General

The Housing & Development Board (HDB) has launched a White site at Pasir Ris Central for sale by public tender today under the Confirmed List of the 2nd Half 2018 Government Land Sales (GLS) Programme. The site is proposed for a mixed-use development which will comprise a commercial and residential development integrated with a bus interchange, a polyclinic and a town plaza. The site can potentially...

The actual number of Riverfront Residences units sold is lower than previously announced, said KSH Holdings - one of the project developers. The former Rio Casa estate in Hougang has moved "more than 45 per cent" of its 1,472 homes - which works out to at least 662 units - and not 52 per cent, or about 765 homes, as disclosed on Aug 24. Construction and real estate player KSH Holdings, which has a 35...

Property developer CapitaLand on Monday said that it has agreed to sell to CapitaLand Mall Trust (CMT) its 70 per cent stake in Westgate – the retail component of an integrated retail and office development in Jurong - for S$789.6 million. This values a full 100 per cent stake in the development at S$1.128 billion, and translates to S$2,746 per square foot (psf). The sale will generate for...

Hours after Malaysian Prime Minister Mahathir Mohamad said he would ban foreigners from buying homes in the Forest City project in Johor, its developer responded by pointing to laws that allow foreigners to purchase land in the country. In fact, Tun Mahathir had welcomed foreign investment during a meeting with the firm in Beijing just weeks ago, said Country Garden Pacificview. The developer added...

More than 2,000 flats located at a waterfront housing district in Punggol will be launched this month, the Housing and Development Board (HDB) announced on Sunday (Aug 26). The flats are within the first two housing projects for Punggol Point District and are expected to be completed in 2023. Punggol Point Cove will comprise five blocks with 1,172 units while Punggol Point Woods will have six blocks...

Apprehensions over ageing HDB leases might have eased to some extent after Prime Minister Lee Hsien Loong’s National Day Rally speech. Mr Lee did well to explain why HDB leases are limited to 99 years and cannot be indefinitely renewed, for the sake of future generations and for social and practical reasons. While understanding the reasons, Singaporeans can look forward to other options that could...

Last September, WeWork made a show of trying to poach customers from rival co-working companies during the slower months of late summer and early autumn. Employees of the co-working giant cold-called competitors' tenants, set up games and couches outside of other shared-office spaces and offered up to a year's free rent if they switched over. This year, WeWork is enlisting another party in the...

The Government’s commitment to long-term planning shown at this National Day Rally will be needed to continue the work of town redevelopment, and assure younger generations of Singaporeans of a vibrant and modern home. Where does an award-winning conductor who directs world-renowned orchestras call home? That question would likely summon images of a grand Beverly Hills mansion or a luxurious...

Less than a week after announcing long-term housing initiatives during the National Day Rally (NDR), Prime Minister Lee Hsien Loong on Friday (Aug 24) held up the success of the Government's home-ownership and asset enhancement policies, and chided those who claim that the 99-year leases of Housing and Development Board (HDB) flats is "merely extended rental and not a sale". "I find this argument...

By pursuing homeownership as a key national policy, the Government has improved the lives of Singaporeans significantly, Prime Minister Lee Hsien Loong said in a speech on Friday (Aug 24), following key announcements on housing policy at Sunday’s National Day Rally. "The Government has long pursued home ownership as a key national policy, for many good reasons," he said as he launched a book -...