Tag Archives: Singapore Property

Novena condo to offer smaller units at soft launch

Posted on 21 Oct 2009 | Comments Off on Novena condo to offer smaller units at soft launch

AN UPMARKET freehold condo in the Novena area, that has been adapted to create smaller units than first planned, will have a soft launch tomorrow.
An artist’s impression of Lincoln Suites at night. The average price of a unit is $1,680 per sq ft.

Lincoln Suites is being developed by a consortium comprising Koh Brothers Group, Heeton Holdings, KSH Holdings and Lian Beng Group.

The first phase consists of 56 units located on the 6th to 12th floors at an average price of $1,680 per sq ft. Most of the lower floors are for the project’s 190 car park lots.

As with many developments these days, Lincoln Suites was reconfigured to fit a number of small units – 44 studio units and 22 one-bedders. Prices start at over $800,000 for a small unit. Continue reading →

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Posted in Developers, New Launches, Property Price

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Accreditation raises questions

Posted on 20 Oct 2009 | Comments Off on Accreditation raises questions

Some in the property industry question how the rules can be enforced and ask who will do the policing

THE government last week unveiled a proposed framework to regulate property agents here – a move thought to be urgent as complaints about errant agents have risen over the years.

The changes mooted are varied. Among other things, the Ministry of National Development (MND) proposes that real estate agents no longer be allowed to be freelancers – that is, agents not contracted with an accredited agency.

It also wants to prevent agents from representing more than one agency.

And a recognised accreditation body for agents will be set up next year, which will create and maintain a public central registry that lists all accredited agents so that people can check that the agent they engage is qualified.

To oversee all this, a new government agency will be created. The aim is to monitor the activities of property agents more closely and enforce rules more keenly. Continue reading →

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