21 Apr '16, 7am

Developer hit with S$2.7mil in extension charges | Property Market

CapitaLand has had to pay $2.7 million to extend its deadline to sell the remaining units at The Interlace. CapitaLand forked out S$2.7 million in extension charges for the 127 unsold units in The Interlace. This works out to S$21,000 per unit or S$7 psf, reported TODAYonline . Originally, the remaining flats at the 1,040-unit condominium on Depot Road should have been disposed by 13 March, but since paying the charges, CapitaLand’s deadline to sell the leftover properties there has been extended by another six months. Last month, Real Estate Developers’ Association of Singapore (REDAS) President Augustine Tan estimated that developers in Singapore could bear nearly S$100 million in extension charges for failing to sell their remaining inventory in 2016. In its latest earnings report, CapitaLand revealed that it has found buyers for 89 percent of the units it has launched ...

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

Tweets

If you're looking for a home purchase in a new ...

propertyguru.com.sg 22 Apr '16, 4am

CapitaLand has had to pay $2.7 million to extend its deadline to sell the remaining units at The Interlace. CapitaLand for...

#smarthome #iot

#smarthome #iot

propertyguru.com.sg 22 Apr '16, 1am

(From left): CDL’s CEO Grant Kelley, Senior Minister of State for National Development, Desmond Lee, and NUS academic staf...

Ever wonder what is Property Value? Would it be...

srx.com.sg 21 Apr '16, 12pm

What Others Say About my Property Tracker Brian Toh, 37 Property Owner "As a property owner, it is useful to know the indi...

Google Hit With Abuse Charges Over Android Oper...

searchenginejournal.com 20 Apr '16, 1pm

Google is in the crosshairs of the European Union’s Competition Commission again; with the commission deciding today that ...

Amidst a down market narrative, this developer ...

propertyguru.com.sg 28 Apr '16, 9am

Artist’s impression of Waterfront @ Faber, which overlooks Sungei Ulu Pandan. Jewellery and property group Aspial Corporat...

#singapore #property Top of the Props: A practical success: From Hong Kong to Singapore...

#singapore #property Top of the Props: A practi...

propertyguru.com.sg 22 Apr '16, 5am

Patrick Lam in the Signature at Yishun showflat. The EC is JBE Holdings’ latest project. (Photo: Cheryl Marie Tay) From Ho...

China's little emperors prop up aussie housing ...

lawyerservices.top 21 Apr '16, 8pm

Han Fantong, an accountant, beat almost 60 other bidders to buy a three-bedroom home in Melbourne in November for A$930,00...

Architects suffering from property woes

srx.com.sg 21 Apr '16, 1am

THE real estate downturn has filtered down to architecture and engineering services firms, which were hit by surging redun...

#singapore #property Executive condominiums: Light at the end of the tunnel?: Executive...

#singapore #property Executive condominiums: Li...

propertyguru.com.sg 22 Apr '16, 5am

Wandervale was the first EC to launch in 2016. (Photo: Yasmin Beevi) Executive condominiums are a unique hybrid property c...

#singapore #property Eye on Farrer Road: Understated potential: Farrer Road may not be

#singapore #property Eye on Farrer Road: Unders...

propertyguru.com.sg 22 Apr '16, 5am

The Singapore Botanic Garden is one of the attractions near Farrer Road. (Photo: Yasmin Beevi) Farrer Road may not be as h...

Great story on Cbus Property environmental buil...

gbca.org.au 22 Apr '16, 3am

Since achieving its first rating in 2008, Cbus Property has been quietly setting new standards and building greener benchm...

Asia’s super-rich are shifting their attention to Chicago https://t.co/Sb9ArtCRDm

Asia’s super-rich are shifting their attention ...

propertyguru.com.sg 22 Apr '16, 2am

magazine and international consulting firm A.T. Kearney, ranked Chicago as the seventh most influential city in the world,...

What are the opportunities in the office market?, Singapore Property News, Singapore Property Guides & Articles

What are the opportunities in the office market...

stproperty.sg 26 Apr '16, 4pm

LAST year, the benign economy weighed on office leasing demand. Much of the leasing activity was by existing tenant moveme...

Singapore Charges Ex-Banker for Wealth Advisors...

wsj.com 22 Apr '16, 11am

SINGAPORE—Singapore said Friday it had filed criminal charges against a former employee of a Swiss private bank that is un...