Latest News for: Singapore land sales

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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: 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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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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Roxy-Pacific to buy Guillemard residential site for $93 million

Straits Times 19 Nov 2020
SINGAPORE (THE BUSINESS ... He believes that over the next few quarters, more developers will enter the market to replenish their residential land banks, given the healthy take-up of recent project sales since the easing of movement restrictions in Singapore and other parts of Asia.
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