More homes will be built in the central business district (CBD) and Marina Bay area, the Urban Redevelopment Authority (URA) said on Wednesday (Mar 27). Under its Draft Master Plan 2019, which includes plans to rejuvenate the central area, URA said it will increase housing in sites such as Downtown, Marina South and Rochor so that more people can live closer to their workplaces and other...

The Urban Redevelopment Authority (URA) launched its Draft Master Plan - a blueprint that charts out the Government’s plans for land use over the next 10 to 15 years - on Wednesday (Mar 27). Here are the key points in the plan which could affect how and where you live, play and move about in Singapore. NEW HOUSING More homes will be built in the central business district (CBD) and Marina Bay...

An incentive scheme will be rolled out to encourage building owners to convert existing office developments in the Central Business District (CBD) to mixed-use developments as part of plans to rejuvenate the city centre. Announcing the CBD Incentive Scheme at the URA Draft Master Plan 2019 exhibition launch on Wednesday, National Development Minister Lawrence Wong said he wants to introduce a broader...

As part of plans to rejuvenate existing areas, new housing and amenities will be added in areas such as Bayshore, Dakota Crescent and Farrer Park. “Future public housing at Dakota Crescent will be planned to take into consideration the six retained Singapore Improvement Trust blocks nearby and the courtyard space, with ideas from heritage groups, former residents and community leaders woven into the...

The Urban Redevelopment Authority (URA) is using special 3D technology to study the underground as a strategic resource, it said on Wednesday (Mar 27) at the launch of its Draft Master Plan 2019. The Master Plan is a blueprint that guides Singapore's development over the next 10 to 15 years and is reviewed every five years. URA said it has rolled out 3D underground maps for Marina Bay, Jurong...

Singapore Estate Agents Association (SEAA), a grouping of real estate players, announced on Tuesday a proposed acquisition of a 51 per cent stake in online property platform SoReal Prop, which is jointly founded by ERA Realty, Huttons Asia and PropNex Realty. The association said that the acquisition is a “timely” one that would help strengthen the capabilities of its nearly 4,700 real estate...

Real estate agency OrangeTee & Tie has partnered Germany-headquartered startup Helpling to allow its agents to access home services through the firm's Agent App. Property agents will be able to book the services of professional housekeepers listed on the Helpling platform, making it even more convenient to get their properties cleaned before presenting them to potential homebuyers or tenants. They can...

Mandarin Gardens has failed in its en bloc attempt, about a month after raising its asking price to a record S$2.9 billion. The leasehold condominium managed to gather around 68 per cent of signatures as of Mar 24 when its collective sales agreement expired - about 12 per cent shy of the 80 per cent mandate required to launch a tender. In a message to owners on Sunday (Mar 24), the site's...

Singapore's largest condominium Treasure at Tampines sold 272 units at an average S$1,280 per sq ft, after the project launched over the weekend.The close to 650,000 sq ft development, situated on the former Tampines Court site, has 2,203 units in all. Developer Sim Lian released 490 units for sale. Sim Lian's spokesperson said on Sunday: "We are heartened by sales to date for Treasure at Tampines,...

Sabana Reit's divestment of a Tuas industrial building is off for now after the purchaser did not obtain approvals from JTC. The buyer Kim Soon Lee (Lim) Heavy Transport is not prepared to further extend the long-stop date, the Reit said in a Singapore Exchange filing on Saturday. In September 2018, Sabana had proposed to sell the building at 1 Tuas Avenue 4 for S$11.18 million in cash, 52 per cent...