Unlike past years which saw at least four Built-to-Order (BTO) sales exercises in total, 2024 will have just three: one each in February, June, and October. However, with a total of 19,600 units being launched this year, this translates into more opportunities for applicants to secure a flat, plus greater freedom to take their pick from a larger pool of units and neighbourhoods. Source: HDB, ERA Research...
May 2024
Since its introduction in 1967, the Government Land Sales (GLS) programme has proven largely instrumental in shaping Singapore’s urban transformation, allowing state land to be sold periodically to interested property developers.However, the significance of GLS launches extends beyond this role. Their results may also offer key insights into future property prices as well as developer sentiment. So, the...
Introduced in 2022, the Land Betterment Charge (LBC) is a tax levied on windfalls arising from increases in land value when development takes place. Additionally, LBC rates are reviewed twice a year by the Singapore Land Authority (SLA), with adjustments made based on location and property type. Just recently, SLA announced the latest update in LBC rates for residential and non-residential properties,...