How Does the 1H13 GLS Programme Impact Property Supply?

By Mr. Propwise On 14 December 2012 the Ministry of National Development (MND) announced the Government Land Sales (GLS) Programme for the first half of 2013. A total of 23 residential, two commercial, four hotel, and three mixed-use sites were announced. These sites could potentially yield a total of about 14,000 private residential units (6,900…

5 Most Expensive Landed Properties of the Month

Want to know where the rich are buying? In this article, based on analysis done at PropertyMarketInsights.com, we share with you the five most expensive landed residential transactions ranked by total cost in the month of October 2012, based on the URA data of caveats lodged. While most of us are probably not in the…

Sayonara Shoeboxes?

By Mr. Propwise On September 4th, 2012 the URA announced new guidelines that will effectively curb the future development of shoebox units, typically units smaller than 500 square feet, in suburban areas. Effective November 4th, 2012, the total number of homes that can be built for non-landed private residential developments outside the Central Area will…

Are Shoebox Residential Units Profitable Investments?

By Mr. Propwise Shoebox apartments (aka “mickey mouse” apartments) have become increasingly popular in recent years, with caveats lodged rising from fewer than 30 in 2004 to more than 1,900 units in 2010. They are becoming a more prominent feature in our private housing landscape – they made up just 6% of new private home…