Exclusive Living In Singapore
A piece of residential land parcel at Margaret Dive was released for Government Land Sales (GLS) by URA (Urban Redevelopment Authority) in November, 2016.
The site area that measures about 4809 square metres holds a lease period of 99 years and will be used to construct a residential development. It is estimated that there will be 275 residential units within the development.
When it comes to Singapore’s coolest, hippest neighbourhood, there are always the same usual suspects that trip of the nation’s collective tongue: Tiong Bahru, Keong Saik, Everton Park, Jalan Basar and Kampong Glam’s Haji Lane. There is another one however, one that has kept itself to itself, and has been more than happy to fly under the radar. That place is Siglap, and despite its lack of appearances and mentions in “Singapore’s top 5…” lists it has more than enough style, hip and downright cool to give those that do feature, a run for their money.
One of the results of having a successful nation – a fully developed one – is that the nature and make up of that nation’s population changes. The population of developing nations can be represented by a pyramid, with the age of the populace increasing as you go up the levels. There are significantly fewer elderly members of society in proportion to those lower down the pyramid, those who are of working age. There comes a time in a country’s development however, when this pyramid suddenly flips. This means that there are more elderly people – those that have contributed to society, but no longer are able, or want to, at least financially – than there are those of traditional working age.
After almost three years, Hong Kong, is rising stamp duties on property transaction. Their real estate is one of the most expensive in the world, and many experts have suggested it will rise more this year. The skyrocketing prices, has contributed towards the already growing discontent. The widening wealth gap, and rising living costs had people under pressure.
Builders have been branching out much more in extension fees, compared to last year; for their shortcoming on their ability to sell all their apartments during a fixed time frame.
On, October 27, reports taken from the Singapore Land Authority (SLA) showed that local government has collected $58.2 million in extension fees this year. Which in comparison to last years $24.9 million, is more than double.
These extension fees are related to QC (Qualification Certificate), whose rules apply to both foreign and local developers.
The government of Singapore is working very seriously on turning it into a “car-lite” nation. By 2030, the city is aiming to achieve this by starting the “Walk, Cycle, Ride” campaign, hoping that more locals with switch to public transport instead of driving their own vehicles.
Punggol, a beautiful town in Singapore, is the country’s seventh cycling town. The government of Singapore is planning for easy travelling in the town. These routes will help people reach their destination in less time. The environment of the city will be preserved by reducing car usage. Before Punggol, Government of Singapore has launched the cycling paths in six other cities which include Tampines, Pasir Ris, Taman Jurong, Yishun and Changi.
A white site along the central Boulevard in Singapore got the highest bid by the Malaysia’s IOI properties group. The site has managed to attract seven bidders out of which IOI has emerged as the top bidder. The bid of this group was $2.57 billion for the place, which will make it an equivalent of $1,689 per square feet. It is considered to be the highest bid for a Government land sale site in Singapore.
The most important factor in any case of buying properties – and always is the first concern of the potential customers – is the location of the project. Other factors are outweighed by this single entity, a good location may overlook other flaws in the system while a bad location may become the reason of ignoring other up-sides of the system.
It seems that almost every week we are reading about a part of Singapore’s history that is soon to be gone forever, with iconic landmarks and institutions such as the Rocher Centre, the Thieves Market and Funan DigitalLife Mall all bidding adieu. Another one that can certainly be added to that list is Dakota Crescent Estate in Mountbatten.
To evade paying extra extension charges for the 50 left over units at Waterscape at Cavenagh, the developer of the 200-unit freehold residential project in District 9 had only one choice. That was to be acquired by its controlling shareholder. Obviously, a very major decision for any company. According to an SGX filing last week, Hiap Hoe Holdings bought the entire share capital of Cavenagh Properties for a whopping $31.08 million in cash. This is the revalued net asset value of the unsold units.
Two recent announcements have indicated the government’s intentions to alter the way people are able to sell prime HDB properties, while it is good news for young couples trying to get onto the property ladder.
There is no doubt that the world economy is going through troubling times, and it is impossible for Singapore not to be adversely effected by these events. The government though – in the shape of trade minister Lim Hng Kiang does not expect it to develop into a full blown recession. That said there is every likelihood that things will get worse before they start to improve.
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If you are considering buying a resale condo or EC, or are thinking about renovating your existing one, the type of flooring you go for is one of the most important decisions you can make. This goes for how practical and hardwearing the material is, as well as how good it looks, and what effects it will have on the resale value. Here we look at some of the most common types of flooring used in condos and EC’s in Singapore today.
The Land Transport Authority (LTA) will have a conversation specialist to guide on how to reduce the effect of the future tunnel works on Ellison Building. Authorities said in August that one of the nine units of the building will be broken down to make some space for upcoming North-South Corridor. It is a 21.5 km expressway. They also said that the building’s torn down corner comprises of house numbers 235, 237 and 239. It will be re-constructed after the tunnel is completed in 2026.