Our Transport Minister just announced the building of the new Jurong Region Line. Singapore is going to have 7 MRT lines: North-South, East-West, North-East, Circle Line, Downtown Line, Thomson-East Coast Line and Jurong Region Line. By 2030, there will be 30 interchanges and 170 MRT stations in this Little Red Dot. This podcast covers 3 popular topics that home buyers … [Read more...]
What’s on the mind of property investors: 5 things everyone wants to know
On October 1, seven property investors and four industry experts joined the Property Investor Roundtable Luncheon jointly organized by Knight Frank and Property Club Singapore. As property investors, we are interested to pick the brains of industry experts, compare notes with our peers, and find out what's on the mind of fellow investors. How we qualify the savvy … [Read more...]
What is so ‘grande’ about Lake Grande?
During the first weekend launch, MCL Land managed to sell 436 units or 60 percent of 710 units at Lake Grande. Buyers paid an average price of $1,368 psf for the units. Singaporeans accounted for 17 out of every 20 buyers. Two weeks later on National Day, the developer has moved a total of 470 units. Sales has slowed down significantly since then. According to the URA records, … [Read more...]
Where is the ‘gem’ at Gem Residences?
Driven by the recent hype over the launch of Gem Residences, I decided to visit the sales gallery last Sunday. It would be interesting to find out from the horse’s mouth the stories of the project. For examples, 1. 1,449 cheques were collected before the launch but only 360 buyers showed up on the launch day, with 51 percent of the 578 units (i.e. 295 units) sold. 2. … [Read more...]
Will they ever tell the truth?
Last week Mitsubishi Motors admitted to manipulating fuel economy test data, using methods that were non-compliant with Japanese standards. They were found to be cheating for the last 25 years. Concerns among investors on potential compensation costs and fines immediately made the dishonored Japanese automaker lose half of its market value. When will they come clean? This … [Read more...]