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When it comes to landed properties, the truth is that the overwhelming demand is for freehold homes. But in 2022, with interest rates, as well as private homes, soaring, that may simply be impractical or unaffordable for most buyers So if your interest is on genuine home ownership, and not so much investment, then perhaps you should really consider leasehold. ....
With home prices at record highs, resale condos are back in the spotlight. None more so than newly Minimum Occupancy Period (MOP)-ed Executive Condominiums (ECs), which are at least halfway to full privatisation. There are a couple of things to note, however: An EC is regarded as a private property once it achieves its five-year MOP, so buyers purchasing it. ....
HDB will offer 3,520 flats across seven projects in one mature and four non-mature estates in the November 2021 BTO sales launch. The Jurong West BTO will be one of the three projects to be launched in the west, with 220 units of 3-room and 4-room flats. Project name: To be announced Location: Jurong West Street 93 Classification: Non-mature estate. ....
Notable highlights: The Floravale has huge units, as is typical of 20+ year-old condos. Most notably, its 3+1 room configurations go up to a whopping 2,303 sq.ft., and this development has 4-bedders reaching up to 2,746 sq. ft. Yet at an average price of $656.90, one of the gigantic 2,746 sq.ft. units would only fall at around $1.8 million. Along with its proximity to many schools, Floravale could be a value buy for larger families living in the west. In terms of location, the Floravale is convenient to a specific group of buyers. If you make a lot of trips into Malaysia, for example, Floravale is one of the few properties close to Tuas Link MRT and the Tuas Checkpoint (about a 14-minute drive). ....
KUALA LUMPUR (Jan 12): Hap Seng Consolidated Bhd is buying three adjoining parcels of industrial land with buildings in Labuan for a total of RM205.25 million. “The proposed acquisition in the Federal Territory of Labuan represents a long-term strategic investment opportunity of a servicing centre supporting the offshore oil and gas industry in the region,” said Hap Seng Consolidated in a filing to Bursa Malaysia yesterday. The land, with a lease tenure of 20 years and expiring on March 31, 2032, has a total rental income per month of RM537,200. Based on the said purchase consideration and rental income of both the said lands, of which 100% of the total land area has been leased out, and the said buildings, of which 65% of the total net lettable area has been leased out, the current average gross yield is 5.1% per annum. ....