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In just the past six-and-half months, there were 15 fire-related incidents at HDB flats which we know of – or at least the ones we’ve read about in mainstream media. The most severe is the one which happened at Bedok on 13 May 2022 (a Friday), when a fire broke out in a fourth-floor housing…
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We often report on the challenges real estate and property development professionals have overcome, and how these experiences have affected their approach to career and life. Few have surmounted a challenge as severe as that faced by Victory Land’s Fanny Cheng — nor done so at such a young age. Around six years ago, aged…
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Unless you’re planning on paying for your home in cold hard cash, you’ll need to take out a home loan. To get a home loan, you’ll need a bank willing to give you one, which is where In-Principle Approval (IPA) comes in. Note: You may have read articles about Approval-In-Principle (AIP). To clear things up,…
The post In-Principle Approval (IPA) for home loans: What is it and how do you get it? appeared first on .
We all heard of the saying “cash is king”. It is especially true at this point of time. To cope with rising inflation, the Monetary Authority of Singapore has gone ahead with three rounds of monetary tightening. Each round resulted in further reduction of money supply. Suddenly, cash becomes precious. Everywhere people are looking for... [read more]
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Besides million-dollar HDB flats, there are now multi-million-dollar kopitiams, or coffee shops, in our HDB heartlands. You may be sitting on those flimsy plastic chairs, sanguinely sipping your kopi siu dai and eating your kaya toast and half-boiled eggs, not realising that potentially, you could be doing so at an 8-figure joint. Notably, these are…
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Financial planner Joanne Lim decided to move during the circuit breaker period. The reason? She wanted a karaoke room. She and her husband found a 1,200 sq ft 5-room flat in Sengkang, where they built a $15,000 entertainment room for Joanne to sing to her heart’s content.
My tenant (Miss A) just moved in (it's a 2 year contract). During viewing, she saw the existing furniture. Her signed LOI did not list down any requirements either. I had also provided the inventory list together with the TA to sign, 2 weeks before handover date (which she signed on, 2 weeks before handover date). During viewing and the subsequent days following the viewing, she stated a few times, that she has no requests - no need to remove any furniture, no need for me to provide any furniture. She only has her dog with her (which I'm ok with). Now that she has moved in, she is asking me to remove some pieces of furniture. Pieces that were present in the apartment during her viewing. I had another offer for higher rental but person wanted some furniture removed, and I turned that down to take Miss A as my tenant because she stated she does not need any furniture removed. (I prefer to keep all the furniture.) Is this misrepresentation? I signed the TA with her mainly because she said she is ok to have all the furniture. Can I rescind the contract?
Oh, and just before she signed the TA (16 days after she viewed the unit), she suddenly informed that "she had forgotten to mention that she also has a cat with her". She mentioned having a dog many times, but during those times, she forgot she has a cat too.
It looks like en bloc sales are heating up again, as People’s Park Centre goes on the market for a guide price of S$1.8 billion. This is its second attempt at a collective sale, with a 33.3% increase in the asking price. Its first attempt in 2019 was lodged at S$1.35 billion. Other big-ticket en blocs International…
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If you’ve ever done HDB viewings, you would’ve likely encountered flats where the homeowners made the HDB corridor and common area their own. Their interior decor spills out from their house onto the exterior of their flat, where they personalise it with all sorts of things from photo frames, plant racks or hanging planters, other…
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