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28/02/2024

Singapore's climate plays a significant role in making shopping malls popular hubs for social interaction. The hot and humid weather naturally drives people to seek air-conditioned comfort, which malls readily provide. This trend extends to rainy days as well, particularly for those who reside in well-connected malls with covered walkways to essential locations like MRT stations, bus interchanges, or even their residences.

Furthermore, the compact size of most Singaporean homes and the efficient public transport system incentivize people to meet up with friends and family at malls rather than their own homes. This creates a unique social dynamic where malls become a natural extension of their living spaces, offering a comfortable and convenient environment for socializing.

NOT long back, gloomy predictions were made about how malls here might become obsolete amid the growth of online shopping. Read more at The Business Times.

26/02/2024

For investors seeking exposure to the Singapore industrial property market, properties near MRT stations or with good transport access are attractive due to high leasing demand. However, careful consideration of building specifications and conducting thorough due diligence are crucial. Additionally, low plot ratios suggest potential for future development and value increase, and en bloc deals might present further opportunities.

THE Singapore industrial sector has been a standout performer in the real estate market. In the fourth quarter of 2023, industrial prices continued to rise, moving up 0.6 per cent from the previous quarter, while rents gained 1.7 per cent, marking an upward trend for 13 consecutive quarters. Read mo...

20/02/2024

The recent revisions to the Additional Buyer's Stamp Duty (ABSD) remission clawback regime for residential developments offer a reprieve for developers facing challenges in fully disposing of new units within the prescribed five-year timeframe. This development presents a potentially positive outcome for large collective sale sites, such as Pine Grove.

PINE Grove condominium will be put up for collective sale again, this time with plans underway to lower the reserve price by 8.7 per cent to S$1.78 billion, marketing agent ERA said on Monday (Feb 19). Read more at The Business Times.

19/02/2024

Investing in global talent benefits Singapore. Bringing in top minds from around the world strengthens our economy and fosters a dynamic environment. Simplifying the homeownership journey for non-SPR foreigners is one way we attract and retain the best talent, ultimately benefiting everyone.

THE Urban Redevelopment Authority (URA) recently rejected the sole bid of nearly S$770.5 million or S$984 per square foot per plot ratio (psf ppr) for the 99-year leasehold Marina Gardens Crescent site in Marina South because the bid price was too low. Read more at The Business Times.

12/02/2024

Instead of "weaning ourselves" from property, how about promoting a more balanced approach that acknowledges its cultural significance while encouraging responsible financial planning and diversification through education and accessible alternatives?

IT IS often said that Singaporeans have an enduring love for property. Some regard their home as an asset that they could sell later to realise funds for retirement. Others may treat it as a store of value for their children and future generations. Read more at The Business Times.

25/01/2024

Long leases and resilient demand offer stable income streams, while limited supply drives up property values. E-commerce and global trade fuel this engine, further enhancing attractiveness for investors.

RENTS and prices of Singapore’s industrial spaces rose for the 13th straight quarter in Q4 2023, according to JTC’s market report released on Thursday (Jan 25). Read more at The Business Times.

22/01/2024

Agencies must ensure their agents are adequately trained to stay within ethical boundaries, while buyers should be cautious of claims that seem too good to be true and conduct thorough due diligence before committing to any purchase.

Ultimately, fostering a market built on trust and transparency is essential for safeguarding the interests of both buyers and sellers. Only then can the Singapore property market maintain its reputation as a fair and reliable platform for property transactions.

MISREPRESENTATION claims have surfaced in Singapore courts recently, with buyers taking legal action against property agents for allegedly making claims about the properties they purchased, which later turned out to be untrue. Read more at The Business Times.

20/01/2024

The sole bid significantly below expectations highlights concerns about the viability of a residential development in Marina South, especially due to the glaring lack of readily available schools in the vicinity. This could discourage families from buying, potentially impacting the project's success.

AT A closely watched state tender closing on Thursday (Jan 18), a white site in Marina South designated for residential and commercial development fetched just one bid, and that too significantly below market expectations. Read more at The Business Times.

16/01/2024

Overall, the rental situation presents a significant challenge for Singapore's SMEs. Navigating this landscape will require careful budgeting, exploring cost-saving options, and adapting to potentially new working environments.

EVEN as Singapore’s inflation cools this year, small and medium-sized enterprises (SMEs) are expected to face continued – or even intensifying – cost pressures. Read more at The Business Times.

08/01/2024

Increased demand for homes due to relaxed ownership rules could further escalate prices, making it even harder for first-time buyers and middle-income families to enter the market.

LAST year, an old contact told me at a property event that while she found the event insightful, she felt there were limited opportunities to invest in private homes here. Read more at The Business Times.

02/01/2024

High COEs make car ownership significantly more expensive. This can lead individuals to reassess their transportation priorities, potentially turning away from cars and embracing alternative options like public transport and even walking.

Homes located near efficient and well-connected public transport hubs become inherently more desirable. Residents seeking to minimize transport costs and avoid the hassle of car ownership will prioritize such locations, driving demand in these areas.

CAR buyers will heave a sigh of relief, especially those looking for higher-end cars. Read more at The Business Times.

01/01/2024

Recent data shows a rising trend in tenants considering a building's ESG performance during their decision-making process. This suggests that incorporating ESG practices will become increasingly important for the success of offices and commercial buildings in the coming years.

A GREEN Mark. Carbon calculations. An intelligent building monitor that counts its own resource usage and tells you how much power and water it has saved. These buzzy details are not just high-tech functions that look great displayed in a shiny office lobby, they are increasingly being built into of...

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Jurong West
408533

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http://www.3lrealtors.com/

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