URA restricts re-issue of option to purchase

Developers can no longer re-issue OTPs to the same buyer(s) for the same unit(s) within 12 months of the earlier OTP.  Starting from Monday (28 September), housing developers can no longer re-issue Option to Purchase (OTP) for the same…

Penrose sold over 60% of its units over virtual launch weekend

The District 14 project saw 341 of its 566 units sold during its virtual launch weekend. Photo: Hong Leong Group/CDL. Penrose, a joint residential development project of Hong Leong Holdings Limited and City Developments Limited, sold 60.3% or…

Unique HDB Houses

With most of the Singapore population living in HDB flats, it will be interesting to know the different types of flats around are not just your usual Build to Orders (BTOs). Additionally, if you are hunting for a roof over your head, these…

Japanese YouTuber buys four-room resale flat for $500,000

Though he did not reveal the exact location, he said that the house – which he acquired with his Singaporean wife – costs around $500,000. This means it could be located among Singapore’s more mature estates. Photo: YouTube/Ghib…

Knight Frank: Future Singapore homes might be “homework” ready

According to Knight Frank, “the typical private residential condominium home might begin to undergo some evolution in form and function to incorporate ideas and concepts that first began with SOHO units in Singapore, should WFH become…

Covid-19 to impact designs of houses across the world

Among the potential COVID-19 inspired changes include the provision of advanced telecommunications and space for home offices as well as healthier and greener living environment. COVID-19 could impact the near-term and long-term design…

Hold-off levy of ABSD to genuine HDB upgraders, says PropNex CEO

This will help solve the re-issuing of OTPs and help HDB upgraders buy a new private home.  PropNex CEO Ismail Gafoor urged the government to hold off the imposition of the Additional Buyer’s Stamp Duty (ABSD) on HDB homeowners…

Huttons appoints Mark Yip as new CEO

Huttons Group CEO Mark Yip. Photo: Huttons Group. Huttons Group has appointed Mark Yip as its new Chief Executive Officer, effective 1 November. He succeeds Goh Kee Nguan, who resigned on 12 August to pursue other business interest. Huttons’…

Verdale sells 50% of 78 units released on launch weekend

Buyers were a mix of investors, young professionals, multigenerational families and young couples. Photo: COLI Singapore and CSC Land Group. Verdale, a private residential development located at Jalan Jurong Kechil in District 21, has sold…

Public Housing Gem: 3Gen flats

In 2013, the Housing Development Board (HDB) of Singapore introduced a new type of flat called 3-generation (3Gen) flats. These flats, though launched 7 years ago, still remain a mystery to some people.   The aim of launching these…