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 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 [...]
Measures in place are a follow up after several cases lawyers fleeing the country with their clients' money. -AsiaOne Fri, Jul 08, 2011 AsiaOne The Ministry of Law confirmed today that the legislation on conveyancing measures will be implemented on Aug 1. The key measures that have been put in place are to better protect [...]
From Channelnewsasia – March 10, 2011 SINGAPORE: The Ministry of Law (MinLaw) has set out new measures to safeguard property buyers and sellers from rogue lawyers that run off with their conveyancing money. Following a series of public consultations and pilot trials, MinLaw will no longer allow lawyers to hold conveyancing money in their [...]
As we start 2011, forces are shaping up for an eventful year ahead in the Singapore real estate market. We may go off the mark on these trends as the year is long but we hope that we can contribute a better understanding of the real estate market here. Trend 1 – Higher interest rates [...]
On January 6, CEA made an announcement, cautioning that any unregistered salesperson doing real estate agency work would commit an offence. CEA also cautioned registered salespersons not to engage these people as runners or assistants. Penalty includes a reprimand, revocation or suspension of registration, or imposition of a fine of up to S$75,000, or attachment [...]