EVERY WEEK, WE bring you all the news you need to know about the property market.
Rent freezes
There were concerns that residential rents would increase before the start of the two-year rental freeze, which was introduced this week by the government as part of a package of measures to help fix the rental market.
However, the government and the Private Residential Tenancies Board (PRTB) says the new 24-month period will mean anybody whose rent has been increased this year will not face another hike until 2017. Property owners will also be required to give longer notice to tenants of any rental increases.
The government has called the changes one of “the most significant overhaul of tenants’ rights in the state”.
Homeless crisis
Leading housing NGOs have accused the government of delaying action on the homeless crisis. Six national homeless organisation have come together to warn that the government’s failure to bring in rent certainty will force more households into homelessness.
Want to take a look inside the most expensive building in New York? It’s called One57 and was designed by architect Christian de Portzamparc to look like a cascading waterfall.
All images via Business Insider
The Interlace in Singapore was declared the World Building of the Year, 2015. It’s a configuration of six-storey blocks stacked hexagonally and you can check it out here.
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