April 2022

The hype behind Greater Southern Waterfront

On April 12, the Urban Redevelopment Authority (URA) announced its housing development in Greater Southern Waterfront. When completed, the existing 48-hectare land of the Keppel Club will have a total of 9,000 residential units, including 6,000 public housing flats and 3,000 private residential units. Property consultants know better than HDB and URA? Real estate stakeholders... [read more]

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Olive Road GCB sold at record S$50.2m to Wee Thiam Siew’s grandson

The grandson of property tycoon and hotelier Wee Thiam Siew has bought a GCB at Olive Road for S$50.2 million earlier in April. This transaction broke the record for the Olive Road GCB area previously set by the S$36 million (S$1,537 psf for the 23,424 sq ft site) purchase by Secretlab CEO Ian Ang last...

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School campuses in Balestier and Queenstown to be redeveloped into residential housing: Will they become PLH sites?

Three sites in Balestier and Queenstown are scheduled for redevelopment into residential housing developments under the Urban Redevelopment Authority’s (URA) 2019 Master Plan.  Prime Location Public Housing (PLH) sites: What are they? Before we look at the Balestier and Queenstown sites, let’s do a quick run-through of the PLH model.  HDB flats are public housing for Singaporeans. Flats built...

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1,600 new BTO flats coming to Farrer Park to be integrated with sports facilities

A 10-hectare (100,000 sqm) plot in Farrer Park has been marked as the site for around 1,600 new HDB flats.  The Urban Redevelopment Agency (URA), Housing & Development Board (HDB) and Sport Singapore (SportSG) said in a joint press statement on 25 April that they will work together to redevelop the area to integrate sports and recreational...

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Property virtual viewings can be time-saving, but physical viewings are still here to stay

Over the last two years, the pandemic has changed the way we do things. While the Safe Management Measures (SMM) can feel restrictive initially, it has driven us to adapt to the situation we have on hand and got us to embrace digital solutions more. For the property sector, this includes changing how we do...

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