General

The Urban Redevelopment Authority (URA) has concluded a study on improving connectivity along the Kallang River and is seeking public feedback on its recommendations, it said on Tuesday (Apr 11). Ideas were sought in 2015 to see if the 10km Kallang Park Connector, which links Bishan-Ang Mo Kio Park and Kallang Riverside Park, can be improved so that it can serve as a seamless cycling...

Private home prices in Singapore continued their decline in the first quarter of this year – the 14th straight quarter of contraction, according to flash estimates released by the Urban Redevelopment Authority (URA) on Monday (Apr 3). The private residential property index fell to 136.5 points in the first quarter, down 0.7 point from the previous quarter. This represents a decline of 0.5 per cent,...

The Housing & Development Board (HDB) received an average of 2.7 applications for every two-room Flexi Build-To-Order (BTO) flat offered in 2016, said Minister for National Development Lawrence Wong in Parliament on Monday (Apr 3). The applications came from a mix of families, elderly and singles, said Mr Wong who was responding to a parliamentary question by Dr Lee Bee Wah, Member of Parliament (MP)...

Resale prices of Housing & Development Board (HDB) flats declined by 0.6 per cent in the first quarter of the year compared to the previous quarter, according to flash estimates released by HDB on Monday (Apr 3). The resale price index - which provides information on the general price movements in the resale public housing market - is estimated to have slid to 133.8 from 134.6 the previous quarter, HDB...

The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reserve official said on Tuesday, urging regulators globally to consider tools beyond interest rates that could help cool the sector. A sharp downturn in U.S. residential and commercial property prices in 2007 and 2008 rocked banks that were highly leveraged in the sector, sparking the global...

Market experts are anticipating strong pent-up demand for the upcoming condominium project at Siglap Link by Singapore-listed Frasers Centrepoint Limited by virtue of its location and palatable price quantums for the smaller units. The launch is scheduled on April 22 after a two-week preview starting this weekend, comes on the heels of strong sales in earlier launches this year. The 843-unit Seaside...

Five broad key ideas to rejuvenate Kallang River were introduced on Wednesday (Mar 29), when the Urban Redevelopment Authority (URA) launched the A River Runs Through It exhibition. The exhibition is a call for public feedback and ideas on a preliminary conceptual plan to rejuvenate the Kallang River, and revitalise the areas around the river, and was officiated by National Development Minister Lawrence...

For the fourth consecutive year, Singapore has been ranked the world's most expensive city for expatriates to live in, in a survey by the Economist Intelligence Unit (EIU). The Worldwide Cost of Living 2017 report listed five Asian cities in its top six, including Hong Kong, Tokyo, Osaka and Seoul. The exception was Switzerland's Zurich, which was ranked third. Geneva, Paris, New York and Copenhagen...

The last of Singapore's Housing and Urban Development Company (HUDC) estates has been privatised, it was announced on Friday (Mar 17). Braddell View estate has obtained the required 75 per cent majority support from flat owners to proceed with the privatisation, said the Housing and Development Board (HDB) in a press release. With effect from Friday, it will be converted into a strata-titled estate...

Demand for new private homes more than doubled in February, with 977 units sold by developers compared with the 382 units sold in January, according to figures by the Urban Redevelopment Authority (URA) on Wednesday (Mar 15). Compared to figures a year earlier, the 977 units sold is more than triple that of the 303 units sold last February. Including executive condominiums (ECs), a total of 1,306...