Singapore 

$80,000 renovation for this open-plan, multi-purpose HDB home with lots of wood and concrete, Singapore News

After spending six years in Austria as missionaries, Keh and Dorothy Chew were looking to build a home in Singapore. The home they envisioned, Dorothy shares, is useful and not too extravagant. On top of holding ministry and counselling sessions from their abode, Dorothy homeschools their 12-year-old son and is a consultant in the publishing industry, while Keh has started a branding company. Photo: Home & Decor Just as the couple wear many hats, their three-bedroom HDB apartment must also serve a multitude of purposes. The couple tasked multidisciplinary design…

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Singapore 

Man set fire to own home as he was angry over his mother’s nagging, Singapore News

SINGAPORE – Angry with his mother who had nagged at him the night before, a man set fire to his own home and caused nearly $31,000 in damages. Roslan, 37, who goes by only one name, was jailed for five years on Thursday (Feb 14) after pleading guilty to one count of committing mischief by fire. He lived in a Yishun flat with his mother, Madam Salbiah Musa, and younger brother, Mr Saleh Muhamad Jamal. The court heard that Madam Salbiah had nagged at him on Sept 6 last year,…

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Property 

Brace for a 20 per cent decline in Hong Kong home prices, says senior director of CK Asset

Hong Kong home prices could be headed for a multi-year downtrend that knock valuations by up to 20 per cent, prompting major developers to slash prices for new homes along with the sliding market, according to a senior executive at CK Asset Holdings, the second largest developer in Hong Kong by capitalisation. CK Asset executive director Justin Chiu Kwok-hung said on Tuesday that home prices could drop 10 per cent this year and by up to 8 to 10 per cent next year, amid simmering trade tensions between China and…

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Home 

China new home sales decline by 56 per cent during Lunar New Year holiday

New homes sales declined by 56 per cent year on year in 17 major mainland China cities, including Shanghai and Nanjing, during the Lunar New Year holiday, in a sign that does not bode well for a sector already weighed down by a bearish outlook and concerns about a slowing economy. According to a research note released on Tuesday by investment bank China International Capital Corporation, Beijing’s easing stance on the overall economy boosted market sentiment in the beginning of 2019, but sales data from sample cities and developers shows…

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Property 

New ‘tiny home’ benchmark for Kowloon as developer rolls out Sham Shui Po project in layouts beginning at 129 sq ft

Hong Kong’s Kowloon district is about to realise a new benchmark for tiny home sizes that will test the market’s tolerance for what’s considered liveable space, with one developer set to launch a project in Sham Shui Po featuring layouts starting at 129 square feet, the smallest on record for the area. The 22-storey residential block named AVA 228 will feature 160 units with sizes ranging from 129 sq ft to 249 sq ft, according to the website of Magic Sight Holdings, a privately held developer owned by property investor…

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Singapore 

Opposition party leaders gather at Tan Cheng Bock’s home during CNY, Singapore News

The appearance of opposition party leaders at Dr Tan Cheng Bock’s house on the second day of Chinese New Year has renewed discussion on whether a coalition could be on the cards. Among the politicians at the annual gathering in Dr Tan’s home in Holland Grove Drive on Wednesday were Workers’ Party (WP) chief Pritam Singh, Singapore Democratic Party chief Chee Soon Juan and chairman Paul Tambyah, People’s Voice founder Lim Tean and People’s Power Party (PPP) chief Goh Meng Seng. Many posted photos of their time on Facebook, including…

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Singapore 

Shorter wait for home buyers to book HDB flat under new sales exercise, Singapore News

SINGAPORE – Eager home buyers can soon book a Housing Board flat by the next working day after applying. A new sales exercise will soon offer flats on a rolling basis, available for booking at any time. The first batch of 120 flats offered under the new scheme will be open for booking around the middle of the year, Minister for National Development Lawrence Wong said in a blog post on Thursday (Feb 7). Currently, the fastest way for buyers to get a flat is under the Re-Offer of Balance…

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Singapore 

A 4-room HDB home in Telok Blangah with a bold black and pink palette, Singapore News

Homeowners Elyn and Shawn had no difficulty choosing their interior designer. Every home they consider an inspiration was designed by The Scientist. Hence, the couple was confident that the team could undertake what they had in mind for their four-bedroom HDB home in Telok Blangah: lots of brass, marble, leather and wood. The couple went with a bold black and pink colour palette, which gave a modern update to the otherwise Victorian-style interior. Cabinetry with wood panelling and a black-and-white checkered floor is essential to the look. Photo: Home &…

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Home 

Country Garden, China Evergrande and China Vanke among developers reporting decline in January home sales

Mainland Chinese property developers have reported a decline in home sales for January, in a sign the Year of the Pig could be in for a rocky start. According to property consultancy CRIC, more than 30 per cent of the mainland’s top 100 developers posted a year-on-year drop in housing contract sales, or presales of unfinished homes, for the first month of 2019. Among these, 13 reported a more than 30 per cent decline in sales. Buoyed by easing, expected end to Fed rate hikes, China developers issue US$8.6 billion…

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Home 

China’s ‘home appliance queen’ Dong Mingzhu breached information disclosure rules, CSRC says

Gree Electric Appliances chairwoman Dong Mingzhu, known as the mainland’s “home appliances queen”, has been warned by the securities regulator for information disclosure violations. The Guangzhou branch of the China Securities Regulatory ­Commission said Dong was found to have breached the rules about disclosure of company ­performance during a special share­holders’ meeting on January 16, according to a statement issued by the regulator on Friday evening. “You should draw lessons from the mistake and make studies on securities laws and rules to comply with information disclosure requirements,” the statement said.…

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