General Property News

Holland Drive GLS Source URA

Consortium Led by UOL and CapitaLand Places Top Bid of S$805.39 Million for Holland Drive Site

A prime 99-year leasehold private housing site near Singapore’s Holland Village MRT station attracted three bids at a state tender on Tuesday (May 14). Despite its desirable location, the bids were below market expectations, reflecting developers’ cautious approach towards large, premium sites. The highest bid came from a consortium led by UOL Group and CapitaLand […]

Inland Revenue Authority of Singapore

Iras to claw back S$60 million from buyers who used ‘99-to-1’ loophole to avoid ABSD

As of April 2024, the Inland Revenue Authority of Singapore (IRAS) has identified 166 instances of tax avoidance related to the purchase of private properties, resulting in approximately S$60 million in Additional Buyer’s Stamp Duty (ABSD) and surcharges to be reclaimed. Deputy Prime Minister and Minister for Finance Lawrence Wong disclosed this information on Tuesday, […]

New residential estate in Sengkang could have 10,000 homes

New residential estate in Sengkang could have 10,000 homes

A proposed plan for a new residential estate adjacent to the Tampines Expressway (TPE) in Fernvale North, Sengkang, suggests the potential construction of approximately 10,000 homes. The Urban Redevelopment Authority (URA) is in the process of preparing an 18.9-hectare site bordered by Jalan Kayu, Fernvale Street, the TPE, and the upcoming Sengkang West Drive for […]

Media Circle to support housing demand

More homes planned in Media Circle to support housing demand

More homes may soon grace the landscape of Media Circle, as hinted by an update from the Urban Redevelopment Authority (URA) on Friday (May 3). A plot of land across from Infinite Studios in one-north, previously designated for business park use, is now proposed for residential with commercial space on the ground floor. Similarly, parcels […]

Cuscaden Reserve Facade

Condo resale prices inch up in March as volume rebounds 17.4%

Resale condominium prices inched up by 0.4% in March, marking a rebound from February’s seasonal slowdown, as reported by real estate portals Singapore Real Estate Exchange and 99.co on April 25. This increase, slightly higher than February’s 0.2%, reflects a gradual recovery in the market. Analysts attribute this modest price growth to a disparity in […]

URA releases reserve list site in Zion Road after developer commits to bid at least $604.6 million

URA releases reserve list site in Zion Road after developer commits to bid at least $604.6 million

The Urban Redevelopment Authority (URA) has put up a site in Zion Road for sale from its reserve list after receiving an application committing to a bid not less than approximately $604.6 million. This move follows the recent sale of a larger neighboring site in Zion Road to a City Developments Limited-Mitsui Fudosan joint venture […]

The Residences at W Sentosa

CDL unit sells 65 units of The Residences at W Sentosa after slashing prices

Cityview Place Holdings, an associate of City Developments Limited (CDL), successfully moved 65 units of The Residences at W Sentosa Cove Singapore within a week, surpassing the initial offering of 58 units on April 9. Responding to robust demand, additional units were released, drawing approximately 3,200 visitors from April 10 to 14, according to a […]

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