General

The freehold Selegie Centre in prime District 7 has been sold en bloc at its reserve price of $120 million. This deal - the development's third attempt at a collective sale - is at a land rate of $1,942 per square foot per plot ratio (psf ppr). It means owners of the 84 sq m apartments there will reap about $1.7 million while shop owners can expect between $1 million and $12 million, depending on the...

Yotelair, which is known for its creative cabins and smartbeds, will open its first Asian airport hotel at the newly built Jewel Changi on Apr 12. The brand is already present in five other airports, including London's Gatwick and Heathrow, Amsterdam's Schiphol, Paris' Charles de Gaulle and Istanbul. “We are tremendously excited to open our first Yotelair in Asia here in Singapore, and even more so...

Goodluck Garden's en bloc is still on after an appeal by dissenting owners was dismissed by the Court of Appeal on Thursday. This follows a lengthy dispute over the fate of the condo, which Qingjian Realty bought for S$610 million in March 2018. Some owners had registered objections leading to the Strata Titles Board (STB) issuing a stop order. It received the green light from the High Court in...

HDB resale transactions resumed their downtrend in February amid the Chinese New Year lull, after January enjoyed the first month-on-month increase in sales since last July's cooling measures. Last month, 1,313 HDB resale flats changed hands, 15.8 per cent less than in January, according to flash estimates from real estate portal SRX on Thursday. Year on year though, last month's sales volume was 9.9...

Those looking to purchase Build-to-Order (BTO) flats will soon be able to receive the results of their applications earlier, said Minister for National Development Lawrence Wong on Thursday (Mar 7). The balloting time for BTO flats will be reduced from six to three weeks, and will take effect from the May 2019 BTO exercise. "We have also been studying ways to improve our BTO application processes,"...

The Government is set to make changes to CPF usage rules for older flats by May this year, said Minister for National Development Lawrence Wong on Thursday (Mar 7). Mr Wong made the announcement in his Committee of Supply speech, saying that while the CPF rule is intended to safeguard the retirement adequacy of buyers who purchase older flats, its design has led to some "unintended...

The Step-Up CPF Housing Grant (SUHG) will be expanded as part of a slew of measures to support more lower-income families living in public housing, said Minister for National Development Lawrence Wong on Thursday (Mar 7). "Several members have asked if MND (Ministry for National Development) can do more to help these families own their own homes," Mr Wong said in Parliament during his Committee of...

WeWork is augmenting its presence in Singapore with its new location at 380 Jalan Besar, the US-based co-working space provider announced in a press statement on Tuesday. The new space, which opened its doors on March 1, is housed in ARC 380, a mixed-purpose commercial development, and marks the firm's first location with additional amenities such as a sky terrace with a swimming pool, a gym and an open...

The Housing and Development Board (HDB) will set up a team dedicated to helping rental households attain eventual home ownership, said Senior Parliamentary Secretary for National Development Sun Xueling on Tuesday (Mar 5). Speaking during the Building a Society of Opportunities joint segment during the Committee of Supply debate, Ms Sun said that the Home ownership Support Team (HST) will provide...

The Real Estate Developers' Association of Singapore's (REDAS) new president Chia Ngiang Hong on Tuesday suggested ways property curbs on the private housing market could be more targeted, and called for more dialogue between the government and stakeholders in policymaking. Mr Chia, who is also the group general manager of City Developments Limited, was speaking at the industry association's spring...