Foreign developers still fantastic on S’pore land sites

When compared with preceding years, more foreign developers are nowadays deciding to develop property lots in Singapore, said June Yang, Assistant Supervisor of Research at JLL Singapore.

Several variables have led to the higher amount of foreign players entering the residential marketplace, including greater ease of doing business increased transparency in the company and property marketplaces here and favorable investment, Yang wrote in a blog post.

Previously, such contribution came from just a couple of neighbouring countries like Hong Kong and Malaysia, but this has expanded to include Chinese companies.

According to Yang, “In days gone by, many foreign developers partnered with locals in the creation of residential property. Increasingly, these same foreign developers have embarked on such undertakings independently, after having gained adequate self-confidence and acquaintance together with the local marketplace.

“Nevertheless, given the property cooling measures now set up, these developers will likely take a more cautionary position going forward,” she added.

Some big name foreign firms that have been active in the national marketplace recently contain additionally Malaysia’s SP Setia, and MCC Land (The Alps Residences) and Qingjian Realty from China.

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Harbour View Gardens Not In Favour

Yesterday, a High Court appeal by the accepting owners at the job was dismissed.

The Court of Appeal upheld a ruling in April by High Court Justice Belinda Ang.

She’d refused to permit the sale as the Harbour View Gardens collective sales committee “hadn’t acted in good faith” while its advertising broker’s actions was “commercially unacceptable”.

The precise reasons for the conclusion are not known as the written judgement hasn’t yet been released.

The appeal was mounted by the majority owners, represented by Napier & Drew senior counsel Hri Kumar, who couldn’t be reached for comment.

The Straits Times understands the appeal dismissed before midday and was heard.

Rodyk & Davidson property attorney Lee Liat Yeang, who wasn’t involved in the en bloc sale or court case, said yesterday the judgment of dismissal of the appeal “is viewed as a wet blanket on a previously tepid collective sales marketplace”.

The advertising broker was Colliers International (Singapore).

One fundamental problem was a $200,000 inducement that the collective offered had sales committee and Colliers to couple Han Min Tu to get Ming Juan and Jee them to consent to sell their flat.

Mr Han was an associate of the committee. Their authorization empowered it to reach the necessary 80 per cent bulk brink. Nevertheless, a few minority owners objected to the deal, saying the inducement wasn’t paid in good faith.

In addition they stated the committee hadn’t acted “evenhandedly” as the incentive was offered to just one opposing minority owner and not to others.

Read up more for Kovan Treasure to know more.

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EC A Good Reason To Consider?

There is good reason for purchasing an EC to do so:

This is because starting prices of ECs at launching period are 20 to 25 per cent lower than those of condominiums, resulting in a greater return during sale, clarified Eugene Lim, crucial executive officer of ERA Realty Network.

“Studies show that, when the time comes, you can sell ECs at a price virtually (that of) private condominiums in exactly the same area,” he told My Paper.

Mr Lim, who’ll be speaking at a My Newspaper Advance seminar on Aug 17, may also talk about the Urban Redevelopment Authority’s Master Plan 2014.

One place where more ECs are popping up is Anchorvale in Sengkang, he added.

Mr Lim has been in the real-estate industry for 23 years.

While the ROI for an EC might be appealing, it’s important for would be buyers not to get themselves burdened with too many loans, warned another specialist.

Home owners should comprehend their compulsory cash commitment and loan limit when applying to buy new property, said Kenny Tan, head of channel strategy and business alliance at OCBC Bank.

Mr Tan will discuss several matters during the seminar, including the entire debt servicing ratio – which shows what portion of income is utilized to service loan obligations – and obtaining a loan to fund your The Criterion EC purchase.

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Sims Drive New Launch – Sims Urban Oasis

Sims urban oasis is launching a new condominium by mid-2018. This new adventure will be full of unique feature such as function room, clubhouse, tennis court, indoor gym, a 50 meters long swimming pool and a complete barbeque dinner area. The main objective is to offer your entire family entertainment.

Once you visit this new sims urban oasis, you will enjoy the peaceful tranquility and the serene environment. It is a perfect place for you and your family to relax. In addition this new location is perfect, it near many shopping malls, restaurants as well as other useful facilities. Needless to say that you can access the new urban oasis using Aljunied MRT station or the sims bus terminals. Some of the elite schools near this new facility include Geylang Methodist primary and secondary school as well as the kong Hwa School.


If you are driving from the central business district, it will take you less than fifteen minutes to get there. Some of the other place that you will find exciting around the urban oasis is the orchard road shopping Centre if you are driving via the popular Kallang road.

Sims urban oasis promises nothing but the best entertainment for the entire family, with the new facilities, they have used highly trained professionals to design and construct the new facility. As a matter of fact, it is stunning! The location for the new urban oasis is just perfect, it is surrounded by all the best restaurants around as well as other place you would like to visit. Once you are at the new location, you don’t have to be worried about shopping, there are several stylish and modern shopping facilities around that will ensure that your shopping experience into a new level.

Sims urban oasis comprises of about 1000 units, this will ensure that you are guaranteed of a unit regardless of the time of the year, you visit the new location. I can say without any doubt that a new lifestyle awaits you, once the new urban oasis is officially opened. The fact that it caters for a full family entertainment, means that you don’t have to get worried about your kids or your spouse, you can have fun at the gym while your kids are swimming or while your spouse is sipping a drink at their new state if the art club house. The new dining are with a BBQ will offer you a lifetime experience that you will never forget.

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