Category: News-At-A-Glance

April 16, 2024 The Urban Redevelopment Authority (URA) has awarded the two large sites put up for sale at Zion Road and Upper Thomson Road, after the tenders closed on April 4 with…

April 3, 2024 Forty-four residential projects, or 12% of projects with a sale deadline within 2021 to 2023, were granted more time to clear all unsold units, on top of the extensions…

Feb 16, 2024 Finance Minister Lawrence Wong said that housing developers will be granted some flexibility under the Additional Buyers’ Stamp Duty (ABSD) regime. Currently, housing developers face an ABSD rate of…

Mar 1, 2024 On 29 February, the Singapore land Authority announced the revised land betterment charge (LBC) rates for the period from 1 March to 31 August 2024. Rates were raised by…

Feb 16, 2024 In his Budget speech on Feb 16, Finance Minister Lawrence Wong noted that a two-step increase in property tax rates was announced in Budget 2022 as a wealth tax,…

Jan 11, 2024 [JOHOR] The Johor Bahru (JB)-Singapore Rapid Transit System (RTS) Link – a 4 km light rail that will ferry passengers between Woodlands North in Singapore and Bukit Chagar in…

Jan 15, 2024 At the Building & Construction Authority-Real Estate Developers’ Association of Singapore’s Built Environment and Property Prospects Seminar on Jan 15, Desmond Lee, Minister for National Development and Minister-in-Charge of…

FOR the seventh time in a row, the government has increased its land supply for private homes under the confirmed list of the half-yearly Government Land Sales (GLS) programme. The Ministry of…

The annual value of Housing Board flats and most private residential properties will be raised from Jan 1, as part of Inland Revenue Authority of Singapore’s (Iras) yearly review of properties to…

A joint venture of Singapore-listed Metro Holdings, private equity firm TE Capital Partners and US real estate investment management firm LaSalle Investment has acquired VisionCrest Commercial for about $450 million. The purchase…