General Property News

cityscape-of-hong-kong

Hong Kong Scraps Property Curbs and Raises Taxes for Highest Earners

Hong Kong has decided to remove cooling measures in an attempt to revitalize its sluggish residential market and provide additional support for tourism, forming part of a comprehensive plan to reinvigorate the struggling financial hub. Financial Secretary Paul Chan announced the immediate cancellation of measures aimed at curbing housing demand, stating that these policies are […]

Holland Drive GLS Source URA

Prime GLS site in Holland Drive released for sale

A coveted 99-year leasehold site in Holland Drive, capable of accommodating approximately 680 units, is now open for sale as part of the confirmed list for the first-half 2024 Government Land Sales (GLS) program. This marks the first GLS site launch in the Holland Village vicinity since the award of a nearby Holland Road site […]

Future Keppel housing area. Source: HDB

Singapore as the Third-Best Country for Relocating and Building Family Wealth

According to a recent study of 27 countries on opportunities for families to relocate and enhance their earnings, Singapore has secured the third position globally. The study, conducted by citizenship advisory firm Henley & Partners, crowned Switzerland as the best country for building multi-generational wealth, offering unparalleled opportunities for families seeking higher earnings and promising […]

peoples park complex chinatown singapore

Optimism Abounds for Singapore’s Real Estate Investment Market in 2024

The landscape of January 2024 diverges significantly from that of January 2023. Interest rates have peaked, inflation is receding, and the S&P 500 is scaling new heights. While the descent in interest rates may not be as swift as anticipated by some, the prevailing sentiment is optimistic, with investors gradually emerging from their hiatus. Projections […]

Jack Ma Wife bought Shophouses at Duxton Road

Jack Ma’s wife said to have bought three adjoining shophouses on Duxton Road

Zhang Ying, the spouse of Jack Ma, co-founder of Alibaba Group, has reportedly acquired three adjacent shophouses along Duxton Road for an estimated S$45-50 million. As reported by The Business Times, the Singaporean citizen purchased units located at 70, 71, and 72 Duxton Road, all of which are 99-year leasehold properties with 63.5 years remaining. […]

Changes to Property Tax from January 2025

Revised Property Tax Bands to Benefit Homeowners

In the latest Budget announcement, Finance Minister Lawrence Wong revealed that annual value (AV) bands for owner-occupied residential property tax rates will undergo revision starting January 2025. The adjustment aims to provide homeowners with the prospect of either maintaining or reducing their property tax bills, assuming no alteration in their properties’ AVs and before any applicable […]

Bayshore Estate. Source HDB

State land sale proceeds in FY2023 at S$8.15 billion so far, highest in 6 years

Singapore’s land sales have surged to an extraordinary six-year high, totaling S$8.15 billion in the fiscal year ending March 31, 2024. This remarkable achievement surpasses the previous record of S$8.4 billion set in FY2017, showcasing a significant uptick in government revenue from state land sales (GLS). The contrast between FY2023 and the preceding fiscal years […]

The Straits Times Household Income Increase

Singapore’s Median Monthly Household Income Surpasses $10,000 for Second Consecutive Year

The Singapore Department of Statistics (SingStat) has released data revealing that the median income from work for households in Singapore exceeded $10,000 for the second consecutive year in 2023. The figure, which applies to resident employed households, saw a 7.6% increase from the previous year, reaching $10,869. The data sheds light on the economic well-being […]

Proposed-integrated-development-in-Kembangan. Source: The Straits Times

Proposed integrated development in Kembangan to have 340 BTO units, new community club

The Housing Development Board (HDB) has revealed ambitious plans for an integrated development adjacent to Kembangan MRT station, encompassing approximately 340 Build-To-Order (BTO) units and a five-story building featuring a new community club, supermarket, retail shops, outpatient healthcare facility, and more. The development aims to enhance community facilities, add retail options, and create a vibrant […]

Kembangan MRT Future Land Plot for Residential Use

Proposed Residential Development Near Kembangan MRT Station

A residential development is proposed near Kembangan MRT Station, and analysts suggest that the prime location and high value make it more likely to be condominiums. If it were to be HDB flats (public housing), it could be classified as premium HDB flats due to the prime location. The Urban Redevelopment Authority (URA) recently announced […]

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