Property agents battle with the lure of earning easy money

With the growing demand for short-term accommodations, property agents in Singapore contend with the constant struggle of fending off temptations of earning additional income by listing and managing vacant rooms or units on Airbnb. A property…

Dennis Wee Realty hit by $66k fine, banned from selling overseas property

Dennis Wee Realty (DWR) has been prohibited from marketing or transacting foreign properties until 24 November 2018 and is required to pay a fine of $66,000, announced the Council for Estate Agencies’ (CEA) Disciplinary Committee on Wednesday…

Jervois Green sold for $52.9mil, Brookvale Park up for en bloc sale

Singapore’s collective sale market continued to heat up with the sale of  Jervois Green and the launch of Brookvale Park. A four-storey freehold development at 100A Jervois Road, Jervois Green has been sold for $52.9 million to investors…

Estate Planning 101: Setting up a property trust in Singapore

Are you considering purchasing a property for your child who does not have the legal capacity (i.e. below 21 years old) to own a property in his/ her own name? Are you having concerns about the succession of your assets? Or are you contemplating…

PropertyGuru hires eCommerce veteran as CTO

Manav Kamboj, chief technology officer, PropertyGuru. Real estate group PropertyGuru has hired an eCommerce veteran at its new chief technology officer. Manav Kamboj will be responsible for the company’s technology and engineering divisions…

Fresh Start Housing Scheme helping 56 families

Minister of National Development Lawrence Wong revealed that a total of 56 families are making the transition to become homeowners again via HDB’s Fresh Start Housing Scheme, reported Channel NewsAsia. Introduced in December 2016, this…

Two men charged over illegal home-sharing

Two men were brought to court on Tuesday (5 December) for illegally leasing out four condominium units for short-term stays via Airbnb, reported Channel News Asia. 34-year old Yao Song Liang and 35-year old Terence Tan En Wei each faced four…

URA closed tender for Jiak Kim Street and Fourth Avenue sites

View of the land parcel at Jiak Kim Street. (Photo: URA) Two residential plots in Jiak Kim Street and Fourth Avenue attracted a total of 17 bids with the combined top bid amounting to nearly $1.51 billion, after the Urban Redevelopment Authority…

URA to launch tender for residential site at West Coast Vale

The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the residential site at West Coast Vale for sale by public tender. This comes after the developer committed to bid a price of not less than S$379.988…

Private home sales rose 15.4% in Oct

Despite some developers holding back their launches, private home sales still rose 15.4 percent in October on a monthly basis thanks to robust demand for previously unveiled units, reported the Singapore Business Review, citing data from OrangeTee. Overall,…