Latest News for: Singapore land sales

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Stamford Land to divest six hotels in Australia and NZ

Straits Times 14 Jun 2021
SINGAPORE - Mainboard-listed Stamford Land has put up for sale six of its hotels in Australia and New Zealand, less than three months after announcing its intention to divest ...
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Private housing supply from confirmed sale sites up 25% for second half of 2021

Straits Times 10 Jun 2021
SINGAPORE - The supply of private homes from confirmed sites under the government land sales (GLS) programme for the second half of this year has been raised by nearly 25 per cent to 2,000 units, after seeing a modest increase in the first half of this year due to the impact of the Covid-19 pandemic.
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Record $400m for first EC site in Tengah 'forest town'

Straits Times 03 Jun 2021
This translates to $603 per sq ft per plot ratio (psf ppr) for the 99-year leasehold site in western Singapore - a record land rate for an EC site under the Government Land Sales programme ... The tender, which was launched for sale last November, drew seven bids, including offers ...
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AMK housing site draws 15 bids; Tengah EC plot attracts 7 bids

Straits Times 25 May 2021
The highest bid of $381.38 million, or nearly $1,118 per square foot per plot ratio (psf ppr), came from a 60.20.20 joint venture between UOL Group, Singapore Land Group and Kheng Leong Company ... It was a tad higher than the nearly $400.2 million, or $602.99 psf ppr, from the second-highest bid, from CSC Land Group (Singapore).
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CDL-MCL Land make top bid of $445.9m for residential GLS site in Farrer Park area

Straits Times 27 Apr 2021
SINGAPORE - The first residential government land sales (GLS) tender for 2021 - a plum site in the Farrer Park area - closed on Tuesday (April 27) evening after attracting 10 bids and a robust bid price that showed developers' hunger for land. The 99-year leasehold land parcel at ...
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Developers expected to vie keenly for Lentor, Tampines housing sites launched for sale

Straits Times 15 Apr 2021
SINGAPORE - Market experts are expecting keen�competition for two government land sale (GLS)�sites for private housing launched on Thursday (April 15), given their location, the strong state of the housing market and developers' need to build up their land banks ... their land banks.
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Douglas Elliman Development Marketing Named Exclusive Marketing and Sales Brokerage for 53 West 53 by ...

Daily Freeman 08 Apr 2021
NEW YORK, April 8, 2021 /PRNewswire/ -- announced today that the firm has been appointed as the exclusive marketing and sales agent for developed by Singapore-based luxury developer Pontiac Land Group and international real estate firm Hines ... new phase of marketing and sales.".
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What else may be in store after petrol duty and GST hikes?

Straits Times 09 Mar 2021
But KPMG Singapore partner and head of tax Ajay Kumar Sanganeria cautions that the highest income tax bracket is already five percentage points above the corporate rate of 17 per cent ... Mr Chua explained that Hong Kong has more limited fiscal options than Singapore, as it does not impose any GST and relies heavily on cyclical land sales.
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Budget debate: Public transport has to be subsidised, but costs cannot keep ballooning, says Ong ...

Straits Times 05 Mar 2021
SINGAPORE - Taxpayers will continue to subsidise the operation of trains and buses, but measures have to be in place to prevent a cost spiral ... "In Singapore's case, are we at risk of skewing towards the American trajectory?" he asked ... But in Singapore, land sales proceeds around MRT stations are channelled into the Government's reserve.
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Transport subsidies to continue, but there's need to watch costs

Straits Times 05 Mar 2021
"And this will not change." ... "In Singapore's case, are we at risk of skewing towards the American trajectory?" he asked ... MTR was "the most profitable train operator in the world" because it has land development rights along rail lines, he said. But in Singapore, proceeds from land sales around MRT stations are channelled into the Government's reserve.
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Budget debate: Scope to further review Singapore's wealth taxes, says DPM Heng

Straits Times 26 Feb 2021
Addressing WP MP Louis Chua's (Sengkang GRC) suggestions on spending land sales proceeds in the Budget, Mr Heng said that selling Singapore's land does not make the Government wealthier and should not directly support its expenditure ... He also added that relying on land sales for ...
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Wealth taxes can't replace raising of GST: DPM

Straits Times 26 Feb 2021
Addressing the suggestion by Workers' Party MP Louis Chua (Sengkang GRC) to include spending land sales proceeds in the Budget, Mr Heng said that selling Singapore's land does not make the Government wealthier and should not directly support its expenditure.
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Singapore's industrial land supply smaller for first half of 2021

Straits Times 22 Dec 2020
SINGAPORE - There will be 3.86ha of industrial land in total for sale for the first half of 2021, a drop from the 4.4ha in the preceding six months ... "The Government will continue to release sufficient land through the IGLS programme to ensure an adequate supply of industrial space in Singapore."
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Lab-grown meat to make historic debut in Singapore

China Daily 19 Dec 2020
Singapore's decision to allow the production and sale of laboratory-grown meat will prove a milestone in helping both the land-scarce country and others to sustain food security and help counter climate change, analysts said ... With a land area that only spans over 700 square ...
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Government raises modestly private housing supply from confirmed list of land sites

Straits Times 03 Dec 2020
SINGAPORE - The supply of private residential housing from confirmed sites under the government land sales (GLS) programme for the first half of next year has been modestly increased after being sharply reduced in the second half of this year due to the impact of the Covid-19 pandemic.
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