Wednesday, 20 September 2017
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singapore - Real Estate - News

Building Security Bill timely but Firms say Cost a Concern

The move, that has been described as "timely", has led to concerns about funding.
Date: 13 September 2017; Type: Legal News; Source: Singapore Law Watch

Amended Act aims to improve running of Property Management Organisations

Changes to the Building Maintenance and Strata Management Act, aimed at balancing regulatory oversight and safeguarding the interests of subsidiary proprietors, were passed yesterday.
Date: 12 September 2017; Type: Legal News; Source: Singapore Law Watch

MP Louis Ng petitions for Single Parents to get Equal Public Housing Rights

The petition called for amendments to sections 47 and 65 of the Housing and Development Act so that people with legal custody of a child will not be restricted from purchasing a Housing and Development Board (HDB) flat, regardless of their marital status.
Date: 12 September 2017; Type: Legal News; Source: Singapore Law Watch

Law mooted to boost Security at Iconic or Strategic Buildings

The Infrastructure Protection Bill, if approved, will allow the Ministry of Home Affairs to designate new buildings as "special developments", and existing buildings as "special infrastructures".
Date: 12 September 2017; Type: Legal News; Source: Singapore Law Watch

Airbnb offers Concessions to get Home-sharing Rules relaxed

Private homeowners in Singapore barred from renting out their properties for less than three consecutive months.
Date: 28 August 2017; Type: Legal News; Source: Singapore Law Watch

New Rules shine Spotlight on Woes of Management by ‘Mini-MCSTs’

Proposed changes to the Building Maintenance and Strata Management Act (BMSMA) tabled in Parliament earlier this month are aimed at enhancing transparency and governance and giving owners more leeway to decide what is in their best interests.
Date: 28 August 2017; Type: Legal News; Source: Singapore Law Watch

Proposed Amendments to BMSA well-supported

1 August 2017, Singapore - The majority of respondents to the Building and Construction Authority’s (BCA) final public consultation on the Building Maintenance and Strata Management Act (BMSMA) were supportive of the proposed changes to the Act.
Date: 01 August 2017; Type: Legal News; Source: Building & Construction Authority

CEA’s Disciplinary Committee imposes Financial Penalty and Licensing Condition on Property Agency

The Council for Estate Agencies’ (CEA) Disciplinary Committee sentenced Square Yards Singapore Pte Ltd to a financial penalty of S$7,500 for one charge of failing to provide a written advisory message to an investor to draw his attention to the risks involved in purchasing foreign properties.
Date: 19 February 2017; Type: Legal News; Source: Council for Estate Agencies

Man convicted and fined for Unlicensed and Unregistered Estate Agency Work

A 56-year-old Singaporean man was convicted in Court today for two charges of conducting estate agency work without first being licensed as an estate agent or registered as a salesperson by the Council for Estate Agencies (CEA) in relation to two rental transactions involving entire HDB flats.
Date: 20 February 2017; Type: Legal News; Source: Council for Estate Agencies

Industry Updates

Singapore and China Mediation Centres work together to help Businesses resolve Disputes along Belt and Road

1. The Singapore International Mediation Centre (SIMC) and the Mediation Center of the China Council for the Promotion of International Trade / China Chamber of International Commerce (CCPIT/CCOIC Mediation Center) will work together to support businesses and help them resolve disputes that may arise in cross-border commercial transactions under China’s Belt and Road Initiative (BRI). The two mediation centres signed a Memorandum of Understanding (MOU) today at the International Mediation Summit held in Hangzhou, China.

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ASEAN enhances Coordination to tackle Cyber Threats

SINGAPORE, Sept 18 (Bernama) - ASEAN member states have agreed on the importance of enhancing coordination to ensure that its cybersecurity efforts across various platforms in countering increasingly sophisticated cyber threats are focused, effective and in synergy with one another.

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Veteran Lawyer Leo Fernando dies at 85

He was counted among the "legends" in criminal law in the 70s and 80s.

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Five Court Volunteers lauded for Dedication

These volunteers of the Supreme Court, the State Courts and the Family Justice Courts received awards for their outstanding commitment and dedication to pro bono work.

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Halimah Yacob is Singapore's Eighth President

SINGAPORE, Sept 14 (Bernama) - Halimah Yacob was sworn in as Singapore's eighth President at the Istana today, marking her first day of a six-year term.

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ASEAN to promote Trade with Russia and EAEU

Jakarta (ANTARA News) - ASEAN Economic Ministers agreed to expand trade with Russia and those grouped in the Eurasian Economic Union (EAEU).

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Conclusion of the ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA) and the ASEAN-Hong Kong, China Investment Agreement (AHKIA)

The Economic Ministers of ASEAN and Hong Kong, China (HKC) announced the conclusion of the ASEAN-HKC Free Trade Agreement (AHKFTA) and the ASEANHKC Investment Agreement (AHKIA) at the Second ASEAN Economic Ministers (AEM)-HKC Consultations held on 9 September 2017 in Pasay City, the Philippines.

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SGX RegCo announces Board Members; Operational Start on 15 September

Singapore Exchange Regulation (SGX RegCo) has appointed Mr Alan Shaw, Ms Jane Diplock AO and Mr Ronny Tan to its board. The company will begin operations on 15 September 2017.

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Public Alert on Scam IRAS Email

IRAS would like to alert the public that a scam email titled “Inland Revenue Authority of Singapore-Refund-Online-Confirmation” has been circulating. The email carries a message that the recipients are eligible to receive a tax refund and that they are to click on the link provided in the email to download and fill out the tax refund form.

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ASEAN Meet explores Issues related to Tariff Commitments, Rules under ATIGA

KUALA LUMPUR, Sept 12 (Bernama) - The discussions on Association of South-East Asian Nations' (ASEAN) internal economic-related affairs, which were held in the Philippines at the 31th ASEAN Free Trade Agreement Council, explored issues related to tariff commitments and applicable rules under the ASEAN Trade in Goods Agreement (ATIGA).

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ASEAN-Korea Free Trade Area increases Bilateral Trade by 92.3 per cent

KUALA LUMPUR, Sept 10 (Bernama) - Bilateral trade between ASEAN and South Korea has increased by 92.3 per cent to US$118.84 billion in 2016 from US$61.81 billion in 2006 since the ASEAN-KOREA Free Trade Area (AKFTA) took effect in 2007.

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ASEAN MSMEs need More Financial, Technical Support: Study

MANILA - While the Association of Southeast Asian Nations (ASEAN) has available programs and pushing for policies that will boost micro, small, and medium enterprises (MSMEs), the region needs to introduce more financial and technical support to MSMEs, an ASEAN study said.

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