Moving Out, But Not Away

It is common in Singapore for children to live with their parents until they are married, and some prefer to live nearby even after they have married and moved out. Here’s what you should know if you intend to do the same. Assistance granted The HDB has a Proximity Housing Grant (PHG) for different groups … Read more

Developers To Get Incentives To Provide Cycling Facilities

Gross floor area exemptions may be given for facilities like parking, showers and lockers Developers will be given incentives to provide facilities such as bicycle parking, showers and locker rooms in their new buildings, as part of a new government plan to encourage people to cycle. They may not have to pay for the floor … Read more

Singapore Second Biggest Investor In Vietnam

Singapore has emerged as the second biggest foreign investor in Vietnam after pumping in US$730 million worth of investments during the first four months of 2016, according to government statistics, reportedVietNamNet. Between January and March this year, the city-state invested in 50 new projects and poured more capital into 23 existing projects in the country, … Read more

New Rules For Transfer Of Flat Ownership

owners who want to relinquish their ownership in favour of another family member are no longer permitted to do so, except on certain grounds, reported The Straits Times. Under the new rules which came into force last month, transfer of ownership is only allowed for divorce, marriage, medical reasons, death of an owner, financial hardship … Read more

North-South Corridor To Be Ready In 2026

The Land Transport Authority (LTA) will be calling several tenders for the construction of the 21.5km North-South Corridor (NSC) in the coming months. With the aim of connecting towns in the northern region to the city centre, the NSC is touted as Singapore’s first integrated transport corridor, featuring continuous bus lanes and cycling trunk routes, … Read more

URA, CEA Look Into Possible Rental Violations

The Urban Redevelopment Authority (URA) and the Council for Estate Agencies (CEA) are currently investigating possible violations of the minimum rental period for private residential properties, reported The Business Times (BT). “CEA and URA have been investigating the cases cited by The Business Times,” Chua Geck Siang, CEA’s Acting Deputy Director (Licensing), told the newspaper. … Read more

Forest-Themed Condo Fully Sold

Jewellery and property group Aspial Corporation has secured $275 million in revenue after selling all the units at Waterfront @ Faber, which comprises 199 apartments and 11 strata-landed homes. The group expects to receive a substantial payout once the residential project receives its TOP in the first half of 2017. “Despite the challenging operating environment, … Read more