General Property News

The freehold condominium, Island View in Pasir Panjang, is set to be relaunched for collective sale on March 5, with plans to reduce the reserve price by 7.5% to $532 million. The decision to lower the reserve price comes after a failed attempt in October last year, which saw no bids. The owners are currently […]

Land betterment charge (LBC) rates for various use groups, including residential, commercial, industrial, and hotels, have been increased for the first time since a review in September 2011. The new rates for the period from March 1 to Aug 31 were announced on Feb 29 after a review by the Singapore Land Authority in consultation

Hong Kong has decided to remove cooling measures in an attempt to revitalize its sluggish residential market and provide additional support for tourism, forming part of a comprehensive plan to reinvigorate the struggling financial hub. Financial Secretary Paul Chan announced the immediate cancellation of measures aimed at curbing housing demand, stating that these policies are

A coveted 99-year leasehold site in Holland Drive, capable of accommodating approximately 680 units, is now open for sale as part of the confirmed list for the first-half 2024 Government Land Sales (GLS) program. This marks the first GLS site launch in the Holland Village vicinity since the award of a nearby Holland Road site

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

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.

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

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

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

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