National Development Minister Khaw Boon Wan said the rising age of first time Build-to-Order (BTO) applicants justifies revising the HDB income ceiling. Writing in his blog, Mr Khaw said first-time applicants who applied under HDB's Fiancé-Fiancée Scheme for BTO projects launched in May had a median age of 27. And other first-timers - such as those already married - had a median age of 34. In May,...
General
Mainboard-listed CapitaLand has sold its entire 20 per cent interest in the Macao Studio City project for a cash consideration of HK$658.7 million (S$104.5 million). CapitaLand's stake in the casino project is through its one-third ownership of East Asia Satellite Television. It is selling its stake to its joint venture partner, eSun Holdings, which owns the other two-thirds of East Asia Satellite...
The Urban Redevelopment Authority (URA) has put up an industrial site at Pioneer Road North for public tender. The land parcel was available for sale through the Reserve List system in February this year. The tender was triggered because URA has received an application from a developer for the site on June 3. The developer has committed to bid at a price of not less than S$23.8 million for the land...
Sim Lian Group Limited is launching Centrale 8 at Tampines today. Centrale 8 is a public housing project developed under the Housing and Development Board’s (HDB) Design, Build and Sell Scheme (DBSS). The project covers a total land area of 227,461.6 sq ft. The project comprises 708 units of three- to five-room flats. The three-room flats range in size from 61 sq m to 62 sq m, the four-room flats from...
Private home sales fell 12.7 per cent last month, compared to April, and analysts expect sales - as well as prices - to moderate further given the Government's plans to push out more supply in the coming months. Data released yesterday by the Urban Redevelopment Authority (URA) showed that 1,575 private homes were sold last month, compared to 1,805 units sold in April. Total sales, including Executive...
Whitley Heights, a District 11 condominium development located off Whitley Road has been re-launched for tender with a lower reserve price. This follows the unsuccessful tender exercise called for in January this year. Credo Real Estate managing director, Mr Karamjit Singh, who is handling the sale, said the offers received for the site were below the owners' initial Reserve Price. This prompted the...
The possibility of a “Green Corridor” on the island’s north-south strip of railway land is being seriously considered, according to Brigadier-General (NS) Tan Chuan Jin, Minister of State for National Development. BG Tan has revealed in a Facebook post that the Urban Redevelopment Authority (URA) and National Parks Board have been in negotiations with the Nature Society of Singapore (NSS) over...
Standard & Poor's (S&P) ratings agency lowered its outlook on China's red-hot property market to negative from stable, citing increasingly challenging credit conditions due to regulatory tightening and leverage concerns. China's property prices are expected to fall by 10 per cent over the next 12 months, with a 20-30 per cent dip less likely, S&P said. It also noted that neighbouring Hong...
Singapore has been ranked as Asia's leading global city, according to a study released by PricewaterhouseCoopers. The study ranks cities of the world across a number of parameters such as ease of doing business and livability. Though Singapore took the top spot for an Asian city, it finished in ninth place among all the 26 cities surveyed. Results show Singapore to be doing well in key areas such as...
Data released Wednesday by the Urban Redevelopment Authority (URA) showed that 1,575 private homes were sold last month - a 12.7 per cent on-month drop from the 1,805 units sold in April. Including Executive Condominiums (EC), the total sales in May would have reached an even more impressive figure of 1,825. Chalking up the best sales was Terrasse at Terrasse Lane, which sold 184 units at a median price...