Property News

July curbs to prevent property bubbles, says Lawrence Wong

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

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