The income ceilings to qualify for the purchase of new Housing Board flats will be raised and first-time flat buyers will get more generous housing grants from Wednesday (Sep 11). The household income cap will go up from S$12,000 to S$14,000 for families looking to buy a Build-To-Order (BTO) flat. This increased cap will also apply to HDB housing loans. Those looking to buy an Executive Condominium...

Southeast Asian online realtor PropertyGuru Group, whose backers include buyout firms TPG Capital and KKR, is planning an Australian IPO that could raise up to A$400 million (S$379 million) this year, sources with knowledge of the deal said. It would be the country's largest offering this year after Fineos, an Irish insurance software firm, listed in Australia last month after a A$190 million IPO,...

Construction works to build five MRT stations along the Jurong Region Line (JRL) are expected to start in 2020 and be completed in 2026, said the Land Transport Authority (LTA) on Tuesday (Sep 10). The five stations are - Choa Chu Kang, Choa Chu Kang West, Tengah, Hong Kah and Corporation. Two civil contracts worth a total of S$739.5 million were awarded for the projects, announced LTA in a media...

Developer GuocoLand Limited has announced the concept and design of Meyer Mansion. The sales gallery will open on 7 September 2019 for preview, and the development will launch for sale on 13 September 2019. The 25-storey residential tower comprises 200 units - offering a range of 1-bedroom to 4-bedroom premium units, with sizes spanning 484 square feet (“sq ft”) to 2,142 sq ft. The freehold seafront...

Capitaland business unit The Ascott has opened lyf Funan Singapore – its first co-living property spanning around 121,000 square feet (sq ft) in gross floor area. The nine-storey lyf Funan property comprises 412 rooms across 279 apartments. Five apartment types ranging from 18 to 105 square metres are available, with room rates from S$150, excluding taxes, to cater to both short and long...

There were fewer Housing Board (HDB) resale flats sold in August compared with July, though resale prices showed a slight increase month on month. A total of 1,921 HDB resale flats changed hands in August, a 9.4 per cent decline from the month before, real estate portal SRX Property said in its flash estimates on Thursday. Resale volume in August was 7.6 per cent lower than the same month last...

A portfolio of 32 freehold city-fringe shophouses located along Lavender Street and Serangoon Road has been launched for sale by public tender at a guide price of S$138 million, marketing agent JLL announced on Wednesday. Assuming no development charge is payable, the indicative price for The Lavender Collection translates to S$1,736 psf (per square foot) on the estimated GFA (gross floor area), or...

A row of three shops and the residential units above them along St George’s Road will be launched on Thursday for collective sale via private treaty at an asking price of S$26.5 million. Located at 2, 4 and 6 St George’s Road, the 4,403 square feet (sq ft) freehold land has a plot ratio of 3 and gross floor area of 13,210 sq ft, said sole marketing agent Jie Sheng Housing Agency on Wednesday. The...

A row of seven adjoining conservation shophouses in Geylang has been launched for sale at a guide price range of S$40 million to S$42 million, marketing agent Knight Frank Singapore said on Tuesday. Also under the same sale exercise are two adjoining conservation shophouses on Joo Chiat Road, offered at a guide price of around S$7 million to S$7.5 million. Both sets of freehold properties are up for...

Local e-commerce firm Shopee opened its new regional headquarters on Tuesday (Sep 3) as it leverages strong growth in Southeast Asia. The six-storey building in Kent Ridge, spanning 244,000 sq ft, is nearly six times larger than its previous office across the street. It can house up to 3,000 employees. Shopee has seen "tremendous" growth since it was founded four years ago, said Deputy Prime Minister...