In the latest development, the revised land betterment charge will provide a financial respite for non-landed residential properties, with a significant reduction. Meanwhile, Orchard retail landlords brace for a 6% rental hike by 2023. Stay informed on these shifting dynamics in the real estate sector.
Ong Beng Seng’s hospitality firm, Hotel Properties Limited (HPL), has obtained approval to redevelop its Orchard Road properties. The redevelopment aims to rejuvenate the iconic shopping precinct, integrating retail, hospitality, and lifestyle offerings. This move reflects HPL’s commitment to enhancing Singapore’s tourism landscape while creating a vibrant destination for locals and visitors alike. The redevelopment is set to redefine Orchard Road’s allure and cement its status as a premier shopping and lifestyle destination.
Title: “I Sold A $9 Million Orchard Bungalow, But Never Made Another Sale Again: An Ex-Property Agent Shares His Story”
Excerpt:
In a captivating tale of triumph followed by despair, a former property agent reveals his harrowing experience after selling a lavish $9 million Orchard bungalow. As fortunes changed, success proved elusive for this real estate professional who now sheds light on the challenges faced in this fiercely competitive industry. This insightful account unearths the untold realities behind the glitz and glamour of high-profile property transactions, offering a cautionary lesson to aspiring agents.
In a surprising turn of events, the highly anticipated August BTO 2023 launch has been pushed back to September 2023. TMW Maxwell and Orchard Sophia, along with The Arden preview, were expected to be unveiled over the weekend. However, residents will have to wait a bit longer before they can get their hands on these new properties. Stay tuned for more updates on this matter.
