Lease buyback scheme to be extended to all HDB flats

Elderly owners of large Housing and Development Board (HDB) flats can look forward to monetising their flat by selling part of their remaining lease to the government.  This comes as the Lease Buyback Scheme (LBS) will now be extended to…

Response to VERS to depend on govt’s offered price for HDB flats

The response of HDB homeowners to the newly announced Voluntary Early Redevelopment Scheme (VERS) will hinge on its particulars, property experts told TODAYonline. “It boils down to how (it) will be implemented, and how much flat owners…

PM Lee sheds more light on 99-year leases for HDB flats

PM Lee noted that Singapore would run out of land for new public housing if the government sold HDB flats on a freehold tenure. With over 80 percent of the population living in Housing and Development Board (HDB) flats and the recent questions…

Home Improvement Programme to be expanded to benefit 230,000 HDB flats

View of HDB flats in Toa Payoh. In his National Day Rally speech on Sunday (19 Aug), Prime Minister Lee Hsien Loong said the Housing and Development Board’s Home Improvement Programme (HIP) will be expanded soon to cover HDB flats built…

CDL-CapitaLand bags prime site in Sengkang Central

A joint venture (JV) between CapitaLand and City Developments Ltd (CDL) has clinched a prime mixed-use site in the heart of Sengkang Central for $777.78 million ($923.6 psf ppr), announced the Urban Redevelopment Authority (URA) on Thursday…

August property sales to fall as buyers postpone purchases

With buyers holding back purchases during the hungry ghost month, analysts expect property sales for August to be sluggish, reported Singapore Business Review. Colliers International even expects the significant drop in sales to continue to…

Home prices to fall by up to 15% on property curbs: PropNex

The drop in home prices in Singapore could appeal to home buyers. With the new property cooling measures, PropNex Realty expects private home prices in Singapore to drop by 10 to 15 percent – which could appeal to first-time home buyers…

Buyers rushing to avoid property curbs led to 55% surge in July home sales

Riverfront Residences was one of the top performing projects in terms of sales last month. Propelled by buyers rushing to purchase private condos hours before the new property curbs took effect on 6 July, new private home sales in Singapore…

Singapore is 37th most liveable city in the world

Singapore has fallen behind Hong Kong in global liveability. Singapore has been ranked as the 37th most liveable city in the world in the Economist Intelligence Unit’s (EIU) Global Liveability Index, down two spots from its previous ranking. The…

Developers slash private condo prices by 5-10%

A crowd of buyers at the recent launch of The Tre Ver in Potong Pasir. (Photo: UOL Group) Private condominiums launched before and after the introduction of new property curbs are trimming their unit prices by around 5.0 to 10 percent, reported…