Category Archives: Landed Property

Three of the feuding families have moved out

Posted on 15 Aug 2009 | Comments Off on Three of the feuding families have moved out

THREE of the original seven feuding families on the now infamous Everitt Road have moved out and since then life has been more peaceful.

The Chan family at 130B, who are at the centre of the dispute, says that calm has returned somewhat.

‘It’s quiet. They dare not rebut or gang up any more,’ said Madam Chua Gek Eng, 71, the mother of Dr Chan Soo Yin, 47.

In the past three years, their immediate neighbours – the Tan family and the Chua family – sold their houses, citing harassment as the reason.

The Gan family, right across from the Chans at 136C, have relocated to Shanghai.

Those left are the other Chua family in 136L, the Loh family in 136B, the Ee family in 136F and Gan’s parents in 136E. Continue reading →

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An elite investment gets its day in the sun

Posted on 13 Aug 2009 | Comments Off on An elite investment gets its day in the sun

Sales of Good Class Bungalows gather steam, with some predicting healthy price rise.

The Good Class Bungalow (GCB) market has sprung to life with high-net-worth individuals stepping up their purchases.

Good Class Bunglow 13 Aug 2009

July was an especially action-filled month which saw about 20 GCB transactions worth a total of more than $300 million. To put this in perspective, the entire first quarter of this year saw GCB deals worth only $27.5 million.

The action picked up in April, when $56 million worth of GCBs were transacted. It gathered pace in May and June, each month seeing deals amounting to around $188 million. In July, the market went ballistic.

So far this year, around 50 GCB deals have been transacted, according to caveats data compiled by property consultants and information on the latest transactions obtained by BT.

The year-to-date tally of over $800 million is healthy, considering that the whole of last year saw just 51 deals worth $830 million.

GCB agents expect the sales flow to continue in coming months. CB Richard Ellis’s director, luxury homes, Douglas Wong said: ‘It’s likely that a total of 60-65 GCBs will be sold in the whole of 2009 – more than the 51 GCBs sold in 2008. The total quantum is likely to be around $1.1 billion to $1.2 billion, about 35-45 per cent higher than the quantum of $830 million in 2008.’ Continue reading →

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