As the deadline approaches for mortgages tied to the Singapore Interbank Offered Rate (Sibor), it’s reported that although around 30,000 borrowers switched between January and October, approximately 57,000 still hold onto their Sibor-based loans. The Association of Banks in Singapore (ABS) notes that Sibor is set to be discontinued by the end of 2024, with […]
The Ministry of Finance (MOF) and Inland Revenue Authority of Singapore (Iras) have announced a one-off property tax rebate for owner-occupied homes in response to the anticipated increase in property taxes. The rebate, ranging from 100 percent for small public flats to 15 percent for private properties, aims to mitigate the impact of higher property […]
The Raffles Town Club site is scheduled for redevelopment into homes after its lease expires on October 17, 2026, according to the Singapore Land Authority (SLA) and Urban Redevelopment Authority (URA). The club, currently situated near Stevens MRT station, will need to vacate its premises to make way for future residential development. This decision aligns […]
Upper House in Bukit Timah surpassed expectations during its preview on Nov 18, with over 50% of the 180 units sold, dispelling concerns about cooling measures affecting demand for high-end homes in the prime district. UOL Group and Singapore Land Group (SingLand) successfully sold 57%, or 102 units, of the luxury freehold project at an […]
Two GLS sites, namely Holland Drive and De Souza Avenue in Upper Bukit Timah, have been included in the reserve list for the second half of 2023. Despite this, analysts express doubt about immediate developer interest. These reserve-list sites, which need an application before tender, may not see bids until developers specify an acceptable minimum […]
In a significant move, public housing flats will be launched in the Pearl’s Hill area near Chinatown for the first time in 40 years. This initiative is part of the government’s broader plan to diversify housing types in central locations and breathe new life into the city center, creating vibrant mixed-use districts. The objective is […]
The tenders for three state-owned plots closed on Tuesday, with fewer developers submitting bids due to higher interest rates and increased economic and geopolitical uncertainties. Nevertheless, two private housing sites, specifically Lorong 1 Toa Payoh and Pine Grove Parcel B, received top bids that exceeded market expectations. The Lorong 1 Toa Payoh and Pine Grove […]
Construction has officially commenced on the Cross Island Line (CRL) Punggol extension in Singapore, which is expected to shorten over 70,000 daily journeys between the north-east and east of the country. The 7.3km extension of Singapore’s eighth MRT line comprises four stations: Punggol, Riviera, Elias, and Pasir Ris. The extension will significantly improve rail connectivity, […]
The Integrated Programme, or IP, offers an alternative educational path for students in Singapore. Here are the key points: Purpose: IP is a 6-year program introduced in 2004 that allows students to bypass the national O-level examinations and proceed directly to A-levels or other qualifications like the International Baccalaureate (IB). Curriculum: IP students undergo a […]
GEP (Gifted Education Programme) The Gifted Education Programme, or GEP, is a specialized program designed to cater to the educational needs of intellectually gifted students in Singapore. Here’s what you need to know: Identification Process: Students eligible for the GEP are identified through a two-stage exercise in Primary 3. Those selected will receive an invitation […]
