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MAS Annual Report 2019/2020

The property market has remained stable, thanks in part to the macroprudential measures in place and new temporary relief measures in response to COVID-19. The property cooling measures — progressively implemented over the last 10 years — have helped to temper price increases and bring prices more in line with underlying economic fundamentals. The stabilization […]

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Govt cuts private housing supply from confirmed land sale sites due to Covid-19 fallout

The supply of private residential housing from confirmed sites under the government land sales (GLS) programme for the second half of 2020 has been reduced to take into account the fallout from the global Covid-19 situation, the Ministry of National Development (MND) announced on Wednesday morning (June 24). The private home supply of 1,370 units […]

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Construction workers to be tested regularly when projects gradually resume after circuit breaker

Contractors will be responsible for the costs incurred from carrying out these new measures, said National Development Minster Lawrence Wong at a press conference. He acknowledged that this will lead to higher construction costs that will inevitably be passed on to the consumer. “All of us have to be prepared to pay this higher cost, […]

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Temporary Relief Measures for Property Sector due to Coronavirus Disease 2019 (COVID-19) Pandemic

The Government announced today temporary relief measures for property developers and individuals affected by disruptions to construction timelines and sales of housing units resulting from the COVID-19 pandemic, and in particular the implementation of the circuit breaker from 7 April to 1 June 2020. The temporary relief measures, to be implemented with immediate effect, are: […]

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Government keeps steady supply of private housing for first half of 2020 land sales programme

The Government has kept largely unchanged the amount of private residential housing under the government land sales (GLS) programme for the first half of 2020. The new supply consists of 3 confirmed list sites and 8 reserve list sites that can yield about 6,490 private homes, 114,000 sq m gross floor area (GFA) of commercial […]

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Should new policies be introduced to curb the ‘lottery effect’ of Greater Southern Waterfront flats?

Prime Minister Lee Hsien Loong announced in his National Day Rally speech plans to build 9,000 public and private homes on the site of Keppel Club as part of the mega waterfront development. Stretching 30km along the southern coastline, the GSW is set to become part of the central business district (CBD), featuring commercial, residential […]

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Government reduces supply of land for private housing as demand continues to slow

The Government has decided to reduce the supply of private residential units for the second half of 2019, as demand continues to fall, the Ministry of National Development (MND) announced on Thursday (Jun 6). 13 land sites, comprising 5 confirmed sites and 8 reserved sites, were released for sale on Thursday under the Government Land […]

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New rules on buying properties using CPF, HDB housing loans

New rules on buying homes using CPF or HDB housing loans will be introduced. The changes, which apply to the purchase of HDB flats, private properties and executive condominiums, take effect on Friday (May 10). Under the current rules, the amount of CPF allowed to be used is dependent on the remaining lease of the […]

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Lower private housing supply for first-half 2019

SINGAPORE – The Government has decided to moderate the total supply of private residential units for the first-half 2019 Government Land Sales (GLS) programme, citing the significant growth in pipeline supply while demand has started to moderate following the introduction of the July property cooling measures. The Ministry of National Development (MND) said on Thursday […]

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Short remaining leases properties

The government encourages Singaporeans residing in properties with short remaining leases to plan ahead and look for alternative housing early. Measures are taken by the government to ensure that the neighbourhood of private housing estates will not be disproportionately populated by foreign workers or short-term rentals. Private homeowners are allowed to rent out their properties […]

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Development charge rates increased for three groups in real estate market

MND said on Tuesday (Feb 28) DC rates for 3 use groups – commercial, non-landed residential and hotel or hospital – have gone up, while DC rates for industry use have decreased. The development charges will remain unchanged for landed residential, place of worship or civic and community institution and other use groups. 28th Feb […]

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Govt won’t ease supply of private housing

The Ministry of National Development (MND) said it does not plan to slow down or halt the supply of private housing via the Government Land Sales (GLS) programme. Because demand for private housing remains robust, while current inventory for unsold units is at a historical low. 7th Feb 2017 Read Full Article at http://www.propertyguru.com.sg/property-management-news/2017/2/145941/govt-wont-ease-supply-of-private-housing

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Integrated development next to Buangkok MRT station

November 8, 2016 The government plans to transform the open field next to the Buangkok MRT station into an integrated development. the MND said a residential property will be integrated with a bus interchange and the MRT station Read Full Article at http://www.propertyguru.com.sg/property-management-news/2016/11/140136/plan-to-build-integrated-development-next-to-buang

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Revision of development charges rates

The Ministry of National Development has revised the development charge (DC) rates for the period from 1 September 2013 to 28 February 2014. The DC rates for Group B1 {Residential (landed)} have increased by an average of 7%, with increases ranging from 5% to 13% in 76 sectors and no change in DC rates for […]

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Additional Property Measures

Additional Measures to Ensure a Stable and Sustainable Property Market Measures Applicable to all Residential Property The following measures will take effect on 12 January 2013: a)      Additional Buyer’s Stamp Duty (ABSD) rates will be: Raised between five and seven percentage points across the board. Imposed on Permanent Residents (PRs) purchasing their first […]

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