I am honored to be one of the top producers in Propnex for the month of May.
Thank you to all my valued clients who have made this achievement possible!
Saturday, 29 June 2013
My Achievement
Achievement, regardless big or small, becomes a source of motivation when it is being recognized.
I am honored to be one of the top producers in Propnex for the month of May.
Thank you to all my valued clients who have made this achievement possible!
I am honored to be one of the top producers in Propnex for the month of May.
Thank you to all my valued clients who have made this achievement possible!
Monday, 17 June 2013
News Extract: 17 June 2013
More sites released for private residential units
Three residential sites and two commercial & residential sites will be released this month under the Government Land Sales Programme for the first half of 2013.
SINGAPORE: The government will release more land that will make way for some 3,600 private housing units.
Three residential sites and two commercial & residential sites will be released this month under the Government Land Sales Programme for the first half of 2013.Two Executive Condominium sites at Punggol Drive and Yuan Ching Road are launched for sale on Monday under the Confirmed List.
The residential site at Mount Sophia and a commercial & residential site at Yishun Central 1 will be launched for sale under the Confirmed List on June 28.
The commercial & residential site at Meyappa Chettiar Road will be made available for application on the Reserve List on the same day.
Source: Channel NewsAsia
Saturday, 15 June 2013
News Extract: 15 June 2013
JEM attracts more than 10,000 shoppers within first hour of opening
The much-awaited opening of suburban mall JEM took place on Saturday morning and attracted more than 10,000 shoppers within an hour of its opening.
SINGAPORE: The much-awaited opening of suburban mall JEM took place on Saturday morning and attracted more than 10,000 shoppers within an hour of its opening.
However, not all shops were shipshape, with some, including retailer Topshop and restaurant Ding Tai Fung, closing in the afternoon due to water leakages, according to their staff.
Plastic bags were seen placed over store mannequins and towels on the floor inside Topshop, barely hours after its opening in the morning.
A sales assistant there also told Channel NewsAsia that the building's aircon was leaking.
Queues were seen snaking outside the mall with some shoppers showing up as early as 5.30am.
The suburban mall finally opened its doors after delaying its opening on June 11 due to the lack of fire permits.
The delay did not discourage shoppers who came from all over the island to throng the 818,000 square feet mall.
One thousand early-bird shoppers also received S$10 vouchers which were quickly put to good use inside the 241-store mall.
Shoppers can also look forward to shops like bookstore Kinokuniya which opened its first branch here in 14 years.
The mall did not open as scheduled early this week after the Singapore Civil Defence Force said it did not receive safety applications for some of the 241 units.
Fire safety certificates are necessary for commercial premises and their units to operate.
Source: Channel NewsAsia
Friday, 14 June 2013
News Extract: 14 June 2013
LTA completes dedicated cycling path network in Tampines
Tampines is now the first HDB town to have a complete network of dedicated cycling paths linking up the estate.
SINGAPORE: Tampines is now the first HDB town to have a complete network of dedicated cycling paths linking up the estate.
As part of the National Cycling Plan, the Land Transport Authority (LTA) has completed a 6.9-kilometre cycling path in Tampines.
Together with the cycling paths constructed by the Tampines Town Council and park connectors by the National Parks Board, Tampines residents will now be able to enjoy riding on a total of 11.3 kilometres of cycling paths to key local amenities such as the MRT station and town centres.
So far, there are plans to build dedicated cycling paths for nine towns as well as Marina Bay.
Parliamentary Secretary for Transport, and chairman of the Pedestrian and Cyclist Safety Committee, Associate Professor Muhammad Faishal Ibrahim, witnessed the completion of the cycling path network in Tampines.
He said: "The completion of the dedicated cycling path network in Tampines Town celebrates a key goal outlined in our National Cycling Plan. We hope dedicated cycling paths will create a safe environment for cyclists of all competencies."
Chairperson of the Tampines Cycling Town Committee and Tampines GRC MP, Irene Ng, said: "We are delighted that Tampines is the first HDB town to have such an extensive cycling path network within the estate.
"The completion of this 6.9km dedicated network by LTA is another major milestone in our efforts to transform the compact town into a cycle-friendly town.
"Our aim in Tampines is to integrate cycling as part of our local transport system via a seamless network of dedicated cycling paths, shared footpaths and park connectors.
"We will continue to work closely with the LTA and the Tampines Town Council to expand our cycling infrastructure so that residents can use bicycles to get about easily within the town, and to cycle safely with consideration for others."
She added: "The Tampines Town Council will be building a new one-kilometre length of cycling path linking to our very popular Tampines Round Market and also all the busy coffee shops along Tampines Street 11.
"This will make it easier for our residents, so now they can do it in a manner that is safe, cycling on their own cycling paths."
LTA said that besides Tampines, it is also making good progress in other HDB towns.
LTA will complete the network of dedicated cycling paths in Sembawang by the third quarter of 2013.
The cycling path networks in Changi-Simei, East Coast, Jurong Lake District, Pasir Ris, Punggol Eco-Town, Taman Jurong and Yishun are also planned for completion by 2015.
LTA also expects to complete 2.5 kilometres of the cycling path network in Marina Bay by the end of this year.
Meanwhile, to encourage safe cycling, LTA has produced a safe cycling guide book.
Called "Your Guide to Intra-Town Cycling", it is part of on-going outreach efforts to educate and inculcate safe cycling habits among cyclists.
Packed with visuals, the guide caters to cyclists of all age groups and provides them with essential tips on what they can do to ensure a safe riding journey.
The guide will be distributed to the public during cycling-related community events held in the cycling towns.
LTA will also make a copy of the guide available online on its website www.lta.gov.sg.
To better alert motorists to the presence of cyclists on the road, LTA has updated the design of the "Cyclists Ahead" signs that are installed along popular on-road cycling routes such as Mandai Road.
Compared to the previous black and white sign, the new design is more striking in bold yellow and red.
It also has an additional advisory "Slow" message to inform motorists to slow down when they spot cyclists ahead of them.
LTA worked closely with the Safe Cycling Task Force (SCTF) and the Singapore Cycling Federation (SCF) to refresh the signs.
The new signs have since been installed along Yishun (Avenue 6/Avenue 7) and along Tanjong Rhu Road.
LTA said it will progressively replace the signs along other cycling routes from July 2013.
Source: Channel NewsAsia
Together with the cycling paths constructed by the Tampines Town Council and park connectors by the National Parks Board, Tampines residents will now be able to enjoy riding on a total of 11.3 kilometres of cycling paths to key local amenities such as the MRT station and town centres.
So far, there are plans to build dedicated cycling paths for nine towns as well as Marina Bay.
Parliamentary Secretary for Transport, and chairman of the Pedestrian and Cyclist Safety Committee, Associate Professor Muhammad Faishal Ibrahim, witnessed the completion of the cycling path network in Tampines.
He said: "The completion of the dedicated cycling path network in Tampines Town celebrates a key goal outlined in our National Cycling Plan. We hope dedicated cycling paths will create a safe environment for cyclists of all competencies."
Chairperson of the Tampines Cycling Town Committee and Tampines GRC MP, Irene Ng, said: "We are delighted that Tampines is the first HDB town to have such an extensive cycling path network within the estate.
"The completion of this 6.9km dedicated network by LTA is another major milestone in our efforts to transform the compact town into a cycle-friendly town.
"Our aim in Tampines is to integrate cycling as part of our local transport system via a seamless network of dedicated cycling paths, shared footpaths and park connectors.
"We will continue to work closely with the LTA and the Tampines Town Council to expand our cycling infrastructure so that residents can use bicycles to get about easily within the town, and to cycle safely with consideration for others."
She added: "The Tampines Town Council will be building a new one-kilometre length of cycling path linking to our very popular Tampines Round Market and also all the busy coffee shops along Tampines Street 11.
"This will make it easier for our residents, so now they can do it in a manner that is safe, cycling on their own cycling paths."
LTA said that besides Tampines, it is also making good progress in other HDB towns.
LTA will complete the network of dedicated cycling paths in Sembawang by the third quarter of 2013.
The cycling path networks in Changi-Simei, East Coast, Jurong Lake District, Pasir Ris, Punggol Eco-Town, Taman Jurong and Yishun are also planned for completion by 2015.
LTA also expects to complete 2.5 kilometres of the cycling path network in Marina Bay by the end of this year.
Meanwhile, to encourage safe cycling, LTA has produced a safe cycling guide book.
Called "Your Guide to Intra-Town Cycling", it is part of on-going outreach efforts to educate and inculcate safe cycling habits among cyclists.
Packed with visuals, the guide caters to cyclists of all age groups and provides them with essential tips on what they can do to ensure a safe riding journey.
The guide will be distributed to the public during cycling-related community events held in the cycling towns.
LTA will also make a copy of the guide available online on its website www.lta.gov.sg.
To better alert motorists to the presence of cyclists on the road, LTA has updated the design of the "Cyclists Ahead" signs that are installed along popular on-road cycling routes such as Mandai Road.
Compared to the previous black and white sign, the new design is more striking in bold yellow and red.
It also has an additional advisory "Slow" message to inform motorists to slow down when they spot cyclists ahead of them.
LTA worked closely with the Safe Cycling Task Force (SCTF) and the Singapore Cycling Federation (SCF) to refresh the signs.
The new signs have since been installed along Yishun (Avenue 6/Avenue 7) and along Tanjong Rhu Road.
LTA said it will progressively replace the signs along other cycling routes from July 2013.
Source: Channel NewsAsia
Thursday, 13 June 2013
News Extract: 13 June 2013
Private bus operators invited to submit cost proposals for 9 new City Direct services
Nine new City Direct bus services are being planned, linking the Central Business District with housing estates such as Ang Mo Kio, Bedok, Bukit Batok, Eunos, Hougang, Jurong East, Sembawang, Sengkang and West Coast.
SINGAPORE: Nine new City Direct bus services are being
planned, linking the Central Business District with housing estates
such as Ang Mo Kio, Bedok, Bukit Batok, Eunos, Hougang, Jurong East,
Sembawang, Sengkang and West Coast.
The Land Transport Authority (LTA) said these new bus services will be launched progressively from January 2014 to the second quarter of 2014.
It has called for tender, inviting private bus operators to submit their cost proposals to operate these new bus services.
The new services are part of the Bus Service Enhancement Programme.
With limited stops and the use of expressways, journey time would be comparable to taking a connecting bus or LRT service and transferring to the MRT into the city.
For a start, all nine new City Direct services will make two one-way trips on weekday mornings into the city and two one-way trips back to the housing estates in the evenings.
The bus services will operate on weekday peak periods excluding public holidays.
LTA said the move is in line with the transport minister's announcement at the Committee of Supply 2013 to tap the resources of private bus operators to run more City Direct bus services to augment the resources of the public transport operators.
Meanwhile, the first City Direct Bus Service, between Jurong West and the city, has been awarded to private bus operator ComfortDelGro Bus Pte Ltd.
It will start operating in September 2013.
Source: Channel NewsAsia
The Land Transport Authority (LTA) said these new bus services will be launched progressively from January 2014 to the second quarter of 2014.
It has called for tender, inviting private bus operators to submit their cost proposals to operate these new bus services.
The new services are part of the Bus Service Enhancement Programme.
With limited stops and the use of expressways, journey time would be comparable to taking a connecting bus or LRT service and transferring to the MRT into the city.
For a start, all nine new City Direct services will make two one-way trips on weekday mornings into the city and two one-way trips back to the housing estates in the evenings.
The bus services will operate on weekday peak periods excluding public holidays.
LTA said the move is in line with the transport minister's announcement at the Committee of Supply 2013 to tap the resources of private bus operators to run more City Direct bus services to augment the resources of the public transport operators.
Meanwhile, the first City Direct Bus Service, between Jurong West and the city, has been awarded to private bus operator ComfortDelGro Bus Pte Ltd.
It will start operating in September 2013.
Source: Channel NewsAsia
Wednesday, 12 June 2013
News Extract - 12 June 2013
J Gateway sets price record for homes outside central core region
An upcoming private residential project, J Gateway at Jurong East, looks set to shatter price records for suburban homes.
SINGAPORE: An upcoming private residential project, J Gateway at Jurong East, looks set to shatter price records for suburban homes.
According to property agents, the selling price for units ranges between S$1,400 and S$1,650 per square foot.
J Gateway is tipped to be the "hottest project launch" by property agents, but units will not come cheap.
According to a marketing mailer from agents, a one-bedroom unit is priced at S$1,650 per square foot. Larger three- and four-bedroom suites cost about S$1,450 psf.
Analysts said it works out to an average price of about S$1,550 psf for the project - a new benchmark for homes outside core central region.
Alice Tan, associate director and head of consultancy and research at Knight Frank, said: “Along with the increase in property prices islandwide as well as the low interest rate environment, private property in the suburban areas has already crossed S$1,200 to S$1,300 psf in some areas. For J Gateway to be priced at such a level, it would be something that is beyond the normal price range for the suburban region. So, price quantum will still be a key consideration for home buyers, whereby a price level of above S$1.2 million could be a stretch for many middle-income home buyers."
Alan Cheong, research head at Savills Singapore, said: "In the initial years of buying anything like this where you are buying at benchmark prices, the key is to make sure that you survive paying your mortgage for at least 10 years, that means you have to do your sums, whether you have the reserves, whether you think that you can keep your job for the next 10 years."
J Gateway is located near Jurong East MRT station and several new retail and commercial projects.
Property agents said the showflat is due to open from 15 to 26 June for viewing. Preview sales of the project are expected to start on 28 June.
Analysts said the take-up rate for J Gateway will be closely watched to gauge demand and whether it will push home prices up.
Prices of some new suburban condos have risen in the past months. According to Knight Frank, Urban Vista at Tanah Merah has an average price of S$1,482 psf while The Trilinq at Clementi was launched in March 2013 at a median price of S$1,513 psf for the 106 units sold in that month.
Ms Tan said: "The increase in property prices in tandem with benchmark prices being set by these new projects has to correlate with robust market fundamentals such as healthy income growth and sustained affordability, within reach especially by local home buyers. So if the increase in property prices goes beyond market fundamentals, I think there could be an inevitable correction down the road, especially when buying sentiments wane and market conditions decline."
Market watchers said there could also be some spillover effect on resale prices in the Jurong East area. For example, when units at Lakefront Residences were sold at above S$1,000 psf in 2010, analysts said it lifted resale prices in the Lakeside area by some 16 percent from 2010 to 2011.
The next project to look out for is probably Keppel Land's new development at Kim Tian Road.
Knight Frank forecasted units could potentially be sold at an average of S$2,000 to S$2,200 psf, possibly setting a new record price for 99-year leasehold private homes in the city fringe.
Analysts said there are presently no 99-year leasehold projects in the city fringe with a launch price that is higher than S$2,000 psf.
Knight Frank said the highest launched price achieved for suburban project in the 2012-2013 period was S$1,768 psf at Echelon in December 2012.
Source: Channel NewsAsia
J Gateway is tipped to be the "hottest project launch" by property agents, but units will not come cheap.
According to a marketing mailer from agents, a one-bedroom unit is priced at S$1,650 per square foot. Larger three- and four-bedroom suites cost about S$1,450 psf.
Analysts said it works out to an average price of about S$1,550 psf for the project - a new benchmark for homes outside core central region.
Alice Tan, associate director and head of consultancy and research at Knight Frank, said: “Along with the increase in property prices islandwide as well as the low interest rate environment, private property in the suburban areas has already crossed S$1,200 to S$1,300 psf in some areas. For J Gateway to be priced at such a level, it would be something that is beyond the normal price range for the suburban region. So, price quantum will still be a key consideration for home buyers, whereby a price level of above S$1.2 million could be a stretch for many middle-income home buyers."
Alan Cheong, research head at Savills Singapore, said: "In the initial years of buying anything like this where you are buying at benchmark prices, the key is to make sure that you survive paying your mortgage for at least 10 years, that means you have to do your sums, whether you have the reserves, whether you think that you can keep your job for the next 10 years."
J Gateway is located near Jurong East MRT station and several new retail and commercial projects.
Property agents said the showflat is due to open from 15 to 26 June for viewing. Preview sales of the project are expected to start on 28 June.
Analysts said the take-up rate for J Gateway will be closely watched to gauge demand and whether it will push home prices up.
Prices of some new suburban condos have risen in the past months. According to Knight Frank, Urban Vista at Tanah Merah has an average price of S$1,482 psf while The Trilinq at Clementi was launched in March 2013 at a median price of S$1,513 psf for the 106 units sold in that month.
Ms Tan said: "The increase in property prices in tandem with benchmark prices being set by these new projects has to correlate with robust market fundamentals such as healthy income growth and sustained affordability, within reach especially by local home buyers. So if the increase in property prices goes beyond market fundamentals, I think there could be an inevitable correction down the road, especially when buying sentiments wane and market conditions decline."
Market watchers said there could also be some spillover effect on resale prices in the Jurong East area. For example, when units at Lakefront Residences were sold at above S$1,000 psf in 2010, analysts said it lifted resale prices in the Lakeside area by some 16 percent from 2010 to 2011.
The next project to look out for is probably Keppel Land's new development at Kim Tian Road.
Knight Frank forecasted units could potentially be sold at an average of S$2,000 to S$2,200 psf, possibly setting a new record price for 99-year leasehold private homes in the city fringe.
Analysts said there are presently no 99-year leasehold projects in the city fringe with a launch price that is higher than S$2,000 psf.
Knight Frank said the highest launched price achieved for suburban project in the 2012-2013 period was S$1,768 psf at Echelon in December 2012.
Source: Channel NewsAsia
News Extract - 12 June 2013
More than 1,450 weekly trips to be added on Sengkang & Punggol LRT systems
Public transport operator SBS Transit is boosting its services for the Punggol and Sengkang Light Rail Transit systems. Starting from Monday, June 24, it is adding more than 1,450 trips weekly.
SINGAPORE: Public transport operator SBS Transit is boosting its services for the Punggol and Sengkang Light Rail Transit (LRT) systems.
Starting from Monday, June 24, it is adding more than 1,450 trips weekly.
This is to cater to growing demand.
More trips will be added throughout the day, during peak and non-peak periods, and also during weekends.
For peak hours, this will mean an additional 45 train trips weekly, from 6am to 9.30am on weekdays for the Punggol East network.
This is expected to reduce waiting time by up to two minutes.
From 8.30pm to 9.30pm on weekdays, another 24 trips will be added weekly, cutting the waiting time by up to three minutes.
On the Sengkang East network, 120 more train trips weekly will be added from 6am to 9.30am on weekdays and 80 additional trips between 8.30pm and 9.30pm on weekdays.
On the Sengkang West network, there will be 60 more trips weekly from 6am to 9.30am, and 15 new trips between 8.30pm and 9.30pm on weekdays.
Source: Channel NewsAsia
This is to cater to growing demand.
More trips will be added throughout the day, during peak and non-peak periods, and also during weekends.
For peak hours, this will mean an additional 45 train trips weekly, from 6am to 9.30am on weekdays for the Punggol East network.
This is expected to reduce waiting time by up to two minutes.
From 8.30pm to 9.30pm on weekdays, another 24 trips will be added weekly, cutting the waiting time by up to three minutes.
On the Sengkang East network, 120 more train trips weekly will be added from 6am to 9.30am on weekdays and 80 additional trips between 8.30pm and 9.30pm on weekdays.
On the Sengkang West network, there will be 60 more trips weekly from 6am to 9.30am, and 15 new trips between 8.30pm and 9.30pm on weekdays.
Source: Channel NewsAsia
News Extract - 12 June 2013
HDB to develop new modelling tool
The Housing and Development Board (HDB) said Wednesday it is developing a new modelling tool aimed at improving its approach towards town planning.
SINGAPORE: The Housing and Development Board (HDB) said Wednesday it is developing a new modelling tool aimed at improving its approach towards town planning.
The board will be doing so in
collaboration with two leading European companies -- Electricite de
France (EDF) and Veolia Environnement Recherche et Innovation (VERI).
An agreement for this will be signed in Bilbao, Spain on Friday during the World Cities Summit Mayors Forum.
The board said the new tool will benefit future residents in new towns such as Punggol, Bidadari, Tampines North and Tengah.
The computer modelling tool has the ability to simulate various built environments and recommend an optimal scenario to meet the desired outcome of a living environment.
The board said this is particularly useful for town planners in land scarce Singapore.
"The tool will reduce the risk of physical trial and error by providing a virtual platform for testing a planned environment before developments are actually implemented," it said.
Besides simulating and modelling 'hardware' initiatives, the research collaboration will also look into understanding the behaviour of residents.
This is because residents' behaviour can have a significant impact on how towns are designed, said the board.
The WCS Mayors Forum, co-organised by Singapore's Centre for Liveable Cities (CLC) and the Urban Redevelopment Authority (URA) will be held from 13 to 15 June.
Source: Channel NewsAsia
An agreement for this will be signed in Bilbao, Spain on Friday during the World Cities Summit Mayors Forum.
The board said the new tool will benefit future residents in new towns such as Punggol, Bidadari, Tampines North and Tengah.
The computer modelling tool has the ability to simulate various built environments and recommend an optimal scenario to meet the desired outcome of a living environment.
The board said this is particularly useful for town planners in land scarce Singapore.
"The tool will reduce the risk of physical trial and error by providing a virtual platform for testing a planned environment before developments are actually implemented," it said.
Besides simulating and modelling 'hardware' initiatives, the research collaboration will also look into understanding the behaviour of residents.
This is because residents' behaviour can have a significant impact on how towns are designed, said the board.
The WCS Mayors Forum, co-organised by Singapore's Centre for Liveable Cities (CLC) and the Urban Redevelopment Authority (URA) will be held from 13 to 15 June.
Source: Channel NewsAsia
My Achievement
Super happy to be able to be in position #80 for Q1 2013!
Although it is just a tiny achievement in the eyes of many other people but it means a great deal to me. It is really not an easy feat to be in the top 300 among Powerful Negotiators elite strength of 16xx agents.
Thank you to all my valued clients and friends for supporting and giving me a chance to have this achievement.
Cheers,
Rachael Tan
Although it is just a tiny achievement in the eyes of many other people but it means a great deal to me. It is really not an easy feat to be in the top 300 among Powerful Negotiators elite strength of 16xx agents.
Thank you to all my valued clients and friends for supporting and giving me a chance to have this achievement.
Cheers,
Rachael Tan
Condo - J Gateway
The ripple effect on Jurong is starting with this mega launch!
Are you still sitting on the fence undecided?
Or are you ready to ride on the waves to bring your property investment and portfolio to greater heights?
Read on and if you decide that you are not going to miss out this great development, join me to view the showflat this coming weekend.
Cheers,
Rachael 9090 1288
Condo - J Gateway: Possibly the one and only full residential site in Jurong Gateway!
Unveiling J Gateway 嘉逸轩 By MCL Land!
(Tentively Preview 28 June 13)
A NEW LIFE in a NEW CITY !
LIVE WORK & PLAY !
Tuesday, 11 June 2013
Condo - Three 11 @ Thomson Road
Three 11
Thomson
(Former Jasmine
Court)
Target VVIP Preview Date: 22th June
2013
Prices start from
$8xxK
THREE 11
THOMSON - A total new 5 storey development compries of 65
apartments located at Upper Thomson Road, opposite Thomson Plaza, which was
formerly Jasmine Court. It is within walking distance to future Upper Thomson
MRT where you will enjoy unrivaled convenience in terms of transportation. it is
conveniently located near to top schools like Ai Tong School (within 1 km) and
Raffles Institution which makes it a good choice for parents looking for school
placement.
- Freehold Upcoming Residential Development In District 20
- Site Area of 36,854 sqft
- Near Future Thomson MRT Station
- 15 minutes drive to CBD via Upper Thomson Road
- A stone’s throw to Thomson Plaza
- Minutes from host of amenities available at Junction 8
- Within 1km
from Ai Tong School
Estimated Price Range1brm: $850k - $950k2brm: $1.0Xm - $1.2Xm3brm: $1.5Xm - $1.6XmPenthouse Units2brm: $1.3Xm2+Study: $1.6Xm3brm: $1.6Xm - $1.7Xm3+Study: $2.1Xm - $2.3Xm
News Extract - 11 June 2013
Fewer applicants for BTO flats under Parenthood Priority Scheme in May
According to the Housing and Development Board (HDB), the scheme's applicants made up 14 per cent of BTO flat supply.
SINGAPORE: Almost all first-time flat applicants who are married with young children under the age of 16 or expecting a child can select a Build-To-Order (BTO) flat if they applied under the HDB May sales exercise.
There were 4,900 BTO flats on offer in five non-mature towns.
Under the Parenthood Priority Scheme (PPS), 30 per cent of BTO flats are set aside for first-time married couples with young children.
And for the first time, this priority is also extended to first-time married couples who are expecting a child.
According to the Housing and Development Board (HDB), the scheme's applicants made up 14 per cent of BTO flat supply.
This is lower than the previous two sales exercises in January and March, where applicants made up about 30 per cent of supply.
One in five applicants under the scheme this time are first-time married couples expecting a child.
Overall, the May exercise saw possibly a record low application rate, with about one applicant per flat.
But for the Sale of Balance Flats exercise, some 3,100 flats were on offer and half of these were set aside under the Parenthood Priority Scheme.
There were more than double the number of applicants than the number of flats offered.
Applicants of the scheme made up 119 per cent of the supply.
Overall, there were about seven applicants for each unit on offer.
Two other new schemes which provided more help for second-time divorcees and widows with young children, as well as the elderly, also kicked in during the May exercise.
All those who applied under the scheme should also be able to get a flat.
HDB doubled the quota of 2-room and 3-room BTO flats for second-timers in non-mature estates from 15 to 30 per cent.
Out of the 30 per cent quota, five per cent is set aside for second-time applicants who are divorced or widowed with children below 16 years old.
A total of 21 second-timers who are widowed or divorced applied for about 157 two- and three-room flats allocated to them under the scheme.
The other new scheme is the Studio Apartment Priority Scheme.
Half of the studio apartment supply is set aside for elderly applicants right-sizing to a studio apartment near their current home, or buying one near their married children.
Applications under the scheme formed about 17 per cent of the 292 studio apartments on offer under the BTO exercise.
As for the Sale of Balance flats exercise, which had 602 studio apartments on offer, applications made up 150 per cent.
Source: Channel NewsAsia
News Extract - 11 June 2013
New parallel bus service to connect Woodlands to CBD
Public transport operator SMRT said Tuesday it will roll out a new parallel bus service to connect Woodlands to the Central Business
District (CBD).
SINGAPORE: Public transport operator SMRT said Tuesday
it will roll out a new parallel bus service to connect Woodlands to the
Central Business District (CBD).
Service 951E, which will begin
operations on 17 June, is the 12th bus service to be rolled out under
the Land Transport Authority's Bus Service Enhancement Programme.
A joint SMRT-LTA statement said the new service will provide greater connectivity and an alternative travel option between Woodlands and the CBD in the morning and evening peak-hours of the work week.
Service 951E will operate two one-way trips on weekday mornings at 7.30am and 7.45am from Woodlands Street 82, Woodlands Avenue 4 and Woodlands Avenue 1 to areas within the CBD including Orchard Road, Bras Basah Road, Nicoll Highway, Collyer Quay, Raffles Quay and Shenton Way.
On weekday evenings, two one-way trips at 6.15 pm and 6.30 pm will connect commuters from areas including Anson Road, Collyer Quay, Fullerton Road, Esplanade Drive, Stamford Road, Orchard Road and Penang Road to Woodlands.
More information on the new service may be found at SMRT's website.
A joint SMRT-LTA statement said the new service will provide greater connectivity and an alternative travel option between Woodlands and the CBD in the morning and evening peak-hours of the work week.
Service 951E will operate two one-way trips on weekday mornings at 7.30am and 7.45am from Woodlands Street 82, Woodlands Avenue 4 and Woodlands Avenue 1 to areas within the CBD including Orchard Road, Bras Basah Road, Nicoll Highway, Collyer Quay, Raffles Quay and Shenton Way.
On weekday evenings, two one-way trips at 6.15 pm and 6.30 pm will connect commuters from areas including Anson Road, Collyer Quay, Fullerton Road, Esplanade Drive, Stamford Road, Orchard Road and Penang Road to Woodlands.
More information on the new service may be found at SMRT's website.
Extracted from Channel NewsAsia
Saturday, 1 June 2013
The Best Savings Plan - Real Estate
Are you still timing the market to buy to get the best deal?
Do you wonder why are people still buying despite you feel that prices are on the high side now?
That is because....
People are still confident to use Real Estate to Grow their wealth as this is the BEST SAVING PLAN!!
Are you are curious about what I meant by saving plan?
Feel free to meet up with me so that I can share more with you.
- Rachael Tan 9090 1288
Resale home prices rise as cooling measures lose sting
RESALE homes in Singapore changed hands at higher prices
The Straits Times - May 29, 2013
By: Fiona Chan
By: Fiona Chan
RESALE homes in Singapore changed
hands at higher prices last month, as buyers returned to the property
market after being spooked by cooling measures earlier this year.
Prices
of resale homes rose 1.9 per cent last month over March, picking up
speed from March's 1.1 per cent increase over February, according to the
latest Singapore Residential Price Index (SRPI) released yesterday.
Suburban
and smaller homes enjoyed the steepest price gains, while homes in the
central area - Districts 1 to 4 and 9 to 11 - continued to rise in price
but at a slower pace, the index showed.
Property consultants said the gains may indicate that the impact of January's curbs on home purchases is tapering off.
Describing
the overall price hike last month as "quite substantial", R'ST Research
director Ong Kah Seng said buying interest for resale properties "might
be recovering" from the hit it took after the cooling measures.
Buyers
looking for a second or subsequent property - which is subject to an
additional stamp duty tax under January's curbs - are likely to opt for a
resale property rather than buying a new unit directly from a
developer, he added.
"A resale property is generally a lower-cost alternative, which will mean a lower additional stamp duty, and yet it can bring immediate rental income," he said. The additional stamp duty is a percentage of the home's price.
The
National University of Singapore (NUS), which compiles the SRPI based
on a basket of completed non-landed homes, said yesterday that January's
cooling measures "apparently had only a temporary effect" on home prices.
Although
the number and prices of homes sold fell in February after the curbs
kicked in, they have recovered since then, supported by continued demand
for suburban homes, NUS said. It added that prices have become more
volatile after the latest measures, the seventh round since 2009.
"It is unclear that the seventh instalment of the cooling measures, described as the most comprehensive to date, has had the desired impacts of mitigating house price inflation," it said.
The
SRPI showed that properties outside the central region led the gains
last month. Prices jumped 2.4 per cent last month from March, reversing
the 0.2 per cent fall in the previous month.
Small units of 506 sq ft or less also climbed in price at a faster rate: 1.8 per cent last month, up from 0.8 per cent in March.
The
prices of centrally located homes rose less quickly last month. They
went up 1.3 per cent, compared to a 2.8 per cent increase in March.
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