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Optimism Abounds for Singapore’s Real Estate Investment Market in 2024

The landscape of January 2024 diverges significantly from that of January 2023. Interest rates have peaked, inflation is receding, and the S&P 500 is scaling new heights. While the descent in interest rates may not be as swift as anticipated by some, the prevailing sentiment is optimistic, with investors gradually emerging from their hiatus. Projections […]

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Jack Ma Wife bought Shophouses at Duxton Road

Jack Ma’s wife said to have bought three adjoining shophouses on Duxton Road

Zhang Ying, the spouse of Jack Ma, co-founder of Alibaba Group, has reportedly acquired three adjacent shophouses along Duxton Road for an estimated S$45-50 million. As reported by The Business Times, the Singaporean citizen purchased units located at 70, 71, and 72 Duxton Road, all of which are 99-year leasehold properties with 63.5 years remaining.

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Changes to Property Tax from January 2025

Revised Property Tax Bands to Benefit Homeowners

In the latest Budget announcement, Finance Minister Lawrence Wong revealed that annual value (AV) bands for owner-occupied residential property tax rates will undergo revision starting January 2025. The adjustment aims to provide homeowners with the prospect of either maintaining or reducing their property tax bills, assuming no alteration in their properties’ AVs and before any applicable

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Jurong Lake District GLS Artist Impression

Singapore as the Third-Best Country for Relocating and Building Family Wealth

According to a recent study of 27 countries on opportunities for families to relocate and enhance their earnings, Singapore has secured the third position globally. The study, conducted by citizenship advisory firm Henley & Partners, crowned Switzerland as the best country for building multi-generational wealth, offering unparalleled opportunities for families seeking higher earnings and promising

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Marina Gardens Crescent Site Not Awarded

Marina Gardens Crescent Site Fails to Secure Bid Due to Low Offer, URA Reports

The Urban Redevelopment Authority (URA) has rejected the sole bid for a 99-year leasehold plot in Marina Gardens Crescent, Marina South, citing that the offer from GuocoLand (Singapore), Intrepid Investments, and TID Residential was “too low.” The white site, designated for residential and commercial development, received only one bid of nearly $770.5 million or $984

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Crowded Showflat at The Reserve Residences

Singapore’s Median Monthly Household Income Surpasses $10,000 for Second Consecutive Year

The Singapore Department of Statistics (SingStat) has released data revealing that the median income from work for households in Singapore exceeded $10,000 for the second consecutive year in 2023. The figure, which applies to resident employed households, saw a 7.6% increase from the previous year, reaching $10,869. The data sheds light on the economic well-being

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Proposed integrated development in Kembangan to have 340 BTO units, new community club

The Housing Development Board (HDB) has revealed ambitious plans for an integrated development adjacent to Kembangan MRT station, encompassing approximately 340 Build-To-Order (BTO) units and a five-story building featuring a new community club, supermarket, retail shops, outpatient healthcare facility, and more. The development aims to enhance community facilities, add retail options, and create a vibrant

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Woodlands Checkpoint Extension

Woodlands Checkpoint expansion work to start in 2025, first phase to be completed by 2032

The Immigration and Checkpoints Authority (ICA) in Singapore has unveiled plans for a major expansion of the Woodlands Checkpoint, with work set to commence in 2025. The project aims to increase the checkpoint’s size fivefold, addressing the growing demand for travel. The first phase, scheduled for completion progressively from 2028, involves an extension at the

Woodlands Checkpoint expansion work to start in 2025, first phase to be completed by 2032 Read More »

Former Kebun Baru Primary School Site in Ang Mo Kio to Welcome High-Rise Housing

Transformation on the Horizon: Former Kebun Baru Primary School Site in Ang Mo Kio to Welcome High-Rise Housing

The former Kebun Baru Primary School site in Ang Mo Kio is poised for a significant transformation as the Urban Redevelopment Authority (URA) proposes amendments to its masterplan to pave the way for high-rise residential developments. The strategic location, just 1km from Mayflower MRT station on the Thomson-East Coast Line, makes this site an attractive

Transformation on the Horizon: Former Kebun Baru Primary School Site in Ang Mo Kio to Welcome High-Rise Housing Read More »

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