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No change to 3-month minimum stay duration for private residential properties: URA

The Urban Redevelopment Authority (URA) said on Wednesday (May 8) that it will not proceed with proposed regulations for the use of private residential properties for short-term accommodation (STA). This means the three-month minimum stay duration will continue to apply. The agency made the decision after consultations with key stakeholders since 2015, including members of the public, management...

Older HDB flats still in demand, saw record sales last year

Despite lingering concerns about depreciating value and some adverse impact from the latest cooling measures, older HDB flats in Singapore are still in demand, according to a study by property consultancy OrangeTee & Tie. For the first quarter this year, 628 older flats - that is, those that are more than 40 years old - were sold, constituting 13.9 per cent of total resale transactions. This is the...

Singapore’s biggest developers see property market slowing after cooling measures

The local property market will see some slowing on the back of surprise cooling measures though a crash is unlikely, said the top executives from some of Singapore’s biggest developers. However, the chief financial officers of GuocoLand Group and CapitaLand Group differed on whether the Government’s latest step, which involved tweaks to Additional Buyer's Stamp Duty (ABSD) rates for both buyers and...

Marina One Residences

Marina One Residences is part of a landmark mixed-use development (Marina One) at an enviable location at Marina South – a district designated as a high growth area to establish a global business and financial hub by Singapore’s Urban Redevelopment Authority. Be at the heart of the city and centre of it all. With links to four out of six major MRT lines and expressways, Marina One Residences is...

No rationale for new housing curbs, additional harsh measures on developers: REDAS

There is no rationale for the new housing curbs given that the Singapore property market "is in the early stages of a recovery and the recovery is in line with economic fundamentals", said the Real Estate Developers' Association of Singapore (REDAS) on Friday (Jul 6). The statement from the industry body came a day after the Government announced new property cooling measures. Among the curbs are a 5...

Renewal plans for Woodlands, Toa Payoh and Pasir Ris finalised: HDB

Renewal plans for Woodlands, Toa Payoh and Pasir Ris have been finalised and are ready to be presented to residents to gather their feedback, announced the Housing and Development Board (HDB) on Sunday (Apr 2). The rejuvenation of the three towns was first announced in 2015, under the Remaking Our Heartland programme. In drawing up the plans, HDB said it had actively engaged residents and stakeholders...

HDB flats ‘good store of asset value’ for those who plan ahead: Lawrence Wong

A Housing & Development Board (HDB) flat is a “good store of asset value” for those who plan ahead and make prudent housing decisions, National Development Minister Lawrence Wong said. His comments, made in a Facebook post on Wednesday (Apr 12), come in response to online debate over his comments that not all HDB flats will be eligible for the Selective En bloc Redevelopment Scheme...

The Esplanade to build new S$30m waterfront theatre

Fourteen years after it first opened, the Esplanade has announced plans to build an additional waterfront theatre to address the growing need to expand audiences and further develop local artists. The building will include a 550-seat flexible theatre as well as an outdoor plaza. Construction is set to begin in 2019 and expected to be completed by 2021, when another iconic arts venue, the Singapore Art...

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