The Central Provident Fund (CPF) system in Singapore is evolving to better support members in building their savings for retirement, housing, and healthcare. Starting in January 2025, eight important changes will take effect, each designed to strengthen CPF’s role as a cornerstone of Singapore’s social security system. Here’s a breakdown of these updates: 1. Closure […]
Singapore’s private property market witnessed a remarkable surge in November, hitting its highest monthly sales in over 11 years. Developers sold 2,557 private homes (excluding ECs), a significant jump from October’s 738 units. This strong performance reflects pent-up demand, improved buyer confidence, and the excitement surrounding several major new project launches. Market Performance at a […]
A new chapter is set to unfold for Singapore’s rail industry. The Land Transport Authority (LTA) has announced that SBS Transit Rail (SBST) and French transport company RATP Dev Asia Pacific will jointly operate the upcoming Jurong Region MRT Line (JRL). This collaboration marks the first time a foreign operator will play a role in […]
Homeowners can look forward to some relief in 2025, with the government introducing a one-off property tax rebate. This initiative aims to ease the financial burden for owner-occupied properties amid rising cost-of-living concerns. Rebate Details HDB Flats: A 20% rebate for owner-occupied units. Private Residential Properties: A 15% rebate, capped at $1,000. These rebates will […]
On November 26, the Urban Redevelopment Authority (URA) released three residential land parcels under the second half of the 2024 Government Land Sales (GLS) programme. These include a site at Bayshore Road and two plots at Media Circle, offering exciting opportunities for property developers. Bayshore Road: A Prime Opportunity Near the East Coast The Bayshore […]
In a significant move, UOL Group has exercised its call option to purchase Thomson View Condo en bloc for $810 million. This deal, a joint effort with CapitaLand Development (CLD), represents one of the largest residential en bloc transactions of 2024. Milestone Agreement Secured The process began on October 26 when UOL and CLD entered […]
Exciting changes are on the horizon for Robertson Walk. Frasers Property has teamed up with renowned Japanese developer Sekisui House to redevelop the area into a luxurious mixed-use development. Set to launch in 2025 and complete by the end of 2028, this project is poised to redefine the Robertson Quay precinct. A New Era for […]
The recent Government Land Sale (GLS) for a residential site at Faber Walk has concluded with a top bid of $349.858 million ($900 psf per plot ratio or ppr) submitted by a consortium led by GuocoLand. This bid, alongside its partners TID Residential and Intrepid Investments, reflects the developers’ strong interest in the area’s growth […]
Asia’s property markets are on track for a strong 2025, with home prices expected to rise across key regions. According to Bloomberg Intelligence (BI), Hong Kong is set to lead the growth, but Singapore, Australia, and Japan are also showing promising signs. Hong Kong’s Market Recovery After years of decline, Hong Kong’s property prices are […]
The extension of the Thomson-East Coast Line (TEL) is reshaping Singapore’s East Coast property landscape. With seven new stations—Tanjong Rhu, Katong Park MRT, Tanjong Katong MRT, Marine Parade, Marine Terrace, Siglap, and Bayshore—residents are now closer than ever to convenient, high-speed travel. Today, around 235,000 households are within a 10-minute walk of a TEL station, […]
