There are at least eight private residential projects that are now racing the clock to sell remaining units within the two...

A view to die for - Property Auctions News, Pro...

propertyguru.com.sg 20 Nov '12, 4pm

In Southeast Asia, a view overlooking a 200-year old cemetery isn’t considered to be a strong selling point, but that’s no...

Take a look at the UK's best home #PR

propertyguru.com.sg 21 Nov '12, 2am

Nov 21, 2012 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share by Andrew Batt A striking residential propert...

New: How and Why Property Market Busts Happen

propwise.sg 21 Nov '12, 3pm

By guest contributor Gerald Tay There are many investors who invest in properties solely for capital gains. They are not c...

Hot demand for high-end homes: Sales of luxury ...

propertyguru.com.sg 20 Nov '12, 4am

Sales of luxury landed properties grew strongly in Q3 this year, especially in the price band of S$5 million to S$10 milli...

New: Singapore Property News This Week #77

propwise.sg 22 Nov '12, 3pm

Singapore Property News This Week #77 November 22, 2012 Residential Transaction volumes down for apartments worth $10m and...

HDB towns now more user-friendly #PR

propertyguru.com.sg 21 Nov '12, 5am

The Barrier Free Accessibility (BFA) programme has now been fully implemented in all Housing and Development Board (HDB) e...

#Singapore home sales predicted to drop in 2013:

propertyguru.com.sg 23 Nov '12, 4am

The number of private home sales in Singapore could drop by more than 20 percent in 2013 after “spectacular” increases thi...

#Spain to offer residency with property purchases:

propertyguru.com.sg 20 Nov '12, 3am

Foreigners who invest in Spanish property worth more than US$200,000 (S$244,646) will be offered residency status as the b...

Growing demand for luxury property in Thailand ...

propertyguru.com.sg 19 Nov '12, 6am

More buyers from Asia are snapping up luxury residences in Thailand, pointing to a vibrant property market in one of the r...

Jurong Kechil site awarded to World Class: By R...

propertyguru.com.sg 23 Nov '12, 3am

World Class Developments has secured the tender for a residential site (pictured ) at Jalan Jurong Kechil from the Urban R...

#Singapore Hot on #CommercialInvestment Scene: ...

commercialguru.com.sg 21 Nov '12, 1pm

While the Eurozone debt crisis remains a concern, buying momentum across major property investment markets in the Asia Pac...

Singapore sales success for Thailand Property S...

propertyguru.com.sg 17 Nov '12, 9am

Nov 14, 2012 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share By Andrew Batt : Property worth more than THB...

Top 5 Property Projects by Monthly Price Increase in October

Top 5 Property Projects by Monthly Price Increa...

propwise.sg 28 Nov '12, 2pm

What residential projects had the highest appreciation this month? Knowing which properties are increasing in price will h...

UK home loans pick up #PR

propertyguru.com.sg 23 Nov '12, 10am

Overall mortgage lending in the UK grew by four percent to £12.9 billion (S$25.22 billion) in October compared to the same...