Singapore Property News

Khaw is not afraid of making radical changes, listening to the ground THE raft of changes to Singapore's housing policy makes it hard to believe it's just been about three weeks since the new Cabinet was announced and Singapore had a new property czar. Yet in the time since former health minister Khaw Boon Wan took over at [...]

Khaw asks HDB to look into releasing unsold units; it could boost total to 26,000 this year EVEN as the latest offer of 3,957 Build-To-Order (BTO) flats drew to a close yesterday, National Development Minister Khaw Boon Wan announced yet another infusion to ramp up supply. He has asked the Housing Board to look into releasing 1,000 unsold [...]

Not every mature estate has room for more flats, says Khaw NATIONAL Development Minister Khaw Boon Wan yesterday gave a clearer indication of which mature towns could see more new flats offered to young home-buyers. These are unlikely to include established, densely populated estates like Tanjong Pagar as they 'are already substantially built up', he said in his [...]

INDUSTRIAL developer Global Orion Properties has ventured into the residential arena with its 108-unit The Viridian in the Balestier area. Units at the freehold project are priced at an average of $1,550 per square foot (psf), with overall prices starting from $785,000 for a one-bedroom unit. The 23-storey The Viridian comprises mostly one- and two-bedroom units. Previews start [...]

Paya Lebar Central mixed-use plot seen drawing bids of $860-$940 psf ppr THREE new 99-year leasehold state land parcels were released for sale yesterday: a 2.07 hectare mixed-use site at Paya Lebar Central; a 0.38 ha hotel site at Little India; and an executive condominium (EC) housing parcel at Upper Serangoon View.   All three sites are being [...]

A PUBLIC housing site under the Design, Build and Sell Scheme (DBSS) at Pasir Ris Central/Pasir Ris Drive 1 attracted a top bid of $123.9 million, or $281 per square foot per plot ratio (psf ppr), when its tender closed yesterday. A tie-up between Kay Lim Holdings and a unit of Singapore-listed SingXpress Land submitted the bid, which [...]

INDUSTRIAL property developer Global Orion Properties is no stranger to the Singapore property scene, but it is making its debut in the residential market here with its The Viridian project. The developer has chalked up residential projects in Australia and Indonesia through its affiliated companies, but decided against jumping head-first into the residential sector here. In an interview [...]

Elder not entitled to money as HDB does not allow flats to be held in trust: Judge IT SEEMED like an ideal arrangement. Mr Chong Sze Pak was not eligible to buy a Housing Board flat and his younger brother could not afford one. So the businessman helped his sibling, Mr Chong Ser Yoong, pay for the flat, [...]

Some estates have plots meant for homes that are not developed yet MORE younger folk could become homeowners in mature estates such as Bishan, Ang Mo Kio, Toa Payoh, Tampines and Pasir Ris if the Housing Board (HDB) offers flats in these areas, where analysts say may still have room to build more homes. These areas still have [...]

NUS index registers 1% gain in April, biggest since Jan's cooling measures RESALE property prices mirrored the buoyant mood in the new homes market and inched up higher last month, according to an index that tracks prices. Home prices were up 1 per cent last month – the biggest monthly rise since January's cooling measures – and the [...]