General Property News

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Good News for Homeowners: Property Tax Rebate Announced for 2025

Homeowners can look forward to some relief in 2025, with the government introducing a one-off property tax rebate. This initiative aims to ease the financial burden for owner-occupied properties amid rising cost-of-living concerns. Rebate Details HDB Flats: A 20% rebate for owner-occupied units. Private Residential Properties: A 15% rebate, capped at $1,000. These rebates will […]

URA Launches Residential Sites at Media Circle and Bayshore Road

URA Launches Residential Sites at Media Circle and Bayshore Road

On November 26, the Urban Redevelopment Authority (URA) released three residential land parcels under the second half of the 2024 Government Land Sales (GLS) programme. These include a site at Bayshore Road and two plots at Media Circle, offering exciting opportunities for property developers. Bayshore Road: A Prime Opportunity Near the East Coast The Bayshore […]

Katong Park is one of seven MRT stations in Stage 4 of the Thomson East Coast Line Source LTA 2

Network Effect: How the Thomson-East Coast Line Boosted Property Prices and Rentals

The extension of the Thomson-East Coast Line (TEL) is reshaping Singapore’s East Coast property landscape. With seven new stations—Tanjong Rhu, Katong Park MRT, Tanjong Katong MRT, Marine Parade, Marine Terrace, Siglap, and Bayshore—residents are now closer than ever to convenient, high-speed travel. Today, around 235,000 households are within a 10-minute walk of a TEL station, […]

URA releases reserve list site in Zion Road after developer commits to bid at least 604.6 million 4

Signs of Recovery in Singapore’s Prime Residential Market

The high-end residential market in Singapore has been under pressure over the past year, impacted by both economic uncertainties and stricter cooling measures. When additional buyer’s stamp duty (ABSD) rates increased in April 2023, sales of non-landed private homes in the Core Central Region (CCR)—encompassing Districts 9, 10, 11, Sentosa, and the Downtown Core—slowed, especially […]

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