The cooling measures that hit the market in July are aimed at preventing property bubbles and stabilising the market so prices move in line with income growth and economic fundamentals. That was the message from National Development Minister Lawrence Wong when he addressed the Real Estate Developers' Association of Singapore (Redas) 59th anniversary dinner yesterday. … Continue reading July curbs to prevent property bubbles, says Lawrence Wong
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?
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
In the light of a growing trend of oversized condominium balconies, the Urban Redevelopment Authority (URA) moved on Wednesday (Oct 17) to cap balcony sizes for the first time. The URA will impose a limit on the sizes of balconies in private homes to no more than 15 per cent of the internal floor area … Continue reading New rules on condominium balcony size and width
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
When Prime Minister Lee Hsien Loong announced a new scheme to redevelop old Housing Board flats, a friend texted me this message: "A U-turn looking straight!?" He had called it an about-turn because the Government had given the impression it would not extend the 99-year leases of HDB flats when they reach the end of … Continue reading The twists and turns of HDB flat values
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