The landscape of January 2024 diverges significantly from that of January 2023. Interest rates have peaked, inflation is receding, and the S&P 500 is scaling new heights. While the descent in interest rates may not be as swift as anticipated by some, the prevailing sentiment is optimistic, with investors gradually emerging from their hiatus. Projections […]
Zhang Ying, the spouse of Jack Ma, co-founder of Alibaba Group, has reportedly acquired three adjacent shophouses along Duxton Road for an estimated S$45-50 million. As reported by The Business Times, the Singaporean citizen purchased units located at 70, 71, and 72 Duxton Road, all of which are 99-year leasehold properties with 63.5 years remaining. […]
TID, the developer behind the Lentoria project, offered a sneak peek of its development in Lentor Hills on February 17, starting at S$1,965 per square foot (psf). Situated in District 26, Lentoria, a 99-year leasehold property, is set to accommodate 267 units and marks the fourth new launch in Lentor out of the six Government […]
In the latest Budget announcement, Finance Minister Lawrence Wong revealed that annual value (AV) bands for owner-occupied residential property tax rates will undergo revision starting January 2025. The adjustment aims to provide homeowners with the prospect of either maintaining or reducing their property tax bills, assuming no alteration in their properties’ AVs and before any applicable […]
According to a recent study of 27 countries on opportunities for families to relocate and enhance their earnings, Singapore has secured the third position globally. The study, conducted by citizenship advisory firm Henley & Partners, crowned Switzerland as the best country for building multi-generational wealth, offering unparalleled opportunities for families seeking higher earnings and promising […]
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 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 […]
The Immigration and Checkpoints Authority (ICA) in Singapore has unveiled plans for a major expansion of the Woodlands Checkpoint, with work set to commence in 2025. The project aims to increase the checkpoint’s size fivefold, addressing the growing demand for travel. The first phase, scheduled for completion progressively from 2028, involves an extension at the […]
The former Kebun Baru Primary School site in Ang Mo Kio is poised for a significant transformation as the Urban Redevelopment Authority (URA) proposes amendments to its masterplan to pave the way for high-rise residential developments. The strategic location, just 1km from Mayflower MRT station on the Thomson-East Coast Line, makes this site an attractive […]
