October 12, 2022

Car-lite areas: What do they mean for Singapore?

In the latest push to campaign Singapore’s efforts towards cultivating a car-lite society, the Land Transport Authority (LTA) has gazetted six more areas as car-lite with effect from 31 October 2022.  This includes the four public housing estates of Ulu Pandan, Mount Pleasant, Tengah and Keppel Club, on top of the existing ten car-lite areas.…

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Nearly all ECs resold in the past 15 years made a profit averaging S$300k

4,263 or 99.9% of the Executive Condominium (EC) units sold in the resale market between 2007 and end-August 2022 yielded an average gross profit of S$295,904 each. Most of these units were sold less than 10 years after they were first bought. The findings were shared by OrangeTee & Tie in its latest Market Watcher…

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Mukesh Ambani, who owns the world’s most expensive private house, sets up family office in Singapore

Last week, news emerged that Asia’s second-wealthiest man and chairman of Mumbai-based Reliance Industries, Mukesh Ambani, will set up a family office in Singapore and has already chosen real estate here. Like Google co-founder Sergey Brin, hedge fund billionaire Ray Dalio, Hong Kong’s Li Ka-Shing and former De Beers chairman Nicky Oppenheimer, Ambani will be…

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