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New Condo Project - The Minton - Sold over 180 units over the weekend...

Written by Dennis Ng on .

After the global stock markets fell in the last 3 weeks, all eyes are watching the "Sale Performance" of new condo launched, and it looks like condos are still selling well. 

In a widely watched property release, developer Kheng Leong had sold about 180 units of The Minton condo in Hougang as of 6 pm yesterday. 

This is out of a batch of more than 300 units that Kheng Leong has released since last Friday in the 1,145-unit development at Lorong Ah Soo/Hougang Street 11 at an average price of $850 per square foot.

Kheng Leong's general manager (property) Luk Kwok Wing said prices of one bedders sold (as of 6 pm yesterday) ranged from about $480,000 to $590,000 per unit. Two bedders cost $750,000 to $870,000. The project also has three and four bedders, penthouses as well as dual-key units. 

Buyers were predominantly young Singaporeans, including families. Generally, buyers have HDB addresses, including Hougang, Serangoon and Tampines (all in the north-east part of Singapore). 

Mr Luk said buyers were drawn by The Minton's lush landscaping and generous facilities afforded by the large site area of close to half a million square feet. 

The Minton will have a 50-metre lap pool, a 20-metre heated pool, a treehouse playground, a tennis court and an air-conditioned badminton hall that doubles as a function room. It will also boast a big library, a sky-terrace and spas/gyms. The grand clubhouse will accommodate activities like yoga, karaoke and billiards/table soccer, apart from an indoor children's playground. 

Kheng Leong, a privately owned property group controlled by the family of banker Wee Cho Yaw, is developing The Minton on the former Minton Rise site that it bought in 2007 through a collective sale.

Will U.S. and China Trigger Another Global Financial Crisis?

Written by Dennis Ng on .

Welcome to the 132nd Issue of Weekly e-newsletter by This week I like to share with you "Will U.S. and China Trigger Another Global Financial Crisis?”.



Why Fear Continues, because Problem is not Solved!

Why despite EU’s announcement of 1 Trillion US Dollars of financial assistance schemes to save Greece the global stock markets continue to fall? The reason is the “huge debt” problem faced by Greece, are also common problem at other countries, such as Spain and even U.S.

For over 15 years, Greece's economy has already lost its competitive edge, but Greece continued its generous "national social welfare system", together with Greece's political corruption, tax evasion, many wealthy people pay little tax, which led to Greece government accumulating Budget Deficit. Over time, because of deterioration in its status, led to the current credit ratings of their country relegated to junk status. 

Learn Secrets to Making Money in Property on 22 May 2010

Written by Dennis Ng on .


Secrets to Making Money in Property Seminar

Date:_1 full-day_on 22_May_2010 _Time : 9 am to 6 pm. (Registration at 8.30 pm, seminar starts at 9 am). 


Venue: SMU, School of Economics and Social Sciences,

Level 5, Classrom 5.4,_90 Stamford Road

(Opposite Rendevous Hotel)

If you drive, please park Rendevous Hotel, Plaza by the Park or YMCA.