Bidadari is expected to be the most popular of the three recently announced housing areas among home buyers due to the area’s convenient location. Property analysts compared the area with Punggol Matilda and Tampines North and said that Bidadari’s city-fringed location and proximity to two MRT stations will work in its favour, especially among younger people. The experts said that even its...
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The real estate arm of the huge Philippine conglomerate Ayala Corp has landed in Singapore with its first Asian offshore office, aiming to tap the growing interest here in overseas property investments. Interest in Philippine properties among Singaporean investors is a fairly recent phenomenon, President and Chief Executive of Ayala Land Tony Aquino told TODAY. The country’s economic growth and...
The government has revised the development charge (DC) rates for the next six months, with increases seen in the DC rates for industrial and residential land sites. In a statement issued on Friday, the Ministry of National Development (MND) said the DC rates for other land use groups remain unchanged. A development charge is a levy that is payable by the developer when a property site is developed...
Novena will soon boast a 17-hectare mega integrated healthcare hub built around Tan Tock Seng Hospital. It is set to be completed by 2030. It will link up healthcare facilities, as well as the Lee Kong Chian School of Medicine, to form "Health City Novena". The project was spearheaded by Tan Tock Seng Hospital, the National Healthcare Group and the Health Ministry. Central Singapore is ageing...
The Government first introduced a Seller’s Stamp Duty (SSD) in February 2010 on all residential properties to cool the housing market that was rebounding on the back of the economic recovery from the global financial crisis in 2009. The SSD was subsequently revised twice — in August 2010 and January 2011 — to serve as additional deterrence against short-term speculation. Sellers are slapped with a...
In light of the new rules announced on Tuesday by the Housing and Development Board, some market watchers are once again suggesting that it would not be long before HDB resale prices start to correct, beginning with the larger flats. Permanent residents will now have to wait three years after receiving their PR status to buy a resale HDB flat, softening demand from this group of buyers, who presently...
JTC Corporation (JTC) and Urban Redevelopment Authority (URA) on Thursday released four industrial sites for sale by public tender. Offered under the Second Half 2013 Industrial Government Land Sales (IGLS) programme, the sites will provide more choices for industrial development. The four sites have a total land area of 3.4 hectares. Two sites in Tuas South, plots 4 and 28, have a 21-year 9-month...
Three new housing areas will be launched over the next few years, offering 40,000 new homes in all. They are Punggol Matilda, Tampines North and the new centrally-located estate of Bidadari. Homebuyers will be able to apply for units as soon as September -- when some 500 units at Punggol Matilda are launched by the HDB. From waterfront living at Punggol Matilda, to a boulevard park at Tampines North,...
Buyers are being drawn to more affordable and smaller units following the government’s latest property cooling measures and stricter loan rules, according to a report from DTZ. During the second quarter, 2,571 buyers (38 percent) opted to buy homes below S$1 million, higher than the 1,835 buyers (31 percent) in the previous quarter. Purchases between S$1 million to S$1.5 million also increased to 33...
The new Three-Generation (3Gen) flats provide a good option for multi-generation families to live together but living as an extended family may give rise to conflict, experts said. Aris Lee is a potential 3Gen homebuyer who currently lives in a four-room flat with her husband, four children, her mother and a domestic helper. Ms Lee and her family are looking forward to more living space as they hope...