Finance

China developers love Singapore so much that it might kill us

Lorong 1 Realty Park Site - Landed housing

Foreign property developers, mainly China property developers, have a real fascination with Singapore. That’s good news for government land sales, because if you haven’t noticed, this island is damned tiny. That means they’re forced to bid aggressively, which ramps up government coffers. On the downside, all those additional costs might be headed in the direction of home buyers: Foreign developers …

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Airbnb and instant booking: A recipe for market domination

by Joseph DiTomaso, co-founder and CEO of AllTheRooms. Airbnb knows how to make waves in the accommodations booking industry. Over the last few years, the San Francisco-based company has taken major market space away from more conventional hotel booking sites like Hotels.com and Expedia.com, and it looks like the company has once again invented a new technique that will add …

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Possible pitfalls when you DIY a property transaction

Co-authored by Mr. Ku Swee Yong, Co-founder of HugProperty with Janice Chin Li Ping, undergraduate from the Department of Real Estate, National University of Singapore Self-service property websites lure property buyers, sellers, landlords and tenants (let us collectively address them as “Clients”) with the bait of substantial savings in agents’ fees. The proliferation of self-service portals and mobile applications has …

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Record high attendance of 3,900 at TechInnovation 2017

The sixth edition of TechInnovation concluded successfully, with over 3,900 participants from more than 40 countries in attendance, a 44% increase from last year’s turnout. The annual two-day technology marketplace is Singapore’s premier technology brokerage event, bringing together technology providers and seekers under one roof to explore business collaboration opportunities through open innovation. This year’s exhibition floor saw over 160 …

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Credit score facts and myths for getting a home loan

Your credit score is a number used by banks and financial institutions as an indicator of how you are likely to repay your debts and the probability of going into default. Credit Bureau Singapore(CBS) credit score is based on the various types of information in the credit report to calculate a number that estimates your level of future credit risk. The …

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Singapore employers look for alternatives to balance rising medical inflation and need for competitive benefits, Mercer

According to the 2017 Singapore Employee Health and Benefits Study conducted by Mercer Marsh Benefits (MMB), a partnership between global professional services firms, Mercer and Marsh, employers continue to look for ways of balancing rising healthcare costs with the need to provide competitive benefit packages to attract, engage and retain employees. With the onset of medical inflation, Singapore hospital room rates continue to increase year by …

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Enbloc Sale – Can you lose money from it?

Enbloc - Shunfu ville

When is Enbloc good or bad news? Receiving an enbloc offer for your property is akin to striking lottery. So who wouldn’t be pleased with it? Not everyone actually. Some may have an emotional attachment to their home or location as their family or relatives may have stayed in this development or in this vicinity, still many others dislike the …

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Part 3 of “The Big Singapore Market Upgrade of 2017?”: Rise of the Single-Person Household

by Ku Swee Yong, Co-founder of HugProperty and Shannon Aw Qian Tong, undergraduate from the Department of Real Estate, National University of Singapore, a three part series on “The Big Singapore Market Upgrade of 2017?”. Previously, in part one and part two of this series, we discussed how employment opportunities and population growth would form a more relevant correlation to housing demand. We also …

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Chinese developers: Who exactly are they?

by Property Soul Since the start of the year, cash-rich property developers from mainland China have been actively participating in Government Land Sales (GLS) tenders. Aiming to expand their footprint in Singapore, they have set new records in bidding prices for residential sites. This is no doubt a big windfall for the government. But not for local developers who may …

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