Rising Development Charges Cooling En Bloc Fever

SINGAPORE — The rash of successful en bloc sales has pushed up development charge rates, which have become a key factor for developers to consider when deciding what to buy.

Source: https://www.channelnewsasia.com/news/videos/rising-development-charges-cooling-en-bloc-fever-10252320

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URA proposes 90-day rental cap, 80% consent rule for Airbnb-type accommodation

SINGAPORE: Private apartment and condominium owners who want to rent out their homes for short-term accommodation will be able to do so for 90 days a year provided they fulfil several requirements, including obtaining 80 per cent consent from owners within a development and registering their guests’ details.

These are some of the suggestions the Urban Redevelopment Authority (URA) proposed on Monday (Apr 16) in a regulatory framework for using private homes as short-term accommodation (STA).

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Hongbaos and taxes: 8 things you need to know about Budget 2018

SINGAPORE: Finance Minister Heng Swee Keat ended his 2018 Budget speech on a “prosperous” note with the handing out of a one-off SG Bonus to Singaporeans, but he also warned of coming tax hikes that are needed to finance the country’s greater spending in the next decade.

How will Singaporeans and Singapore businesses be affected by the measures Mr Heng announced on Monday (Feb 19)?

Here is Channel NewsAsia’s quick guide to the major Budget announcements:

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GIC steps up investment in real estate

Singapore — The Singapore sovereign wealth fund is expected to invest more in real estate going forward as the returns are higher than other fixed income assets such as government bonds, experts say.

Source: channelnewsasia.com

 

 

More than 4,300 new flats launched in first HDB sales exercise of 2018

SINGAPORE: A total of 4,381 new flats were launched for sale in the Housing and Development Board’s (HDB) first sales exercise for the year.

The flats include 3,664 Build-to-Order (BTO) units and another 717 units under the Re-offer of Balance Flats exercise, HDB said in a press release on Tuesday (Feb 6).

The BTO flats will be spread across two projects in Choa Chu Kang and Woodlands, and another three projects in Geylang and Tampines.

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