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 […]
In a significant move, public housing flats will be launched in the Pearl’s Hill area near Chinatown for the first time in 40 years. This initiative is part of the government’s broader plan to diversify housing types in central locations and breathe new life into the city center, creating vibrant mixed-use districts. The objective is […]
The tenders for three state-owned plots closed on Tuesday, with fewer developers submitting bids due to higher interest rates and increased economic and geopolitical uncertainties. Nevertheless, two private housing sites, specifically Lorong 1 Toa Payoh and Pine Grove Parcel B, received top bids that exceeded market expectations. The Lorong 1 Toa Payoh and Pine Grove […]
GEP (Gifted Education Programme) The Gifted Education Programme, or GEP, is a specialized program designed to cater to the educational needs of intellectually gifted students in Singapore. Here’s what you need to know: Identification Process: Students eligible for the GEP are identified through a two-stage exercise in Primary 3. Those selected will receive an invitation […]
The Integrated Programme, or IP, offers an alternative educational path for students in Singapore. Here are the key points: Purpose: IP is a 6-year program introduced in 2004 that allows students to bypass the national O-level examinations and proceed directly to A-levels or other qualifications like the International Baccalaureate (IB). Curriculum: IP students undergo a […]
The Urban Redevelopment Authority (URA) has unveiled several proposals for its upcoming 2025 Draft Masterplan, which will guide Singapore’s land use and development plans for the next 10 to 15 years. Among the key proposals are: Centralized Housing: Plans include the development of a diverse mix of public and private housing in more central locations, […]
The first phase of the Bishan-to-City Links project, which aims to create a seamless pedestrian and cycling route from Bishan to the city along the Kallang River, opened on October 5, 2023. The Urban Redevelopment Authority (URA) announced that this phase included enhancements and additions such as underpasses and signalized crossings to improve connectivity and […]
The Land Transport Authority (LTA) has recently granted civil contracts for the design and construction of two crucial interchange stations as part of the Cross Island Line (CRL) Phase 2 initiative: King Albert Park and Clementi. The design and construction of King Albert Park station have been awarded to China Communications Construction Company Limited (Singapore […]
In a competitive bidding process, a joint venture consisting of GuocoLand, Intrepid Investments from Hong Leong Holdings, and CSC Land Group secured the highest bid at $435.2 million for a private housing site at Lentor Central in Yio Chu Kang. This 475-unit site translates to $982 per sq ft per plot ratio (psf ppr), representing […]
In July 2023, Housing Board (HDB) flat rents increased by 2%, marking the 37th consecutive month of rent hikes, following a 1.4% increase in June. Overall, HDB rents have risen by 24.1% between July 2022 and July 2023, based on data from real estate portals 99.co and Singapore Real Estate Exchange (SRX). Similarly, condominium rents […]
