April 27, 2022

What is the Land Acquisition Act, and can it be enforced on properties like Kampong Lorong Buangkok?

These days, more than three-quarters of the land in Singapore belongs to the government. However, this was only possible due to the Land Acquisition Act, which allows the government to acquire private land for public purposes. This includes freehold land, which, unlike leasehold land plots, technically belongs to the owner indefinitely. The most recent case...

The post What is the Land Acquisition Act, and can it be enforced on properties like Kampong Lorong Buangkok? appeared first on 99.co.

The hype behind Greater Southern Waterfront

On April 12, the Urban Redevelopment Authority (URA) announced its housing development in Greater Southern Waterfront. When completed, the existing 48-hectare land of the Keppel Club will have a total of 9,000 residential units, including 6,000 public housing flats and 3,000 private residential units. Property consultants know better than HDB and URA? Real estate stakeholders... [read more]

The post The hype behind Greater Southern Waterfront appeared first on Property Soul.

Olive Road GCB sold at record S$50.2m to Wee Thiam Siew’s grandson

The grandson of property tycoon and hotelier Wee Thiam Siew has bought a GCB at Olive Road for S$50.2 million earlier in April. This transaction broke the record for the Olive Road GCB area previously set by the S$36 million (S$1,537 psf for the 23,424 sq ft site) purchase by Secretlab CEO Ian Ang last...

The post Olive Road GCB sold at record S$50.2m to Wee Thiam Siew’s grandson appeared first on 99.co.

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