Based on feedback on the ground, there is continued interest from new citizens for the best addresses, with the Singapore Botanical Gardens as the pivotal landmark. As GCBs values continue to push new benchmarks, there could be downstream effect on the detached housing market, where the quantum is consequently lesser due to the size of these properties. Using this as a proxy for the number of Super Ultra Net Worth Individuals, that is, those who can afford GCBs, the demand for this residential real estate type is expected to follow suit.
However, with limited supply, the cooling measures, which overlay additional costs when one buys more than one residential property, further limit supply as they discourage those who already own more than one GCB from selling, and thus the creation of more new economy entrepreneurs.
GCB prices look set to climb to a higher cruising altitude and, as we stand today, we could just be in the early stages of the engines powering up even more. Blog Article. Read the full Business Times article here. According to the Bill of Exchange act of , S. E , Banking is defined as anybody or person whether incorporated or not who carries on the business of Banking. A bank, according to a case between United Dominion Trust v Kirkwood , the court of appeal felt that a bank should accept money from and collect cheques for their customers, placing them to their accounts, honor cheques or order drawn on them by the customers, when presented for payment, keep current accounts or something of that nature and record debits and credits in them source: Paul Raby; Law relating to banking services series by Julian Beecham.
Your email address will not be published. David Ackah. Leave a Reply Cancel Reply Your email address will not be published. This refers to taking out a loan against the appreciated property , at a very low-interest rate. However, we can see that Cluny and Nassim appeared to have fared best. While prices appear to have gone up in almost all the 39 GCB areas, the rise is not proportionate.
The reasons are somewhat similar to the overall surge in landed homes, which we covered in a previous article. That aside, agents have noted that the surge among tech industry buyers may be related to Work From Home arrangements, and lockdown measures worldwide, not just in Singapore.
This fuels a surge in digital entertainment and media, and owners of these companies are likely seeking a safe place to park their windfall.
0コメント