Singapore was ranked as the best place to live in Asia for expatriates and 25th best in the world in the 19th Quality of Living survey by consulting firm Mercer's released on Tuesday (Mar 14). Vienna, Austria's grand capital on the Danube river, was ranked first for the eighth year in a row, while Baghdad is again considered the worst place to live. Two Japanese cities, Tokyo and Kobe, were the next...
General
Just 3 minutes' walk from the upcoming Siglap MRT Station, Seaside Residences is a residential development along Siglap Link and the East Coast Park. Close to numerous top schools, business parks, leisure destinations and the beach, it offers residents a rare opportunity to make the seaside their home. Seaside Residences is the one new launch in the East Coast offers you unblocked views of the sea,...
The Government’s tweaks to some residential property cooling measures on Friday (Mar 10) are a timely move, but observers said these adjustments are unlikely to have a significant impact on the local property market. Even as the announcements marked the Singapore Government’s first relaxation of the property cooling measures rolled out since 2009, market participants should not expect further...
Home owners will only have to wait three years before selling their properties to avoid paying seller’s stamp duties (SSD), down from four years currently, under several adjustments made to property cooling measures. With effect from Saturday (Mar 11), those who sell their properties within three years will also pay less in SSD, according to a joint press release by the Ministry of Finance, Ministry...
Property developers are leasing more space to co-working space operators, even as demand rises from businesses in the new economy looking for flexible work areas. Currently, there are 53 co-working space locations in Singapore, almost one-third of which are in the Central Business District (CBD) – up from about one-fifth of the overall 40 co-working offices a year ago, according to real estate company...
The Chinatown Street Market will finally get its makeover from May 15, announced the Chinatown Business Association on Friday (Mar 10). Work is expected to take more than a year and finish by the end of 2018. The refurbishment work will take place in phases to minimise disruption, especially during Chinese New Year and the Mid-Autumn Festival, to ensure that most of the market remains open, said the...
From 12th of March, some stretches of Upper Aljunied Road will be permanently closed to traffic as part of plans to transform it into a heritage walk, the Housing and Development Board (HDB) said on Friday. The existing road will be turned into the Bidadari Heritage Walk to recount the history and stories of the estate’s heritage, including prominent personalities of the past, HDB said. The 700m...
In the first transaction of an entire Singapore office building this year, DBS Group announced on Friday evening that it is selling PwC Building at 8 Cross Street to an indirect subsidiary of Manulife Financial Corp. The deal values the 28-storey office block at S$747 million, which works out to S$2,100 per square foot based on its net lettable area of 355,704 sq ft. The property is on a site with a...
HDB resale prices fell 0.3 per cent in February compared with January. Resale prices of HDB four-room, five-room and executive flats fell 0.2 per cent, 0.5 per cent and 1.7 per cent respectively, while those of three-room flats rose 0.2 per cent. This was according to the SRX Property Price Index for HDB Resale. Year-on-year, prices have decreased by 0.6 per cent from February 2016, and 11.5 per...
THE government is planning to make legislative changes to subject "significant owners of residential-property-holding entities" to stamp duties when they transfer equity interest in such entities, in the same way they would be subjected to stamp duties if they were to buy or sell the properties directly. This planned move is perceived by some industry players as plugging an existing regulatory...