Property News
Sunway Group to buy Hongkong Land’s property arm MCL Land for S$738.7 million
[SINGAPORE] Real estate group Hongkong Land Holdings will sell its Singapore and Malaysian property arm MCL Land to Malaysia’s Sunway Group for S$738.7...
US single-family housing starts near 2.5-year lows as inventory bloat weighs
The Federal Reserve’s rate cuts may not revive the residential market amid job concerns
URA releases Bedok and Cross Street residential sites for sale
The Cross Street site may not be triggered for sale soon, while the Bedok site is expected to draw strong interest
158 Cecil Street on the market at S$165 million to S$170 million
The price works out to S$1,450 to S$1,500 psf on net lettable area, and is 30% lower than what the owner paid...
Foreign students fuelling demand for Singapore’s maturing co-living market: JLL report
Sector benefits from the Republic being a regional education and business hub, but rising costs, economic headwinds and evolving policy could affect...
Hong Kong allows cheaper home purchases for investment visas
Oversupply and a weak economy continue to weigh on the residential market with home prices hovering near their lowest since 2016
Billionaire Ortega to buy Miami Design District’s Atlas Plaza
The Inditex founder’s family office has been snapping up major real estate globally
US homebuilder sentiment stays low despite mortgage-rate drop
The Census Bureau will provide a report on housing starts on Wednesday
Hong Kong property stress spurs call for HK$20 billion support fund
Industry stakeholders have become increasingly vocal in advocating measures to revitalise the commercial property market
China Evergrande liquidators appointed as receivers over founder's assets
This is the liquidators’ latest effort to recover US$6 billion in dividends and remuneration paid to Hui and other former executives
Pasir Panjang freehold residential property up for en bloc sale at S$50.5 million
Guide price for Starpoint 319 translates to about S$1,340 psf per plot ratio
New Zealand home prices dip in August, buyers remain cautious
[SYDNEY] New Zealand home prices edged lower in August, the Real Estate Institute of New Zealand (REINZ) said on Tuesday (Sep 16),...
Japan’s Seibu Prince to buy boutique hospitality brand Ace Hotel
The deal includes the hospitality brand and an in-house creative agency Atelier Ace
InterContinental Singapore in Bugis to close; Frasers-owned property to be rebranded
Marriott International is understood to have been shortlisted to operate the 406-room, 16-storey hotel
Hao Mart’s Taste Orchard lease terminated by landlord OG; premises to be returned by Dec 31
Tenants at the food-focused mall say they were blindsided by the news, with some having up to two years left on their...
New home sales hit monthly high with over 2,100 units sold in August
Some 2,496 new private homes hit the market during the month as interest rates ease
Insiders should join the back instead of the front of the queue at new condo launches
Support building a ‘we first’ society by giving third parties a fairer shake to secure choice units
China’s home prices fall in August, extending weak trend
[BEIJING] China’s new home prices fell 0.3 per cent in August from the previous month, official data showed on Monday, as weakness...
UK house prices fall while rents rise by least in 4 years, surveys show
[LONDON] Asking prices for homes put up for sale in Britain this month showed an annual decline for the first time since...
Former ITE HQ and ITE Dover campus to be demolished by HDB for new homes
The masterplan is expected to come into force later in 2025
‘Building the next sunrise’: Metro pivots to global tie-ups, immersive concept stores to woo shoppers
Group does not plan to exit troubled industry, hopes to stabilise loss-making retail operations in one to two years
Hollywood’s largest landlord is showing signs of distress
[LOS ANGELES] Michael Hackman, who spent billions of dollars acquiring soundstages around the world, is becoming one of the big casualties of...
Dubai Investments seeks to ride property boom with unit’s IPO
The city’s property market has been surging, driven by foreign buyers drawn by liberalised visa rules and growing end-user demand
Hong Leong has ‘abundant opportunities’ for greater Shanghai, China collaboration: Kwek Leng Beng
These can include participating in the city’s government funds, with proceeds disbursed to companies in the high-tech innovation space or with global...
Financial worries mount for Britain’s renters: survey
Frail household confidence has weighed on the UK economy in recent years, as consumers make up around 60% of gross domestic product
Up to 400 large UK stores at risk of closure from property tax hike: BRC
The government has proposed higher business rates, or commercial property taxes, on sites with a rateable value of over £500,000
US mortgage rates post biggest drop in a year, spurring refinance rush
Borrowing costs have been trending lower for months, and took another leg down after a disappointing jobs report on Friday
GIC eyeing bigger stake in Blackstone’s Spanish hotels: sources
GIC is undertaking due diligence and there is no certainty that the process will lead to a transaction
China Evergrande unit gets bids from state-owned companies
Liquidators of the property developer have been combing through the company’s assets looking for opportunities to recoup funds
It's gone: Unusual koi tank outside Tampines flat dismantled following failed appeal
Toh Ting Wei
Apr 25, 2019
SINGAPORE - A Housing Board flat owner who had converted the doorstep of his property into a fish tank for his koi carp has dismantled the tank, after his appeal to keep it was rejected.
The Tampines Street 41 resident, who wanted to be known only as Mr Tan when approached by The Straits Times previously, had attached glass panels to the walls around the four steps leading to his ground-floor unit to house about 10 fish.
The structure was put in place three to four years ago, and the owner was unaware he needed permission to make the alteration.
The HDB said in January that the man could not keep the tank because of safety concerns. But he lodged an appeal, after working with Tampines Town Council on measures to address issues raised by the Housing Board.
The agency rejected the appeal earlier this month and said a key reason why it had turned down the appeal was that the stairway is common property.
Under the town council's by-laws, it is an offence to have unauthorised fixtures on common property.
When a Lianhe Zaobao reporter visited Mr Tan's house on Wednesday (April 24), the tank had already been dismantled.
The Tampines Town Council told ST on Tuesday that it had served notice to the resident to remove the tank and would follow up with him on a timeframe to do so.
A spokesman added: "Our offer to assist with the dismantling of the tank has been declined by the resident.
"We have also approached the resident to relocate the koi fishes to a community pond, but he was not keen to explore further."
Earlier this month, the Ministry of National Development told ST that it will ask the HDB to discuss with the town council about whether there are any suitable sites within the precinct that can accommodate a community garden which could involve Mr Tan and other like-minded residents.
It added that this initiative would have to be done separately through a proper process and not by "individual encroachment onto common property".
On the proposal, Mr Tan had said: "It's not just about digging two holes. You need to think about what is the attraction there and what is really useful for the community.
"Hopefully, something good will come out of it. I am a bit tired of this."
He and his wife also own the adjacent unit, through which they enter the flat with the blocked doorstep.His wife told ST earlier this month that they had hoped the authorities would make an exception on the basis that the structure was welcomed by the community.She said then: "We are not creating an eyesore or disturbance... If everybody keeps everything to the house, there will be no soul in the neighbourhood."
ST has contacted Mr Tan for more updates regarding the tank's removal.