In the latest Budget announcement, Finance Minister Lawrence Wong revealed that annual value (AV) bands for owner-occupied residential property tax rates will undergo revision starting January 2025. The adjustment aims to provide homeowners with the prospect of either maintaining or reducing their property tax bills, assuming no alteration in their properties’ AVs and before any applicable […]
According to a recent study of 27 countries on opportunities for families to relocate and enhance their earnings, Singapore has secured the third position globally. The study, conducted by citizenship advisory firm Henley & Partners, crowned Switzerland as the best country for building multi-generational wealth, offering unparalleled opportunities for families seeking higher earnings and promising […]
Singapore’s land sales have surged to an extraordinary six-year high, totaling S$8.15 billion in the fiscal year ending March 31, 2024. This remarkable achievement surpasses the previous record of S$8.4 billion set in FY2017, showcasing a significant uptick in government revenue from state land sales (GLS). The contrast between FY2023 and the preceding fiscal years […]
The Singapore Department of Statistics (SingStat) has released data revealing that the median income from work for households in Singapore exceeded $10,000 for the second consecutive year in 2023. The figure, which applies to resident employed households, saw a 7.6% increase from the previous year, reaching $10,869. The data sheds light on the economic well-being […]
The Housing Development Board (HDB) has revealed ambitious plans for an integrated development adjacent to Kembangan MRT station, encompassing approximately 340 Build-To-Order (BTO) units and a five-story building featuring a new community club, supermarket, retail shops, outpatient healthcare facility, and more. The development aims to enhance community facilities, add retail options, and create a vibrant […]
In the initial private home launches of the year, Hillhaven in District 23 and The Arcady at Boon Keng in District 12 reported modest sales over the weekend. Despite a slow start, industry analysts consider the sales figures encouraging. Far East Organization, in collaboration with Sekisui House, sold 33% of their Phase 1 launch, comprising […]
City Developments Ltd (CDL) and Far East Organization have initiated the year’s series of new housing launches with the introduction of Lumina Grand executive condominium (EC) and Hillhaven condo projects. Lumina Grand EC by CDL: Hillhaven Condo by Far East Organization and Sekisui House: These launches mark the beginning of an anticipated year in which […]
Private home prices in Singapore continued to show a moderation in growth, increasing by 6.7% in 2023, compared to a growth rate of 8.6% in 2022. The property market experienced a slowdown in transaction volumes, with the number of units sold in 2023 decreasing by approximately 15% from the previous year. Despite the moderation, suburban […]
Amid a slowdown in overall demand for new private homes in Singapore in 2023, sales in the prime district have remained robust. Factors contributing to this trend include a lack of new launches in the prime district, narrowing price gaps compared to other regions, and the appeal of prime district properties for high-net-worth individuals. Key […]
Condominium resale prices in Singapore extended their upward trajectory for the fourth consecutive month in November, although resale volumes remained subdued. According to flash data from SRX and 99.co, overall resale prices increased by 0.4% from the previous month and were 7.4% higher year-on-year. Resale volumes, however, were modest, with 848 units changing hands in […]
