Urban planning authorities are considering the conservation of People’s Park Complex, Southeast Asia’s first multi-use complex built in the 1970s. The Urban Redevelopment Authority (URA) has informed the property’s management corporation that it assessed the building to be of high heritage significance. While heritage groups welcome the move, it may impact the second collective sale […]

November witnessed a significant rebound in Singapore’s private home sales, driven by the successful launches of suburban condominiums – J’den in Jurong East, Hillock Green in Lentor Central, and the luxury prime district project Watten House. The surge in sales, up 286% from October to a four-month high of 784 units, was attributed to pent-up […]

The US Federal Reserve opted to keep interest rates steady and indicated a shift in its monetary policy, signaling the end of the historic tightening implemented over the past two years. The decision was accompanied by new economic projections, highlighting the expectation of lower borrowing costs in 2024. Key Points: The Federal Reserve’s decision and […]

As the deadline approaches for mortgages tied to the Singapore Interbank Offered Rate (Sibor), it’s reported that although around 30,000 borrowers switched between January and October, approximately 57,000 still hold onto their Sibor-based loans. The Association of Banks in Singapore (ABS) notes that Sibor is set to be discontinued by the end of 2024, with […]

The Ministry of Finance (MOF) and Inland Revenue Authority of Singapore (Iras) have announced a one-off property tax rebate for owner-occupied homes in response to the anticipated increase in property taxes. The rebate, ranging from 100 percent for small public flats to 15 percent for private properties, aims to mitigate the impact of higher property […]

Marriott International has inked an agreement with IOI Properties Group, a Malaysian property developer, to manage the W Singapore – Marina View, a new 350-room luxury hotel. The hotel will be part of a 51-storey mixed-use development on the 99-year leasehold Marina View site in Marina Bay, acquired by IOI for $1.508 billion in September […]

TurboCharged: This holiday season, gear up for an exceptional experience at TurboCharged, the all-new immersive go-kart arena setting up at Marina Bay, Bayfront Event Space from December 14 to December 31, 2023. Delight in high-octane races and cool down at the rooftop deck adjacent to the track – an ideal spot to unwind with friends […]

In a successful collective sale, Shenton House, located in Singapore’s Central Business District, has been sold for S$538 million. The buyer, Shenton 101 Pte Ltd, is owned by Lee Yeow Seng, the Group CEO of IOI Properties Group (IOIPG), a listed company on Bursa Malaysia Securities. Lee participated in the acquisition in his personal capacity […]