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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

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

Twin VEW's two 36-storey towers will house one-to four-bedders from 484 sq ft to 1,518 sq ft, as well as the penthouses. One draw is the project's proximity to both the Jurong Lake District and the planned Kuala Lumpur-Singapore high-speed rail's terminus.PHOTO: CSC LAND GROUP CSC Land Group saw a "strong response" at the weekend … Continue reading Strong take-up of Twin VEW apartments

A tender for a master developer to redevelop Kampong Bugis near the Kallang River into a car-lite residential precinct will be called in the next one to two years, The Business Times understands. The land up for tender, likely to stand at about 13 ha, is expected to have a 99-year leasehold. It includes a … Continue reading Kampong Bugis master developer tender to be launched in 1 to 2 years

Deep-pocketed buyers have been out in force this year, with at least 19 sales of luxury apartments with price tags in excess of $10 million. The most expensive unit in terms of absolute price sold so far was a sprawling unit at City Developments project Gramercy Park, which went for $24.5 million or $3,362 per … Continue reading Strong sales of luxury apartments this year

Rivercove Residences wrapped up the first ballot and booking exercise for the executive condominium (EC) with nearly 80 per cent of its 628 units sold at an average price of S$965 psf. Located in the Anchorvale Lane neighbourhood of Sengkang, it is the sole EC launch for this year and is being developed jointly by … Continue reading Rivercove Residences EC units 80% sold at average S$965 psf

A joint entity of Chinese developer Yanlord Land Group and MCL Land has bought freehold Tulip Garden for $906.9 million - the second biggest collective sale this year. The price is 20.4 per cent higher than the reserve of $753 million submitted by owners of the 316,708 sq ft estate completed in 1985. Tulip Garden, … Continue reading Freehold Tulip Garden sold en bloc for $907m