Minister for National Development Khaw Boon Wan said the Housing and Development Board (HDB) is on track to deliver 13,600 new flats to Singaporeans this year. In a blogpost, Mr Khaw said he witnessed the handover of keys from the main contractor to HDB at Floral Spring @ Yishun on Friday. The project marks the completion of 9,000 HDB flats this year. This is 50 per cent more than in June, when 6,000...
General
The Government’s new loan curbs and debt-servicing framework have hit hard at home and are pushing more Singaporeans to overseas properties to seek better returns. Like many Asian investors who have also been hit by property cooling measures, more Singaporeans are looking out for the next sweet spot where prices are lower and investment yields higher than back home. Traditionally, Singaporeans...
The property market is set to pick up steam with several new launches coming up from this weekend. Demand for private homes has taken a hit recently following moves to curb housing loans. But developers launching the new projects remain upbeat on the sales prospects of their units. New private property launches are coming up fast after the end of the Hungry Ghost month. Some 150 units at The...
Singapore's commercial district will soon have more new offices. Asia Square Tower 2 was awarded its Temporary Occupation Permit (TOP) on September 2. This marks the completion of the integrated commercial development in Marina Bay. Asia Square Tower 2, the only new office development to be housed in the Central Business District (CBD) this year, spans close to 800,000 square feet of Grade A...
A land site in Yishun for mixed commercial and residential development attracted five bids at the close of its tender on Thursday, according to the Housing and Development Board (HDB). Frasers Centrepoint, through its units North Gem Development & FC North Gem Trustee, submitted the highest bid of S$1.43 billion for the land parcel at Yishun Avenue 2/Yishun Central 1. This works out to about S$1,077...
Details of new Housing and Development Board (HDB) schemes to help lower- and lower-middle-income Singaporean families own their homes were unveiled on Aug 27, following the broad measures announced at the National Day Rally. The schemes include additional grants for first-time buyers for up to four-room flats and a step-up grant for those upgrading from two-room to three-room flats. It is heartening to...
Singapore-listed property development and investment firm Heeton Holdings is seeking to further regionalise its business over the next three years. The company’s objectives include diversifying its earnings from beyond Singapore to tap opportunities in emerging economies amid a challenging property market in the city-state. Onze@Tanjong Pagar is Heeton Holdings' latest project on the market. The...
Singapore has kept its position as the world's second most competitive economy, according to the World Economic Forum's (WEF) Global Competitiveness Report released on September 3. Switzerland ranked first in the report and Finland is third after Singapore. The Geneva-based body said Switzerland has kept its title as the world's most competitive economy for the fifth year running. WEF also said...
Singapore National Development Minister Khaw Boon Wan said the government is considering the possibility of developing a master plan for underground spaces. The purpose is to find out how practical underground plans can complement the above-ground master plan to make the city more exciting and liveable. In a blog post on Tuesday, Mr Khaw noted the possibilities of creating underground transport hubs,...
The government will be launching a hotel site at Havelock Road for sale by public tender in two weeks’ time. The Urban Redevelopment Authority (URA) said the site on the government's reserve list was triggered for sale after a developer had committed to bid at a price of not less than S$18 million for the site. Under the Reserve List system, a site will only be put up for tender if the developer's...