AN association of real estate agents in Singapore has appealed to Minister for Trade and Industry Chan Chan Sing to allow potential tenants to physically view vacant property units when the circuit breaker lifts on June 2.
The Institute of Estate Agents said landlords and owners – who have mortgage loans to service – as well as property agents will suffer further loss of income if the suspension of physical viewings of properties continues beyond June 2. A normal tenancy deal takes about a month to complete. Furthermore, the June to July period is a peak period where potential tenants, who are mostly foreigners, start their home search so that they can move into their new homes by August, before the international school semester starts.
Some tenants may choose to move to more affordable properties during the downturn, the association told Mr Chan. But with the suspension of physical viewings, IEA has received feedback that tenants are concerned about hidden problems in the properties that will not be visible through video or virtual viewings.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More time with the fish: Behind the scenes at the SEA Aquarium during the circuit breakerSINGAPORE: The halls are dark and the viewing gallery silent, but in the blue of the Open Ocean Habitat, the rays are in a fever, unconcerned that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
No fans, no saliva, hand sanitisers on boundary: Welcome to a new-look T10 cricketNo fans allowed, no saliva on the ball and hand sanitisers on the boundary ropes.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Lian Beng seeks extension for disposal of assets competing with SLB unitLIAN Beng Group has asked for a further extension of time to dispose of competing business in relation to its unit SLB Development, both the mainboard-listed construction firm and Catalist-listed SLB announced on Friday night. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Lian Beng asks for further extension to dispose of assets competing with SLB unitSINGAPORE (THE BUSINESS TIMES) - Lian Beng Group has asked for a further extension of time to dispose of competing business in relation to its unit SLB Development, both the mainboard-listed construction firm and Catalist-listed SLB announced on Friday night (May 22).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Tackling, sparring allowed in next stage for Britain's elite athletesSoccer players will be able to tackle in close-contact training, and boxers spar with partners, in the next step towards Britain's elite athletes ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tackling, sparring allowed in next stage for Britain's elite athletesSoccer players will be able to tackle in close-contact training, and boxers spar with partners, in the next step towards Britain's elite athletes ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »