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"Many people today, especially those who are IT savvy, can gather enough information online and make property transactions on their own, hence cutting out the middlemen," he said. "Therefore, as property agents, it's time for them to level up their professionalism and also to take this chance to add value to their services in order to retain their position in the whole value chain."
Ardmore Three in Ardmore Park has sold about 20 units since relaunching last month at effective prices of about $2,600 to $2,700 per sq ft (psf) - after factoring in a 15 per cent cash rebate. This is below earlier launch prices of $3,400 to $3,500 psf. Sales are decent considering most units at the project go for about $5 million.
DEVELOPERS erecting new buildings or planning major redevelopments to their existing buildings will soon have to submit plans that show how they will take into account pedestrians' and cyclists' needs in their development designs. Starting in July, this requirement will apply to places with high pedestrian and cyclist traffic, namely shopping centres, offices, business parks and schools; it may be
Tenant demand for commercial space fell at its fastest pace since the global financial crisis in 2009, as Singapore's economic growth continues to slow, said the Royal Institution of Chartered Surveyors (RICS) on Tuesday. The sharp decline in occupier demand has taken its toll on investment activity as foreign buyers increasingly look beyond Singapore for better returns, said RICS in a survey repo
AT latest count, some 468 prospective buyers have registered their interest for units at Gem Residences, a 578-unit Toa Payoh condominium that opened its show gallery last Friday. Some 2,000 visitors had visited the gallery. The developers of Gem Residences - Evia Real Estate, Gamuda and Maxdin - had also started collating interest on the ground through its property agents since April 15.
1,828 HDB resale flats were sold in April, a 10.3 per cent increase from 1,657 transacted units in March, and 13.5 per cent higher than a year ago. "The volume represents a record high since the recent cooling measures of additional buyer's stamp duty and total debt servicing ratio were introduced in 2013," SRX Property said.
Prices of luxury homes are hitting new lows at several developments as owners offload properties amid plunging rents. An owner at Cairnhill Plaza is said to have sold his roughly 3,000 sq ft four-bedder for about $1,300 per sq ft (psf) - the lowest psf price recorded at the project since 2007.