Sales programme and a developer has committed the absolute minimum bid for the improvement.

Forestwood Residences is a 99-years leasehold Serangoon Condo in District 19. It’s under forestwood residences reserve list of the Government Property Sales programme and a developer has perpetrated the absolute minimum bid for the advancement. The total number of bids received for the tender is 11 and this signals there are great curiosity about the plum website despite market conditions. Analysts note the developers are keen to shore up their land banks because of the fact that there are actually less sites available for sale and thus this parcel managed to gather many interest on the list of developers.

Plans are under way for the landscape construction of Forestwood Residences condominium which includes a tennis court for some quality time with the family together with a swimming pool for the residents to relax. Additionally, there are plans to include both an indoor and outdoor gym.

$14million given for five research projects

The Ministry of National Development and the National Research Foundation have given $14 million in financing to five research projects, out of the 26 white papers submitted for the second call for proposals under the Land and Liveability National Innovation Challenge (L2 NIC).

“The awarded projects presented opportunities to use technology push the frontier of possibilities for future development of dwelling spaces, as well as to enhance the living environment for Singaporeans,” both agencies said in a joint statement.

August of the same year, the closed in launched during the Urban Sustainability R&D Congress, and second call for proposals under the L2 NIC plans to challenge the research community to come up with innovative solutions.

Specifically, its aims are to improve the cost effectiveness of subterranean developments by 50 percent, too as enrich human comfort and well being in urban areas by reducing ambient temperature by 4°C and surrounding sound by 10dBA.

The five research projects that received funding included a projected study by Nanyang Technological University’s (NTU) Assistant Professor Wan Man Pun to develop cool surface stuff, which could help lower the heat on buildings and road surfaces.

A project by Lee Fook Hou, Associate Professor in the National University of Singapore (NUS), includes developing a prototype gear to slash the building costs of belowground developments by enabling direct injection of cement into soft earth around corners and obstructions.

NUS Associate Professor Ho Ghim Wei intends to create a nanocomposite material for buildings that can transform heat into electricity and help purify the atmosphere.

Another proposed study by NTU’s Professor Chu Jian plans to develop a web-based three dimensional geological and geotechnical data modelling and management system, to reduce construction cost and increase productivity for future developments that are underground.

Meanwhile, NTU Associate Professor Gan Woon Seng plans to create a software system that can model sound and The Clement Canopy how the surroundings affects it. By these means, he hopes to develop soundscape masking techniques to reduce the effect of loud noises.

Luxury house looking takes to the heavens

There is a new way to go luxurious house hunting. In cities like Miami, La and Chicago, property agents have taken to the heavens using helicopter tours to impress clients, while preventing providing and traffic bird’s eye views of neighbours that were achievable and potential neighbourhoods, reported The Wall Street Journal.

We do’t do it for just anybody – they have to be quite well-certified,” stated Gwen Banta, a Los Angeles-based high-end broker, who has flown customers over US$11 million and US$16 million homes in Southern California that was rural. “You come in over the lake and get that see and they’re sold on the area before they actually touch earth.”

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But how much do these helicopter tours cost? Well, if you’re lucky, your broker will foot the bill. Many brokers who offer helicopter screenings also provide sightseeing tours and catered lunches within the bundle for clients.

“To supply something that a genuinely wealthy person would value is not an easy action to take,” mentioned Chief Executive Officer of Jameson Sotheby’, Chris Feurer s International Realty in Chicago.

In order to plan agents strategise and the best screening, pilots in advance to make sure everything goes smoothly. The pilot pops up with a flight plan accordingly and neighbourhoods the agent wants to reveal, and will defeat the coordinates of the homes.

Some aviators have taken advantage of the trend and are now getting their own property licences. This enables them to cut out the middleman and earn commissions on sales instead of only hourly fees. Naturally, you’ll need to decide if you actually want the man flying the chopper to additionally close your property trade.

Singapore remains most appealing for infrastructure investment

Singapore has kept its standing as most attractive market is ’sed by the world for infrastructure expense, according to the third edition of the Global Infrastructure Expense Index, published by international design and consultancy company Arcadis.

The city state rated highly across business, danger, infrastructure and fiscal indexes, and despite a slightly lower score for economic variables, it preserves a strong overall economic surroundings.

Work is currently underway to make infrastructure as an asset category more appealing to private institutional traders, like through the advancement of new bench Marking tools although most projects here are publicly funded.

By 20 20, it aims to invest six percent of gross domestic product (US$30 billion).

Several large projects have been planned for healthcare and transportation, including the expansion of Changi Airport through the construction of a final.

Elsewhere in Asia, Malaya climbed to fifth spot in the positions. Its powerful economic performance and continued long term investment in infrastructure, including the queens peak capital’s metro program, have made the market attractive for investing.

When queens peak mcc land it comes to economic score, China was first among the 41 states analysed, yet higher hazard surroundings and its less appealing business conditions found it rated 17th on the index.

“In the region in general, there is certainly lots of societal and public significance of new infrastructure. They’re not investible or bankable enough, which is the fundamental difficulty, although there are an entire host of project ideas and plans out there,” said Head of Client Development at Arcadis Asia, Graham Kean.

Developer hit .7mil in extension fees

CapitaLand has received to New Launch Condo spend $2.7 million to extend its deadline to market the remaining units at The Interlace.

This New Launch calculates to S$21,000 per 7 psf, reported $ unit or S TODAYonline.

Initially, the remaining flats at the 1,040-unit condominium on Depot Road should have been disposed by 13 March, but because paying the charges, CapitaLand’s deadline to promote the left over properties there has been extended by another six months.

Last month, Property Developers’ Organization of Singapore (REDAS) President Augustine Tan estimated that developers in Singapore could bear almost S$100 million in extension fees for failing to promote their remaining inventory in 2016.

However, the developer transferred 222 residential units with a combined worth S$506 million in the city state during the period under review, up in the S$197 million it gained for selling 69 units annually past.

Its Cairnhill Nine improvement also posted healthy sales, with 193 from the 268 units changing hands as of last Thursday (14 April).

Meanwhile, CapitaLand’s earnings dropped by 2.3 percent to S$894.2 million in Q1 2016 yearly, primarily due to lower contributions from its developments in Singapore and Vietnam.

Another purpose for the lower revenue is the New Launch Property absence of fair value increase of S$59.6 million as a result of the utilization change of Ascott Heng Shan Shanghai in Q1 2015. But the fall in earnings was partly offset by greater contributions from sales in China, as well as rents at its serviced residence company and CapitaGreen.

Despite the dip in earnings, CapitLand’s earnings after tax and minority pursuits (PATMI) surged by 35.4 percent year-on-year to S$218.3 million in Q1 2016, thanks to the divestment of a property in China, Somerset ZhongGuanCun Beijing.

Assist second- homes that are private that are timers

The Ministry of National Development (MND) revealed yesterday the information on the Fresh Start Housing Scheme, which aims to provide dwellings for second-timers, or households that previously appreciated one home subsidy but currently live in public rental flats.

Under the scheme, eligible families with school-going children will each be able to obtain a two-room Flexi level in a Build to Order (BTO) or Sale of Balance Flats (SBF) sales exercise.

These units can come with short leases that range from 45 to 65 years to keep prices affordable. They will also provide an extended Minimum Occupation Period (MOP) of 20 Treasure Crest years to ensure their owners’ youngsters may have homes for a longer period.

People who qualify will probably be given another HDB concessionary loan, irrespective of the number of preceding loans they have obtained in the Housing Board. They will even be able to use their CPF contributions as down payment, or to service the monthly mortgage instalments.

Furthermore, they’ll be provided applying for a 60-year or year – 65 lease eligible for the maximum sum. on the property’s tenure, with those with a Fresh Start Home Grant of up to S$35,000, depending

Of this grant, a fixed S$20,000 will be disbursed just before key collection — regardless of the chosen lease while that is — the remaining amount will be spread in annual tranches over five years.

The Fresh Start Housing Scheme, that will be executed in late 2016, is open to divorced, married or widowed parents aged 35 to 55. Each household must have at the least one Singaporean parent, with at least one Singaporean child below age 16, to qualify. Without accumulating three or even more months of rental arrears in the preceding 12 months additionally, they need to have dwelt a public rental flat for a minimum of two years.

Eventually, all such homes must obtain the Ministry of Social and Family Development’s Letter of Social Assessment (LSA), which establishes the parents are gainfully employed and manag(s) the family finances well, and that the children attend school consistently. For participating families to receive the annual part of their grants’ equilibrium, the LSA must be renewed.

Meanwhile, the Tenants’ Priority Scheme has been extended to second-timer families living in public rental flats, to be able to give greater priority to them when putting in an application for a HDB flat.

Formerly, just first-timers residing in public rental units qualified.

HK house sales drop 70% from last year

The amount of residential transactions in Hong Kong dropped by 70 percent yearly last month, as buyers shunned the housing marketplace amidst economic uncertainty, reported Bloomberg and falling costs.

According to government data, just 1,807 units were sold in February compared to 2,045 in the previous month. This is a far cry from the 6,027 transactions recorded during

Additionally, house prices dropped 10 percent from their September peak because of worries over the plan by Hong Kong authorities to boost the supply of residential units in the next five years along with China’s slowing market. Local officials also reiterated that the existing property will remain in place.

As such, BOCOM International Holdings’ analyst Alfred Lau believes that home costs in the city could fall by 30 percent in 2016.

Income by New World Development also plunged 79 percent during the first half of its financial year to HK$2.8 billion, which is only 28 percent of its full-year goal.

Despite the challenging situation, some developers still see opportunities in Hong Kong. For example, Goldin Financial Holdings’ Chairman Pan Sutong feels that prices of luxury dwellings will remain resilient, especially for those situated in areas with limited supply.

Earlier this month, his company submitted the winning bid of HK$6.38 billion for a property tract in the posh neighbourhood of Ho Man Tin, where a subway station is being assembled.

Interesting to read: T Space Tampines | Parc Life EC | Centrium Square

After Spending So Much On House Renovations, Are you really Sure Your residence is Protected?

Singaporeans surely do love their houses, and why not? There is still the refurbishing of the house to take into account after spending a substantial amount of money just to buy a house. We have previously looked at just how much Singaporeans spend on home renovations, and it’s certainly not a small sum whatsoever. After spending all that cash, you would think it’d make sense to make sure that your nice, new house is protected right? Well, most Singaporeans think they’re, but that may not be the case.

When you purchase a HDB flat, condominium apartment or landed property, the majority of individuals are required to buy a fire insurance policy.

We have even had people refusing to take a better home loan package from MoneySmart because there clearly was no “free 1-year fire insurance coverage”, believing that it’s the most essential idea they should safeguard themselves against home damage, nevertheless this isn’t true and let us see why:

Let us say your home accidentally catches fire over a minor cooking incident, or in the classic Hollywood instance, you leave the iron on and your precious dining table, your son’s Playstation and your expensive Italian couch get burnt to a crisp. Not having a policy that covers the contents of your house will render you weak in regards to asserting anything from your loss.

According to a report from the Singapore Civil Defence Force (SCDF), in the period from Jan-Dec 2014, there were a total of 2,888 residential fires that the SCDF had to respond to. That’s no small amount whatsoever, and we are pretty certain that in regards to your house catching fire, it is not as in the event the fire is going to selectively decide what it needs to burn.

Evidently, overlooking house contents insurance could incur some serious costs.

Fire vs Home Contents Insurance – What’s the dissimilarity?

The crucial difference between the two policies is that for fire insurance, it merely covers the cost of damage to your home’s construction, replacement of any “first” fixtures/fittings, or rebuilding a house (landed property). This includes the first flooring, ceiling, walls, doors, windows, and electric wiring.

Home contents insurance, on the other hand, covers – what’s inside your home; your renovations and contents within your house. But there’s a little more detail to this than fire insurance, which is comparatively more straightforward.

What Does House Contents Insurance Cover?

By and large, these are broadly the same amongst insurers. Its key purpose would be to cover the cost of replacing your possessions should the be damaged, destroyed or stolen.

There are additional benefits apart from just coverage of damage to your home when dealing with an incident to your residence, The Andrew Residences or possessions, that are maybe just as significant. Below are some things that you likely didn’t understand house contents insurance policies can cover, depending on your acquisition:

Accommodation: should you must maintain your stuff somewhere while your renovations are becoming and temporary storage completed etc
The emergency cash allowance can help with expenses, in case your house is inhabitable as a result of the insured dangers for more than 3 days
Accidental Medical Expenses: covers you against any medical expenses or bodily injuries due to an accident
Replacement of locks and keys due to larceny
There are of course a whole list of other things that home contents insurance insures, and this also differs from insurer to insurer, but should you’d like to make sure the items within your house are protected, this is actually the coverage you should be getting.

What Else Should You consider?

This is not something generally covered in all policies, but some strategies, such as the HL Home360 policy (a home insurance plan underwritten by HL Assurance, a member of Hong Leong Group) also comprise a 24 hour concierge service that provides access to electricians, plumbers, locksmiths, pest management technicians and air con repairmen.

This really is a fantastic resource to have in the event you like to take pleasure in the simplicity of calling just one number , anytime of the day, when something occurs at home that needs fixing.

This added service saves you the hassle of having to scramble round the Internet searching for a number to phone. Which is usually the case for most of us is not it? Aircon breaks down? Google for air con repair man. Locked out of your home? Google for locksmith. You might be sweating a few nights away in your bed with all the fan on, anything you find might not be accessible immediately when you call and worst if it’s a weekend.

Remember, one call = bunch of handy men prepared to repair whatever you desire. Quite awesome if you request us!

So Which Policy Should You Get?

Now that we’ve established that by and large, home contents insurance is a must for most home owners on top of only fundamental fire insurance, in the event you be getting a named perils policy or all-risk coverage? You might think that an all-risk coverage is just relevant to people with a house that is huge, but that’s not necessarily true.

  • Having young children at home
  • Having aged folk at home
  • Travelling pretty frequently (1-3 times per quarter)
  • Precious items in your dwelling

The coverage amount and insurance premium also varies significantly between insurers, with annual premiums ranging from as low as $70 (extremely bare bones stuff) to $400 (good stuff worth getting), so as always, be sure to compare coverages till you find the one that is right for you. You never know when those additional addons to your coverage might save you a lot more than merely cash.

Do you think home insurance is necessary? Discuss your thoughts with us here!

Differences Between Commercial And Residential Properties

Until the latest MAS cooling system measures, residential properties have become the property investment of alternative, since 2008. Loan limitations, rising prices, and an added buyer’s stamp duty (ABSD) made it even harder to raise capital to get another property.

With residential property becoming high-priced and increasingly controlled, commercial properties have turned into an appealing option. That is because commercial properties untouched by the measure that is cooling system, due to high risk task.

However, before you decide to purchase, you need to understand these differences between residential and commercial properties:

Understand Your Goals
Just like you’ve two motives for purchasing a residential property (to live in, or for investment), you’ve got two choices for commercial properties too. You can manage the property as a company owner, or use it as an investment.

Your own monthly premiums will be lower.
The worth in your property will appreciate.
Be confident about your ownership objectives before you purchase any property.

Understand the Regulatory Differences
Commercial properties are complex, consisting of the following property types:

Mixed Development
The regulations encompassing each property type are drawn-out enough to fill a novel, so it rests upon you to train yourself on both the rules of commercial property marketplace and your preferred property kind.

Understand the Pricing Problems
In regards to comparing the cost of residential and commercial properties, there are lots of crucial differences you need to comprehend:

Commercial properties generally have a lower price per square foot. This may be due to the shorter leases, which just last 30 – . They’re seldom situated in prime business places, although there are freehold commercial properties.
Commercial property costs are generally more explosive because its worth is tied to business prognosis. You will have to keep a watch on business exports in the event the property is taken by semiconductor manufacturers. In the event the sector slows, renters might need to close their company up or relocate to more affordable places.
Commercial properties have higher yields over a 5 – 10 year span in comparison with residential properties.

Understand the Rental Returns
The rental returns for residential properties ranges from 2% – 3%, but nearly twice that can be yielded by commercial properties with a mean of 5%. But unlike residential properties, commercial properties desire continuous asset improvement.

It is much more easy to rent out an unfurnished 3-room condominium when compared to a naked office. You will increase your opportunities of boosting your capital outlay if you’re able to tailor your premises to satisfy the needs of future renters. That is if you are not choosy about who leases from you unless you do not mind taking a lower rental return.

Understand the Funding Problems
In buying a commercial property in comparison to a residential property, Dayo Condo the largest downfall is the fact that you CAn’t use your CPF.

Here are several other crucial differences to notice before buying a commercial property:

The banks allow you to borrow up to 10% more should you buy a commercial property to be used as an owner occupier of as an investment.
But in case you have a GST-registered business, you can claim the sum back.

Buying An EC?

Purchasing almost any residential property may be the most expensive item in our life. Aside from the primary needs of ‘Possessing a place called home’ , both principal questions that likely in the trunk of one’s thoughts are:
1.Can I Purchase an The Criterion EC Now?
Read on and determine yourself in case you discuss my ideas and could it be the appropriate time to think about purchasing one now.
First thing first, we must consider the variables that may restrict or establish your option.
Qualifications. The eligibility conditions for BTO and EC are fairly similar but for the income amount qualification and family scheme. If you’re a single below 35 years old, your option is restricted to the private condominium or the resale marketplace. For private condominum, there isn’t any qualification condition, it’s open to anybody that has got the resources to buy.
Income Amount. Next, your house choices might be restricted by the overall gross income.
* below $10,000, all 3 alternatives (BTO, EC, private condominium) are open
* $10,000 – $12,000, you can just purchase an EC or private condominium
* above $12,000, your only alternative is private condominium.
Place. Purchasing property is principally about place also it still holds true as the key factor. The most important thing to individuals when it comes to place changes from buyer to buyer. Some may examine surrounding conveniences for transportation and benefit, while for others being near to your table-topping school is essential.
I’ve collated the comforts in a number of the places (Sengkang, Woodlands) where ECs in Singapore are found. Trust to cover most of the regions in the long run.
Budget. Another determining factor will be your budget. You must not overstretch yourself in buying a property. Your financial plan may also restrict your alternatives (BTO, EC or Condominium) as well as the kind of unit alternatives (1, 2, 3, four or five rooms).