The government will spend about S$1 billion over the next five years to realise the remaking plans for the three areas selected for the HDB's "Remaking Our Heartland" programme. Describing them as established ones, National Development Minister Mah Bow Tan said they are Hougang, East Coast and Jurong Lake areas. Launching the Remaking Our Heartland plans at Hougang on Saturday, Mr Mah explained that the...
General
It has been one week since the new registration regime for estate agencies and property agents came into effect. So far, 1,288 agency licences have been issued. Meanwhile, 28,766 agents have been registered, out of an estimated 32,800 applications received. Observers said the rules will clean up what was previously known as a "cowboy" industry. But some agents are unhappy as they said the process has...
The Housing and Development Board (HDB) is launching a residential site for sale by public tender under the Reserve List System. The site is located at Bishan Street 14 and is slated for development as Condominium Housing. The area is around 12,000 square metres in size, with a maximum gross floor area of some 58,000 square metres. It has a lease term of 99 years and would be able to accommodate 590...
Aljunied GRC seems to be gearing up to win hearts of its 250,000 residents ahead of elections due by February 2012. It unveiled on Friday a five-year draft masterplan, the second such plan to be revealed by Aljunied GRC MPs since the last election in 2006. Among the highlights is a 13-kilometre park connector. It will improve access to three new MRT stations - Kaki Bukit, Bedok Town Park and Bedok...
The iconic black and white colonial bungalows near the city remain one of the most sought after housing types in Singapore. Over 90 per cent of the 33 black and white bungalows on Mount Pleasant have been leased out by their master tenant The Ascott, which operates serviced residences around the world. The Ascott has been running the black and white bungalows as serviced residences since 1999. It is...
Based on URA and HDB projections, there could be a deluge of homes in 2013 and 2014 It was a week before last Christmas when we celebrated the Housing and Development Board's (HDB) completion of 1 million flats. This is an awesome achievement. With 1 million flats averaging about 1,000 sq ft each, the HDB has within 50 years completed and handed over a billion sq ft of residential space. A billion sq ft....
Experts say mass-market condos will lead housing demand this year With private home prices at record highs, industry players expect developments catering to the mass market to lead demand this year. Property is seen as a safe and appreciating asset, they say, adding that Singapore's growing economy and low borrowing rates have injected ample liquidity into the market. But even as property is viewed as a...
When the real estate figures for the private housing market for Q3 2010 were released in late October, the landed sector pulled off a huge surprise by going against the market trend. Instead of slowing down like the rest of the market as it absorbed the impact of the most recent set of cooling measures, prices rose at an accelerated pace. The rate of price increase for high-rise apartments and...
Oxley Holdings is set to unveil two new residential developments: Loft@Holland and Vibes@Kovan. Loft@Holland is a 42-unit apartment building located at 151 Holland Road. It consists of 37 one-bedroom units, with sizes ranging from 323 sq ft to 484 sq ft, and four units of two-bedroom penthouses, ranging from 980 sq ft to 1,141 sq ft. The development has a basement car park, swimming pool and a gym. Its...
GuocoLand China, the Chinese property arm of Malaysian tycoon Quek Leng Chan, continues to be bullish on China despite the various curbs imposed by the authorities in their attempts to cool the property market there. In fact, it is so confident that prices will continue to remain high, that it recently bid for a piece of land in Shanghai's Putuo District at a price even above those it obtained when it...