Straits Times: Fire sale? Don’t hold your breath

Panic selling of homes unlikely this year and next as investors sitting on comfortable profits are in no hurry to exit market, say analysts
By Fiona Chan, Property Reporter
The panic selling of homes that some property experts had forecast months ago has not materialised after all – not this year, anyway. Market watchers had previously [...]

Straits Times: What’s a development charge?

FINANCIAL QUOTIENT
* Where do you see this?
Mainly when a plot of land that is already built on is sold to be redeveloped, such as in a collective sale of an existing estate.
* What does it mean?
When a developer buys a site for redevelopment, it will submit a proposal to the Government to build a new [...]

Straits Times: HDB Rental Flats – Over 4,000 on waiting list

All of the HDB’s lettable rental flats are occupied. Rents for one- or two-room units range from as low as S$26 to S$275.
Of the 40,732 rental households, over 75 per cent are small households (fewer than three people), and 70 per cent of residents are above 50 years old.
As of June this year, there were [...]

Straits Times: Rental Flats – Are they really needy?

Spotted in rental flats: plasma TVs, laptops, pets. But MPs say majority are deserving cases
By Jamie Ee Wen Wei and Gracia Chiang
Just who are ‘really needy’ among those living in heavily subsidised rental flats?
Should those who own a car or plasma TV set, employ a maid or install air-conditioners be ineligible?
There are some who enjoy [...]

Business Times: Lian Beng files S$9.4m suit against ex-partner Manhattan

CONTRACTOR Lian Beng Group has sued its former partner Manhattan Resources for alleged breach of a deal to buy the former’s half stake in a joint venture.
Lian Beng said in a statement yesterday that it has filed a claim with the High Court against Manhattan for allegedly defaulting on a sales and purchase agreement signed [...]