Category Archives: General

Downtown Line 2 to open in December 2015

Posted on 3 Jul 2015 | Comments Off on Downtown Line 2 to open in December 2015

Residents in Bukit Panjang and the surrounding areas will have more travel options to other parts of Singapore when the Downtown Line 2 (DTL2) opens this December, ahead of the original Q1 2016 timeframe, revealed Transport Minister Lui Tuck Yew in a Facebook post on Sunday.

Construction work on Stage 2 of the project commenced in July 2009, but was expected to be delayed after Alpine Bau, the main contractor for three stations, went bust in 2013.

The 16.6km long DTL2 comprises one depot and 12 stations, including four interchange stations at Little India, Newton, Botanic Gardens and Bukit Panjang.

Schools in the Bukit Timah area, as well as businesses at malls like Coronation Plaza, Railway Mall and Bukit Panjang Plaza are expected to benefit from the new MRT line, said the Land Transport Authority (LTA) in a Facebook update.

Eateries along Sixth Avenue and Beauty World Centre will also become more accessible, LTA added.

Meanwhile, Stage 3 of the DTL is on track to open in 2017. Once completed, the entire line will connect the north-western and central-eastern regions to the new downtown.

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$1.5 mill commission from record condo sale

Posted on 1 Jun 2015 | Comments Off on $1.5 mill commission from record condo sale

A young property agent by the name of Shirley Seng would have received a hefty commission of about $1.5 million after selling a penthouse at Le Nouvel Ardmore for $51 million in April 2015, media reports said.

The transaction at the 43-unit freehold condominium is believed to be a local record-setter, with the penthouse sold to Alibaba’s co-founder Sun Tongyu, a Singapore permanent resident. Read more > SOLD: $51 million Ardmore Park penthouse

According to the PropNex agent, the tycoon was referred to her by a client whom she had previously served at Marina Bay Residences. Despite having less than five years of experience in the job, Seng was able to get to know wealthy clients as she had brokered several rental deals in the Marina Bay and Orchard areas.

Even though the 26-year-old agent has already become an overnight millionaire, Seng said she doesn’t plan to take a break.

“This deal is good money, like hitting the jackpot. But this is my lifelong career; if I go for a long holiday now, I may lose my clients when I return,” said the Nanyang Polytechnic graduate.

In fact, she brokered another seven transactions this month, in addition to the 16 she recorded in April. It is estimated that she made about $1.7 million in commissions from 53 deals since joining PropNex in January, but most of them involved leasing.

She previously worked at HSR International Realtors for four months, and spent another four years at ERA Realty.

When asked for her secret in dealing with affluent clients, Seng said that property agents should be time-conscious. “Speed is crucial. I always try to get back to them within one to two hours. I want to let them know that they are my priority.”

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