HQN’s Post

There are issues frequently emerging in Sydney's building developments. ABC News discusses recent challenges faced by Sydney apartment buyers who purchased properties off the plan. Many of these buyers are encountering significant defects in their new apartments, including issues with construction quality and building standards. The article highlights the struggles of these consumers in seeking redress, noting that despite the legal protections in place, many are finding it difficult to resolve these issues effectively. There is a great need for stronger regulations and better enforcement to safeguard consumers in the property market. Read more at: https://lnkd.in/gB2me62G #strataexperts #sydneyspecialists #strataservices #sydneybuildingdefects

It's good to see the GBPA taking action here. It's such a shame to see this entire building fall apart due to inept management (with rumour saying that the board has not been formed properly, according to multiple owners). More maddening is to see the justice system be abused so that the proper condominium regulations are not adhered to - like annual meetings, minutes and financials. What to do when the courts fail you or law?

Worlds collide today at the National Residential Landlords Association - NRLA conference, discussions on the private rental sector but also construction and house building. One common consensous: demand significantly outstrips supply. Well done Ben Beadle, great atmosphere and very informative. #Property #Landlords #Housebuilding #privaterentalsector #NRLA

Right of Occupancy vs. Certificate of Occupancy The difference between a right of occupancy and a certificate of occupancy can be illustrated through the relationship between a landlord and a tenant. When a landlord allows a tenant to live in an apartment for a year, it represents a right of occupancy. This right is documented by a tenancy agreement signed by both parties, which functions similarly to a certificate of occupancy. #onyedikachiazubike #propertyandbizlawyer #realestateinvestment

See our short video for how by proactively refurbishing and modernising your rental properties, you can realise a host of benefits that will attract premium tenants and add long-term value to your investment. https://lnkd.in/ePntQQig #propertymanagement #landlords #privatelandlords #privaterentalsector #privaterentedsector #buytolet #rentalproperty #attractingtenants #investmentproperty #letting #lettingagents #privatetenants #tenants #rentalregulation #lettinglegislation

Shocker!! Another example of state legislation meant to protect consumers actually hurting consumers. I believe construction defect liability has been a material contributing factor to the unaffordability of housing and rising inequality. Over the past 20+ years tens of thousands of American's have lost out on the opportunity to own #realestate, control their housing expense and build equity because of this law. In high priced land constrained markets like #SanDiego, #LA, #SF, etc where policy encourages high density transit oriented development, home ownership opportunities could be increased dramatically through condo development, which should be prioritized and incentivized. However, that will not happen in a meaningful way until construction defect laws are reformed. #California #housing #development

Interestingly, a 'positive outlook' for the office sector implicitly means favourable for the property investor, which means harmful for the commercial lessee. It is always helpful for tenants to hear the 'tenant perspective'. #tenantrep #commercialleasing

Boxification debate forces real estate industry to be realistic and creative In the logistics real estate industry, there is a growing realization that resistance to XXL distribution centres is here to stay. Not only because of the amount of space they take up and their environmental impact, but also because of the migrant workers who they employ. At a recent conference on logistics real estate in the Netherlands organized by SPRYG Real Estate Academy, property developers and investors appeared to have accepted that their new-build plans must contribute to the wider prosperity of the surrounding area. But one question they seem to be forgetting is whether any land will actually become available for those new construction plans. Read the full online article: https://lnkd.in/eCV_GsuQ

Renovation of the SPAAK Building

Site near Great World City draws two bids; top bid of S$1,325 psf ppr from Wing Tai Outcome is within market expectation but reflects continuing developer caution amid heightened business risks THE latest state land tender shows developers continuing to display reduced appetite for private residential sites amid the strain from persistently high interest rates and property cooling measures, among other business risks. A plum 99-year leasehold private housing site near Great World City managed to draw two bids. However, there was not even a single bid for a plot in Upper Thomson Road that includes a mandatory long-stay serviced apartment component. Both sites have 99-year leasehold tenure and are next to MRT stations on the Thomson-East Coast Line. https://lnkd.in/gGHrkkBs