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Model public housing was first built in Singapore by the Singapore Improvement Trust (SIT) from the late 1920s. Intended to house people displaced by the clearance of unsanitary buildings or by town improvement schemes, the SIT's initial housing schemes were small in scale but well received. [3] From the early 1930s, the SIT subsequently ...
The Housing & Development Board ( HDB; often referred to as the Housing Board ), is a statutory board under the Ministry of National Development responsible for the public housing in Singapore. Established in 1960 as a result of efforts in the late 1950s to set up an authority to take over the Singapore Improvement Trust 's (SIT) public housing ...
Singapore Real Estate Exchange (SRX) is a consortium of leading real estate agencies administered by StreetSine Technology Group in Singapore. [1] The Exchange provides the prices of recently sold properties to participating real estate agents more rapidly than conventional, official channels run by the Urban Redevelopment Authority and Housing ...
Far East Organization远东机构. Far East Organization is the largest private real estate developer in Singapore. [1] [2] Founded in 1960 by Ng Teng Fong, [3] [4] the company has businesses in property development, retail, hospitality, [5] and food and beverage [6] brands in Asia and Australia. [7] [8]
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In the early 1990s large urbanization in Hong Kong, Singapore, Thailand, Philippines and other Southeast Asia countries brought about a large housing price appreciation. Asia attracted global economic interest up until the economic crash of 1997. A decade later, the Asian economy has been stabilized, and has allowed the property market to advance.
The Interlace's site formerly housed the 607 units Gillman Heights Condominium, which is 50 percent owned by the National University of Singapore (NUS). The property was subsequently sold to CapitaLand through a collective sale but the sale was controversial as NUS held a 16 percent stake in Ankerite, a private fund that was a subsidiary of CapitaLand.
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount, and shares the rest with the property owner.
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