Philip Chua Business Blog

Posts Tagged ‘buyer’

A PROPOSAL to ban property agents from representing both the seller and buyer in the same transaction has generated strong public interest – with many giving the idea the thumbs up.
This practice, widespread in the HDB resale market, leaves the agent with a clear conflict of interest.
But there is likely to be resistance from some agents who stand to lose commissions if it is implemented.

The pr… more

HOME buyers from China prefer properties under $1 million and tend to favour apartments near MRT stations as they generally do not own cars here.
Many are permanent residents and work here, possibly in areas such as Jurong, Bedok and Kallang.
That is the typical profile of a buyer from China, say agents The Straits Times spoke to.
A total of 707 buyers from China, of whom 432 were PRs, bought home… more

THE Government is contemplating a move to ban property agents from engaging in the widespread practice of representing both the seller and buyer of an HDB flat in the same transaction.
The idea is set to get the thumbs up from home buyers and sellers, but could leave some agents unhappy at a potential loss of commission income.
The proposal was released yesterday by the Ministry of National Develo… more

Reuters – German Chancellor Angela Merkel expressed her regret at General Motors’ failure to choose a buyer for its German unit Opel, and said that a decision was “urgently” needed for the carmaker’s future.

FOR the ‘caveat emptor’ or ‘buyer beware’ regime in our stock market to function smoothly, listed companies must be prepared to make important disclosures in a timely fashion.
Ideally, this enables investors to make well-informed decisions on whether they should buy or sell a stock, based on the information supplied by the company.
But the listing manual of the Singapore Exchange (SGX) can only go… more

Reuters – General Motors is moving closer to picking Germany’s favored buyer, Magna International and its Russian partners, for its Opel business when GM’s board meets on Friday, sources close to the matter said.

The buyer strike in the US has still not ended. The major disappointment of the week was the retail sales report in the US showing that retail sales failed to increase in July – despite the boost to car sales from the ‘cash for clunkers’ scheme. As the recovery is…

PROPERTY market observers are probably rubbing their eyes in disbelief but it is true: an en bloc sale is under way at asking prices akin to boom times.

It is the first tender in about nine months and reflects improved buyer sentiment although the sale launched yesterday will certainly test that sentiment, given the price levels it is shooting for.

The freehold Dragon Mansion at 18 Spottiswood… more