29 Jun '17, 2am

Owners of ageing properties not in rush to sell

While the options of homeowners of ageing developments, are limited due to the properties’ short lease, they are still not in a rush to sell, reported Today Online. The homeowners’ options were brought under the limelight following the Singapore Land Authority’s confirmation that no compensation will be given to the Geylang Lorong 3 homeowners upon the expiry of lease in 2020. Based on data from the Urban Redevelopment Authority, 48 developments here are over 30 years old. In 10 years’ time, 13 of such developments will have less than 50 years left in their lease. Despite this, Goh Boon Teck, who has been living with his wife and son at People’s Park Complex, which will be at the mid-point of its 99-year lease in three years, is keen at gaining a good profit from the S$400,000 he paid for the unit. “There is a lot of interest from foreigners in this area, who don’t exactly...

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

Tweets

Will it Sell?

Will it Sell?

hackaday.com 29 Jun '17, 8am

Another is to take your Cost of Goods Sold (COGS), multiply it by 2-4x, and use that number. Your COGS is how much the thi...

Interesting....

theshoesnobblog.com 29 Jun '17, 2pm

In England, it is a common thing to have a section of commercial advertisements in the back of the style magazines so that...

Don't leave anything on the shelf. Price your o...

godaddy.com 27 Jun '17, 7pm

Almost nothing is more difficult, even for experienced business owners, than how to price products for optimum sales. Too ...

An experienced #realtor can help you sell your #luxury home:

An experienced #realtor can help you sell your ...

beverly-hanks.com 02 Jul '17, 2pm

Labeling a home as a luxury property depends more on how the home is appointed, the community in which the property is loc...

Bitcoin Development Similar to 1800s Gold Rush:...

cointelegraph.com 27 Jun '17, 3pm

Present day Bitcoin and altcoin development appear to be recounting a theory that played out in the early mining industry....

4 traits of millennial homebuyers and how they ...

thefinance.sg 28 Jun '17, 1am

Still remember my previous blog post “3 disruptive trends that will forever change the property industry ”? There is a fou...

just sell for $1,000,000 dollars?

just sell for $1,000,000 dollars?

domaingang.com 28 Jun '17, 3pm

988.com – sold for $1 million? A distraught domain buyer claiming that they lost $1,000,000 dollars to a seller that rever...

Frenzy in en bloc market unlikely to ensue, exp...

propertyguru.com.sg 29 Jun '17, 2am

Despite the pick up in activity within the residential en bloc market, with four collective transactions done so far from ...

NEWS FEED

propertyguru.com.sg 04 Jul '17, 6am

Private property owners are generally not eligible to acquire new Housing and Development Board (HDB) flats. This comes as...

Geylang plot action a wake-up call for property...

m.todayonline.com 22 Jun '17, 3am

SINGAPORE — With the authorities recently affirming the policy stance that no compensation will be awarded to residential ...