Singapore unveils $5.1bil third support package, known as the Solidarity Budget
In total, the government is set to commit $59.9 billion, or about 12% of Singapore's GDP in a battle against the Covid-19 pandemic.
Continue Reading • 7 Apr 2020
Third round of support measures to be announced under new “Solidarity Budget”
Third support measures will be known as the Solidarity Budget and will be announced by Finance Minister Heng Swee Keat today at 3pm.
Continue Reading • 6 Apr 2020
Covid-19: Showflat galleries suspended for a month
Some developers will continue to showcase their projects with the help of technology, while others are looking to delay their launches.
Continue Reading • 6 Apr 2020
Kopar at Newton sells 77 units ahead of closure order for showflats
Kopar At Newton sold 77 units ahead of the "circuit breaker" measures on April 7. Photo: CEL Development.
Continue Reading • 6 Apr 2020
HDB lift buttons sprayed with ‘self-disinfecting coating’
Town councils across Singapore have coated 1.5 million lift buttons inside 26,000 HDB lifts and lift lobbies.
Continue Reading • 3 Apr 2020
940,000 households to receive double their U-Save rebates
These will be disbursed through a one-off GST voucher – U-Save as part of the Care and Support Package unveiled during Budget 2020.
Continue Reading • 3 Apr 2020
HDB resale prices unchanged in Q1 amid Covid-19
Despite the Covid-19 outbreak, resale prices of Housing and Development Board (HDB) flats held flat in the first quarter of 2020.
Continue Reading • 2 Apr 2020
Private home prices down 1.2% in Q1 2020
After rising for three consecutive quarters, Singapore’s private residential property prices fell in the first quarter of 2020, due to the impact of Covid-19 on the economy.
Continue Reading • 2 Apr 2020
Expat rents in Singapore increase for the first time in five years
The average monthly rental for expatriates in Singapore rose 1.4% from last year to $6,069 (US$4,233) – its first increase in five years, showed a study by ECA International.
Continue Reading • 2 Apr 2020
Ageing HDB flats set to be upgraded with retractable drying racks
According to the Housing Development Board (HDB), there are some 230,000 HDB flats that are eligible for the upgrade at present, and the first 55,000 of those will be offered the programme beginning this year.
Continue Reading • 1 Apr 2020
COVID-19: Individuals can seek to defer property loan, insurance premium payments
Homeowners will soon be able to apply to their banks to defer repayments of property loans until 31 December this year, as part of the measures unveiled by the Monetary Authority of Singapore (MAS).
Continue Reading • 1 Apr 2020
Malaysia lockdown: Workers, bosses scramble to find temporary housing
This comes as the Singapore government has decided to stop the temporary housing support it has given to such workers.
Continue Reading • 1 Apr 2020
MAS eases monetary policy amid Covid-19 pandemic
The Monetary Authority of Singapore (MAS) eased its monetary policy by reducing the Singapore dollar policy band’s slope to a zero rate of appreciation.
Continue Reading • 31 Mar 2020
Cluny Park GCB sold for $40mil
A bungalow in Cluny Park is being sold for $40 million or nearly $1,964 per sq ft based on the freehold property’s 20,369 sq ft area, reported The Business Times.
Continue Reading • 31 Mar 2020
Kopar at Newton first to open show gallery following URA’s viewing by appointment advisory
This makes the 378-unit development the test case on how developers could launch projects at showflats to include social distancing measures in the coming weeks.
Continue Reading • 30 Mar 2020
Resilience Budget: Singaporeans to enjoy 3X more cash payouts
Meanwhile, the cash payouts for families with young children will also be tripled from $100 to $300 for each Singaporean child.
Continue Reading • 27 Mar 2020
MTI downgrades 2020 growth forecast as Q1 GDP fell by 2.2%
The revised growth forecast comes as MTI’s advanced estimates showed that the economy contracted 2.2% year-on-year during the first quarter of 2020.The Ministry of Trade and Industry (MTI) has downgraded its 2020 GDP forecast to between -4% and -1% – a fall from the -0.5% to 1.5% range it...
Continue Reading • 27 Mar 2020
Malaysia lockdown: MOM will not extend temporary housing support for Malaysian workers
The Ministry of Manpower (MOM) said it will not extend the temporary housing support it provided to Malaysian workers beyond 31 March, despite Malaysia extending the lockdown to 14 April.
Continue Reading • 26 Mar 2020
940,000 HDB households to receive $134mil in S&CC rebate
In total, each eligible household will receive 1.5 to 3.5 months of S&CC rebate, depending on their flat type.
Continue Reading • 26 Mar 2020
COVID-19: Second stimulus package might require a bigger draw down on reserves than in 2009
The second stimulus package may even exceed the record $20.5 billion package introduced during the 2009 global financial crisis, economists say.
Continue Reading • 25 Mar 2020