Rental prices have been on an uptrend, swelling to a seven-year high based on Q4 2021 results. While the short-term impact is due to a lack of housing options for permanent residents and foreigners, who form a majority of tenants, there’re also Singaporeans impacted by BTO construction delays or singles wanting a place of their...
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Following Chuan Park’s footsteps, freehold residential condo High Point is back on the market for collective sale again, with Savills as the sole marketing agent. This new sale comes just three months after Shun Tak Holdings pulled out of the S$556.7 million purchase on 9 December. By doing so, they forfeited their S$1 million tender...
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Singapore has one of the highest homeownership rates in the world — 87.9% as of 2020 — remarkable in a city-state not known for cheap housing. Or cheap anything, really. We largely have the HDB to thank for this impressive statistic. The housing board’s heavily-subsidised BTO (Built-to-Order) flats put homes within reach of lower- to...
The post Should we raise the BTO income ceiling again? 4 reasons not to. appeared first on 99.co.
For 30-year-old recently married couple, Clara and Elvin, finding a home isn’t necessarily all about whether they can eventually sell it for a profit or if it comes with full facilities like a lift. Having worked in the technology sector for 5-7 years, they’ve learned that finding a perfect home requires hard work, research and...
The post Thirty-year-old couple forgoes BTO/SBF queues for Tiong Bahru walk-up with 51 years lease remaining appeared first on 99.co.
In a land-scarce country like Singapore, Good Class Bungalows (GCB) are highly respected as a legendary symbol of wealth and power – and with good reason. First introduced into Singapore and Malaya in the 1830s by the British, these majestic houses are commonly nestled in a vast swathe of land and surrounded by lush expanses...
The post What’s with all the hype around Singapore’s GCBs? appeared first on 99.co.
The Urban Redevelopment Authority (URA) published February’s data on “private residential units sold by developers” or new home sales on Tuesday (March 15). For last month, developers only managed to sell 527 units. The sales volume is the lowest in 21 months, with 21.9 percent drop from 673 units in January. It is also a... [read more]
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