Government has placed a range of measures for homeowners affected by construction delays
HDB and URA have been exercising flexibility on a case-by-case basis for households who are in genuine difficulty and need temporary accommodation, according to Lawrence Wong.
Continue Reading • 27 May 2020
Certain government service counters (including HDB Hub) to reopen from 2 June
Selected government service centres are set to resume operations from 2 June but by appointment only.
Continue Reading • 26 May 2020
Singapore among favourite destinations for Chinese property buyers
To guard their wealth against the weakening yuan and the anticipated inflation, wealthy Chinese investors are turning to luxury real estate, with Singapore as one of their favourite destinations.
Continue Reading • 26 May 2020
Man who posted “After a long day... we are having an illegal gathering, so what? Enjoy the food to the max.” fined $4,500 for illegal gathering
He was fined $4,500 for attending a social gathering just a day after the circuit breaker measures took effect and posting the event on social media.
Continue Reading • 22 May 2020
Bathroom ceiling in HDB home falls on boy, injuring him
HDB reminded the public to carry out repairs early once they notice signs of spalling concrete to prevent it from deteriorating further or affect a bigger area. Photo: Syasha DanialAlissa/facebookThe Housing and Development Board (HDB) has reminded residents to take early action once they detect...
Continue Reading • 22 May 2020
Show galleries to remain closed even after 1 June
Show galleries that were set up by property developers to market and sell properties “shall remain closed until further notice. Property developers in Singapore may have to wait a little longer before they can reopen their show galleries to market their properties.This comes after the Urban...
Continue Reading • 22 May 2020
DPM Heng to announce fourth round of measure to help people, businesses on 26 May
According to the release, the statement would set out the plans of the government to “help businesses and individuals adapt and build resilience, in our continuing fight against the Covid-19 pandemic”. Photo: facebook.com/hengsweekeat
Continue Reading • 20 May 2020
Guocoland obtains $730mil green loan for Tan Quee Lan Street mixed-development project
The new mixed-development project at Tan Quee Lan Street will be situated right above the Bugis MRT interchange station.
Continue Reading • 20 May 2020
Homeowners still expect delays in renovation works even after circuit breaker
Despite the government's announcement that renovations works can resume after 1 June, Siti Nurlina Yunus does not expect works at her Buangkok flat to be carried out on full speed.Renovation work at her new HDB flat, which started in early March, was put on hold when the circuit breaker kicked in...
Continue Reading • 19 May 2020
Construction works for some projects may be allowed to resume after circuit breaker
Construction works for critical and time-sensitive projects will be allowed to resume when the circuit breaker ends on 1 June, as long as the contractors meet the COVID-19 safety measures.
Continue Reading • 18 May 2020
New private home sales drop 58% in April
Developers sold 277 new private homes in April, down 58% from the 660 units shifted in March.
Continue Reading • 18 May 2020
COVID-19 (temporary measures) act extends to buyers who buy from developers
The COVID-19 (Temporary Measures) Act has been extended to cover lease of residential properties, option to purchase (OTP) agreements as well as sale and purchase agreements (S&PA).
Continue Reading • 14 May 2020
Private residential transactions continued to push on during circuit breaker
There were 286 caveats lodged from 7 April to 30 April, according to Knight Frank Singapore.
Continue Reading • 14 May 2020
Rooftop farming to be allowed at nine HDB car parks
In a joint release, SFA and HDB noted that the sites for rent will be used to farm vegetables and other food crops as well as for other activities such as packing and storing produce.
Continue Reading • 13 May 2020
Some Singapore expats seek rent cuts
Singapore expats are asking for lower rents as they face the prospect of salary cuts amid slower businesses due to the Covid-19 pandemic.Clarence Foo, a real estate agent with APAC Realty unit ERA, revealed that he has encountered seven such cases in the past month – the most number of requests...
Continue Reading • 11 May 2020
Government unveils temporary relief measures for property developers, individuals
Singaporean married couples will now have a year instead of six months to sell their first property in order to get the ABSD remission for their second property.
Continue Reading • 8 May 2020
Auction success rate drops despite hike in mortgagee sale listings
Singapore saw total auction listings decline 31.1% year-on-year to 235 in the first quarter of 2020, revealed an Edmund Tie report.
Continue Reading • 8 May 2020
HDB resale prices will not “correct excessively”
OrangeTee & Tie expects property sales to “pick up speed and regain some momentum when the crisis subsides and safe distancing measures are gradually eased".
Continue Reading • 6 May 2020
New Bill increases fines for errant estate agencies, property agents
The new Estate Agents (Amendment) Bill will see the maximum fine increased to $200,000 for real estate agencies and $100,000 for property agents.
Continue Reading • 6 May 2020
Repayment of a wider pool of loans may be deferred from 6 May – MAS
Banks and financial institutions are going to provide for such deferments, but it is up for their customers to opt-in for it.The Monetary Authority of Singapore (MAS) announced that individuals may request for the deferment of loan repayments which include commercial and industrial property...
Continue Reading • 4 May 2020