Singaporeans have been able to make profits from the sale of Housing Board flats, and that proves they are owners, not mere tenants, said Minister in the Prime Minister's Office Indranee Rajah yesterday. "If you're not the owner, then you don't get to keep the profit either because tenants don't get to sell," she stressed, when responding to a question from a member of the Indian community during a...

CapitaLand has bought a 60,732 square metre prime residential site in Ho Chi Minh City, Vietnam, for 1.38 trillion Vietnamese dong (S$81.4 million) in cash, the property developer said on Thursday (Aug 30) during the midday trading break. Under the deal, CapitaLand's wholly owned subsidiaries CVH Sparrow, CLV Investment 2 and CLV Investment have acquired 100 per cent of the charter capital of BCLand...

Developer sentiment has dampened significantly following the government’s announcement of new cooling measures, according to a survey conducted by the National University of Singapore (NUS) and the Real Estate Developers’ Association of Singapore (REDAS). Outlook for the prime residential and suburban residential sectors were the hardest hit; office, business park/hi-tech space and hotel/serviced...

An iconic and modern development sprouts up beautifully in the buzzling Queenstown matured estate. Stirling Residences will come with a dazzling architecture coupled with a sense of serenity of space and luxury within the development. Enter a sanctuary in the heart of District 03, where world-leading conveniences are put up your doorstep and dream take flight. It’s an environment that combines...

Mediacorp and property listing portal 99.co signed a strategic partnership on Wednesday (Aug 29) to enhance the user experience in property searches online. The agreement combines Mediacorp’s audience reach and commercial relationships together with 99.co’s listing base, content and data analytics tools to create more related news and information for property buyers, sellers and agents, the two...

Faced with more prohibitive stamp duties on second and subsequent purchases of residential property, some Singaporeans are exploring a trust vehicle to circumvent the latest cooling measures. While the potential savings may be a lure, lawyers say the restrictive characteristics of such trusts may prove a dampener. In July, the government announced adjustments which saw higher additional buyer's stamp...

Developer Bukit Sembawang Estates will open the doors to its upmarket condominium at St Thomas Walk to the public this weekend. A private preview of the freehold condo, 8 St Thomas, was held over the past weekend in Singapore and Hong Kong and saw more than 20 units sold at prices averaging over $3,000 per square foot. Eighty five per cent of sales were for one- and two-bedders, and 70 per cent of...

TOP Global's wholly-owned subsidiary Holland V Investment Holdings has exercised an option with Bhajis Holdings and Lawson Investment Holdings to purchase a property in Singapore for S$13 million. The property, along Lorong Mambong, has a total area of about 2,860 square feet with a freehold tenure. A 5 per cent deposit of S$650,000 has been paid and the balance 95 per cent will be paid when the...

Allowing those who are taking a home loan package from the Housing Board to have options in how they want to use their Central Provident Fund (CPF) money is a “good” move that will give flat buyers greater flexibility in planning for their finances, experts said. However, there could be some risks of over-leveraging as would-be homeowners take up bigger loans, they cautioned. In an announcement...

Malaysian Prime Minister Mahathir Mohamad on Monday (Aug 27) declared that foreigners will not be granted visas to live in the giant Forest City project in Johor, a major threat to the marketing strategy for the development. It is not his first broadside against the plan by Chinese developer Country Garden Holdings Co to create a new city that was envisaged to eventually house 700,000 people on...