Cities must "grow up" to survive: research

Horizontal growth has been found to be less efficient than vertical growth, which ensures that new developments still have access to city services. Expected to grow by 80 percent by the end of the next decade, urban areas could be in trouble…

GuocoLand starts construction of Guoco Midtown despite 84% earnings plunge

The Group recently broke ground for the integrated mixed-use development Guoco Midtown in Singapore. GuocoLand’s earnings plunged by 84 percent to $10.85 million in the second quarter ended 31 December compared to about $66.01 million…

Purchasing a HDB – Should you maintain the $20,000 balance in your CPF OA?

Back in August 2018, the Housing Development Board (HDB) announced that flat buyers can now opt to keep up to $20,000 each in their Central Provident Fund (CPF) Ordinary Account (OA) when taking up a loan from HDB. Previously, flat buyers were…

PropertyGuru unveils new visual search solution for home seekers, first for Southeast Asia

Very soon, home seekers will be able to use their smartphone camera to simply point, tap and discover homes on-the-go. You’re walking down the street and happen to see a condominium you may be interested in renting or buying. Unfortunately,…

LTA awards $615.9m contract for section of North-South Corridor

Artist’s impression of the cycling routes along the North-South Corridor. Source: LTA A $615.9 million contract has been awarded to build a portion of the North-South Corridor (NSC), an expressway that will link Singapore’s central…

Two projects seek to revive en bloc attempt at lower prices

Aerial view of the Gilstead Court residential development in District 11. (Photo: JLL) Gilstead Court, a residential development at the Novena-Newton area in District 11, has been relaunched for collective sale via tender at a potentially lower…

Property Predictions For 2019

Private home prices and transactions are expected to remain subdued in 2019. Experts look into the crystal ball to give their outlook on the Singapore property market. By Romesh Navaratnarajah Recent property cooling measures may have dampened…

71 HDB flats changed hands for over $1mil in 2018

The number of HDB resale deals has increased significantly from just two in 2014 and 46 in 2017. A record number of HDB resale flats were sold at over $1 million for the whole of 2018, even though the island-wide prices of such units have fallen…

Future Cross Island Line to cut travel time by up to 70 mins

Phase 1 of the Cross Island Line has been finalised with 12 MRT stations passing through areas such as Changi, Loyang, Pasir Ris, Hougang and Ang Mo Kio. Construction work on Phase I of the highly-anticipated Cross Island Line (CRL) is poised…

Private home prices up 7.9% in 2018, HDB resale prices down 0.9%

Private home prices in Singapore rose at a faster pace last year. Private home prices in Singapore, excluding executive condominiums (ECs), increased at a faster pace last year. On the other hand, the decline in HDB resale prices slowed down. According…