Hours after Malaysian Prime Minister Mahathir Mohamad said he would ban foreigners from buying homes in the Forest City project in Johor, its developer responded by pointing to laws that allow foreigners to purchase land in the country. In fact, Tun Mahathir had welcomed foreign investment during a meeting with the firm in Beijing just weeks ago, said Country Garden Pacificview. The developer added...
More than 2,000 flats located at a waterfront housing district in Punggol will be launched this month, the Housing and Development Board (HDB) announced on Sunday (Aug 26). The flats are within the first two housing projects for Punggol Point District and are expected to be completed in 2023. Punggol Point Cove will comprise five blocks with 1,172 units while Punggol Point Woods will have six blocks...
Apprehensions over ageing HDB leases might have eased to some extent after Prime Minister Lee Hsien Loong’s National Day Rally speech. Mr Lee did well to explain why HDB leases are limited to 99 years and cannot be indefinitely renewed, for the sake of future generations and for social and practical reasons. While understanding the reasons, Singaporeans can look forward to other options that could...
Last September, WeWork made a show of trying to poach customers from rival co-working companies during the slower months of late summer and early autumn. Employees of the co-working giant cold-called competitors' tenants, set up games and couches outside of other shared-office spaces and offered up to a year's free rent if they switched over. This year, WeWork is enlisting another party in the...
The Government’s commitment to long-term planning shown at this National Day Rally will be needed to continue the work of town redevelopment, and assure younger generations of Singaporeans of a vibrant and modern home. Where does an award-winning conductor who directs world-renowned orchestras call home? That question would likely summon images of a grand Beverly Hills mansion or a luxurious...
Less than a week after announcing long-term housing initiatives during the National Day Rally (NDR), Prime Minister Lee Hsien Loong on Friday (Aug 24) held up the success of the Government's home-ownership and asset enhancement policies, and chided those who claim that the 99-year leases of Housing and Development Board (HDB) flats is "merely extended rental and not a sale". "I find this argument...
By pursuing homeownership as a key national policy, the Government has improved the lives of Singaporeans significantly, Prime Minister Lee Hsien Loong said in a speech on Friday (Aug 24), following key announcements on housing policy at Sunday’s National Day Rally. "The Government has long pursued home ownership as a key national policy, for many good reasons," he said as he launched a book -...
Singapore investors have spent in total US$4.6 billion (S$6.3 billion) on cross-border real estate transactions in the 12 months through to the second quarter of this year. According to a report released by Real Capital Analytics (RCA), a real estate and market intelligence provider, it ranked Singapore investors as the second most active in Asia-Pacific during the reported period. One of the top...
The multi-pronged approach that the Government outlined this past week to resolve issues regarding the dwindling leases of HDB flats has by and large been well received by Singaporeans. The new announcements by Prime Minister Lee Hsien Loong at the National Day Rally (NDR) could not have been more timely. Concerns over depleting leases have plagued the HDB resale market, with demand for ageing flats...
More properties were auctioned in the first half of the year but the sales value was down markedly on the same period last year due to the lack of big-ticket landed units. Transaction value came in at about $39.6 million, a fall of 11.2 per cent compared with the same six months last year, a Knight Frank report showed. It noted that demand for large quantum properties remained patchy due to the...