A mother and her son have become the first individuals in Singapore to be charged for providing false and misleading information to the Inland Revenue Authority of Singapore (Iras) in a case linked to the “99-to-1” property arrangement. This legal action comes as part of Iras’ ongoing efforts to clamp down on property tax avoidance […]
Bukit Sembawang’s latest development, 8@BT, saw promising sales during its launch, with just over half of the units snapped up at an average price of S$2,719 psf. The one-bedroom units were particularly popular, achieving a 91% take-up rate, with prices starting from around S$1.34 million, according to Marcus Chu, CEO of ERA Singapore. The two- […]
Malaysia’s Road Transport Department (JPJ) has announced the addition of two new locations in Johor for Singaporean vehicle owners to collect and install their Vehicle Entry Permit (VEP) tags starting from Sept 22. This move is aimed at easing the collection process as demand rises. The new collection points will be at the Johor JPJ […]
Developers have shown a clear preference for proven locations amid current market challenges, as seen on Thursday (Sep 19) when a mixed-use site in Tampines attracted six bids. This state land tender has drawn the strongest interest in a year, a sign that developers remain confident in established areas. A joint venture between Hoi Hup […]
The government’s ambitious plan to develop Singapore’s second Central Business District in Jurong East has hit a temporary roadblock. A consortium of developers submitted a bid for a massive site in Jurong Lake District (JLD), but the Urban Redevelopment Authority (URA) rejected the offer as it was deemed “too low.” The bid came in at […]
On September 12, the Urban Redevelopment Authority (URA) released a residential site at Faber Walk in Clementi as part of the second half of the 2024 Government Land Sales (GLS) programme. The site, measuring 25,795.5 square meters, is expected to accommodate 400 residential units, with a cap of 403 to ensure traffic flow remains manageable. […]
In positive news for job seekers in Singapore, a recent survey reveals that almost half of the employers are planning to increase their headcount in the final quarter of 2024, marking a notable boost in hiring sentiments after a year of mixed results. According to a poll conducted by recruitment firm ManpowerGroup, 46% of companies […]
Bukit Sembawang Estates is gearing up for the preview of its highly anticipated Upper Bukit Timah project, 8@BT, set to kick off this Saturday, September 7th. Prices start from a competitive S$2,530 per square foot (psf), making it an attractive option for potential buyers. With 158 units in total, 8@BT offers a diverse range of […]
Singapore’s tax revenue hit a new high in the 2023/2024 financial year, collecting a whopping S$80.3 billion (US$61.4 billion) – marking a 17% increase from the previous year. This jump in tax collection reflects the country’s solid economic performance and rising wages in 2022, according to the Inland Revenue Authority of Singapore (IRAS). This tax […]
The iconic Concorde Hotel & Shopping Centre at 100 Orchard Road has officially been launched for collective sale, marking its first en bloc attempt. Owned by Singapore-listed Hotel Properties Ltd (HPL), this prime property features 407 hotel rooms spread across the fourth to ninth floors and 63 out of 98 strata shops within the three-story […]
