| |
HDB Phases
Out Listed Housing
Agents Scheme
(LHAS)
The Listed
Housing Agents
Scheme (LHAS)
was implemented
by HDB in Dec
1995 to encourage
housing agencies
to adhere to HDB's
rules and procedures
when handling
resale flat transactions.
The Singapore
Accredited Estate
Agencies (SAEA)
Scheme, launched
on 11 November
2005, shares the
same objective
and so the HDB
will be phasing
out the LHAS on
1 June 2006. The
benefits enjoyed
by the listed
agencies under
LHAS will be cut-over
to the accredited
agencies under
the SAEA Scheme.
SAEA accredited
agencies will
be given priority
in the 1st appointment
date for resale
transactions and
exclusive subscription
to the HDB-ResaleNet
System.
Source: HDB
CapitaLand
To Build 3,000
Homes In Guangzhou
CapitaLand has
partnered Lai
Fung Holdings,
a Hong Kong-listed
real estate company,
to jointly develop
a residential
site in Guangzhou.
The 297,186 square
metre site, located
in Bai Yun District’s
Jin Sha Zhou Residential
New Town, has
a potential gross
floor area of
356,623 square
metres. The 3,000
homes to be built
will target the
mid- to high-mid
segments of the
market. The estate
will also have
schools, parks
and recreation
facilities, car
parks, supermarket
and other shopping
amenities.
Source: CapitaLand
Mapletree
In Strategic Alliance
With Itochu
Mapletree Investments
Pte Ltd announces
that it has formed
a strategic alliance
with Japan’s
Itochu Corporation
to collaborate
in logistics and
industrial real
estate projects
in Asia for mutual
benefit. The collaboration
fits in with Mapletree’s
two-pronged growth
strategy for its
industrial and
logistics initiatives
in Asia: growth
in the near term
through direct
acquisitions and
in the medium
term through potential
pipelines from
development projects.
Source: Mapletree |
|