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Monthly Archives: September 2009

Going the extra mile pays off handsomely for SLP Int’l

Posted on 29 Sep 2009 | Comments Off

This exemplary property agency does a lot more than merely bring buyer and seller together

SLP International Property Consultants Pte Ltd does something many of its ilk just don’t. And it is this extra touch that has propelled the property agency into the ranks of Singapore’s top SMEs.

SLP doesn’t just bring buyer and seller together; it takes the trouble to find out what potential buyers want and how potential sellers can deliver.

Helmed by the husband-and-wife team of Stanley Yeo and Kain Sim, the outfit took off in 2001 with the objective of serving clients in the commercial and industrial property sectors. Notably, both of them had earlier helped developers and investors to acquire more than S$48 million worth of investment properties in Singapore; some A$383 million (S$471 million) worth of properties in Australia; and over £128 million (S$289 million) worth of properties in London.

So it carved a niche for itself by assisting developers in designing properties that meet the demands of the target market, recommending them potential land and buildings for development that have strong projected returns.

On the buyer or lessee side, SLP takes the initiative of going to them. Its marketing team visits SMEs at their premises so as to better understand their needs. This way, it can propose better facilities even before the client looks for it. Continue reading →

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Tagged Property Agents, SLP International Property Consultants

Landlord ‘king’ sells before rate rise ‘slaughter’

Posted on 29 Sep 2009 | Comments Off

Fergus Wilson, the ex-mathematics teacher dubbed Britain’s buy-to-let ‘king’, says he is selling 700 rental properties before interest rate rises bring ‘slaughter’ to landlords in the UK housing market.

Mr Wilson, who together with his wife Judith rank among the 1,000 wealthiest Britons according to this year’s Sunday Times Rich List, said it was inevitable that interest rates would rise from a historic low, pummelling rental landlords.

‘You’ve got a lot of people who have taken out a mortgage and are right up to their throats’ in debt, said Mr Wilson as he settled into a black armchair at a hotel in Maidstone, south-eastern England. ‘As soon as rates go up, they’re going to be slaughtered.’

Rates are forecast to rise, hurting buy-to-let landlords in particular because they pay more than other mortgage borrowers. The Bank of England base rate, a benchmark for British mortgages, will reach 1.25 per cent by the end of next year from its current 0.5 per cent, according to economist estimates compiled by Bloomberg. Most landlord loans are already much more costly, at 4 per cent or higher, according to personal finance website Money facts.co.uk. The UK has about 1.2 million buy-to-let loans, 11 per cent of the total. Continue reading →