Allgreen-Kerry joint ventures secure $861.75mil green loan for Pasir Ris 8
This marks the first green loan for both Allgreen and Kerry. It was raised under a new green loan framework that was set up by Allgreen Properties, with support from OCBC.
Continue Reading • 8 Jul 2021
Increasing property prices a key driver in worsening wealth inequality: MAS Chief
Ravi Menon, Managing Director of The Monetary Authority of Singapore (MAS) believes that rising property prices is one of the key drivers in the worsening wealth inequality across many parts of the world.
Continue Reading • 8 Jul 2021
About 4,800 vacant rental flats available for allocation to new tenants
However, successful applicants will have to face longer waiting times of about six months, compared to an average of three months during the last five years as some application zones and flat types have higher demand and a more limited supply.
Continue Reading • 7 Jul 2021
Most BTO projects delayed by six to 12 months, says MND
To reduce the length of delays, the HDB is working with various agencies on mitigating measures such as securing “exemptions to allow less noisy construction activities to be carried out on Sundays and Public Holidays where possible”.
Continue Reading • 7 Jul 2021
Proportion of HDB resale buyers paying COV on the uptick
Despite the increase, the ministry noted that the majority of HDB resale buyers did not pay any COV, with the median COV for each year remaining at $0.
Continue Reading • 6 Jul 2021
Ethnic Integration Policy remains important to building racial harmony, says Desmond Lee
Lee explained that the EIP remains “critical, because so much of our lives, and our children’s lives, revolve around our homes and our neighbourhoods”.
Continue Reading • 6 Jul 2021
Freehold property at Robin Drive sold for $17mil
Located near the Steven MRT Interchange, the regular shaped site has an area of 951.8 sq m (10,245 sq ft) and is zoned for 'Residential' use under the 2019 Master Plan with a plot ratio of 1.4.
Continue Reading • 6 Jul 2021
NTU international students allowed to retain housing on campus
NTU has now allowed international students who are current residents on campus to keep their places “on an exceptional basis, regardless of their hall points. Photo: Google Street View
Continue Reading • 5 Jul 2021
Singaporeans call for additional subsidies to make flats in prime areas more affordable
According to public feedback gathered by the HDB and MND, most Singaporeans want the Government to provide additional subsidies for flats in prime locations.
Continue Reading • 5 Jul 2021
NTU students scramble for alternative accommodation amid hall vacancies review
Most of them are foreign students who are still staying in the halls since they do not have local residence.
Continue Reading • 2 Jul 2021
New circular allows developers to extend delivery date of possession
Under a circular issued by the COH, developers who are unable to meet their delivery date of possession can serve property buyers a notice for an extension of up to 122 days, effective from 1 July onwards, subject to certain qualifying conditions.
Continue Reading • 2 Jul 2021
Private home prices, HDB resale prices continue to increase in Q2 2021
Private home prices and HDB resale prices continue to increase in the second quarter of 2021, showed the URA and HDB flash estimates.
Continue Reading • 1 Jul 2021
Secretlab gaming chair CEO acquires two properties for $51mil in a week
The 28-year-old co-founder of the ergonomic chair retailer acquired a good class bungalow (GCB) on Olive Road for $36 million, as well as a five-bedroom triplex penthouse at Leedon Residence.
Continue Reading • 1 Jul 2021
Authorities ‘highly vigilant’ of property prices hikes, but says market not overheated
The MAS, MND, URA are keeping close tabs on property price hikes, and will intervene before the market overheats.
Continue Reading • 1 Jul 2021
MinLaw refines two criteria for qualifying certificate exemption
Specifically, the shares that are held via white-listed nominee companies held by Singapore shareholders will now be counted towards fulfilling the shareholding interest criterion.
Continue Reading • 30 Jun 2021
Jalan Anak Bukit site attracts five bids
Launched for sale on 30 June 2020, the 99-year leasehold site has an area of 32,185 sq m and a maximum permissible gross floor area (GFA) of 96,555 sq m.
Continue Reading • 30 Jun 2021
More buyers looking for bigger homes since end of circuit breaker
In 2020, the number of resold executive HDB units increased by 12.8% year-on-year to 1,882 units and the number of resold five-room flats climbed 10.3% year-on-year to 5,984.
Continue Reading • 29 Jun 2021
ERA Singapore promotes Marcus Chu to CEO
Current ERA Singapore COO, Marcus Chu, will take on the CEO role with effect from 1 July.
Continue Reading • 29 Jun 2021
White site at Marina View launched for sale
The Marina View site is 7,817.6 sq m and is expected to yield 905 housing units, 540 hotel rooms and 2,000 sq m in gross floor area (GFA) of commercial space.
Continue Reading • 29 Jun 2021
Ethnic Integration Policy for public housing—a ‘direct and real’ financial burden for minorities
The Ethnic Integration Policy for public housing states minorities can only sell to another minority member, should the majority race quota been met, limiting the opportunity to sell their flats.
Continue Reading • 28 Jun 2021