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SIBOR recorded its largest decline since Aug 31 2009 (by 1.4 basis points) to 0.466 percent, this is the lowest level since May this year. What this means is that property loans are expected to be kept LOW!! Singapore’s three-month interbank (SIBOR) loan rate fell the most in 11 months as record economic growth on the [...]
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Lian Beng to build The Scala
Posted by Agent Tay on August 2nd, 2010
Lian Beng has successfully been awarded the contract to build the new condo in Serangoon, next to Nanyang Junior College and Lorong Chuan MRT station, named – The Scala. This leasehold condo project is developed by Hong Leong Group. Lian Beng received the S$119.5 million contract to build five towers (about 17-18 stories high). Work [...]
Freehold or Leashold – again?
Posted by Agent Tay on July 31st, 2010
Every once in a while, someone would write an article making a comparison between leasehold and freehold properties. Of course, when we are referring to leasehold, very often, it is referring to the 99 year leasehold, the 999 year which is as good as it gets, though still leasehold is taken to be equivalent to [...]
Market sentiment affected by global gloom
Posted by Agent Tay on March 22nd, 2008
Despite having good and strong fundamentals in Singapore, mentally everyone is unable to place global economic problems out of mind. The ailing US dollar, astro-path of oil prices, poor US economic indicators and sub-prime problems are affecting overall sentiment – stock market and property market. The volume of transactions of new private homes dropped drastically [...]
You Order, We Build
Posted by Agent Tay on March 3rd, 2008
Towards the end of the previous property boom, HDB suddenly realised “we’ve got too many HDB units than the people wanting to buy them”. Then as the property market declined, those that saved their money to place a deposit on their dream HDB home realised that with the same amount of money they could get [...]
