March 2024

Government support for young couples: S$300 rental vouchers, reduced downpayment, & more

Yesterday, the Ministry of National Development (MND) provided additional insights into the announcements made during the Singapore Budget 2024 speech in February.  Among these initiatives are S$300 rental vouchers under the Parenthood Provisional Housing Scheme (PPHS) and reduced down payments to aid young couples in their home-buying journey.  Here are more details on these plans…

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Yishun to get 10k homes; Gillman Barracks to be a residential area

In a significant announcement that underscores Singapore’s ongoing commitment to meet the rising demand for residential spaces, National Development Minister Desmond Lee has unveiled plans to introduce 10,000 new homes in Yishun, alongside exploring the potential for residential development at the historic Gillman Barracks. This initiative is part of the government’s broader strategy to enhance…

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8 affordable freehold condos in Singapore (under S$1 million)

Singapore is a bustling city-state with a diverse real estate market that caters to the needs of its population. Among the various housing options, condominiums are popular because of their luxurious amenities, community living and security services. There are two types of condominiums available in Singapore; leasehold, which typically has 99-year leases and freehold, which…

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URA plot ratio, What is URA plot ratio & how to read it? (Guide for homeowners, landlords, and investors)

Image credit: URA Have you ever wondered how industry experts predict the type of property a new plot of land could hold and how many units it might accommodate?  One of the key factors they consider is the plot ratio of the land and neighbouring areas. But how can you, as a homeowner, landlord, or…

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