Monthly Archives: January 2016

sgCommercial short sales, which work in much the same way as foreclosures, used to be a fairly unattractive prospect. While you could pick up a property fairly cheap, you would often then have to find somebody to help you fix it up and turn it into a commercial premises that could actually be used, which pushed the cost up.

However, the current property market has created a climate whereby banks and lenders are much more willing to work with potential buyers in an effort to get non-performing loans off their books and back in the hands of people who will be able to start paying them again. As such, with the proper research you should be able to pick up the property at less than the asking price at a short sale, assuming you follow these tips.

Know The Property

Don't go into a short sale with no idea about what the property you're interested in is all about. In many cases the bank won't want to tell you exactly how much a property is worth, so look into its history and work with a professional who is able to identify the positives and negatives before giving you a figure for what they think it should be sold for.

Keep this figure in mind when trying to purchase the property and use the results of your research as a bargaining tool. You will find that lenders are much more willing to sell quickly if you make a reasonable offer that takes the issues the property has into account, plus you don't place yourself at risk of offering too much in the first instance.

Have The Budget

It is important to remember that the lender that is trying to sell the commercial property has already been burnt at least once before by a previous owner, so they will be looking for somebody who is able to demonstrate that they can back up what they say. As such, you should have more than enough money in your account to show that you will be able to handle initial costs and the loan repayments for a substantial period of time.

Print off bank statements and make sure that the right people see them. Furthermore, try to offer the largest initial sum that you can. This will help you stand out against other buyers who are interested in the property, in addition to increasing the confidence levels that a lender has in you.

Patience Is Key

Don't get frustrated if your initial efforts end up fruitless. Some lenders may be a little stubborn and won't be willing to let properties for a price that you deem fair, instead preferring to see if they can find a better offer. Don't be suckered into making that better offer yourself.

Instead, simply wait and see what happens and always keep your budget in mind. In many cases you will find that nobody else has offered to purchase the property, which makes it much easier to negotiate prices once you show your interest the second time around.

egScaffolding is one of the most significant domains for the construction and real estate industry in general. Any construction that has to be done, needs proper work before the activities can start. There are ways in which this can be achieved, and scaffolding is the most prominent of components for the same. Whether you are an individual or represent a construction firm, there are a few factors that have to be noted down and a decision on the scaffolds should be taken only after weighing all the conditions. Just for a heads-up, here you will be acquainted with a few of the most telling features of a scaffold. Have a look and approach your own initiative with a pruning eye afterwards.

The Platform is a Significant Component

For the safety of the scaffolds, the most important aspect is the platform. The plane on which the scaffold has to be erected, needs to be stable and firm. If it is a soil platform, the experts need to make sure first and foremost, that it is reliable enough to not subside when holding up the weight. In a way, the platform is as important for the scaffolding structure as is the foundation for a building. As they say, the first steps should be taken extremely carefully.

The Ladders and the Guard Rails

Another important aspect that has to be taken into account, is the construction of the guard rails and ladders. These are relevant for worker safety and hence need to be considered before work is initiated. The guard rails have to be of appropriate measurement, while the ladders have to be inspected for perfect fitting. The height of the guard rails of the scaffolds, for example, need to be around 45 inches in height. Whereas, the ladder for scaffold towers needs to take care of the fact that the gap from the top most point of the scaffold tower is around 10 inches and not considerably more than that.

Once these things are factored in, the next thing you need to make sure of, is the strength of the scaffolding structure. This brings us to the next point.

Aluminium Scaffolds - Used in the Most Reliable Scaffolding Techniques

For ensuring that a scaffolding construction is robust enough to support the weight of the workers that will work on it, different materials can be opted for. We all know about the robustness of Aluminium, and it is for this reason that Aluminium scaffolds are fast becoming popular these days. The aluminium scaffolds can withstand weights which might be impossible for other types of materials to sustain.

The above concludes a brief explanation of a few of the details whose prevalence should be prioritised. A little research before any constructional endeavour helps in the long run for a hiccup-free functioning till the completion of the project.

adPaya Lebar Central has been emerging as one of the vibrant commercial hubs in Singapore. The land bank offers more than 12 ha of land for commercial and residential property development. Both national and international property investors can come to invest here.

The Paya Lebar sub regional centre has been has been set to make a major commercial centre in Singapore. The planning authority has a mindset to create commercial clusters outside the city centre.

It has two adjacent parcels separated by Geylang Canal and Sims Avenue. As the information has come till date, Australian developer Lend Lease will take nearly 30 per cent of the total land. The rest part will be owned by its investment partner Abu Dhabi Investment Authority.

This bustling commercial hub will welcome many new investors to open their offices, hotels and other commercial centres. It is expected that the land will welcome a new hive of commercial activities with many new shopping malls, retail outlets, residential complexes, and attractive public spaces for happy leisure spending. This vibrant commercial hub has been developed outside the city centre as an important part of URA's decentralisation strategy that focuses on modernization and urbanization. Side by side, an endeavour has been made to bring businesses and jobs very close to homes.

The land is perfect to become an exemplary commercial hub for its location, communication and perfect natural setting.

It is just a 10-minute-away by car from the Central Business District. It is well-connected by major roads and important expressways. Important expressways like the PIE and the ECP have made the land easily accessible from the different parts and points of Singapore city. Besides, roads like Paya Lebar Road, Sims Ave, and Changi Road have made the communication process convenient. Accessibility and convenience will be enhanced in future by creating more avenues and lanes.

The Geylang River flowing through this land will play an important role in enhancing the beauty of this commercial hub. There is a future planning of making this river more attractive with new public spaces and green lands. It is expected that with the completion of the Marina Barrage, the capacity of controlling the water levels will be increased.

The place surely has a bright future for more development. If you have decided for any property investment, this is the right time to do. Don't let this opportunity slip from your hand. You are sure to receive a very good return on your investment.

244While a lot of the Construction and Maintenance industries have been doing it tough over the last few years, the Anti Slip floor treatment industry continues to grow. Some of the driving forces behind this growth are obvious, things like fraudulent insurance claims or the ease of "no win no fee" litigation for this type of injury.

One of the hidden but important reasons for the increase in our business is the Architects and Designers, they are often driven to impress potential clients by creating visual perfection that often takes over the practical considerations. Like like high heel shoes, the need to have something that look sexy no matter how impractical will regularly trump good old common sense.

For many years the role of the Specifier has been an important one in keeping a "practical" eye on the types of materials and their suitability, however like a lot of jobs in almost every industry this role has been taken over by a well written set of ones and zeros, and while being fantastic at reducing cost and always knowing where to get what, these software programs have no idea of why that high gloss granite tile shouldn't be used in the new foyer.

The Architect or builder is not always to blame however, very often the client has the final call on these types of decision and without a basic understanding of COF (Coefficient of Friction) his or her decision is made with the heart ruling the head, and the highly polished granite or impractical ceramics will end up on a floor that has direct access to the outside of the development, and often exposure to the elements.

These heart over head decisions are common in all aspects of life, from the new car to that chocolate treat, but choosing floor tiles is a decision that's expensive and difficult to reverse.

HOW TO MAKE THE RIGHT DECISION

Arriving at the correct decision on the choice of floor tile will be different journey for everyone, but starting at the right place is critical to ensure a good outcome.

If you are the one signing off, there are a series of practical questions you should ask yourself in the early stages of the process... questions like:

  • Do you have elderly clients visit?
  • Will the surface ever be exposed to water contamination?
  • Does the surface lead to an external door?
  • What types of footwear will people be wearing?
  • Do you really need a high gloss surface?

The answers to these type of questions will form the foundation for a solid decision-making process.

Don't believe everything you hear!

We are regularly told that the retailer clearly stated "these tiles are anti slip". That well used statement is often heard when making choices for bathroom or wet areas. For peace of mind you should always ask the "Slip Rating" of the tile or if it has been certified by a local testing authority. It is rare that a manufacturer will ever go to the trouble or expense of having his tiles formally rated here.

If your still unsure, a great simple test to check if the tile is safe is to take it from the shelf, put it on the floor and ask the sales person for a cup of water, wet the tile and see for yourself.

Remember most commercial or retail environments will attract a wide variety of pedestrian traffic with leather and synthetic soled shoes, so it's important to think about who will be visiting the property and what surface will provide the best all round protection for the public.

Rectifying a bad choice in floor tiles can be a very expensive exercise and often it will be necessary to reduce the refraction or shine of the surface in order to increase the traction. There are however several surface coatings available in the market that will maintain the gloss. These coating treatments can help the COF particularly when there is water contamination, however these products are all "maintenance" coatings and will require regular re-application, particularly in high traffic corridors like doorways and reception areas.

Friction Systems Australia provides some of Melbourne's largest Developers, Property Management companies, Aged Care Facilities and Entertainment venues with real solutions to reduce risk and meet duty of care compliance. We are extremely proud of our track record in minimizing slip fall accidents, and potential litigation costs.