Singapore has retained the top spot as the maritime capital of the world

SINGAPORE has retained the top spot as the maritime capital of the world for the third consecutive time.

The report also made predictions about the world’s leading maritime capitals five years ahead, with most experts believing that Singapore will remain the most important city, with many noting its strong capabilities to handle digital transformation in the industry. Continue reading

Are you paying too much for an old HDB flat?

How to figure out if an old HDB flat is worth its asking price? Besides looking at the psf, look at also the psf on a per annum of the balance lease. Here is an example:

a Bukit Timah flat of 1,345 sq ft that sold for $950,000, reported in The Straits Times recently. That is $706 psf.
That flat was built in 1974 on a 99-year lease. It thus has 56
years of lease remaining. The price psf on a per annum of
balance lease basis is $12.60.
Is that a good price?

Check out the full report The Straits Times

Property News in Mar 2017

In Mar, the government has relaxed some cooling measures. The government has reduced the stamp duties that sellers need to pay for residential properties and slightly relaxed rules on loan thresholds. Braddell View goes private, marks the end of the government’s privatisation programme for HUDC estates. URA has put up a residential site at Tampines Ave 10 for sale. The 2.17 ha site is located between The Alps Residences and The Santorini. Continue reading