Singapore’s land sales have surged to an extraordinary six-year high, totaling S$8.15 billion in the fiscal year ending March 31, 2024. This remarkable achievement surpasses the previous record of S$8.4 billion set in FY2017, showcasing a significant uptick in government revenue from state land sales (GLS). The contrast between FY2023 and the preceding fiscal years […]
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 […]
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 […]
Marina Bay Sands (MBS) has secured approval from the Urban Redevelopment Authority (URA) to proceed with the development of its fourth tower, signaling an expansion of the renowned integrated resort. The approved plans include a hotel and retail development located adjacent to the existing three towers, encompassing an empty plot between Bayfront Avenue, Sheares Avenue, […]
Marina Bay Sands (MBS) has announced a substantial investment of an additional US$750 million (S$1 billion) for the second phase of its rejuvenation program, aiming to enhance its luxury offerings and solidify its position in the hospitality industry. The multi-year project will encompass Tower 3, the lobby, Sands SkyPark, and other key features, unfolding in […]
Wharf Estates Singapore, formerly known as Wheelock Properties, has listed the freehold retail podium at Scotts Square for sale with a guide price of $450 million. This retail mall is situated in a prime location off Orchard Road, a highly sought-after shopping belt in Singapore. Key details: Scotts Square is a mixed development featuring two […]
Private home prices in Singapore continued to show a moderation in growth, increasing by 6.7% in 2023, compared to a growth rate of 8.6% in 2022. The property market experienced a slowdown in transaction volumes, with the number of units sold in 2023 decreasing by approximately 15% from the previous year. Despite the moderation, suburban […]
Amid a slowdown in overall demand for new private homes in Singapore in 2023, sales in the prime district have remained robust. Factors contributing to this trend include a lack of new launches in the prime district, narrowing price gaps compared to other regions, and the appeal of prime district properties for high-net-worth individuals. Key […]
Condominium resale prices in Singapore extended their upward trajectory for the fourth consecutive month in November, although resale volumes remained subdued. According to flash data from SRX and 99.co, overall resale prices increased by 0.4% from the previous month and were 7.4% higher year-on-year. Resale volumes, however, were modest, with 848 units changing hands in […]
