Monthly Archives: August 2013

Transport corridors, lifting of height limits after airbase moves

New transport corridors and the relaxing of height restrictions for at least six housing estates in the north-east and east are in store after the air force moves out of Paya Lebar, the Ministry of National Development (MND) said yesterday.

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Good times over for luxury home market

Property investor Sameer Aswani was buying and selling high- end homes about as fast as he could transact a few years ago, but that gravy train has well and truly hit the skids. A $5.5 million, 1,636 sq ft unit

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Prospects for airbase land excite developers

Property players are already excited at the prospect of redeveloping a vast area in the nation’s heart – even though it will happen only after 2030. Consultants and developers have been quick to size up the options for making use

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EC market heats up under new loan rules

Buyers flocked to the latest two executive condominiums (ECs) to hit the market after new mortgage lending rules introduced in June dampened buying interest in private properties. Analysts attributed the demand to the way Housing Board rules are structured that

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Avant at Aljunied condo up for sale

The Avant at Aljunied condominium has been put up for sale – less than a year after its completion. The standalone eight-storey building is on a 99-year lease and has 50 flats, all rented to a single, unnamed tenant. It

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New housing grant ‘should come with income cap’

Prime Minister Lee Hsien Loong had announced a new grant of up to $20,000 for buyers of three- and four-room flats. Previously, this Special Central Provident Fund (CPF) Housing Grant was only for low- income buyers of small flats. Observers

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Allgreen to start River Valley condo sales

Robert Kuok’s Allgreen Properties is releasing its RV Residences, a 999-year leasehold project on River Valley Road (in front of Valley Park) this week. After early-bird discounts, the average price is expected to be just a shade below $2,000 per

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Housing grants a move in the right direction

While consultants concur that the grants outlined at Sunday’s National Day Rally are a move in the right direction to promote home ownership, they vary in their assessment of the potential impact on the wider market. Amid other policy announcements

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BTO flat grant extensions targeted at lower to middle-income families

To enable homeowners to pay off their flats in 25 years instead of 30, the government will be extending a variety of grants to lower and middle-income households. Specifically, the Special CPF Housing Grant (SHG) for lower and lower-middle-income first-timers

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Flight plan to free up 800 ha of land

An 800 ha (8 sq km) area larger than Bishan or Ang Mo Kio will be freed up for new homes, offices, factories and parks once Paya Lebar Air Base relocates to a Changi site. This will not just provide

Posted in Property News