Singapore is moving ahead with plans for the Voluntary Early Redevelopment Scheme (VERS), targeting a rollout at selected HDB estates in the early 2030s. In an interview on 5 August 2025, National Development Minister Chee Hong Tat confirmed that the Government is focusing on developing the VERS framework, with no new SERS (Selective En bloc […]
Starting August 18, restaurants, bars, pubs, and nightclubs in Boat Quay and Clarke Quay can apply to extend their liquor licences until 4am on Thursdays and Fridays. The year-long pilot programme aims to revitalise nightlife in the Singapore River precinct, attract more visitors, and boost business for F&B and entertainment operators. The move also lifts […]
Singapore is set to roll out around 55,000 Build-To-Order (BTO) flats from 2025 to 2027, a 10 per cent increase from the previously announced 50,000 units. The move aims to meet growing demand for new flats while easing pressure on the resale market, according to National Development Minister Chee Hong Tat. Of the planned launches, […]
In one of Singapore’s biggest financial crime cases, six law firms have been named for their roles in handling property transactions linked to a $3 billion money laundering operation. The Ministry of Law (MinLaw) has released new details following the conclusion of investigations into these firms and lawyers involved in conveyancing of the seized properties. […]
As more private condominiums in Singapore cross the 30-year mark, issues like lift breakdowns, outdated infrastructure, and tight sinking funds are becoming more common — putting pressure on residents, MCSTs, and managing agents. One example is Fernwood Towers, a 31-year-old freehold development near Siglap. Frequent lift failures since 2021 led to frustration among residents. In […]
City Developments Limited (CDL) has set a new record for executive condominium (EC) land prices with its successful bid of $782 psf ppr for a plot at Woodlands Drive 17, marking the highest land rate ever for an EC site. The tender closed on Aug 5 with strong developer interest, reflecting confidence in Singapore’s EC […]
Sim Lian Land and Sim Lian Development have submitted the highest bid for the Government Land Sales (GLS) site at Holland Link, offering S$368.37 million or S$1,432 per square foot per plot ratio (psf ppr). This is 22.2% higher than the second-highest bid from Wee Hur’s subsidiary at S$1,171.70 psf ppr, and 55.7% higher than […]
A recent High Court ruling has clarified that property decoupling schemes aimed purely at avoiding Additional Buyer’s Stamp Duty (ABSD) could be considered tax evasion. This comes after a legal dispute involving an unmarried couple who had co-owned a property in a 99-to-1 share split. The arrangement was originally planned to allow the minority owner […]
The Singapore new launch market showed strong momentum over the weekend as more than 900 private homes were sold across three new projects — River Green, Promenade Peak, and Canberra Crescent Residences. River Green: 88% Sold, Highest Sales Rate River Green by Wing Tai, located at River Valley Green in District 9, was the standout […]
GuocoLand and Hong Leong Holdings are set to launch Springleaf Residence, the first high-rise condominium in the Springleaf estate, with prices starting from S$1,995 per square foot. Located in District 26, the 99-year leasehold project sits on a 32,023.7 sqm site just a 2-minute walk from Springleaf MRT station on the Thomson-East Coast Line. The […]
