What happens when you sell property that you previously paid with CPF?

Many Singaporeans use their CPF savings to finance their homes, but have you ever wondered what happens if you decide to sell your property? Firstly, if you are planning to sell your HDB, you need to make sure that you have first fulfilled the Minimum Occupation Period (MOP) before you engage a property agent or … Continue reading What happens when you sell property that you previously paid with CPF?

Plans under way to reshape Sentosa, Brani

Sweeping changes are afoot for Sentosa, the adjacent Pulau Brani and the waterfront along Tanjong Pagar, with plans being made to develop new attractions and brand the area as the Southern Gateway of Asia. There are plans, for instance, to reshape the entire Sentosa Island to provide scope for more leisure amenities and investments, and … Continue reading Plans under way to reshape Sentosa, Brani

URA cuts number of units allowed to be built in condos, private flats

From early next year, the maximum number of units allowed in new private flat and condominium developments outside the central area will be reduced, as the Urban Redevelopment Authority (URA) has revised its guidelines in a bid to manage potential strains and stresses on infrastructure. The new guidelines, announced yesterday, will further curb the proliferation … Continue reading URA cuts number of units allowed to be built in condos, private flats

Development charge hikes set to ease collective sale fervour

The collective sales market in some prime areas will likely be further dampened by the¬†higher development charges (DC) for non-landed residential use¬†announced yesterday, said property consultants. The rates, which are assessed every six months, are payable by developers seeking to enhance the use of a site or build a bigger project on it. They shot … Continue reading Development charge hikes set to ease collective sale fervour

CapitaLand and CDL team up again – this time for Sengkang mixed development

FOR the first time in about a decade, property heavyweights CapitaLand and City Developments are teaming up for a project in Singapore. The duo have just clinched a plum 3.7-hectare commercial and residential site next to Buangkok MRT Station under a dual-envelope (price and concept) state tender. The site can yield a maximum gross floor … Continue reading CapitaLand and CDL team up again – this time for Sengkang mixed development