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6 ways Covid-19 construction delays can impact property buying decisions


A stronger interest in resale properties (and even close to TOP new launches)
Potential impact on quality
1. Increased cost of temporary accommodation and renovations
A delay of six to nine months typically means having to rent. For families who have already leased a property, extending it by six more months can be disproportionately expensive.
It s harder to negotiate a discount for shorter leases (less than a year).
In many cases a landlord already has replacement tenants lined up; the standard practice is to start marketing and looking for new tenants about three months before the existing lease expires.
If a landlord already has a new tenant willing to sign a 12-to-24-month lease, they re unlikely to pass this up, just to extend the existing tenant s lease by six to nine months. ....

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LTA hands over 6 Thomson East-Coast Line stations to SMRT ahead of Q3 opening


LTA hands over 6 Thomson East-Coast Line stations to SMRT ahead of Q3 opening
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The platform for the new Woodlands station on the Thomson-East Coast Line. (Photo: Zhaki Abdullah)
30 Apr 2021 10:30PM)
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SINGAPORE: The Land Transport Authority (LTA) on Friday (Apr 30) handed over six MRT stations along the second stage of the Thomson-East Coast Line to train operator SMRT.
This marks a key milestone in the lead-up to the opening of the second stage of the Thomson-East Coast Line in the third quarter of this year, said LTA in a news release.
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Singapore's LTA awards $980m civil contract for Cross Island Line


27 Apr 2021 (Last Updated April 27th, 2021 11:54)
Singapore s Land Transport Authority (LTA) has granted the civil contract for the design and construction of Pasir Ris interchange station and tunnels to a joint venture (JV) comprising the Singapore branch of Dongah Geological Engineering and South Korea-based Daewoo Engineering and Construction.
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The contract is valued at $980m and the project will be executed for phase one of the Cross Island Line (CRL). Credit: Tobias Rehbein from Pixabay.
Singapore’s Land Transport Authority (LTA) has granted the civil contract for the design and construction of Pasir Ris interchange station and tunnels to a joint venture (JV) comprising the Singapore branch of Dongah Geological Engineering and South Korea-based Daewoo Engineering and Construction. ....

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