Lushhomemedia

The Penthouse Squeeze

luxuryasiahome — Sun, 08 Nov 2009 01:10:44 +0000

They were bungalows in the sky once; now penthouses can be smaller than 800 sq ft Mention penthouses and one immediately thinks of big, luxurious bungalows in the sky, with wraparound views and a multimillion-dollar price tag. But these days they can be as small as 800 sq ft or less. These penthouses have come on the market [...]

More land for homes soon, so don’t rush

luxuryasiahome — Sun, 08 Nov 2009 01:03:07 +0000

Private developers will have a variety of sites to choose from by first half of 2010, says Mah There is no need to rush to buy homes, now that a slew of land parcels will be released to private developers in the first half of next year. That was the assurance given yesterday by National Development Minister [...]

Overseas properties with oomph

luxuryasiahome — Sun, 08 Nov 2009 00:50:49 +0000

Luxury homes in Hokkaido and high-rise San Francisco apartments beckon to the well-heeled in Singapore When it comes to overseas property launches, the choices used to be mostly beachfront developments or city projects. But now, investors in Singapore may be spoilt for choice as more launches come to town, among them an unusual posh development in Japan. The [...]

Upgrade lifts in ineligible blocks too

luxuryasiahome — Sun, 08 Nov 2009 00:27:11 +0000

I refer to last Sunday’s article, ‘Sorry, no lift for your floor’, which reported Senior Minister of State for National Development Grace Fu as saying that 200 out of about 5,300 blocks built before 1990 are ineligible for the Lift Upgrading Programme (LUP). The reason these blocks – including the Lorong Ah Soo maisonette block (right) [...]

HDB: Divorcee should be able to get loan

luxuryasiahome — Sun, 08 Nov 2009 00:20:12 +0000

We refer to the letter from Ms Norliah Abu, ‘Divorced and can’t afford a flat’ (Oct11). We have looked into Ms Norliah’s circumstances. She has enjoyed housing subsidies in the form of a Central Provident Fund (CPF) housing grant and HDB concessionary loan. She transferred her executive flat to her ex-husband in December 2007. Based [...]

Tiny flats a good buy?

luxuryasiahome — Sun, 08 Nov 2009 00:17:15 +0000

First, there were the ‘mickey mouse’ apartments of 500 sq ft or smaller. In Suites@Guillemard. for example, there are units as small as 258 sqft, which is the size of 21/2 carpark spaces. Now penthouses in several developments to be launched have shrunk too, to less than 1,000 sqft. In Kembangan [...]

CapitaLand praised for plan to restore pay cut

luxuryasiahome — Sun, 08 Nov 2009 00:04:40 +0000

Property giant CapitaLand’s decision to restore wage cuts for its executives and management staff has the thumbs up from Manpower Minister Gan Kim Yong. Yet given early signals of economic improvement here, he said it was up to companies to set the pace to restore pay cuts, adding that imposing a deadline would not be ‘practical’ [...]

Hello Kitty, Barney coming to Johor’s Iskandar

luxuryasiahome — Sun, 08 Nov 2009 00:02:10 +0000

Several more leisure parks are set to come up in the Iskandar Malaysia economic zone, officials said yesterday at the announcement of another new attraction. The projects, some of which will also be located around Kuala Lumpur, will likely include eco-themed and water-themed parks, said Tunku Ahmad Burhanuddin, chief executive officer of Themed Attractions and Resorts [...]

Bubble brewing?

luxuryasiahome — Sat, 07 Nov 2009 17:59:50 +0000

WITH the recent release of third-quarter real estate data, it may be timely to ask: Is there a real estate bubble, and if so, how bad is it? When the figures were unveiled in the last week of October, private-housing prices were out-of-sync with the rest of the market. Prices and rents were down for [...]

Govt turns up supply tap to cool property fever

luxuryasiahome — Sat, 07 Nov 2009 02:16:39 +0000

10 new sites signal intent to keep home prices affordable THE government yesterday fired a clear signal that it intends to keep private homes affordable by announcing its land sales programme for the first half of 2010 earlier than expected. The 10 new residential sites introduced through the confirmed and reserve lists will allow developers to build [...]