Category Archives: General

Concourse Skyline: New condo to get walkway to MRT station

Posted on 21 Aug 2009 | Comments Off on Concourse Skyline: New condo to get walkway to MRT station

HOW’S this for a condominium’s selling point: Near MRT station. Complete with all-weather walkway.

The new Concourse Skyline in Beach Road could be the first private housing project to have an overhead bridge linking it to Singapore’s mass transit system.

Other condo projects are likely to follow, in what could be an emerging trend.

Once it is completed, residents of the 99-year lease Concourse Skyline, being built on a demolished wing of the Concourse complex, will need to walk only about 200m to the Circle Line’s rebuilt (and relocated) Nicoll Highway station due to open next year.

The 360-unit condo, developed by listed property group Hong Fok at an estimated $200 million, is expected to be ready by 2013. Continue reading →

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Jobs credit blues at condo

Posted on 18 Aug 2009 | Comments Off on Jobs credit blues at condo

IMAGINE you are a condominium owner, and your property’s management corporation (MCST) has been engaging the services of two administrators, two technicians and some cleaners for the estate.

You cheered when the government announced the Jobs Credit scheme earlier this year, thinking the savings will go to your MCST.

Well, think again. Like the MCST of Bayshore Park, a condominium on the East Coast, you may well find that the payout from the Jobs Credit scheme has gone – not to your MCST – but to the managing agent hired by your MCST to manage the payroll of condo employees.

At Bayshore Park, its MCST is now embroiled in a dispute with its former managing agent, CKH Strata Management, over a Jobs Credit payout worth $10,000 to $15,000 for the qualifying period from last October to June this year.

Some companies that engage payroll agents also face similar problems. Continue reading →

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