Tag Archives: Singapore Property

Should residents have to pay for 2nd or 3rd carpark lots?

Posted on 2 Aug 2009 | Comments Off on Should residents have to pay for 2nd or 3rd carpark lots?

PARKING can be a headache for some condos with very few carpark lots, especially if some homeowners have second or third cars.

Parc Oasis condo chairman Lim Taik Leong suggests one method of allocating lots. Divide the total number of carpark lots by the number of apartment units to determine the number of free carpark lots each household is entitled to.

Typically, however, each condo unit owner gets to park only one car free.

Whether there are lots for second and third cars depends on the type of development in question, says Mr Chan Kok Hong, managing director of CKH Strata Management. Continue reading →

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No need to rush for mass market homes

Posted on 2 Aug 2009 | Comments Off on No need to rush for mass market homes

Property experts say there is no shortage of mass market homes for sale in Singapore, referring to properties under $1,000 per sq ft or slightly above it.

Apart from new launches coming up, there are also unsold units from existing launches.

These include the remaining phases of Far East Organization and Frasers Centrepoint’s site in Bedok Reservoir, and smaller projects by other developers, said CBRE.

Also, Hong Leong Group’s sites in Flora Road and Pasir Ris Drive 1 already comprise more than 3,000 new units.

There is also ample leasehold land available for redevelopment, though not all sites will be equally attractive.

Suburban plots purchased by developers include sites in Yishun, Khatib, Toa Payoh, West Coast and Optima in Tanah Merah, said CBRE executive director of residential Joseph Tan. Continue reading →

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