September 2022

Former group CEO declared bankrupt, wife tries to claim share of S$3.82m landed property

A freehold, landed house in Ang Mo Kio, which used to belong to a former group CEO, has become part of a lawsuit brought about by his wife. The asset (or the net proceeds from its sale) is now under a trustee group after the CEO was ousted from his listed firm and declared bankrupt…

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Lower demand, some price resistance in HDB resale market in August

A slower buying sentiment may be setting in among HDB resale flat buyers. According to 99.co and SRX flash report on the HDB resale market in August 2022, 2,323 transactions were recorded last month, representing a 1.7% drop from July. While this could be due to the Hungry Ghost Festival (during which people tend to…

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Is it getting harder to get a BTO as a second-timer?

Last month, HDB announced it’s increasing the quota for first-timer families and singles applying for a BTO flat in non-mature estates. The increase is due to the strong demand for housing among first-timers. The change took effect from the August 2022 BTO exercise onwards. Flat allocation for first-timer families New allocation Previous allocation 3-room flats…

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5-room HDB resale flat at Jurong West Street 61 made record S$618k sale for the neighbourhood

A 1,184 sqft 5-room (Improved) HDB flat at Block 654C Jurong West Street 61 has closed at a record S$618k (or S$522 psf) for the neighbourhood. The previous highest price for a 5-room on the same block was sold at S$570k, or S$481 psf, in January 2022. According to Glenn Jin Wong, the PropNex agent…

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Don Tay: Working tirelessly to achieve long-lasting success in the real estate industry

In this series entitled Agent Success Stories, we sit down with agency leaders to find out their side of the story. From their humble beginnings to the challenges they face on the road to success, we learn that a career in the real estate industry is one filled with boundless opportunities—if you know where to…

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