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$42m for a car park: Can car parks be an investment in Singapore? - Vimarsana News

$42m for a car park: Can car parks be an investment in Singapore?

July 03, 2021 Stackedhomes As far as property investments go, car parks are one of the most mysterious. There are few strata-titled car parks in the country today, and it’s believed the last of them were built around the 1980s. And yet, three such car parks have been sold since 2020; and the latest offering is a $42 million multi-storey car park at People’s Park Complex (or $57,000 per car park lot). Here’s what an aspiring investor might want to know about them: A recent slew of car parks up for sale Since end-2020, three strata-titled car parks have been sold. These are:

6 bad property advice to avoid in Singapore - Vimarsana News

6 bad property advice to avoid in Singapore

Bad property advice can come from the best of intentions; but that doesn’t change the financial damage it can cause. Most forms of “bad” property advice aren’t malign. It’s just that they’re oversimplified, or just plain outdated. From obsessing over the lowest price per square foot to assumptions of positive cash flow, we’ve picked out some of the common bits...

Midwood condominium review: Small but efficient units amidst nature - Vimarsana News

Midwood condominium review: Small but efficient units amidst nature

Midwood Condo insider tour The Hillview estate of 2021 is a far cry from its original beginnings. Up till the 1980s, it was an industrial zone for many MNCs, including the likes of Cycle & Carriage, Castrol Oil, and the Old Ford Factory, which is the only remaining structure of Hillview’s seemingly distant past. Midwood marks yet another new entrant into an area populated by large yesteryear condos such as Hillview Green, The Dairy Farm, and Glendale Park. Its location is just beside the newest condos in the area, The Hillier and Kingsford Hillview Peak, which TOP-ed in 2016 and 2017 respec...

Selarang Park Complex taps tech to manage inmates - Vimarsana News

Selarang Park Complex taps tech to manage inmates

The New Paper Selarang Park Complex taps tech to manage inmates Minister for Law and Home Affairs K. Shanmugam (second from left) touring Selarang Park Complex during its official opening yesterday. PHOTO: SINGAPORE PRISON SERVICE Inmates need only to scan wrist tags and faces to access areas, without being escorted by prison officers DOMINIC LOW 0 Engagements Unlike what is standard procedure for those imprisoned elsewhere in Singapore, inmates at the Selarang Park Complex do not have to be escorted by prison officers to access several areas there. For example, they only have to scan their w...

Source: tnp.sg
5 spacious 3-bedder condo units for families that need space (under $1.5m) - Vimarsana News

5 spacious 3-bedder condo units for families that need space (under $1.5m)

Notable highlights: Golden Mile Complex elicits a strong love-it-or-hate-it reaction. Some Singaporeans consider it shabby and run down, others consider it a historical landmark. So far, the latter seems to be winning, as Golden Mile is up for conservation . Golden Mile was one of the first mixed-used developments in Singapore, next to People’s Park Complex (in fact the same architectural firm, DP Architect, is behind both developments). Today it’s also known as “Little Thailand”, because of its popularity among Thai nationals, and also for its bus terminal with services into Malays...