Singapore’s Q2 GDP won't be as grim with the inclusion of June's reopening: economists

“Given that Phase 1 began in early June and Phase 2 started sooner than we thought on 19 June, this allowed businesses to reopen and it means that the June indicators, such as retail sales, will not be as bad as April and May”, said…

Claims about lack of action from HDB on leaks, water contamination in DBSS flat untrue, says HDB

The investigations revealed no defects in the sewage system or other areas. The Housing and Development Board (HDB) has refuted the online claims of a woman on the authorities’ inaction on the alleged leaks and water contamination within…

Singapore enters recession after GDP contracts 12.6% in Q2

On a quarter-on-quarter seasonally-adjusted annualised basis, the economy shrank 41.2% in Q2 2020. Singapore has entered into recession after its economy contracted 12.6% on a year-on-year basis in the second quarter of 2020, due to the implementation…

Discussions on RTS Link project can be concluded by end-July, MOT

This comes as Singapore and Malaysia have been engaged in “intensive discussion” over the RTS Link project, said the ministry. Singapore has expressed optimism that discussions relevant to the Johor Bahru-Singapore Rapid Transit…

Government refutes claims made by opposition on living density as false

The government explained that Dr Cheong’s 2018 lecture was on how the republic can continue to be a highly liveable city in the event Singapore’s living density increase to 13,700 persons per square kilometre by 2030. The Singapore…

What makes real estate a worthy investment?

“Land is a man’s treasure”. For generations, land has always been regarded as a prized commodity, given its scarcity and possible benefits such as agriculture or for human activities. In certain communities around the world,…

1.4 million Singaporeans to get $570mil in GST Vouchers next month

Eligible Singaporeans will receive up to $300 in GST voucher, which will be directly credited into their bank accounts from 1 August. The Ministry of Finance (MOF) on Wednesday (1 July) announced that up to 1.4 Singaporeans will benefit from…

HDB resale prices climb 0.2% in Q2

HDB flash estimates showed that the resale price index increased by 0.2% in Q2 2020, after staying flat in Q1 2020. Whilst the COVID-19 pandemic has affected property prices in the private market, resale prices of HDB flats remained relatively…

Singapore private home prices drop 1.1% in Q2

Flash estimate from the Urban Redevelopment Authority (URA) showed that the private residential property index fell 1.1% in Q2 2020.  The COVID-19 pandemic has continued to affect the Singapore housing market as private home prices…

URA launches Jalan Anak Bukit site for tender

URA envisions the site as a distinctive development and identity marker for the Beauty World precinct. Photo: URA The Urban Redevelopment Authority (URA) on Tuesday (30 June) launched a concept and price revenue tender for a commercial and residential…