General Property News

Ura Puts Bayshore Site Up For Tender

URA Puts Dairy Farm, Tengah, and Bayshore Sites Up for Tender, Offering Nearly 2,000 New Homes

The Urban Redevelopment Authority (URA) has launched three residential sites for tender, aiming to add close to 2,000 new homes. These sites, located at Dairy Farm Walk, Tengah Garden Avenue, and Bayshore Road, are part of the first half of the 2024 government land sales (GLS) programme. Site Details and Potential Dairy Farm Walk: Size: […]

Old Kallang Airport Site Scaled 1

URA Seeks Public Input on Repurposing Old Kallang Airport for Lifestyle and Recreational Activities

Imagine turning an old airport into a bustling hub of lifestyle and recreational activities. That’s exactly what the Urban Redevelopment Authority (URA) is planning for the old Kallang Airport, and they want your input. At a current exhibition held at Kallang Wave Mall, the URA showcases examples of how old buildings can be repurposed, like the […]

The Pinnacle At Duxton Hdb Flats

Rebound in HDB Resale Prices and Volumes Continues in May: SRX,

In May, the Housing and Development Board (HDB) resale market sustained its growth in both prices and volumes, continuing its rebound from the previous month’s recovery after two months of decline. According to flash estimates from SRX and released on Wednesday (June 5), resale prices increased by 0.3 percent month-on-month. This growth was driven […]

Skywaters Residences Singapore Supertall Skyscraper Hero

Skywaters Residences unit sold for S$47.34 million or S$6,100 psf, marking new record for 99-year projects

A penthouse at the ultra-luxury Skywaters Residences has been sold, as recorded in a caveat lodged with URA Realis on May 20. The 7,761 sq ft, 99-year leasehold unit on the 57th floor fetched $47.34 million, or $6,100 per square foot (psf). The buyer, according to the caveat, is a foreigner, though the nationality isn’t […]

Delfi Orchard Up For Collective Sale At $438 Million Guide Price

CDL Acquires Delfi Orchard in S$439 Million En Bloc Deal

City Developments Ltd (CDL) has completed the acquisition of Delfi Orchard, a 40-year-old strata-titled building, for S$439 million. This price is marginally above the guide price of S$438 million set during its mid-April collective sale launch. The purchase price translates to a land rate of S$3,346 per square foot per plot ratio (psf ppr), according […]

Up To 20,000 Homes Planned For Turf City, Including First Bukit Timah Hdb Flats In Almost 40 Years

27 Heritage Structures at Turf City Could Be Preserved; Majority of Two Forested Areas to Be Retained

Two prominent buildings at the former Bukit Timah Turf City stand as important historical markers. The South Grandstand, built in 1933, endured World War II and hosted Queen Elizabeth II in 1972. The North Grandstand, constructed in 1981, is notable for its large cantilevered roof, a symbol of post-independence architecture in Singapore. These grandstands, which […]

Holland Drive Gls Source Ura

Consortium Led by UOL and CapitaLand Places Top Bid of S$805.39 Million for Holland Drive Site

A prime 99-year leasehold private housing site near Singapore’s Holland Village MRT station attracted three bids at a state tender on Tuesday (May 14). Despite its desirable location, the bids were below market expectations, reflecting developers’ cautious approach towards large, premium sites. The highest bid came from a consortium led by UOL Group and CapitaLand […]

Inland Revenue Authority Of Singapore

Iras to claw back S$60 million from buyers who used ‘99-to-1’ loophole to avoid ABSD

As of April 2024, the Inland Revenue Authority of Singapore (IRAS) has identified 166 instances of tax avoidance related to the purchase of private properties, resulting in approximately S$60 million in Additional Buyer’s Stamp Duty (ABSD) and surcharges to be reclaimed. Deputy Prime Minister and Minister for Finance Lawrence Wong disclosed this information on Tuesday, […]