Property News in Mar 2017

In Mar, the government has relaxed some cooling measures. The government has reduced the stamp duties that sellers need to pay for residential properties and slightly relaxed rules on loan thresholds. Braddell View goes private, marks the end of the government’s privatisation programme for HUDC estates. URA has put up a residential site at Tampines Ave 10 for sale. The 2.17 ha site is located between The Alps Residences and The Santorini. Continue reading

Kallang River rejuvenation

There is an ongoing exhibition at URA showcasing opportunities to rejuvenate the 10km long river and its surrounding areas. Potentially, there is an opportunity to develop another 100,000 residential units along both sides of the Kallang River over the next 20 years. URA is also planning to improve accessibility by providing an uninterrupted route along the river for pedestrians, joggers and cyclists. URA plans to enhance Kallang Basin as a sports and recreational venue, developing the area around the Sports Hub to cater to people with different interests, ages and abilities. Facilities planned include running trails, a new football hub and free-to-play courts. Continue reading

HDB will be $0 when the 99 year lease ends

Mr Lawrence Wong caused a stir when he said the HDB apartments will be $0 when the 99 year lease expires. Minister for National Development (MND) Lawrence Wong confirms that the Singapore government will confiscate all HDB apartments once the HDB 99-year lease is finished. The Minister wrote on the MND blog:

He also pointed out that when the leases for HDB flats run out, they have to be returned to the state eventually and that as flats near the end of their lease periods, their prices come down correspondingly.

null

News source: Channelnewsasia, TheStraitsTimes

China’s capital controls start to bite into Forest City

The mega project, Forest City by China’s property giant Country Garden has been hit by the recent capital controls. Forest City has been touted as a major green living concept with numerous amenities from high-end retail to parks. There are also plans for a light rail transit system and a ferry network with links to Singapore. The right pricing and the proximity to Singapore city is the main attraction to lure buyers into the mega project.

Source: Today Online

Forest City

 

The Crest Video

 

The Crest @ Prince Charles Crescent is truly an artistic masterpiece. Designed by world renowned architect Toyo Ito. The Crest overlooks the Good Class Bungalows in Jervois up market residential enclave. It is within minutes of drive from Orchard Road Shopping belt and the Central Business District. The Crest is also well connected to the Singapore River, Marina Bay and Southern Ridges via Park Connectors.