During the launch weekend on March 2 and 3, TID successfully sold 50 units of its Lentoria project, accounting for 19% of the development, with prices starting at S$1,958 per square foot (psf). Notably, over 70% of the sold units were two and three-bedroom configurations ranging from 700 sq ft to 1,119 sq ft. Lentoria, situated […]
Land betterment charge (LBC) rates for various use groups, including residential, commercial, industrial, and hotels, have been increased for the first time since a review in September 2011. The new rates for the period from March 1 to Aug 31 were announced on Feb 29 after a review by the Singapore Land Authority in consultation […]
Hong Kong has decided to remove cooling measures in an attempt to revitalize its sluggish residential market and provide additional support for tourism, forming part of a comprehensive plan to reinvigorate the struggling financial hub. Financial Secretary Paul Chan announced the immediate cancellation of measures aimed at curbing housing demand, stating that these policies are […]
A coveted 99-year leasehold site in Holland Drive, capable of accommodating approximately 680 units, is now open for sale as part of the confirmed list for the first-half 2024 Government Land Sales (GLS) program. This marks the first GLS site launch in the Holland Village vicinity since the award of a nearby Holland Road site […]
The landscape of January 2024 diverges significantly from that of January 2023. Interest rates have peaked, inflation is receding, and the S&P 500 is scaling new heights. While the descent in interest rates may not be as swift as anticipated by some, the prevailing sentiment is optimistic, with investors gradually emerging from their hiatus. Projections […]
Zhang Ying, the spouse of Jack Ma, co-founder of Alibaba Group, has reportedly acquired three adjacent shophouses along Duxton Road for an estimated S$45-50 million. As reported by The Business Times, the Singaporean citizen purchased units located at 70, 71, and 72 Duxton Road, all of which are 99-year leasehold properties with 63.5 years remaining. […]
In the latest Budget announcement, Finance Minister Lawrence Wong revealed that annual value (AV) bands for owner-occupied residential property tax rates will undergo revision starting January 2025. The adjustment aims to provide homeowners with the prospect of either maintaining or reducing their property tax bills, assuming no alteration in their properties’ AVs and before any applicable […]
According to a recent study of 27 countries on opportunities for families to relocate and enhance their earnings, Singapore has secured the third position globally. The study, conducted by citizenship advisory firm Henley & Partners, crowned Switzerland as the best country for building multi-generational wealth, offering unparalleled opportunities for families seeking higher earnings and promising […]
Singapore’s land sales have surged to an extraordinary six-year high, totaling S$8.15 billion in the fiscal year ending March 31, 2024. This remarkable achievement surpasses the previous record of S$8.4 billion set in FY2017, showcasing a significant uptick in government revenue from state land sales (GLS). The contrast between FY2023 and the preceding fiscal years […]
The Urban Redevelopment Authority (URA) has rejected the sole bid for a 99-year leasehold plot in Marina Gardens Crescent, Marina South, citing that the offer from GuocoLand (Singapore), Intrepid Investments, and TID Residential was “too low.” The white site, designated for residential and commercial development, received only one bid of nearly $770.5 million or $984 […]
