Hundreds of Singapore and Malaysia investors duped of millions by property company

According to an ABC report, Macro Realty Developments Pte Ltd is controlled by Australian Veronica Macpherson (picture) and received over A$110 million (S$119 million), mostly from Singaporean and Malaysian investors. (via asiaone.com)

PETALING JAYA – Singaporean police are investigating a property company believed to be involved in a ponzi scheme that conned hundreds of Malaysians investors out of millions.

According to an ABC report, the company is controlled by Australian Veronica Macpherson and received over A$110 million (S$119 million), mostly from Singaporean and Malaysian investors.

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Condo rents rise 0.5% in June, HDB rents fall 0.6%: SRX Property

SINGAPORE – Private residential and HDB reversed course last month, according to SRX Property flash estimates released on Wednesday (July 12).

Rents of condominiums and apartments rose 0.5 per cent month-on-month in June, swinging from a revised 0.6 per cent decline in May, though the number of units leased dropped

After a sustained slide last year, private rents have fluctuated monthly this year. But after June’s increase they are now down just 0.3 per cent to date this year. They are still 19.1 per cent off their peaks in January 2013.

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HDB to build 2,000 flats next to Pasir Ris Park as part of town’s renewal plans

SINGAPORE: About 2,000 more public housing flats and a new mixed-used development that’s integrated with the bus interchange will be built in Pasir Ris in the next few years, announced the Housing and Development Board (HDB) on Saturday (29 Apr).

The new flats, which will be launched in three to five years, will be located next to Pasir Ris Park, and near elevated cycling and pedestrian paths that are being planned to provide direct connection from the town centre to the park, said HDB.

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HDB resale flat prices declined 0.5% in Q1

SINGAPORE: Resale prices of Housing and Development Board (HDB) flats declined by 0.5 per cent in the first quarter of this year compared to the previous quarter.

The resale price index – which provides information on the general price movements in the resale public housing market – slid from 134.6 in the fourth quarter of last year to 133.9 in the first quarter of 2017, according to HDB statistics released on Friday (Apr 28).

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Private home prices down for 14th straight quarter in Q1

SINGAPORE: Private home prices in Singapore fell for the 14th straight quarter in the first three months of this year, according to data released by the Urban Redevelopment Authority (URA) on Friday (Apr 28).

Prices fell by 0.4 per cent quarter-on-quarter for the January to March period, compared with the 0.5 per cent decline in the previous quarter.

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Coming Sembawang Hot Spring redevelopment draws mixed response

SINGAPORE: For Aster Lee, going to the Sembawang Hot Spring was relief of more than one kind.

Ms Lee made her first visit to the hot spring along Gambas Avenue in April together with a group of brisk walkers. It was a place that she had been keen to visit for quite a while, she said. The 62-year-old retiree said she had also been having knee aches since spraining it last December, but felt some of the pain ease after soaking her legs in the hot water.

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