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).
SINGAPORE: Continuing an upward trend in the property market, private home prices in Singapore rose 3.1 per cent in the first quarter of 2018, according to flash estimates released on Monday (Apr 2) by the Urban Redevelopment Authority (URA).
Singapore — Have you wondered how the government knows what land to use, and when? And even further back, how did Singapore’s dense and diverse landscape come into being?
SINGAPORE: Private home prices in Singapore fell for the 15th straight quarter in the April to June period, although the pace of decline eased, according to data released by the Urban Redevelopment Authority (URA) on Friday (Jul 28).
Prices fell by 0.1 per cent quarter-on-quarter, compared with the 0.4 per cent decline in the first quarter and the 0.5 per cent decline in the last quarter of 2016.
SINGAPORE: The Government will pilot a new Enterprise District concept in Punggol as part of its push to create new growth centres all over the island.
National Development Minister Lawrence Wong made the announcement in Parliament on Tuesday (Mar 7).
TODAY reports: Property cooling measures and loan curbs have made private homes more affordable.
SINGAPORE: After waiting more than one year for an opportune time to purchase a condominium to house his family of three, Mr Amrit took the plunge in early 2015 after coming across a resale unit in his choice location with a “reasonable” price tag.
He had always intended to upgrade to a private home, and when prices for Housing and Development Board (HDB) flats started falling in 2013, he decided to cash out before the value of their four-room flat dipped further.
But instead of immediately upgrading to a private property, Mr Amrit, who is in his 40s, decided to bide his time and rent a place with his wife and teenage daughter while they went about hunting for the ideal home. This came about one year later, in the form of a two-bedroom resale condominium in the Western part of Singapore.
“We heard that prices would fall even more, so we thought we should take our time to look around,” said Mr Amrit, who works in the media industry.
Developers sold 759 units last month, up from 423 units in November 2014, according to data released by the Urban Redevelopment Authority.
SINGAPORE: Sales of private homes by developers in Singapore rose 79 per cent in November compared with a year earlier, Government data showed on Tuesday (Dec 15).
The Urban Redevelopment Authority said developers sold 759 units last month, up from 423 units in November 2014. Sales rose 38.5 per cent from the 548 units sold in October 2015.