Daily Archives: 11 Oct 2009

Lift upgrade could bring windfall

Posted on 11 Oct 2009 | Comments Off on Lift upgrade could bring windfall

Opposition ward residents just got a lift, in more ways than one.

Property prices are expected to rise for flats in several blocks in Hougang and Potong Pasir. These blocks have now joined the popular Lift Upgrading Programme (LUP).

Under the programme, lift landings will be installed on every floor, which is a boon especially to senior citizens.

While the LUP will make only a small difference to the official valuation of flats in the chosen blocks, property players say their cash-over-valuation – the premium that sellers demand over the official valuation – will rise by $5,000 to $10,000.

PropNex chief executive Mohamed Ismail said: ‘The Lift Upgrading Programme definitely adds greater value.

‘This is especially so when Singapore faces a greying population. A lift landing on every floor becomes a plus point.’ Continue reading →

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House-hunting from home

Posted on 11 Oct 2009 | Comments Off on House-hunting from home

In the search for the perfect home, more and more house hunters are letting their fingers do the walking – or, rather, the typing.

More are using property search portals on the Internet, which are stepping up their game to cater to the demands of these home seekers.

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No longer simply listings of properties and prices, many property websites now offer photos, maps, historical price information, up-to-date property news, and e-mail or SMS alerts when new properties are put up.

Home buyers still rely primarily on the printed Classifieds advertisements in the newspaper, which are much more comprehensive. But many of them now supplement their Classifieds must-reads with property websites that offer more information on available homes.

This is especially so as a more Internet-savvy generation reaches home-buying age, say property companies. Continue reading →

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