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Lease Buyback Scheme To Be Extended To All HDB Flats

Senior citizens that are residents of huge Housing and Development Board (HDB) apartments can expect monetizing their flat through the sale of some of their remaining lease to the government. It means that the Lease Buyback Scheme (LBS) is going to be available for every government residential apartment, which includes five-room and larger apartments. This […]

Canberra Link EC

In response to the executive condominium (EC) area in Canberra Link, it has been offered from nine bidders, and the emerging bidders of $271 million is Hoi Hup Realty and Sunway Developments. It was launched for purchase on 28 June, where it consists of a 99-year lease with a plot of 18,040,6 square metres and […]

Kuala Lumpur-Singapore High Speed Rail (HSR)

Professionals in the market sector did not consider that the postpone of the Kuala Lumpur-Singapore High Speed Rail (HSR) campaign will cause a great impact on the property prices around the Jurong district. PropNex executive chairman and CEO Ismail Gafoor rationalized that the HSR campaign solely makes up a component of the design and plan […]

Increase in luxury home prices

Heading the increase in luxury home prices, Singapore as well as Tokyo have been going against the grain of the dropping housing prices worldwide. Instead, these 2 countries have increased approximately 11.5% in the first two quarters of the year, according to the Singapore Business Review. Quoted by Knight Frank international residential research head Kate […]

East Court building open for en bloc sale

Established approximately 30 years ago, in 1986, the East Court building which is nearby the Eunos MRT station and many schools, was being mentioned in an announcement that it will be open for en bloc sale. It has a price of S$19 million. Taking the development charges into consideration, it will then be translated into […]

Qingjian Realty launched the private development in Singapore, JadeScape.

Qingjian Realty launched the private development in Singapore, JadeScape. JadeScape is situated at Shunfu Road, which is at the previous site of Shunfu Ville. JadeScape consists of 1,206 residential apartments, where sixty-three of them are catered to serve the active ageing residents. These apartments are expected to have technology installed such that the amenities will […]

Response To VERS To Depend On Govt’s Offered Price For HDB Flats

Government has implemented the voluntary early redevelopment scheme (VERS) for residents to undergo via a voting system, for their households before their leases run out. The property experts mentioned how the response of HDB homeowners to this newly implemented scheme that it will depend on its particulars. According to the ZACD Group executive director Nicholas […]

New cooling measures to impact banks’ mortgage business, says DBS

In the long term, the Singapore’s mortgage market is expected to soften because of the new cooling measures in the private residential market, according to the city-state’s largest bank known as the DBS Group Holdings. Some option states that developer may reduce price, however with the long term in view, the cooling measure is meant […]

Pine Tree condominium goes en bloc with $148mil tag

Pine Tree Condominium situated close to the peak of Balmoral Park has joined the en bloc fray with a reserve price of $148 million, reported SLP Scotia. The 50 unit development is located on a 3,842.50 sqm (approximately 41,276.14 sq ft), which is zoned residential under the 2014 Masterplan with a ratio of 1.6 per […]