MCST is the short form of Management Corporation Strata Title No. XXXX. This is the description for an organisation formed to manage the matters of a condominium. The "XXXX" refers to a number that the Building Control Authority would allocate to this organisation to identify it. As an example, MCST No. 940 refers to the [...]
Snippet from XinMSN October 21, 2011 The Council for Estate Agencies (CEA) has charged a second person on Thursday for representing himself as a property agent without being registered with the council. 30-year-old Sim Soon Leong, Raymond, was also charged with failing to obtain a written authorisation from a licensed real estate firm before practising. Despite [...]
Snippet from XinMSN October 20, 2011 Rising private property prices cannot be attributed solely to foreign purchases. National Development Minister Khaw Boon Wan said there are many factors at play; low interest rates and Singapore’s strong economic fundamentals among them. He told Parliament that locals account for more than four fifths of all private home [...]
While such cases are rare, it is important for potential tenants to ask to see proof of ownership of the property. Only write cheques to the owners' names. Never hand cash to the person you are dealing with as there is no paper trail to follow-up on. If possible, only deal with agents who are [...]
Snippet from Yahoo! Mon, Oct 3, 2011 After three built-to-order launches, the government is making good progress to ease the housing shortage, said Minister for National Development Khaw Boon Wan. In his blog post on Monday, Khaw said Housing Development Board's (HDB) efforts in ramping up HDB flat supply will help stabilise the market. Putting [...]
This is a problem for most condominiums. How to detect such drowning situations & render help immediately? In the night, especially after the facilities are closed, no one expect anyone to go near the pool nor use it. The guards will only find out when they go on their patrols. Snippet from AsiaOne Thursday, Oct [...]
Snippet from The Straits Times By Tan Hui Yee Correspondent tanhy [at] sph [dot] com [dot] sg SUPPOSE you buy a luxury car one day, which comes with a one-year warranty and a paid chauffeur for that period. There's not much to complain about, as you zip around town in the cool comfort of the [...]
Snippet from AsiaOne Wednesday, Sep 28, 2011 SINGAPORE – Tenants in an Orchard Road apartment found themselves locked in on the morning of Sept 26, when they tried to leave for work. A bicycle lock had been secured around the gate, leaving them trapped at home. According to a reader, Ong, who wrote in to citizen journalism site, Stomp, the [...]
This is a challenge most Managing Corporations are facing. The inflationary forces are making it difficult not to increase maintenance fees. Snippet from Yahoo! News By Liyana Low In a bid to lower soaring electricity bills, town councils are looking at ways to manage their electricity consumption rather than raise service and conservancy charges (S&CC). [...]
Snippet from Yahoo News / Propertyguru :- Friday, Sept 16, 2011 With a slew of new agent regulations in place this year, existing real estate agents stand to lose their licenses if they don't pass the Real Estate Salesperson exam within a year. The new ruling was implemented nine months ago and those who are [...]