Construction works for Hougang MRT station on Cross Island Line to start in Q4
The works cover the design and construction of interchange station and tunnels, as well as addition and alteration works to the present Hougang station on the North-East Line (NEL).
Continue Reading • 29 Mar 2021
MND to extend relief period for construction firms
COVID-19 (Temporary Measures) Act will be extended to 30 September for construction firms.
Continue Reading • 29 Mar 2021
950,000 households to receive $135 million in Service and Conservancy rebates
Depending on their flat type, eligible households will receive 1.5 to 3.5 months of S&CC rebates during this financial year.
Continue Reading • 29 Mar 2021
CDL wants to achieve master-developer status
City Developments Limited (CDL) eyes to become a master developer in Singapore, building an entire precinct or district instead of smaller, individual parcels.
Continue Reading • 26 Mar 2021
Swire Properties sells all 20 units at EDEN for $293 million – to one buyer
Each apartment unit occupies over 3,000 sq ft, and all 20 apartments feature four en-suite bedrooms.
Continue Reading • 26 Mar 2021
Mok Sze Sze joins SRI as Managing Partner of SRI Auction
Mok Sze Sze has handled property transactions over $1 billion throughout the years and has been instrumental in conducting auctions for various government agencies throughout the years.
Continue Reading • 25 Mar 2021
CapitaLand’s revamp may encourage other Singapore developers to follow
Developers in Singapore may follow CapitaLand’s move of splitting its business into a privately owned developer and a publicly traded investment manager, said analysts.
Continue Reading • 24 Mar 2021
Rail Corridor (Central) reopens with new features
The enhancement works at the 4km stretch – which runs between Hillview and the conserved Bukit Timah Railway Station – is now more inclusive and accessible for visitors.
Continue Reading • 23 Mar 2021
Midtown Modern sells 61% of units at launch
90% of all one- and two-bedroom units and close to 50% of all three-bedroom units were sold.
Continue Reading • 23 Mar 2021
Residents near former Kallang Gasworks complain of foul smell, noise from treatment works
Some residents said that they have been dealing with the noxious smell since February 2020 when the remediation works started, while the loud noise has disturbed them at all hours.
Continue Reading • 22 Mar 2021
Singapore developers’ profit margins on the downtrend
Some private housing projects saw pre-tax profit margins decline to around 10 to 12%, or even below 10%.
Continue Reading • 19 Mar 2021
Survey shows limited living space affects Singaporeans’ state of mind
More than 53% cited poor space allocation as a contributor to stress, discomfort, and dissatisfaction among family members.
Continue Reading • 19 Mar 2021
Construction on MRT train testing facility commence, to be fully operational by 2024
The Train Testing Centre (ITTC) will serve the needs of existing and upcoming MRT lines while allowing more than one project to be tested concurrently.
Continue Reading • 18 Mar 2021
Homes sold at auctions are closer to their starting prices
Auction homes are being transacted close to their opening prices, either at auctions or after the auction.
Continue Reading • 18 Mar 2021
Gap between condo prices and household income highest since 2010
Known as the “affordability ratio”, the gap between household income and prices of new condominium sold is at its biggest in 10 years.
Continue Reading • 17 Mar 2021
HDB issues $900mil fixed rate notes
Rated AAA by Fitch Ratings, the notes come in denominations of $250,000, with a coupon of 1.37% per annum payable semi-annually in arrear. They are set to mature on 16 March 2028.
Continue Reading • 17 Mar 2021
Four sites to be cleared to make way for residential projects
The sites are expected to be sold to developers through the biannual Government Land Sales process, should the plots be used for private housing.
Continue Reading • 16 Mar 2021
New private home sales drop 60.5% in February amid lack of new launches
February saw only 167 new units launched, down 93.6% from the 2,600 units launched in January, and is also the lowest number of units launched since December 2018.
Continue Reading • 16 Mar 2021
Huttons names new Legal Counsel, Head of Training and Special Projects
Huttons Group has appointed Yeo Chin Hao as its new Legal Counsel and Shaun Tan as Head of Training and Special Projects.
Continue Reading • 15 Mar 2021
HDB calls for sixth solar leasing tender
Under this tender, vendors “will be required to install smart electrical sub-meters at HDB blocks to track energy usage”.
Continue Reading • 15 Mar 2021