In May, the Housing and Development Board (HDB) resale market sustained its growth in both prices and volumes, continuing its rebound from the previous month’s recovery after two months of decline. According to flash estimates from SRX and 99.co released on Wednesday (June 5), resale prices increased by 0.3 percent month-on-month. This growth was driven […]
The Urban Redevelopment Authority (URA) has announced the release of two residential sites for sale on May 30 as part of the first half of the 2024 government land sales (GLS) program. These sites are located at Margaret Drive and Media Circle. Analysts predict that developers will continue to exercise caution in bidding for these […]
A penthouse at the ultra-luxury Skywaters Residences has been sold, as recorded in a caveat lodged with URA Realis on May 20. The 7,761 sq ft, 99-year leasehold unit on the 57th floor fetched $47.34 million, or $6,100 per square foot (psf). The buyer, according to the caveat, is a foreigner, though the nationality isn’t […]
City Developments Ltd (CDL) has completed the acquisition of Delfi Orchard, a 40-year-old strata-titled building, for S$439 million. This price is marginally above the guide price of S$438 million set during its mid-April collective sale launch. The purchase price translates to a land rate of S$3,346 per square foot per plot ratio (psf ppr), according […]
Two prominent buildings at the former Bukit Timah Turf City stand as important historical markers. The South Grandstand, built in 1933, endured World War II and hosted Queen Elizabeth II in 1972. The North Grandstand, constructed in 1981, is notable for its large cantilevered roof, a symbol of post-independence architecture in Singapore. These grandstands, which […]
A prime 99-year leasehold private housing site near Singapore’s Holland Village MRT station attracted three bids at a state tender on Tuesday (May 14). Despite its desirable location, the bids were below market expectations, reflecting developers’ cautious approach towards large, premium sites. The highest bid came from a consortium led by UOL Group and CapitaLand […]
Maris Stella High School (MSHS) is set to undergo a transformative phase from 2027 to 2029, with plans for rebuilding to enhance facilities for both its primary and secondary school students. A significant shift will occur as the primary school section welcomes girls for the first time in 2027, coinciding with its relocation to the […]
As of April 2024, the Inland Revenue Authority of Singapore (IRAS) has identified 166 instances of tax avoidance related to the purchase of private properties, resulting in approximately S$60 million in Additional Buyer’s Stamp Duty (ABSD) and surcharges to be reclaimed. Deputy Prime Minister and Minister for Finance Lawrence Wong disclosed this information on Tuesday, […]
A proposed plan for a new residential estate adjacent to the Tampines Expressway (TPE) in Fernvale North, Sengkang, suggests the potential construction of approximately 10,000 homes. The Urban Redevelopment Authority (URA) is in the process of preparing an 18.9-hectare site bordered by Jalan Kayu, Fernvale Street, the TPE, and the upcoming Sengkang West Drive for […]
More homes may soon grace the landscape of Media Circle, as hinted by an update from the Urban Redevelopment Authority (URA) on Friday (May 3). A plot of land across from Infinite Studios in one-north, previously designated for business park use, is now proposed for residential with commercial space on the ground floor. Similarly, parcels […]
