Tag: covid

property developers time extension delayed projects news

Property developers given another round of time extension for delayed projects

On 8 October, the government announced a further extension of temporary relief measures directed at property developers, including allowing a further extension of various project completion deadlines by six months as Covid-19 continues to disrupt the construction industry. This extension is on top of the previous six-month extension announced on 6 May, after the Building and…

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…

Orchard Road during festive season

Government slashes Development Charge rates to spur Covid-hit economy

In a move that could spur spending in the real estate and construction industry, the Ministry of National Development (MND) announced on 31 August that it would be cutting the Development Charge (DC) rates across multiple property types by up to 7.8%. The changes in DC rates is particularly targeted at encouraging commercial revitalisation in…

phase 2 covid 19 property viewing guidelines

Property Viewing in Phase 2: What you need to know

[6 July 2020: Article updated to reflect the latest property viewing regulatons correct as of 30 June.] As we stumble out of our homes, blinking at the sunlight like Vault Dwellers in a Fallout cut scene, it will become apparent that things have changed. Although in-person property viewings can resume and and condo sales galleries…

hdb august 2020 bto price ang mo kio bishan geylang pasir ris tampines tengah woodlands infographic

HDB merges May BTO with August launch, reveals length of construction delays

Due to Covid-19 restrictions, HDB has officially announced that the sales exercise for Build-to-Order (BTO) flats originally slated for May will be held together with the August 2020 exercise. The announcement came in a press release on 29 May, in which HDB also stated that it will be gradually resuming its customer-facing services and operations….

Condo showflats will NOT reopen on 2 June, URA confirms

Following a two-month circuit breaker period to curb the spread of Covid-19, the Singapore government announced its Safe Re-opening phases on 19 May 2020. In the first phase, which will begin on 2 June once the circuit breaker ends, restrictions on two important real estate activities will remain in place; in-person property viewings will not…

defer home loan math pros cons

Should I defer my home loan? Here’s the math

Thanks to the Monetary Authority of Singapore (MAS), all banks and finance companies will now allow homeowners to defer their home loan up till 31st December 2020 to help Singaporeans tide through the Covid-19 crisis and recession. That means you don’t need to pay for the whole deferment period right? Uh, not quite; you still pay…

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