Daily Singapore News

The Urban Redevelopment Authority (URA) opened the industrial site at Kaki Bukit Road 2 for sale by public tender on 14 July 2009. The land area is about 1.07 hectare and has a highest gross plot ratio of 1.0 with a lease duration of 30 years. It is zoned for a Business 2 development

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The Singapore Ministry of Finance (MOF) clarifies that the proposed amendment in the Income Tax public consultation document does not involve tightening of the existing income tax policy for individuals who sell their properties.

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The Urban Redevelopment Authority (URA) opened the hotel site at New Bridge Road for sale by public tender on 9 July 2009. The land area is about 0.45 hectare. It can accommodate a highest permissible gross floor area of 15,687 square meters and is perfect for constructing a boutique hotel.

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Marina Bay Sands Integrated Resort disclosed on 8 July 2009, that it has completed topping the three 55-story hotel towers, a key milestone in an eye-catching and iconic project to bring Singapore a top-notch integrated resort. The Sands SkyPark is the next vital phase of construction.

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The Ministry of Trade and Industry (MTI) has launched on 2 July 2009, its Industrial Government Land Sales (GLS) programme for second half of this year. To ensure it is able to satisfy possible demand for industrial land, MTI will offer 3 new sites on the Reserve List in the programme.

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The Urban Redevelopment Authority (URA) flash estimate of the Q2 2009 Private Residential Property Price Index is 131.7, a decrease of 5.9% over Q1 2009. This follows after a fall of 14.1% in the previous quarter.

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Senior Minister of State for National Development and Education, Ms Grace Fu, was the Guest-of-Honour at HDB’s first retail seminar and launch of its new Internet site, “Where2Shop@HDB” on 1 July 2009. Both the seminar and Internet site are fresh ways to assist heartland retailers stay competitive and relevant in today’s rapid-changing retail environment.

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The Housing & Development Board of Singapore (HDB) flash estimate of the Q2 2009 Resale Price Index (RPI) is 140.0, an increase of 1.2% over Q1 2009. This follows after a minor fall of 0.8% in the previous quarter. Basically, the Resale Price Index supplies information on the general price movements in the public housing [...]

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