Property News

Singles will now get a grant of $10,000 if they buy a Housing Board (HDB) resale flat near their parents - a move that analysts described as being "pro-family". The announcement yesterday was among a series of changes to expand grants for home buyers who want to live with or near their parents, so as … Continue reading Singapore Budget 2018: More grants for singles to live with or near parents

A 47-year-old housewife saved $67,000 when she signed on the dotted line to buy a $7.7 million flat in New Futura condominium yesterday, minutes after Finance Minister Heng Swee Keat announced a higher stamp duty for home buyers. From today, the stamp duty on the value or price of a home above $1 million will … Continue reading Singapore Budget 2018: Higher stamp duty not a cooling measure, say analysts

SINGAPORE - The iconic Pearl Bank Apartments in Outram was sold to developer CapitaLand on Tuesday (Feb 13) for $728 million, in its fourth collective sale attempt over the past decade. CapitaLand plans to redevelop the site into a high-rise residential development comprising around 800 units with "social, shared facilities". Here are six reasons why the development … Continue reading Pearl Bank Apartments sold: What makes the development iconic?

An artist's impression of the 12,500 sq ft public park. It is among a slew of moves aimed at making the area greener and a "vibrant people-friendly zone", said National Development Minister Lawrence Wong.PHOTO: CAPITALAND A public park will be one of the features to be incorporated into the re-development of the former Golden Shoe … Continue reading Public park, new cycling paths in Raffles Place

About $211 million in government grants has been disbursed to help some 11,000 families buy resale flats in Housing Board estates so that they can live close to their parents or their married children. A further 1,000 families will get the grants after completing their resale flat deals, the Housing Board said yesterday. These 12,000 … Continue reading 11,000 households get $211m in proximity housing grants

There is some scope to allow short-term accommodations in Singapore that are subject to the proper safeguards and controls, said National Development Minister Lawrence Wong in parliament on Tuesday. He was responding to a question by member of parliament Henry Kwek (Nee Soon GRC), who asked if Mr Wong's ministry would consider working with operators … Continue reading Scope for short-term private home rentals in Singapore: Lawrence Wong

The en bloc fever got an airing in Parliament on Tuesday, with a member of parliament (MP) asking whether the government should consider setting a minimum age for developments seeking to go for a collective sale. In response to the question from MP Lee Bee Wah (Nee Soon GRC), Minister for National Development Lawrence Wong … Continue reading Safeguards already in place against en bloc sale of newer projects

The owners of Pacific Mansion have put the River Valley condominium up for public tender with a reserve price of $938 million or $1,728 per square foot per plot ratio (psf ppr). The development is on a freehold residential site in River Valley Close, with a land area of about 128,352 sq ft. Based on … Continue reading Pacific Mansion up for collective sale at $938m

When it comes to en bloc sales, the deal's not all sewn up when the site is awarded to a property developer. The long-drawn collective sale process at Tampines Court shows that even after a buyer is found, the transaction can still be plagued with technical issues. The Business Times understands that the sale process … Continue reading Some en bloc projects running into technical road blocks

City Developments is no stranger to the West Coast area, having developed Monterey Park Condominium and Hundred Trees (above, at its launch). The third site on offer in the state tender that closed yesterday - in Chong Kuo Road in the Sembawang/Mandai area - received a top bid of $43.95 million, or $681 psf ppr, … Continue reading CDL top bidder for two of three private housing sites