If all Government Land Sale (GLS) sites have a 99-year leasehold (99-LH) tenure, then why are there 999-year leasehold (999-LH) or freehold developments? Freehold land parcels were last sold prior to the introduction of GLS Programme in 1967, mostly taking place before Singapore’s independence.In land-scarce Singapore, selling residential land on a 99-year lease allows the government flexibility to...
#Private Properties
During his first National Day Rally this year, Prime Minister Lawrence Wong cast a spotlight on housing options with improved infrastructure for Singaporean seniors, highlighting that “there are seniors who prefer not to move” who desire to “age in place, where they currently live”. However, some seniors may not be able to preserve their current living arrangements – primarily those who live in...
For almost anyone doing it for the first time, buying a home in Singapore can be a confusing process. Throw in a bunch of acronyms, like ABSD (Additional Buyer’s Stamp Duty) and MOP (Minimum Occupation Period), and things can get baffling real quick.However, if you’re intending to take out a loan on a new home purchase, two terms that you’ll absolutely need to know are TDSR and MSR.In their full...
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...
Singapore’s Master Plan is widely known for guiding the development of every plot of land in the country, ensuring that our urban growth takes place in a systematic and progressive manner. But more than that, the many changes outlined in the Master Plan could mean good news for local homeowners, both current and aspiring. By optimising Singapore’s limited space, the Master Plan aims to tackle...
The 16,379 sq ft site currently houses a single-storey bungalow with several outhouses (Picture: Knight Frank) SINGAPORE (EDGEPROP) - A freehold residential site on Pasir Panjang Road is up for sale by tender with an indicative price “in excess of $18 million”, says marketing agent Knight Frank Singapore. Read also: Telok Kurau land parcel on the market for $30 mil Chia...