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...

An eight-storey light industrial development located at 10 Jalan Kilang - off Jalan Bukit Merah - has been launched for sale via an expression of interest (EOI) exercise which is slated to close on 5 April 2019. 10 Jalan Kilang is an eight-storey light industrial development with a roof terrace and a basement carpark, offering a total gross floor area of approximately 59,236 square feet. The development...

JTC on Monday said it has accepted an application to put up an industrial site in Gambas Way (Plot 2) for sale by public tender. The land parcel is on the reserve list under the first half 2019 Industrial Government Land Sales (IGLS) Programme. A site on the reserve list is triggered for launch if a developer's indicated minimum price in its application is acceptable to the government. This is as...

More first-timer singles have been able to buy a new 2-room Flexi flat since the July 2013 Build-to-Order (BTO) exercise, the Housing Development Board (HDB) said in a statement on Sunday (Mar 3). As part of the Government's efforts to provide more housing options for single citizens, first-timers aged 35 and above have been able to buy a new 2-room Flexi flat in non-mature estates. About 14,500...

URA has launched a public tender for a 99-year residential site at Clementi Avenue 1, under the Confirmed List of the first half 2019 Government Land Sales (H1 2019 GLS) Programme. The site has a permissible gross floor area (GFA) of 57,900 square metres (sq m) on 16,542.7 sq m of land, which works out to a gross plot ratio of about 3.5 times. The maximum building height is 140m, and the project...