The government’s ambitious plan to develop Singapore’s second Central Business District in Jurong East has hit a temporary roadblock. A consortium of developers submitted a bid for a massive site in Jurong Lake District (JLD), but the Urban Redevelopment Authority (URA) rejected the offer as it was deemed “too low.” The bid came in at […]
On September 12, the Urban Redevelopment Authority (URA) released a residential site at Faber Walk in Clementi as part of the second half of the 2024 Government Land Sales (GLS) programme. The site, measuring 25,795.5 square meters, is expected to accommodate 400 residential units, with a cap of 403 to ensure traffic flow remains manageable. […]
In positive news for job seekers in Singapore, a recent survey reveals that almost half of the employers are planning to increase their headcount in the final quarter of 2024, marking a notable boost in hiring sentiments after a year of mixed results. According to a poll conducted by recruitment firm ManpowerGroup, 46% of companies […]
Bukit Sembawang Estates is gearing up for the preview of its highly anticipated Upper Bukit Timah project, 8@BT, set to kick off this Saturday, September 7th. Prices start from a competitive S$2,530 per square foot (psf), making it an attractive option for potential buyers. With 158 units in total, 8@BT offers a diverse range of […]
Singapore’s tax revenue hit a new high in the 2023/2024 financial year, collecting a whopping S$80.3 billion (US$61.4 billion) – marking a 17% increase from the previous year. This jump in tax collection reflects the country’s solid economic performance and rising wages in 2022, according to the Inland Revenue Authority of Singapore (IRAS). This tax […]
The iconic Concorde Hotel & Shopping Centre at 100 Orchard Road has officially been launched for collective sale, marking its first en bloc attempt. Owned by Singapore-listed Hotel Properties Ltd (HPL), this prime property features 407 hotel rooms spread across the fourth to ninth floors and 63 out of 98 strata shops within the three-story […]
D’Grove Villas, a freehold high-rise condominium in the prestigious District 10, is back on the market for collective sale at S$420 million. This is the third attempt by the owners to sell the property en bloc after two previous efforts failed to secure a deal. The guide price of S$420 million translates to a land […]
Recent changes to the Land Betterment Charge (LBC) rates reflect the evolving dynamics in Singapore’s property market. LBC rates for non-landed residential use will see a decline in the coming months, while rates for other key property types, including landed residential, commercial, and hotel developments, will rise but at a slower pace. These changes come […]
Federal Reserve Chair Jerome Powell announced on Friday (Aug 23) that the time has come for the Fed to begin cutting interest rates. Speaking at the Kansas City Fed’s annual economic conference in Jackson Hole, Wyoming, Powell expressed confidence that inflation is now on a sustainable path toward the U.S. central bank’s 2% target and […]
A new executive condominium (EC) site on Tampines Street 95, which could offer around 560 housing units, has been put up for sale by the Housing and Development Board (HDB). This site, part of the confirmed list under the government land sales program for H2 2024, is expected to draw significant interest from developers. The […]
