Tag Archives: Property Market

HDB 99 YEAR LEASE TIME BOMB COULD CAUSE PROPERTY MARKET COLLAPSE

At least TWO PAP Ministers (Khaw Boon Wan & Lawrence Wong) have confirmed my point about the HDB 99 Year Lease being ZERO in value when the lease expired. This is an important critical fact that most Singaporeans have ignored for decades and despite of such reality, Singaporeans are still pumping huge amount of money willingly into HDB resale market which in turn, pushes up the new BTO HDB flats!

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MASS FOREIGN BUYERS COMPETE WITH LOCALS FOR S’PORE HOMES

I refer to the article “More foreign demand for S’pore homes” (Straits Times, Nov 30). It states that “Foreigners are jumping back into the private residential property market here in greater numbers, with buyers from China consolidating their position as the top buying group.

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MOST EXPENSIVE 5-ROOM FLAT SOLD FOR $1.12 MILLION

A 5-room flat at the Pinnacle @ Duxton estate has been sold for a whopping $1.12 million on 19 Sep. This makes it the most expensive sale of a HDB flat to date and comes amidst strict cooling prices that have dragged down the prices of the private housing sector in recent years.

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Singapore Property Agents Breaking Malaysian Laws to Make a Quick Buck

Singapore real estate agents are entering Malaysia as visitors and soliciting for business without a work permit to capitalise on the boom in the Iskandar Malaysia property market. This was said by Malaysian Institute of Estate Agents Johor branch chairman S. Vadeveloo. He said these property agents have been flouting immigration laws for quite some time. He said these agents would focus on Singaporeans and foreigners in Malaysia were looking for new or secondary-market properties.

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