A number of Singapore government agencies are working together to review land-use policies and planning guidelines to facilitate flexibility in land use, the Ministry of National Development (MND) has said. "The implementation details are being finalised, and we will share them when ready," it said. The brief comments came in response to queries from The Business Times following the call by the...
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ingapore's residential property curbs are set to stay in place for at least another year amid signs the city's housing market is stabilising, the chief executive officer of South-east Asia's biggest developer said. "We see volume picking up and the price declines have slowed," Lim Ming Yan, the president and CEO of CapitaLand Ltd, said in a Bloomberg Television interview on Wednesday. "We see this trend...
RENTALS for non-landed private homes in Singapore rose in January 2017 over December 2016 amid an increase in leasing volume, while rents and leasing volume of Housing & Development Board (HDB) flats headed south over the same period. According to the latest flash estimates released by SRX Property on Wednesday morning, its rental index for private apartments and condos climbed 1.3 per cent...
DEVELOPERS in Singapore sold 381 private homes in January 2017, up from the 367 private homes in December 2016 and 324 units in January 2016. These figures exclude executive condominiums (ECs). Including ECs, which are a public-private housing hybrid, developers found buyers for 565 units in January 2017, down from the 580 units in December 2016 but higher than the 480 units in January 2016. The...
Home and room-renting site Airbnb said it is "committed to working with the Government to adopt a model of home-sharing that works for Singapore" even as laws prohibit private property owners from renting out their homes for less than six months. On Monday (Feb 6), National Development Minister Lawrence Wong said in Parliament that the Government is considering creating a new class of homes where...
A total of 4,056 Build-To-Order (BTO) flats were launched in Punggol, Clementi and Tampines on Tuesday (Feb 14), the Housing and Development Board (HDB) announced. This is the first tranche of 17,000 flats to be launched in 2017, it said. Flats offered in this BTO launch range from 2-room Flexi to Three-Generation (3Gen) flats. The price range for these flats range from S$81,000 for a 2-room Flexi...
Prevailing market conditions may affect prices of new HDB units offered under the Sale of Balance Flats (SBF) exercises, said National Development Minister Lawrence Wong in Parliament on Tuesday (Feb 7). He was responding to a question by Workers' Party chief Low Thia Khiang on the pricing mechanism of units under Build-To-Order (BTO) and SBF exercises and why prices could differ for the same flat in...
The use of private property for accommodation of less than six months was legislated as illegal in Singapore on Monday (Feb 6), making it unlawful for owners to rent out their homes via online homestay networks such as Airbnb and Roomorama. Such short-term rentals of private property were already prohibited under guidelines by the Urban Redevelopment Authority (URA) and those who flout the rules face up...
The Red Dot Traffic Building, known for its eye-catching red hue, will be restored to its original off-white colour as part of a S$25 million restoration plan, the Ministry of Law announced on Friday (Feb 3). Built in 1928, the iconic building at 28 Maxwell Street used to house the former Singapore Traffic Police Headquarters, and was given conservation status by the Urban Redevelopment Authority in...
THE Housing & Development Board (HDB) on Tuesday launched 4,056 flats for sale under the February 2017 Build-To-Order (BTO) exercise. The flats being offered in the first tranche for 2017 span across six projects in the non-mature town of Punggol, and the mature towns of Clementi and Tampines.They range from two-room Flexi to three-generation (3Gen) flats. A project in Woodlands, originally planned...