For qualifying tenants of commercial properties, such as shops, the grant will amount to about 0.8 month's worth of rent.ST PHOTO: LIM YAOHUI Landlords will have to dig deeper to help their pandemic-battered tenants under an upcoming Bill that some observers feel could level the playing field between commercial owners and tenants. The Government will … Continue reading New Bill could level playing field between landlords and tenants
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Banks approve 90% of applications to defer mortgage payments
Banks have approved more than 90 per cent of applications submitted by small and medium-sized enterprises to defer payments on secured loans.ST PHOTO: CHONG JUN LIANG Banks have approved about nine in 10 applications by property buyers to defer mortgage payments. They have also approved more than 90 per cent of applications submitted by small and … Continue reading Banks approve 90% of applications to defer mortgage payments
4th Budget sets aside $33b more to help workers, businesses
The Government is dedicating close to $100 billion to support Singaporeans in the battle against Covid-19.PHOTO: ST FILE Deputy Prime Minister Heng Swee Keat yesterday announced a $33 billion supplementary Budget aimed primarily at helping workers and businesses pull through the Covid-19 pandemic and the bleak economic outlook ahead. Called the Fortitude Budget, Singapore's fourth Budget in … Continue reading 4th Budget sets aside $33b more to help workers, businesses
Cash grant to help SME tenants with rent costs
Commercial tenants and hawkers will have two more months of rent waived, bringing the total rental waiver to four months for commercial tenants. Stallholders in hawker centres and markets managed by government agencies will get a total of five months of rental waiver.ST PHOTO: KELVIN CHNG Small and medium-sized enterprises (SMEs) will get a cash … Continue reading Cash grant to help SME tenants with rent costs
Home renovation works that were disrupted to get priority
Most construction work was suspended when the circuit breaker began on April 7, with only 5 per cent of the construction workforce continuing to work. ST FILE PHOTO Home owners whose renovation works were disrupted will be given priority to restart them in phase one of the post-circuit breaker period, said Minister for National Development Lawrence Wong yesterday. … Continue reading Home renovation works that were disrupted to get priority
Rich Chinese investors snapping up luxury homes from Singapore to Sydney
A gradual easing of virus restrictions is making it easier for wealthy Chinese to view properties and complete purchases.ST PHOTO: KUA CHEE SIONG SYDNEY (BLOOMBERG) - Rich Chinese investors are finding luxury real estate is a good hiding place from the economic fallout of the coronavirus. Across China and in some of their familiar hunting … Continue reading Rich Chinese investors snapping up luxury homes from Singapore to Sydney
New home prices likely to remain unchanged: Experts
Buyers have the upper hand in a weak economy, say experts, and developers and contractors are expected to take this into consideration. And while, in principle, contractors will have to bear the additional costs of safe distancing measures, the authorities are working out how costs can be spread among the different parties involved.ST PHOTO: KELVIN … Continue reading New home prices likely to remain unchanged: Experts
Changing landscape for office sector after Covid-19
SINGAPORE (EDGEPROP) - Corporations in Asia Pacific are re-examining their commercial real estate strategies amid mass government-imposed lockdowns, as well as work-from-home arrangements that have resulted from steps to curb the Covid-19 pandemic, according to a research report by JLL. Roddy Allan, chief research officer at JLL Asia Pacific, says the expectation that this will … Continue reading Changing landscape for office sector after Covid-19
Covid-19 pandemic fuels renewed push for fair tenancy law as retail, F&B businesses suffer
There have been moves by firms since 2015 to improve what they see as a disparity in power between landlords and tenants.ST PHOTO: ONG WEE JIN SINGAPORE - The struggling retail and food and beverage (F&B) sectors unveiled a list of recommendations on Thursday (May 21) calling for legislation to give businesses greater clout when … Continue reading Covid-19 pandemic fuels renewed push for fair tenancy law as retail, F&B businesses suffer
$315m offer for Raffles Place retail, banking units
A potential buyer has entered into an expression of interest with Oxley Beryl to acquire the retail and banking units at 30 Raffles Place for $315 million. Oxley Holdings did not identify the buyer in a bourse filing on Tuesday night or state whether it is linked to Golden Compass. Golden Compass is the buyer … Continue reading $315m offer for Raffles Place retail, banking units
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