Cool Singapore Property Hub

Singapore Missing Pet: Sammie

noreply@blogger.com (Blog Attack) — Fri, 16 Sep 2011 07:20:00 -0700

Have you seen a Missing local mix breed dog lost at Joo Chiat?

Name of dog: Sammie
Breed: Mixed breed
Gender: Female
age: 5 years old
Size: Medium, slender
Color: Golden brown
where was it lost: East Coast, last seen running towards Joo Chiat along Joo Chiat Place
when was it lost; 14 September 9:30 PM

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ION Orchard - Singapore iPhone App

noreply@blogger.com (Blog Attack) — Thu, 17 Feb 2011 03:08:00 -0800

Visiting Singapore and you're an ipodtouch/ iphone user?

Don't forget to install this cool app from ION Orchard Mall.

"ION Orchard"

While inside the mall,
you can browse shops, restaurants or services and events offered so you won't waste a lot of time walking and searching for your preferred shops.

You can add in your favorites.

Do a specific search.

Add reviews, like stuffs and the best part is you can brag about it in Facebook!

Hope this is helpful iphone-tip to you and may you have an awesome time here in Singapore!

Subscribe now for more cool iphone apps updates. :)

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New Launch: Kovan Grandeur FOR SALE!

noreply@blogger.com (Blog Attack) — Tue, 12 Oct 2010 20:08:00 -0700

Kovan Grandeur

New Launch Near Kovan MRT

Only From $3xx,000!

Proximity to Kovan MRT Station => Just 1 stop to Serangoon MRT Interchange (Circle Line)

Convenient amenities – Near Heartland Mall, Nex (upcoming mega mall at Serangoon Central), Hougang Mall

Well connected islandwide via CTE, KPE, PIE, TPE

Near renowned schools and institutions such as Holy Innocents' Primary School, Xinghua Primary School, Holy Innocents' Primary School, Xinghua Primary School etc

Near International schools such as Australian International School, Lycée Français de Singapour and upcoming Stamford American International School at Upper Serangoon

FOR SALE: 4A 3+1 Blk 264e Compassvale Bow (5yrs)

noreply@blogger.com (Blog Attack) — Sat, 9 Oct 2010 08:26:00 -0700

4A 3+1 Blk 264e Compassvale Bow ****VERY NICE****

Blk 264E Compassvale Bow (5 yrs)
Renovated like condo style
Beautiful 4A 3+1 door to door unit
Fully furn with 4 aircons
Very convenient & easily accessible to supermarket, 24 hour food court, eateries, schools, Punggol Park, Hougang Mall, etc
Mins walk to Buangkok MRT
Tip top condition!
Valuation: $425k
Asking: COV $45k neg
Oct 10 - Chinese quota full
See to Believe! Hurry before its gone!

Call Dinx 9643.5138 (ERA) for viewing ASAP!

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Location:Yishun Avenue 1,,Singapore

FOR RENT: Condo 3+1 Plam gardan (CCK) Singapore

noreply@blogger.com (Blog Attack) — Thu, 30 Sep 2010 00:45:00 -0700

Condo 3+1 Plam gardan (CCK)

Fully furnished with ac

Near Mrt

Immediate

Asking $3k

@avail : imed
all races

Please call/sms 9642.5138
for viewing

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Location:Yishun Avenue 1,Singapore,Singapore

FOR RENT : Costa Rhu Singapore

noreply@blogger.com (Blog Attack) — Tue, 28 Sep 2010 02:06:00 -0700

3 Bedrooms

1750sf

Cozy patio

Facing pool

Partial Furnished

Newly painted

New washer/dryer

All races welcome.

View Wednesday 4pm

$5,200

Call Dinx 9643.5138 for viewing.

Thank you..

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Location:Tuas South Avenue 3,Singapore,Singapore

FOR RENT: Condo 3+1 Grandeur 8 (AMK)

noreply@blogger.com (Blog Attack) — Tue, 21 Sep 2010 15:49:00 -0700

Condo 3+1 Grandeur 8 (amk)

- Fully furnished with ac

- 1229 sq ft

$4.2 nego

@avail : 1/10
all races welcome!

Please call/sms 96435138 Dinx (ERA) for viewing.

Thank you.

Have a great day ahead! :)

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Location:Canberra Link,,Singapore

FOR RENT: 2 Bedrooms Vision Crest, Singapore

noreply@blogger.com (Blog Attack) — Sun, 12 Sep 2010 21:41:00 -0700

Vision Crest

-Walk to Plaza Singapura and MRT,

- 904 sqft

- 2 bedrooms

- Partial furnished

- 2 year old

- High floor

- Immediate

Asking $5.7K

Viewing anytime.

FOR SALE: 2 bedrooms Caribbean Condo, Singapore

noreply@blogger.com (Blog Attack) — Sun, 12 Sep 2010 21:30:00 -0700

2 bedrooms Caribbean Condo

- Walk to Harbour Front and Vivo City / MRT

- 893sqft

- Fully furnished

- 2nd Floor

Asking $1.43M

Viewing Anytime

Call Dinx for details 9643.5138 (ERA)

FOR RENT: 2+1 Caribbean Condo, Singapore

noreply@blogger.com (Blog Attack) — Sun, 12 Sep 2010 21:24:00 -0700

2+1 Caribbean Condo

- Walk to Harbour Front and Vivo City / MRT

- 893sqft, 2 bedrooms

- Fully furnished

- 2nd Floor

- Immediate

Asking $5K nett

Viewing Anytime!

Call Dinx 9643.5138 for appointment.

Thank you.:)

FOR RENT; 3+1 Caribbean Condo Singapore

noreply@blogger.com (Blog Attack) — Sun, 12 Sep 2010 21:22:00 -0700

3+1 Caribbean Condo

- Walk to HarbourFront and Vivo City / MRT

- 1249 sqft

- Partial Furnished

- New Renovated

- 5th floor

- Immediate

Asking $6.7K

Viewing anytime. Call Dinx 9643.5138

FOR RENT: Hdb approved unit 3+1 The Pinnacle @ Duxton 广东民路

noreply@blogger.com (Blog Attack) — Mon, 6 Sep 2010 23:10:00 -0700

View 7pm today.

Hdb approved unit 3+1 The Pinnacle @ Duxton 广东民路

-10 minutes walk to Outram Park or Tanjong Pagar MRT

- furnished with 3 ac

- avail end Sept

Asking Rental $3.5k

Sorry Owner prefers no Indian

Call now for viewing ASAP!!

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Penalty threat to help HDB effect new rules

noreply@blogger.com (Blog Attack) — Mon, 6 Sep 2010 15:59:00 -0700

Penalty threat to help HDB effect new rules

The Housing & Development Board (HDB) will be relying on buyers of non-subsidised flats to declare if they own private properties here or overseas.

Those found making false declarations will face penalties, which include a fine of up to $5,000, or imprisonment for up to six months, or both.

HDB shared these details yesterday, in response to questions on how it will enforce new rules introduced this week to cool the residential property market. Key among these are rules preventing people from owning both public and private properties.

From 30 August, a person who buys a non-subsidised flat can buy a private property here or overseas only after fulfilling a minimum occupation period (MOP) of five years.

Also, a private property owner who buys a non-subsidised HDB flat will have to sell his private property within six months of the flat purchase - regardless of whether the property is here or abroad.

HDB said yesterday that buyers of non-subsidised flats will have to declare their interest in any other property in Singapore or overseas in the application form.

If the private property is abroad, buyers have to produce documentary evidence showing that they sold the property within the stipulated period.

Those found guilty of making false declarations will be fined up to $5,000, or imprisoned for up to six months, or both. If HDB discovers the lie before the flat purchase is completed, it can cancel the application.

The seller can seek legal redress from the buyer for breach of contract arising from the failed transaction.

HDB can compulsorily acquire the flat if it discovers the false declaration after the buyer has taken possession of the flat.

Rules aside, HDB added that it is 'prepared to exercise flexibility on a case-by-case basis depending on the merits of each case'.

According to HDB, the new rules introduce parity to the treatment of all HDB flat buyers, by subjecting buyers of non-subsidised flats to the same rules for buyers of subsidised flats. The latter are not allowed to concurrently own a flat and a private property either here or overseas within the MOP.

Most market watchers felt that owners of private property in Singapore would declare their interest when buying non-subsidised flats.

There are many systems for tracing the ownership of homes locally, said C&H Realty managing director Albert Lu.

The challenge lies in verifying foreign property ownership. It is either impossible or impractical to do so, said PropNex chief executive Mohamed Ismail.

Permanent residents who own properties overseas for their parents to live in or who inherit farming land are in a bind, he added.
ERA Asia Pacific associate director Eugene Lim believes that there will be people who choose to take the risk and make false declarations.

Source: iProperty

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Location:Choa Chu Kang Street 52,,Singapore

Let me serve you..:)

noreply@blogger.com (Blog Attack) — Wed, 1 Sep 2010 00:12:00 -0700

For Rent: (Lock 1rm)3rm 1+1 Yishun 106

noreply@blogger.com (Blog Attack) — Tue, 31 Aug 2010 20:44:00 -0700

Very nicely renovated!
(Lock 1rm) 3rm 1+1 Yishun 106
fully furnished with ac

$1.4k
avail: immed

Call Dinx (Your Kabayan ERA Agent)
9643.5138

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Location:Tuas Bay Walk,Singapore,Singapore

What now for the property market?

noreply@blogger.com (Blog Attack) — Tue, 31 Aug 2010 18:25:00 -0700

If, like me, you were home on Sunday night watching the National Day rally, you would have picked up on our Prime Minister’s remarks on how he intentionally avoided elaborating on the changes to the Singapore property market as that would be the media’s focus the following day.

Hence, the irony was not lost on me when headlines the next day were precisely that. Evidently, the subject of property is something very close to all Singaporeans.

So what are some of the changes? To summarise, the latest round of anti-speculation measures for private properties are as follows:

Increase the holding period for imposition of Seller’s Stamp Duty (SSD) from the current one year to three years.
Increase the minimum cash payment from 5 percent to 10 percent of the valuation limit and decrease the Loan-to-Value (LTV) limit for housing loans granted by financial institutions regulated by the MAS to these buyers from the current 80 percent to 70 percent for property buyers who already have one or more oustanding house loans at the time of the new housing purchase.

The changes for HDB flats are as follows:

Increase the Minimum Occupation Period (MOP) for non-subsidised flats to 5 years.
Disallow concurrent ownership of both HDB flats and private residential properties within the MOP.

I have only extracted the relevant portions, however if you are interested to read up on the complete list of changes, they can be found at www.mnd.gov.sg and www.hdb.gov.sg.

The Market IS Cyclical

The property market is cyclical by nature. While it is hard to predict the duration of each upswing or downturn, at some point the market will certainly change direction. To illustrate, Figure 1 shows the URA Private Property Price Index (PPPI) from the first quarter of 1975 to the second quarter of 2010 and the areas in red show phases of market contraction. Thus it is quite clear that growth will not carry on indefinitely and the question is not if prices will start to drop but when.

Figure 1: URA Private Property Price Index (PPPI) from Q1 1975 to Q2 2010

With the latest round of anti-speculation measures, we think the real estate market will start to drop. So what does this mean to property buyers?

If I was thinking of buying an investment property, I would sit out until the dust settles. However, if I have ample cash to spare and am looking for a property for my own stay, the next few months may present an opportunity to look for good deals as owners attempt to comply with new monetary and ownership guidelines.

What about property sellers? If I was set on selling my property, I will not hold out for a higher offer and proceed with the sale when I get my asking price. Although all of us hope to milk our property for all its worth, it may not be realistic to expect significantly higher offer prices in the near term, given the tightened lending conditions and increased property supply.

When will we see the effects?

Presently, there is still some sense of cautious optimism. After all, the property market continued to grow rapidly despite the last two doses of anti-speculation measures. So will the market remain unscathed? I think not.

A good analogy to describe the property market would be an ocean-liner. Unlike a car that can start and stop almost instantaneously, an ocean liner responds much slower due to its massive size and momentum. To stop an ocean-liner, the propellers would have to go in the reverse direction to gradually bring the vessel to a stop.

Similarly, the propellers of the property market are already in the reverse gear. Although the market’s momentum could still carry property prices upwards for a while longer, the effects of the cooling measures will eventually kick in.

On the other hand, even if this round of measures are not able to break the proverbial camel’s back, you can bet that the Singapore government has other straws to do the trick. Ultimately, we should not doubt the government’s will to bring property price appreciation in line with “economic fundamentals”. However, what the magic figure is (for economic fundamentals) is anybody’s guess.

By Getty Goh (courtesy of PropertyGuru)

HDB's For Rent!

noreply@blogger.com (Blog Attack) — Tue, 31 Aug 2010 01:24:00 -0700

(Walkup apt)3rm 2+1 Yishun 106 fully furnished
2ac

$1.6k (only chinese)
avail: immed

*****
3rm 2+1 AMK 155
Fully furnished with ac,
nice $1.8k
avail: immed

****
3rm 2+1 Hougang 674
Fully furnished
ac

$1.4kneg
(worker condition)
avail: 14/9

welcome cobroke. Call/sms admond to cfm.

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Location:Tuas Bay Walk,Singapore,Singapore

For Rent: Condo 4+1 St.Michael Regency

noreply@blogger.com (Blog Attack) — Mon, 30 Aug 2010 22:14:00 -0700

Condo 4+1 St.Michael Regency

Fully Furnished with ac
$3.8

immediate
all races welcome

Hurry before it's taken!

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Location:Tuas Bay Walk,Singapore,Singapore

Top cop to police real estate agencies

noreply@blogger.com (Blog Attack) — Mon, 30 Aug 2010 21:49:00 -0700

The Straits Times, Aug 31, 2010

Top cop to police real estate agencies

CPIB director to be seconded to help head new regulatory body

By Lester Kok

A TOP cop will help helm the new Council for Estate Agencies (CEA) - a regulatory body which is tasked to regulate the property agents.

Mr Soh Kee Hean, director of the Corrupt Practices Investigation Bureau (CPIB) since 2005, will be seconded to the Ministry of National Development (MND) to take up the position of deputy executive director (designate) of the CEA.

The new statutory board will be formed later this year and will take over the Inland Revenue Authority of Singapore's (Iras) role in licensing real estate agencies and their agents.

CEA will have the power to investigate consumer complaints against housing agents and agencies, and will have the authority to mete out penalties, such as suspensions and fines.

Rogue housing agents have plagued the property market of late, with the Consumers Association of Singapore (Case) receiving an average of over 1,000 complaints a year.

In the first four months of this year, Case received 358 complaints. Last year, 1,079 cases were brought to its attention, while the figure was 1,100 in 2008.

Complaints ranged from agents failing to give proper advice and using misleading sales tactics, to the non-honouring of agreements. There were other questionable practices, such as agents taking commissions from both buyers and sellers of flats.

There are about 25,000 real estate agents and 1,700 agencies in Singapore.

When contacted, local real estate companies welcomed the news.

ERA Asia-Pacific associate director Eugene Lim felt that Mr Soh's new appointment will benefit the industry, by weeding out the crooks.

He said that as 'Mr Soh comes from a background dealing with corrupt practices', he believed the intention was to tackle the problem of 'shady agents'.

Likewise, PropNex chief executive Mohamed Ismail felt that this move showed the determination of the MND in ensuring that the new council 'will work effectively in upgrading the professionalism of the real estate industry'.

Mr Soh, a former deputy director of the Criminal Investigation Department (CID) as well as a former commander of the Geylang Police Division, will be replaced by Mr Eric Tan Chong Sian.

Mr Tan, the commissioner of the Immigration and Checkpoints Authority (ICA), will relinquish his current position tomorrow and will take office as CPIB director on Oct 1.

When contacted, both Mr Soh and Mr Tan declined to comment as they have yet to take up their new roles.

Taking over Mr Tan will be Mr Clarence Yeo Gek Leong, the current deputy commissioner (operations) of ICA.

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For Rent : (5A) Blk 253 Bishan 碧山 3+1 (Singapore)

noreply@blogger.com (Blog Attack) — Sat, 14 Aug 2010 20:38:00 -0700

(5A) Blk 253 Bishan 碧山 3+1

- high floor corner unit
- furnished
- 2 ac
- available 1st September

Asking $2.200

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For Rent: Blk 510 Bukit Panjang Ring rd 武吉班让 3+1

noreply@blogger.com (Blog Attack) — Tue, 10 Aug 2010 21:51:00 -0700

View 730PM today
Blk 510 Bukit Panjang Ring rd 武吉班让 3+1

lift level
2 min walk Segar LRT to choa chu kang MRT
furnished, 2
ac
neat house
avail 15th Sept

$1.6k prefer less pax.

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For Rent : 3+1 60 Teban Garden

noreply@blogger.com (Blog Attack) — Tue, 10 Aug 2010 01:41:00 -0700

3+1 60 Teban Garden
Fully Furnished
Full ac
High flr
Corner
Nice Unit
Avail 1st October

$2.1k
Prefer family
2 yrs lease
All races
View wed 8pm

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Upsurge in real-estate related complaints

noreply@blogger.com (Blog Attack) — Mon, 9 Aug 2010 19:39:00 -0700

The upbeat real Property market in the country has led to an upsurge of real estate-related problems and complaints from home hunters.

According to the Consumers Association of Singapore (Case), the various complaints it had received began to pour in from the month of May.

The association has already received a total of 619 complaints during the first eight months of this year, in which 89 cases in July and 107 cases in August were lodged in.

Seah Seng Choon, executive director of Case, said that the large number of complaints is in relation to the HDBflat transactions.

The Singapore Accredited estate Agencies (SAEA) also stated that it had received 141 inquiries, complaints, and feedback last July and August, which is above than what it usually gets in one year. SAEA only receives 26 cases during the first six months of this year.

Tan Tee Khoon, chief executive of SAEA, stated that during this month’s first couple of weeks, another 6 complaints is poured in at the agency. About 40 percent of the said 141 cases compose of disputes on the payment of commissions, complaints against some Property agents, and more other Property-related issues.

He also said that the cases include recommendations from Inland Revenue Authority of Singapore or from theHousing and development Board (HDB) as well as from the Meet-the-People sessions of the Members of Parliament.

However, the Institute of estate agents, another body that grieved with real estate customers said that it hasn’t seen any latest increase in the number of complaints against all its members.

According to Dr. Tan, complaints overlaps oftentimes occur as consumers sometimes give their complaints to these three concerned bodies. In some cases, which involve Property agents’ behaviours, SAEA stated that it would have difficulty in resolving disputes concerning a Property agent who is not a SAEA-accredited and who refuses his cooperation.

Bosses of Property agency have said that compulsory accreditation from these bodies is the most important thing necessary to the industry, which contains a low-entry barriers. They hope that the review of the government of the regulatory framework for all real estate agents, which was announced in the previous month, will be able to raise standards in the Property business.

Govt to take fundamental re-look at real estate industry

noreply@blogger.com (Blog Attack) — Mon, 9 Aug 2010 18:07:00 -0700

SINGAPORE: The government is taking a "fundamental re-look" at the entire real estate industry.

Speaking in Parliament, National Development Minister Mah Bow Tan said this includes strengthening measures to curb unscrupulous practices and abuses.

Among the measures, the government plans to plug a loop hole on using public housing flats as collateral for loans.

Public housing flats are not meant to be used as security for any loans other than the mortgage to finance the unit's purchase.

Yet, Parliament was told that some owners have fallen prey to such abuses.

"One current practice that is very common is that of credit companies filing caveats against HDB flat owners who had borrowed money from them at very high interest rates, so that when these HDB owners sell their flats, the credit card companies will get the first bite," said Halimah Yacob, Member of Parliament (MP) for Jurong GRC.

In response, the National Development Minister said the government is working to plug the loophole.

"Unfortunately there has been a loop hole that has allowed legal money lenders to lodge such caveats, that is the reason why my ministry is now looking at how we can prevent this from happening," said Mr Mah.

"This is going to be done even before the regulations for the real estate agents are finalised. I am treating it as a matter of urgency because it is obvious there have been cases of abuses, people have been exploited, and in this regard the role of some rogue estate agents should also be examined.

"We have received feedback that some moneylenders provide loans on the condition that the borrowers repay the loans from the sales proceeds of their HDB flats. We are currently working with the relevant authorities on appropriate measures to curb such abuses.

Complaints against real estate agents have risen in the past few years, according to figures from the Consumers Association of Singapore.

There were 1,079 cases last year, higher than 1,100 complaints in 2008 and 1,055 in 2007.

Meanwhile, the Inland Revenue Authority of Singapore, which is the licensing body for real estate agencies, received 154 complaints against agents in the past three years.

Mr Mah said existing rules are not enough to deal with potential abuses by errant property agents. He added that the industry needs to be better regulated, especially in the current climate where there are temptations for some agents to take short-cuts.

He said: "We are looking into whether we should have a more formal form of registration for real estate agents, what are the mediation avenues available, if not what are the dispute resolutions mechanisms available and if not what are the punishments that can be meted out to those who flout the rules."

A new regulatory framework is expected to be announced shortly.

- CNA/yb

Singapore government to regulate real estate industry

noreply@blogger.com (Blog Attack) — Mon, 9 Aug 2010 17:50:00 -0700

The Ministry of National Development (MND) has proposed ways to regulate the local real estate industry and is seeking public feedback on it.

According to MND, there are about 1,700 real estate agencies licensed by the Inland Revenue Authority of Singapore (IRAS) and an estimated 25,000 to 30,000 real estate agents in the market. Recent rising number of complaints against real estate agents was deemed as ‘not tenable’ and that the whole system was not ‘satisfactory’ by minister of National Development, Mr Mah Bow Tan.

In 2008 alone, there were more than 1,400 complaints.

The proposed regulatory framework aims to enable consumers to safeguard their interests through public education and tough regulations, and also to increase professionalism of the real estate industry. To start off, residential property transactions will be focused upon.

There are three major components to the proposed regulations and they are:

i. Government enhanced regulatory powers

The regulatory authority will work with a recognised accreditation body for agents that will be formed. A public central registry will be maintained by the accreditation body to allow agencies and consumers to ascertain the background and profile of agents they wish to engage.

MND has also proposed to disallow real estate agents from working as freelancers by only allowing them to represent one accredited agency. There will be a standard associate agreement between agents contracted to an accredited agency for them to practice. Furthermore, agents must pass an industry examination and be accredited by the accreditation body before they can practice. Agents will also be disallowed from representing both buyer and seller in the same transaction to prevent conflict of interest.

The regulatory authority will also be given enhanced regulatory powers to increase levels of monitoring and enforcement. Agents and/or agencies that are caught for non-compliance with legislative requirements or infringement of accreditation requirements will face disciplinary actions through a tiered penalty system that may include warnings, fines, suspension and expulsion. Agencies with errant agents may also be subject to restriction on recruiting agents.

ii. Industry-led accreditation

A mandatory industry-led accreditation scheme for both agencies and agents is expected to encourage greater professionalism among them.

Agencies will have to adopt minimum service standards that will be made known to clients upfront, and provide compulsory continuous professional training and upgrading of their agents. Meanwhile, agents will have to be qualified through an industry entrance examination covering both ethics and practical knowledge before they can practice as well as adhere to a code of conduct.

To protect consumer interests, the accreditation body will maintain a public central registry listing all accredited agents so that consumers can see if the agent they engage is qualified. Agencies will also benefit from this as they could possibly find the background and profile of agents they wish to hire. A standard contract between agents and agencies spelling the rights and obligations of agents before any service is rendered will also be adopted. This move is aimed to reduce common disputes like commission rates, and co-broking agreements.

MND has also proposed that agencies put in place complaints-handling processes including a mediation platform at the agency level in the event of a dispute. Additionally agents could be made to have professional indemnity insurance to cover any negligent acts or omissions or breaches of professional duty.

iii. Improved Dispute Resolution Mechanism

One of the key drive to this regulatory proposal is due to the high number of complaints received in recent years. It is expected that agencies should take on greater responsibility for resolving disputes with clients and to facilitate this, proper complaints handling processes within the firm should be set up.

The government is also exploring on the possibility on working with industry players to set up an independent tribunal to specialise in real estate disputes.

MND’s proposed framework for the real estate industry is currently under the public consultation process and members of the public can share their views on www.mnd.gov.sg. Key elements of the new framework are expected to be announced in the December 2009 to January 2010 timeframe while legislative enactments are expected by the second half of 2010.