Bukit Timah is traditionally known to be a prime residential area consisting predominantly luxury private condominiums and landed homes, as well as being located near the Core Central Region (CCR). But this could soon change over the next 20 to 30 years. So you see, the Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) has announced a development plan on May 2024 that will...
GLS
Singapore’s private property market continued to slow down one year after the adjustments to Additional Buyer’s Stamp Duty (ABSD) rates were introduced in April 2023.Furthermore, buyers have turned cautious and have pushed back their homebuying plans amid strong headwinds from slower economic growth. This has been further compounded by higher-for-longer interest rates and the higher cost of replacement...
OverviewOn 25th June 2024, the Urban Redevelopment Authority (URA) announced a list of ten sites on the Confirmed List for their Government Land Sales (GLS) program. These will comprise nine residential sites, inclusive of an executive condominium (EC) plot, and a residential and commercial plot.This is part of an active effort by the government to stabilise property prices and manage long-term housing...
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...