The Federal Reserve has indicated that they are planning just one interest-rate cut this year, with more cuts expected in 2025. This decision highlights their strategy to keep borrowing costs high for longer to control inflation. In their latest meeting, Fed officials unanimously decided to maintain the federal funds rate between 5.25% and 5.5%, a […]
The Urban Redevelopment Authority (URA) is preparing a plot of land, once part of the Tang Dynasty City theme park, for new residential developments in the Jurong Lake District. This district is set to become Singapore’s largest business hub outside the city center. Key Details Location: Near Yuan Ching Road, next to St. Andrew’s Nursing […]
The Urban Redevelopment Authority (URA) has launched three residential sites for tender, aiming to add close to 2,000 new homes. These sites, located at Dairy Farm Walk, Tengah Garden Avenue, and Bayshore Road, are part of the first half of the 2024 government land sales (GLS) programme. Site Details and Potential Dairy Farm Walk: Size: […]
Imagine turning an old airport into a bustling hub of lifestyle and recreational activities. That’s exactly what the Urban Redevelopment Authority (URA) is planning for the old Kallang Airport, and they want your input. At a current exhibition held at Kallang Wave Mall, the URA showcases examples of how old buildings can be repurposed, like the […]
In May, the Housing and Development Board (HDB) resale market sustained its growth in both prices and volumes, continuing its rebound from the previous month’s recovery after two months of decline. According to flash estimates from SRX and 99.co released on Wednesday (June 5), resale prices increased by 0.3 percent month-on-month. This growth was driven […]
The Urban Redevelopment Authority (URA) has announced the release of two residential sites for sale on May 30 as part of the first half of the 2024 government land sales (GLS) program. These sites are located at Margaret Drive and Media Circle. Analysts predict that developers will continue to exercise caution in bidding for these […]
A penthouse at the ultra-luxury Skywaters Residences has been sold, as recorded in a caveat lodged with URA Realis on May 20. The 7,761 sq ft, 99-year leasehold unit on the 57th floor fetched $47.34 million, or $6,100 per square foot (psf). The buyer, according to the caveat, is a foreigner, though the nationality isn’t […]
City Developments Ltd (CDL) has completed the acquisition of Delfi Orchard, a 40-year-old strata-titled building, for S$439 million. This price is marginally above the guide price of S$438 million set during its mid-April collective sale launch. The purchase price translates to a land rate of S$3,346 per square foot per plot ratio (psf ppr), according […]
Two prominent buildings at the former Bukit Timah Turf City stand as important historical markers. The South Grandstand, built in 1933, endured World War II and hosted Queen Elizabeth II in 1972. The North Grandstand, constructed in 1981, is notable for its large cantilevered roof, a symbol of post-independence architecture in Singapore. These grandstands, which […]
A prime 99-year leasehold private housing site near Singapore’s Holland Village MRT station attracted three bids at a state tender on Tuesday (May 14). Despite its desirable location, the bids were below market expectations, reflecting developers’ cautious approach towards large, premium sites. The highest bid came from a consortium led by UOL Group and CapitaLand […]
