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FINANCIAL SERVICES, RESIDENTIAL PROPERTY | Staff Reporter, Singapore
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Daily Briefing: How DBS can gain from One Belt One Road project; Two estates eye en bloc sales

And here are top 5 reasons to use property agents when buying a home.

From Motley Fool Singapore: The country’s One Belt One Road (OBOR) project is a massive infrastructure program that will stretch into 60 countries in Africa, Asia, and Europe. It will cover 60% of the world’s population and represent one-third of the world’s gross domestic product. Companies in Singapore, such as DBS Group Holdings Ltd (SGX: D05), could stand to benefit from the programme. The Asian bank’s chief executive officer, Piyush Gupta, responded to a question on OBOR in its latest earnings briefing: “We do project financing, M&A financing, all kinds of financing. When a company goes overseas, they need money for both buying the asset or doing greenfield projects. We do both.”

From PropertyGuru: Following the recent collective sales of Rio Casa and Eunosville, two more privatised HUDC estates – Tampines Court and Florence Regency – are eyeing the en bloc sales path.The 560-unit Tampines Court is expected to launch its tender next month as almost 82 percent of owners have already agreed to the sale, showed a Facebook page. The owners are looking to sell the 702,000 sq ft site for at least S$960 million.

From Zuu Online via Yahoo!: Purchasing real estate is never easy. There are innumerable factors to be taken into consideration. Possibly the most important condition to be met is that the property should have the potential to appreciate in value over time. When making a decision on a real estate purchase, you can use all the help that you can get. Advice from an expert can be especially useful. A trustworthy and experienced property agent is usually the best person that you can turn to in such a situation.

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