S'pore adjusts growth forecast to 2.5 to 3.5%
Singapore’s Gross Domestic Product (GDP) growth forecast for this year has been narrowed to 2.5 to 3.5 percent, the Ministry of Trade and Industry (MTI) announced today. Previously, the 2014 growth forecast was at two to four percent. The country’s economy grew by 2.4 percent on a...
Continue Reading • 12 Aug 2014
Scheme to safeguard against errant contractors
The Consumers Association of Singapore (CASE) and the Singapore Renovation Contractors & Material Suppliers Association (RCMA) have joined forces to create a voluntary accreditation scheme for the renovation industry, according to media reports. Effective next year, the CaseTrust-RCMA...
Continue Reading • 12 Aug 2014
Top honour for property player
The highest National Day Award this year – the Distinguished Service Order (Darjah Utama Bakti Cemerlang) – was presented to Chua Thian Poh, the Chairman and CEO of public-listed Ho Bee Land. The Order is awarded to any individual who has performed within Singapore any act or series...
Continue Reading • 12 Aug 2014
Three property agencies strike new partnership to battle competition
The move comes amid tough property market conditions. More real estate agencies are joining strategic alliances to jointly market a larger pool of properties, helping to extend the reach of their agents and providing more choices to clients. The latest companies to come together to form a bloc of...
Continue Reading • 11 Aug 2014
Govt to explore easier ways for seniors to monetise flats
The government is looking into ways to make it easier for retirees to monetise their flats, Prime Minister Lee Hsien Loong said in his National Day Message on 8 August. Acknowledging Singapore’s ageing population, PM Lee said seniors need to be assured they can retire happily, and most of them...
Continue Reading • 11 Aug 2014
Singapore's future population still uncertain: Chan Chun Sing
The numbers of six million and 10 million have been floated around whenever the discussions turn to Singapore’s possible population size, said media reports. However, Social and Family Development Minister Chan Chun Sing put forward another potential figure: a population of below four...
Continue Reading • 11 Aug 2014
ERA celebrates National Day
Property agency sets new Singapore record. Singapore’s largest property agency celebrated the nation’s 49th birthday last Tuesday with a day of fun. Some 1,200 people including ERA teammates, salespersons, guests and industry partners attended the grand celebration at Toa Payoh...
Continue Reading • 11 Aug 2014
Sengkang residential sites awarded to consortium
The consortium comprising CEL Development and Unique Residence has been awarded the tenders for two residential sites at Fernvale Road. The developers submitted the highest bid of $234.9 million and $252.1 million for Parcel A and Parcel B respectively. The residential sites were launched for...
Continue Reading • 11 Aug 2014
Renting may increase school admission chances
Parents in search for a home near a school of their choice may not need buy within the neighbourhood in order to increase their children’s chance of being accepted. Sometimes, it would be better to just rent the property, according to a commentary in the media. The distance of one’s...
Continue Reading • 8 Aug 2014