RAY Yuen had been patiently waiting for months for a buyer to show interest in his Hong Kong home, hoping to upgrade to a larger property for his family. Unfortunately, offers were scarce, and the ones that did come in were unreasonably low. However, everything changed rapidly. Following Financial Secretary Paul Chan’s announcement of the […]
The Government is exploring the possibility of transforming Gillman Barracks, an arts and lifestyle enclave at the southern end of Alexandra Road, into a new residential neighborhood. National Development Minister Desmond Lee informed Parliament on March 5 that the envisioned development could encompass a blend of public and private housing to address the demand for […]
Pine Grove condominium is set to be relaunched for collective sale at $1.95 billion on March 6, as the collective sale committee (CSC) was unable to secure the 80% mandate required to reduce the reserve price to $1.78 billion. The tender deadline is May 6, 2024, at 3 pm, with ongoing efforts to attain the […]
The opening of Thomson-East Coast Line (TEL) Stage 4, stretching from Tanjong Rhu to Bayshore, has been announced for June 23, as stated by Transport Minister Chee Hong Tat on March 5. The 10.8km stretch includes seven new MRT stations: Tanjong Rhu, Katong Park, Tanjong Katong, Marine Parade, Marine Terrace, Siglap, and Bayshore. To familiarize […]
The freehold condominium, Island View in Pasir Panjang, is set to be relaunched for collective sale on March 5, with plans to reduce the reserve price by 7.5% to $532 million. The decision to lower the reserve price comes after a failed attempt in October last year, which saw no bids. The owners are currently […]
During the launch weekend on March 2 and 3, TID successfully sold 50 units of its Lentoria project, accounting for 19% of the development, with prices starting at S$1,958 per square foot (psf). Notably, over 70% of the sold units were two and three-bedroom configurations ranging from 700 sq ft to 1,119 sq ft. Lentoria, situated […]
Land betterment charge (LBC) rates for various use groups, including residential, commercial, industrial, and hotels, have been increased for the first time since a review in September 2011. The new rates for the period from March 1 to Aug 31 were announced on Feb 29 after a review by the Singapore Land Authority in consultation […]
Hong Kong has decided to remove cooling measures in an attempt to revitalize its sluggish residential market and provide additional support for tourism, forming part of a comprehensive plan to reinvigorate the struggling financial hub. Financial Secretary Paul Chan announced the immediate cancellation of measures aimed at curbing housing demand, stating that these policies are […]
A coveted 99-year leasehold site in Holland Drive, capable of accommodating approximately 680 units, is now open for sale as part of the confirmed list for the first-half 2024 Government Land Sales (GLS) program. This marks the first GLS site launch in the Holland Village vicinity since the award of a nearby Holland Road site […]
GuocoLand is set to unveil its newest project, Lentor Mansion, in the Lentor Hills estate, with previews starting on Friday, March 1. The prices for this 99-year leasehold development will commence from S$2,082 per square foot. Situated in District 26, Lentor Mansion encompasses 235,371.2 square feet of land and will feature 533 units distributed across […]
