With Vers, it’s time to get real with lease decay and the asset value of HDB flats
Under Vers, flat owners in selected precincts that are aged about 70 and older will vote if they want their homes to be acquired by the Government for redevelopment, before their leases run out.
Sora expected to remain low, but analysts say further decline limited
The impact of impending US rate cuts is also unclear, given that Singdollar rates seem to have decoupled from US dollar rates for a large part of this year,
Singapore million-dollar flat sales hit record in Q2, market data shows
A record 415 apartments were sold at prices above S$1 million in the second quarter, a 75.8 per cent increase compared with the same period in 2024, after 348 sales in the first quarter.
ST Explains: What is Vers and which HDB estates could it be rolled out in?
Vers, which has yet to be rolled out, will allow owners of flats aged 70 years and older to vote on whether the Government should buy back their homes before their leases run out.
Property stamp duty takings up 9.5% at S$6.4 billion in FY2024 after two years of declines
The FY2024 total, based on revised unaudited estimates from the Accountant-General’s Department, is 12 per cent higher than an earlier projection of S$5.7 billion for the period April 2024 to March 2025.
Property ‘decoupling’ illegal if done solely to avoid taxes: High Court
For instance, if the 1 per cent owner gave up the share but had an arrangement to still co-own the same property, the individual would be deemed to have evaded tax by wrongful declaration of ownership interests.
HDB resale price growth moderates in Q2, more flats sold
This marked the third consecutive quarter of a moderation in price growth, and is the lowest quarter-on-quarter growth since the second quarter of 2020,
HDB to launch more than 10,000 new flats in July exercise
In July, HDB will launch about 5,500 BTO flats in Bukit Merah, Bukit Panjang, Clementi, Sembawang, Tampines, Toa Payoh, and Woodlands. Also, HDB will conduct a concurrent SBF exercise offering over 4,600 flats.
New Family Care Scheme (Proximity) Better Supports Parents and Children to Live Closer Together
From the July 2025 sales exercises, married and single children will enjoy priority access when they apply for a new flat to live with or near their parents, under the new Family Care Scheme,
Singapore one of the few major cities in Asia-Pacific region to offer attainable homes: Report
The price-to-income ratio of Housing Board flats in 2024 was 4.3, down from 4.7 in 2023. In 2022, the price-to-income ratio of HDB flats was 3.7.
1 in 4 appeals to waive HDB wait-out period for private home owners approved since Sept 2022
From the time the rule was introduced on Sept 30, 2022, until March 31, 2025, HDB received and processed about 5,500 appeals for a waiver.
Government raises seller stamp duties on residential properties to curb rise in ‘flipping’
Duty raised to 16% for holding of 1 year or less, and drops by 4 percentage points for each additional year; SSD duration extends to 4 years