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 […]
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. According to Mr. Leonard Tay, Head of Research
Lorong 1 Toa Payoh private housing site draws $968m bid Read More »
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
Understanding GEP and IP Programs in Singapore Read More »
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
IP (Integrated Programme) Read More »
In a competitive bidding process, a joint venture consisting of GuocoLand, Intrepid Investments from Hong Leong Holdings, and CSC Land Group secured the highest bid at $435.2 million for a private housing site at Lentor Central in Yio Chu Kang. This 475-unit site translates to $982 per sq ft per plot ratio (psf ppr), representing
Joint Venture Secures Prime Land in Lentor Central, Singapore Read More »
Singapore and Malaysia achieved several significant bilateral milestones, further strengthening their relationship. During Singapore Prime Minister Lee Hsien Loong’s working visit to Johor, Malaysia, progress on the Johor Bahru-Singapore Rapid Transit System (RTS) Link was commemorated, and a memorandum of understanding (MOU) was signed for a special economic zone (SEZ) between Singapore and Johor. Johor
GuocoLand Limited, a prominent Singaporean property developer, has successfully obtained a S$498.6 million green financing facility from DBS and OCBC to facilitate the development of the Lentor Gardens residential site. This initiative demonstrates GuocoLand’s dedication to sustainability and underscores their emphasis on green financing. The funds will be utilized for the construction of the site,
Guocoland Bags S$498.6 Million Green Facility To Develop Lentor Gardens Site Read More »
During the launch weekend of Lentor Hills Residences, a joint development by Hong Leong Holdings, Guocoland and TID, an impressive 298 out of 598 units were sold, accounting for half of the available units. This reflects the strong demand in Singapore’s property market. The average price achieved for these units was S$2,080 per square foot
Half of Lentor Hills Residences units sold on launch weekend at average of S$2,080 psf Read More »
BCA introduced a new CONQUAS banding system on 25th May 2023 to help private homebuyers make informed choices prior to their purchase and these information will be made available on BCA’s Quality Housing Portal (QHP). Under the new CONQUAS banding system, developers and builders will be assigned a rating from Band 1 (very low incidence
CONQUAS banding system Read More »