When it comes to new launch prices, most Singaporeans are quick to pick up on the most obvious factors like land scarcity, agent commissions, or developer stamp duties. However, one factor that often slips under the radar – and that many Singaporeans have never even heard of – is the development charge, or DC, but now newly known as Land.
The collective sale of Chuan Park may be the biggest en-bloc deal since Tulip Garden, back in 2019. Despite the final offer being under the reserve price, it seemed things were about to go smoothly; but now, a group of owners has filed objections with the Strata Titles Board (STB) over a failure to disclose material facts. Here are a.
Usually, when we read about en bloc deals or collective sales, we learn that the property has been around for decades. They are usually built in the 1970s, 80s or 90s, so after many years of wear and tear, the building and/or land they sit on is ripe for redevelopment after 30 to 50 years. We’ve covered some, such as.
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With travel opening up to most countries, and restrictions being lifted (we can finally walk around outside without masks), it does seem that we are over the worst of Covid-19. But as compared to 2021, it’s been a quieter time in the property market. While we do have recent launches like LIV@MB and Amo Residence, there definitely has been less.