For Sale – Tampines Court (Condo, 4Br)

For Sale - Tampines CCourt (Condo, 4Br)

For Sale – Tampines CCourt (Condo, 4Br)

GTA United @ Tampines

– Rare 3+1 Maisonette, 1689 sqft.
– High floor, unblocked;
– Bright and breezy;
– Near amenities, schools, and market;

URL : http://goo.gl/EFwmWR

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For more info, please contact:
Paul de Leon
Dennis Wee Realty Pte Ltd
CEA Reg. No.: R019100D
Mobile: +65 8180 4136
Email: pauldeleon@dwg.com.sg

 

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Strikingly Creative Apartment Remodel in Taipei

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Archlin Studio sent us (Houzz) photos and information depicting an inspiring apartment remodel in Yangming National Park,Taipei, Taiwan. The apartment has an amazing view of picturesque Mt. Shamao from its windows but it was very heavily partitioned by either walls or columns that obstructed the line of sight to the windows from most parts of the house. “We knew right away that the biggest asset of the apartment is its natural surroundings and the mission is therefore to come up with a design that connects the natural space outside with the internal space and maximize the amount of point of sights from the house to the windows and in return maximizing the amount of natural light permeating through the apartment“, explained the designers.

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To overcome the previously fragmented pockets of restrictive spaces, the studio removed the solid walls in the living area and built movable see-through bookcases between the study and the kitchen. The additions effectively define the spaces without closing off one from another. Similar strategies are implemented in the two bedrooms at the back of the apartment. Sliding timber veneer panels are used to substitute traditional solid doors between the two bedrooms to introduce flexibility in the configuration of the sleeping areas.
Low key color tones and natural interior materials such as timber veneer and natural stones combine to design an apartment that fits comfortably in its tranquil surrounds. Be sure to check out the before&after photos uploaded at the end of this post for a better understanding of the project!

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Source : http://freshome.com/2015/02/26/strikingly-creative-apartment-remodel-in-taipei-before-after-photos/

 

Property Update (27 February 2015)

First Up, “The World’s Fastest-Growing Economies This Year” | bloomberg.com

The world is expected to grow 3.2 percent in 2015 and 3.7 percent next year after expanding 3.3 percent in each of the past two years, according to a Bloomberg survey of economists. China, the Philippines, Kenya, India and Indonesia, which together make up about 16 percent of global gross domestic product, are all forecast to grow more than 5 percent in 2015. Bloomberg’s David Ingles reports on “First Up.”


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Ease stamp duties on high-end properties: REDAS | channelnewsasia.com

SINGAPORE: In its latest call for the Government to scale back on property cooling measures, the Real Estate Developers’ Association of Singapore (REDAS) took aim at the imposition of the Additional Buyers’ Stamp Duties (ABSD) on the high-end real estate market.

Speaking at its Lunar New Year celebration lunch held at Shangri-La Hotel on Friday (Feb 27), REDAS President Augustine Tan said the high-end market is “not a segment the Government needs to safeguard”.

“Not many Singaporeans are buying into this segment, and prices have indeed come down substantially. The imposition of ABSD on this segment runs counter to the Government’s efforts to encourage foreign investment flows into the country, to activate the economy, grow investments and create jobs for Singaporeans,” said Mr Tan.

“Some high net worth foreign investors, who create jobs for Singaporeans and who have many choices of where they want to be from the world over, now feel that they are not welcome in Singapore,” he added.

Turning to vacancy rates, Mr Tan said the estimated supply of more than 75,000 completed private residential homes from 2015 to 2019 will bring the rate to a “new record high”. This will lead to a further slip in home rentals and prices, he said, impacting homeowners and investors. Read more here >>


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Singapore January bank lending dips as commerce, financial loans decline | businesstimes.com.sg

SINGAPORE: Total bank lending in Singapore fell in January from the previous month, as a drop in loans to general commerce and financial institutions offset increases in lending to manufacturers, central bank data showed on Friday.

Loans and advances by domestic banks in the city-state amounted to S$607.47 billion (US$447.89 billion) last month, compared with S$607.91 billion in December, according to data from the Monetary Authority of Singapore.

January bank lending grew 4.3 per cent from S$582.24 billion a year earlier.

Housing and bridging loans in January increased to S$178.27 billion from S$167.33 billion a year earlier. These loans stood at S$177.43 billion in December.

Loans and advances in non-Singapore Asian currencies (ACU) were S$553.65 billion in January, up from S$541.17 billion in December. Read more here >>

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The Implications of China’s Growth Slowdown | thediplomat.com

The once extraordinary rate of Chinese economic growth is slowing. In 2014, China’s GDP grew at an official rate of 7.4 percent, slightly less than the stated goal of 7.5 percent. Although more recently monthly data have been more robust, the trend towards slowing growth seems inexorable.

A decelerating Chinese economy, coming at a time of global economic uncertainty (especially in the eurozone), could have dramatic economic implications throughout the world. However, the repercussions of a Chinese economic slowdown would not be limited to the economic sphere. Given the incredible importance of economic growth to political stability – both within China itself and East Asia in general – adapting to a dampened Chinese economy will be a pivotal challenge in the Asia-Pacific.

While an official GDP growth rate of 7.4 percent would be the envy of most major economies, this figure represents China’s lowest economic growth since 1991. And of course, economic data from China’s National Bureau of Statistics is not completely trusted by all observers. Local officials (and the central government itself) have a vested interest in exaggerating their economic performance. Capital Economics, a London-based research group, monitors the Chinese economy by looking at the five factors of electricity output, freight shipmen, construction, passenger travel, and cargo volume. According to this China Activity Proxy, recent annual growth is closer to 5.7 percent.

Regardless of the statistical specifics of the Chinese slowdown, this development poses some degree of political risk for the Chinese state. For more than two decades economic growth has been the major factor in ensuring political stability in China. Many Westerners forget that the massive protests that rocked Beijing and other Chinese cities in 1989 coincided with the biggest economic crisis of the post-Mao era, with annual inflation of 30 percent leading to panic buying throughout the country. Read more here >>

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Weaker demand from overseas buyers hits London prime property market | propertywire.com

Prime property prices in London fell by 4.3% in the last quarter of 2014 due to weaker demand from international buyers, a new analysis suggests.
This weaker demand is driven by actual and potential tax changes as well as shifts in the relative value of the exchange rate, according to the report from residential data firm Hometrack.

It points out that overseas buyers of prime central London property saw capital values rise by 80% over the last five years. The drop in the value of sterling between 2007and 2009, combined with a 17% fall in property prices made London look very good value to overseas buyers with extremely strong demand in 2009 and 2010.

Changes in currencies have delivered even stronger gains, it explains. Russian buyers have seen the biggest gains on the weakness in the rouble in the last six months.

However, rouble backed buyers who do not already own London property will now find it much more expensive to buy which looks set to impact demand and pricing levels with a drop in prime London prices in the last quarter of 2014. Read more here >>

Getting a Roommate? Ideas for Making Shared Spaces More Comfortable

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By Kate Burt | houzz.com

Here are tips and tricks for dividing your space so everyone gets the privacy they need.

One effect of the recent recession is the rise in live-in landlords. Perhaps you’re one of them, or are considering taking in a housemate. It’s something I did for years, and the experience taught me there’s a knack to planning an interior for adults leading separate lives but living together.

So how do you divvy up a modern home in style to make sure everyone has the space they need, as well as enough privacy? Both are key considerations for domestic comfort, so try these practical but beautiful ideas to help you and your new roommate live in stylish synchronicity.

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Create zones.
In an age of open-plan living, it may not be immediately obvious how to accommodate a new person with their own timetable and social life. Clever zoning is key. Consider how you could rearrange your communal space so it will comfortably accommodate multiple activities and inhabitants working, resting, eating or cooking in harmony.

Look out for small-scale furniture if space is tight — lots of brands now have a dedicated range of compact or flexible pieces. And shop creatively — a small round metal garden table can easily double as an affordable dining or laptop spot for one. Comfy armchairs are good, too, since you may not always feel like sharing the sofa.

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Split your space.
Room dividers can also help to create zones in larger rooms or open-plan spaces to allow different members of the household to do their own thing. These are especially useful if you each have friends over at the same time.

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Boost living room storage.
With that spare room full of your stuff gone, you’ll need to create additional storage in the rest of your home. High-level floating shelving that stretches from wall to wall looks great — painted the same color as the walls, it creates an architectural detail. And it can stash heaps of books, magazine holders and good-looking storage boxes without compromising space.

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Seek out a shelf nook.
Where else could you carve out space for more storage? Look beyond the obvious places to add bookshelves: the littlest room in the house can sometimes pack in a surprising amount of shelf space. This dinky-sized library looks cute, too.

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Make your kitchen multifunctional.
Even a small change, such as adding a sofa to the kitchen, can create two distinct living areas so you and your housemate aren’t on top of each other.

Adding a TV to a little lounging nook is a good idea, too, if you’re not in an open-plan space. It removes the risk of fighting (or nurturing silent resentment) over the remote.

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Create the ultimate bedroom.
If communal space is very limited, it could be worth moving out of the best room in the house and turning it into a luxurious, multi-use space for your housemate. Make it somewhere he or she will want to hang out. Consider how you could incorporate a TV (in the end of the bed, as here?), a desk, a lounging area and even an en-suite or kitchenette.

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Include hardworking furniture.
There are plenty of ways to unlock more space in the smallest of rooms. Here, a headboard becomes a bedside table, storage unit and shelves in one, with space behind for a hanging rail.

When planning your new room or reconfiguring the rest of your home, factor in somewhere for your housemate’s bulkier items to live too. They’re bound to arrive with a suitcase, for example.

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Find space for a desk.
Whether you or your housemate work from home or just need space to catch up with emails and admin on a laptop, stand-alone desk space means you don’t all need to be typing on the sofa, at the kitchen table or in bed.

An old-fashioned bureau that hides desk paraphernalia with a flip of its top can also be handy for work-life separation, especially if the bedroom is the only place for it.

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Shelve your space.
You don’t need a huge home — or, indeed, a stand-alone desk — to make space for a little work perch. Tuck a desk-height shelf into dead space, and breathe life into a previously unloved corner.

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Streamline your social lives.
You’re planning a big dinner party while, unknown to you, your housemate has pencilled in a romantic night at home with his or her partner. Such clashes can cause unnecessary discord. A stylish wall planner or blackboard will help everyone create the space to do their own thing.

Property Update (26 February 2015)

First Look Asia – In Studio, “The Property Brothers” | channelnewsasia.com

Want to fix your home and looking for some renovation tips and ideas? The Property Brothers joined us in studio to explain how they turn nightmare homes into dream ones.

First Look Asia – Real Deal, “Investing Overseas” | channelnewsasia.com

Buying property is a popular form of investment in Asia. But what are the perks and risks when buying overseas? Sean Tan, General Manager, at iProperty.com shared some investment tips and insights on trends to look out for in 2015.

Record number of new home completions this year could show up in higher asset values as well as liabilities on household balance sheet | businesstimes.com.sg

Record number of new home completions this year could show up in higher asset values as well as liabilities on household balance sheet | businesstimes.com.sg

S’pore households’ net worth grows a slower 2.3% | businesstimes.com.sg

SINGAPORE: Growth in Singapore households’ net worth continued to moderate last year as the rise in the value of their financial assets slowed and the aggregate value of residential properties on their balance sheet dipped despite the higher number of dwelling units.

Data released by the Singapore Department of Statistics showed a 2.3 per cent rise in households’ net worth (assets less liabilities) from a year ago to S$1.47 trillion at the end of 2014, easing from a 4.2 per cent rise in 2013 and 8.2 per cent growth in 2012.

As expected, households saw a 1.1 per cent dip in the value of residential property assets to S$819.6 billion, with the main drag coming from public housing.

In line with the drop in HDB resale prices last year, the total value of public housing assets on households’ balance sheet contracted 4.4 per cent to S$394.7 billion – steeper than the 0.7 per cent fall seen in 2013. The steeper fall in value occurred despite a 0.4 per cent increase in HDB households to 965,200 in 2014.

Private housing assets held up better, with their total value on households’ balance sheet up 2.2 per cent at S$425 billion. A 10.8 per cent jump in private property households possibly offset the impact of a 4 per cent drop in private residential prices last year. As at end-2014, there were 231,200 private property households. Read more here >>

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New office space could go as fast as firms seek quality | asiaone.com

SINGAPORE: The surge in the supply of new office space over the next two years is likely to be absorbed fairly quickly as firms want high-quality facilities, property consultancy Cushman & Wakefield said yesterday.

It also noted that the technology sector was quickly becoming one of the biggest drivers of demand.

“Unlike in previous years during boom times, office tenants last year were mainly driven by relocations to better-value propositions in newer buildings, rather than the need to upsize,” said Cushman & Wakefield research head Christine Li.

Calling this trend a “flight to quality”, she said Grade A office rents may climb a further 5 per cent to 6 per cent this year.

Office rents in the Central Business District (CBD) shot up 14 per cent last year, the biggest increase in Asia, according to consultancy JLL. But analysts reckon that a bumper crop of new office completions over the next two years could put a lid on rents. Read more here >>

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Building social inclusiveness through property design | channelnewsasia.com

SINGAPORE: Building rental units next to new Build-to-Order flats and getting real estate students to also study social sciences – some of the ideas raised by Social and Family Development Minister Chan Chun Sing to have more social inclusiveness in Singapore.

Mr Chan was speaking to 50 engineering and real estate students from the National University of Singapore (NUS) and Nanyang Technological University (NTU) at a dialogue on Wednesday (Feb 25).

Homes today provide greater privacy – for instance, common corridors are no longer seen at newer blocks. Flat owners can have greater privacy this way, but it can have social implications, said Mr Chan.

“In short, today’s privacy will be tomorrow’s social isolation,” said Mr Chan.

“That common corridor doesn’t just serve a functional role to allow people to get from the lift lobby or staircase back to their house – it allows mixing, it allows people to get to know their neighbours, it allows people to walk past and greet each other,” he explained.

“When we take away that in the name of privacy, then we have to ask ourselves the next design that we need to incorporate that will allow people to have privacy and at the same time, not create a situation where in 20 to 30 years’ time, we will have an aged population with a social problem.”

Mr Chan said in fostering social interaction, those in the real estate industry have an important role. Developers could consider building different types of flats, including rental units, in a single project to bring together people of different social and economic status. Read more here >>

Property Update (25 February 2015)

Key initiatives in Singapore budget 2015| CNBC.com

Selena Ling, head of Treasury Research & Strategy at OCBC, discusses how initiatives unveiled in Monday’s Jubilee Budget provide assistance to SMEs, senior citizens and lower-income families.

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What will Singapore look like when it’s 100? | eco-business.com

Singapore property developer CapitaLand on Sunday launched a new website calling for ideas on how to make the city-state a safer and greener one in the next 50 years.

This digital platform, called Building Communities – Setting the Stage for Singapore2065, with the hashtag #BuildSG2065, enables citizens to submit images, video, and text on what they think Singapore could be like when it turns 100 years old.

The initiative was launched as part of CapitaLand’s year-long celebrations of the city state’s 50th birthday this year.

Over the next eight weeks, participants can send in ideas on four key topics related to how the city will look and work.

These are ‘Go Green’, which looks at urban sustainability; ‘Smart Spaces’, which fosters ideas on maximising the use of limited land; ‘Space-age Kampungs’, which visualizes innovative technologies for the future; and ‘ Weatherproof World’, which explores the theme of resilience to climate change.

A nightclub that is powered by the kinetic energy of party goers, underwater shopping malls, zero-gravity vertical playgrounds and buildings that float on the sea are some examples put forth by CapitaLand to get the ball rolling.

Close to 80 ideas have been submitted to date, including installing solar energy on every block of flats on the island, cultivating food gardens in housing estates, and developing self-driving cars that can avoid traffic jams.

Every week, the top five ideas with the most ‘likes’ win cash vouchers, while the top 50 ideas at the end of the campaign will be displayed at an exhibition at Singapore’s ArtScience Museum from July to September.

Lim Ming Yan, CapitaLand’s president and group chief executive, said that through this platform, which is developed in partnership with local newspaper The Straits Times, CapitaLand aims to encourage “fellow Singaporeans to share ideas about how buildings, homes, and green spaces can help build a better future for us to live, work, and play in Singapore”. Read more here >>

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Philippine real estate sector to stay strong in 2015 | inquirer.net

The outlook suggests robust growth in the property sector during the last full year of President Aquino’s term, before businesses take a more cautious approach ahead of the election season in 2016.

CBRE Philippines chair and CEO Rick Santos said in a briefing Tuesday that the office sector, in particular, ended strong in 2014 and would likely post further gains in 2015.

Backing this outlook is the continued demand for business process outsourcing services, political stability and positive economic growth indicators, Santos said.

CBRE data showed that vacancy rates in prime Metro Manila office buildings remained under 3 percent. By the end of 2014, the vacancy rate slipped from 2.53 percent to 2.13 percent quarter on quarter, CBRE said. During this period, Metro Manila lease rates grew 2.6 percent.

“Even with the increase in rental rates across all business districts, the good news remains that investors are willing to pay for the quality and value that they can get in the Philippines,” Santos said.

Makati City will continue to lead in terms of office rates, with the average central business district price already hovering at P1,073 a square meter, followed by P848.34 a sqm in Fort Bonifacio and P650.5 a sqm in Pasay City, CBRE data showed. Read more here >>

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Godzilla Hotel Opening in Japan | kotaku.com

I think we can all agree: This room has the best view in Tokyo.

On April 24, the Hotel Gracery in Shinjuku will kick off its grand opening in monster style. Godzilla style.

The 30-story hotel sits atop the Shinjuku’s Toho Cinema (Toho, of course, made the kaiju famous) and features a couple Godzilla-themed chambers.

A huge Godzilla head is being constructed and will peek out of the Toho Cinema’s roof, looking over the Shinjuku streets below.

There’s the appropriately named “Godzilla Room,” which is filled with Godzilla memorabilia, including a large statue of the kaiju as well as the creature’s hand reaching into the room. Below are renderings of the room. Read more here >>

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Australia plans to charge fees to foreigners buying real estate | straitstimes.com

SYDNEY (Reuters/AFP) – Australia plans to charge fees to foreign nationals buying residential property and fine those who break foreign investment laws, in an attempt to improve housing affordability amid some of the world’s highest property prices.

The scheme could raise about A$200 million (S$211 million) a year by charging foreign homebuyers A$5,000 for properties valued under A$1 million and an additional A$10,000 for every additional A$1 million, Treasurer Joe Hockey said on Wednesday. He said a register of foreign nationals buying real estate would be established and those who break the law would face a fine up to a quarter of the value of the property and could be forced to sell.

“Part of the Australian dream is owning your own home and we certainly want the dream to continue,” Prime Minister Abbott told a press conference in Sydney. He said the current rules, under which foreigners are only allowed to buy new dwellings and are barred from purchasing existing residential property, had not been enforced in recent years.

“Under the former (Labor) government, for six years there was not a single legal case against a foreigner buying a home,” he said. “So what we’re on about is ensuring that the long-standing rules are enforced.

“Yes, foreign investment has been very, very good for Australia but it’s got to be the right foreign investment… and it can’t disadvantage Australian home buyers,” he added.

The government is proposing charging an application fee on all foreign investments, similar to a scheme already operating in New Zealand. The charges are likely to be more modest than those in places such as Hong Kong and Singapore, Mr Abbott said. Read more here >>

Property Update (24 February 2015)

Singapore Tax Rates Still Very Competitive: Iswaran | Bloomberg.com

Singapore Second Minister for Trade and Industry S. Iswaran discusses Singapore’s 2015 budget with Bloomberg’s Haslinda Amin on “First Up.”

 

Singapore Budget 2015, “Parliament Highlights” | channelnewsasia.com

Deputy PM and Finance Minister Tharman Shanmugaratnam on Monday (Feb 23) unveiled a progressive Budget 2015 that sets new directions for Singapore’s future while strengthening its social security system. The Budget focuses on four key areas:

1) Developing Singaporeans;
2) Supporting Enterprises;
3) Investing in Economic and Social Infrastructure;
4) Strengthening Assurance in Retirement and Enhancing Support for Families.

CPF contribution rates will be increased for older workers, while personal income tax will be raised for the top five per cent of income earners from YA2017.

 

Singapore Budget 2015: Singapore Reits to enjoy income tax and GST concessions for 5 more years | businesstimes.com.sg

Singapore Budget 2015: Singapore Reits to enjoy income tax and GST concessions for 5 more years | businesstimes.com.sg

Singapore Budget 2015: Singapore Reits to enjoy income tax and GST concessions for 5 more years | businesstimes.com.sg

Income tax and GST concessions for Singapore real estate investment trusts (S-Reits) will be extended for five more years to attract listings here, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Monday.

The GST concessions will also be enhanced to facilitate fund-raising by special purpose vehicles set up by Reits, he said.

However, the stamp duty concessions, which are mainly for the purchase of local properties, will be allowed to lapse after March 31, 2015.

“The concessions were intended to enable the industry to acquire a critical mass of local assets as a base from which the Reits can expand abroad. This has been achieved.

“Overall, Singapore’s tax regime for Reits continues to remain very competitive relative to those elsewhere in Asia. It will help anchor the sustainable growth of the S-Reit industry,” he said.

Currently, S-Reits enjoy tax exemption on foreign income from qualifying overseas properties, and can recover the GST incurred on its and its special purpose vehicles’ business expenses. They also enjoy stamp duty remission on Singapore properties purchased. Read more here >>

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Sengkang columbarium: No full refund for flat cancellation, says HDB | channelnewsasia.com

Singapore — The Housing and Development Board (HDB) on Monday (Feb 23) said it has received a total of 95 requests from flat buyers to cancel their bookings with refund for their Build-To-Order (BTO) flats in Fernvale as of Feb 9.

This is out of the 4,000 units located near the three BTO projects at Fernvale Link. However, HDB said it will not be able to accede to the buyers’ requests to cancel their bookings with a full refund of payment.

It also said flat buyers who wish to cancel their application before signing the Agreement for Lease will have the paid option fee forfeited, while cancelling the application after the signing of the agreement will result in flat owners forfeiting the 5 per cent of purchase price of the booked flat, it added.

HDB said these flat buyers will have till Feb 27 to inform the board of their final decision on the cancellation of their flat application. Read more here >> 

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Finally, Tokyo land prices to nudge higher | cnbc.com

Japan — Land prices in Japan have been falling since its asset bubble burst in the early 1990s, but optimism is taking hold among Tokyo’s real estate professions as prices look set to rise, say analysts.

“Investment from overseas buyers and the demographic concentration in Tokyo will drive up land prices over the next couple of years,” said Nomura’s Japan housing and real estate analyst Daisuke Fukushima. “Japan’s population may be shrinking, but Tokyo’s population has continued to rise.”

Since the asset bubble burst in the early 1990s, land prices in Japan have been on a downward trend. And the country still has a long way to come back from its glory days.

At the peak of the real estate bubble in the late 1980s, the 1.32 square mile of Imperial Palace grounds in the center of Tokyo was said to be worth more than all the real estate in California.

Despite the recent rally triggered by the economic policies of Shinzo Abe, even the stock market is still way off 39,815, the historical high hit in 1989.

Real estate prices tend to trail other asset classes, but now land prices – at least in Tokyo – are set to rise by an annual pace of 10 percent, said Fukushima. Read more here >>

 

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US residential rents up 3.3% overall but some areas seeing higher growth | propertywire.com

Median residential rents in the United States continued rising nationwide in January, with rental appreciation in some small and even struggling housing markets catching up to the country’s hottest areas.
According to Zillow’s latest real estate market report its rental index increased by 8.5% year on year in Kansas City, more than twice the national pace and faster than markets where rapidly growing rents are an old story, including Seattle, Boston and Los Angeles.

Two years ago, when West Coast rents were already soaring, rental growth in St. Louis was flat and even falling. But between January 2014 and January 2015, rents there rose 4.2%. The fastest growing rent in the country in January 2015 was in San Francisco, where median rents were up 15% year on year for the fourth month in a row.

Overall rents were up 3.3% year on year in January, near the historical norm. The fastest growing rental markets in January included Denver, Kansas City, Nashville, Portland in Oregon and Charlotte in North Carolina. Read more here >>