Tag: Covid-19

home renovation delay covid

Home renovations OK to resume, but here’s why it won’t be smooth sailing

More than 19,000 suspended renovation projects have been approved to resume after a 15 June announcement by the Building and Construction Authority (BCA). But, despite being given the official go-ahead, renovation works continue to face significant delays in the months to come, due to factors such as material shortages and safe-distancing rules. For those intending…

singapore property market back on track

Is the Singapore property market back on track?

Sales of new condos spike for a month during the circuit breaker, and everyone loses their minds. Well, calm down for a second. While it’s good news that new launch condo sales in May 2020 were good, it’s a bit dramatic to be yelling about how the property market is back on track. Let’s anlayse…

greater southern waterfront master plan election

Is the Greater Southern Waterfront just election-speak?

As Singapore gears up for the post-Covid recovery (and also the General Election), Minister of Trade and Industry Chan Chun Seng has reassured Singaporeans that long-term plans such as Punggol Digital District and Greater Southern Waterfront (GSW) “remain sound” in spite of the global recession. “We will pace the timelines for these projects according to…

foreign worker temporary housing singapore

Brand-new flats, $402 million en bloc condo to house foreign workers on temporary basis

To reduce the risk of spread of Covid-19, the Singapore government released a list of 36 “unused state properties” to be converted into temporary accommodation for about 25,000 foreign workers. The joint statment by the Ministry of National Development (MND) and the Ministry of Manpower (MOM) on 1 June 2020 stated that this measure is…

real estate scam property covid 19

5 real estate scams that could run rampant during Covid-19

We’re supposed to stick together to pull through Covid-19. But as always, there’s someone out there waiting to destroy your trust in humanity. The fact is, our inability to go out during the circuit breaker period, coupled with desperation, is fertile breeding ground for scammers. Real estate, unfortunately, isn’t spared by scammers, so watch out…

ministry of law property buyers developers deposits covid-19

New Covid-19 law protects deposits paid by property buyers to developers

On 13 May 2020, the Singapore Ministry of Law (MinLaw) has put in place further legal provisions to protect eligible property buyers from penalties that arise from being unable to fulfil legally-binding contracts amid the Covid-19 pandemic. The Covid-19 (Temporary Measures) Act, which these provisions fall under, now includes two additional contracts (i) Option to…

pent up property demand myth

Is pent-up demand for property a myth?

It’s pretty common to look at downturns, such as the current circuit breaker, as a catalyst for pent-up property demand. The concept of pent-up demand is like an unopened can of Coke that’s been shaken: demand builds up like gas trapped in the can, and then explodes the moment there’s an opening. Same thing with…

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