SINGAPORE – Many home owners with mortgages pegged to the Singapore Interbank Offered Rate (Sibor) have switched to alternative loan packages, but far more are resisting the move despite the clock ticking for such loans. Around 30,000 mortgage borrowers made the switch between January and October, but 57,000 or so remain on their Sibor-based loans,[…]
SINGAPORE – Land supply for private housing has been bumped up for the first half of 2024, and will include a pilot site for long-stay serviced apartments in one-north as well as the first private housing site in Bayshore precinct. In all, the 10 sites on the confirmed list and nine sites on the reserve[…]
SINGAPORE – Flats at an integrated development in Tanglin Halt and two projects in Bedok are among nearly 4,100 units across seven Build-To-Order (BTO) developments that will go on sale in February 2024. Flats beside the Punggol Reservoir in Sumang and a 1,120-unit project in Woodlands will also be on offer. The Housing Board on[…]
SINGAPORE – The Housing Board on Dec 5 launched 6,057 Build-To-Order (BTO) flats for sale across eight projects in Bedok, Bishan, Bukit Merah, Bukit Panjang, Jurong West, Queenstown and Woodlands. It also announced that it would increase the subsidies for two projects, in Bukit Merah and Queenstown, that are under the prime location public housing (PLH)[…]
SINGAPORE – Two leasehold sites in Upper Thomson Road and Zion Road have been launched to pilot a new class of long-stay serviced apartments – which come with a three-month minimum stay period – in a bid to meet rising private housing rental demand. Zion Road Parcel A and Upper Thomson Road Parcel A, which[…]
Employing an estate agent to do the heavy lifting has been a time-honoured way of ensuring that the tenants from hell don’t end up renting your investment unit, but some due diligence on the owner’s part won’t be wasted. If that sounds like an overly finicky approach, look at the eye-watering cases here when estate[…]
A crafty property investor came up with a “foolproof” scheme – buy a new public housing unit, rope in a dodgy estate agent and then blatantly ignore HDB rules to rent it all out. What could possibly go wrong? Pretty much everything, as it happens, even though it does provide the rest of us with[…]
SINGAPORE – About 250 community care apartments in Bedok will be launched in December’s Build-To-Order (BTO) exercise, the authorities said on Nov 30, as they released more information on these assisted-living spaces. To encourage intergenerational bonding, the flats will be part of a bigger development in Chai Chee, which includes three-, four- and five-room flats.[…]
SINGAPORE – Smith Street, located in the Chinatown conservation area, will be rejuvenated to inject vibrancy and drive greater footfall to the area. Known for its culinary offerings, it will soon feature more diverse experiences, such as gamified tours, arts and cultural galleries, local artisans and co-living/co-working concepts, while preserving the area’s cultural and architectural[…]
SINGAPORE – The Housing Board has released an executive condominium (EC) site in Tengah for sale under the Government Land Sales (GLS) programme. A site in Tampines Street 95 was also made available for application under the reserve list, HDB said on Nov 30. This means it will be put up for tender if a[…]
SINGAPORE – The resale condo volume recovered slightly in October, with prices rising marginally for the third consecutive month. From September to October, prices inched up by 0.4 per cent, lower than the 0.8 per cent in September and 0.9 per cent in August, according to flash data released by real estate portals 99.co and SRX[…]
SINGAPORE – Three tracts of land could be reclaimed off East Coast Park in the coming decades, creating about 800ha of land for new homes and other amenities, as well as a new reservoir. Called the Long Island, these land tracts – collectively about twice the size of Marina Bay – are Singapore’s response to the[…]