Executive condo policy to be reviewed following affordability concerns: Chee Hong Tat

[SINGAPORE] Singapore is reviewing its executive condominium (EC) policy given concerns over affordability, said National Development Minister Chee Hong Tat on Wednesday (March 4).

Artist's impression of Pearl's Hill BTO project. The development is part of the government's efforts to renew and rejuvenate older towns.
SINGAPORE BUDGET 2026

Budget 2026: HDB to roll out 60-storey BTO blocks in plan to ‘build more, faster, higher’

Pearl’s Hill BTO in Outram will have tallest HDB in Singapore; fresh supply to be injected into Toa Payoh starting with Caldecott BTO

BCA is reviewing the Building (Strata Management) Act, with a focus on maintenance funding, accessibility upgrades in older estates and better estate management.

Budget 2026: ‘Carrots and sticks’ needed in new rules on funding of ageing condo upgrades

Potential changes to the Building (Strata Management) Act include lowering voting thresholds for essential works

The push for more built environment-talent will be given renewed focus, said National Development Minister Chee Hong Tat on Wednesday (Mar 4).

Budget 2026: Time to ‘glow up’ built environment sector with AI, robotics; quantity surveying in focus 

A dedicated workgroup has been set up to strengthen the quantity surveying profession

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The family of tycoon Henry Cheng holds about a 45% stake in New World and effectively runs the property firm.

Blackstone talks on US$4 billion New World deal stall over control

The property firm is one of Hong Kong’s “Big Four” property developers

New Yorkers already stretching their budgets to buy their first home may find it harder to get approved for a purchase with the added tax burden.

Zohran Mamdani’s tax threat risks worsening New York City housing crisis he’s trying to fix

Landlords are already facing rising insurance premiums, utilities and maintenance costs

The eighth site in Lentor Hills Estate, the tender for which closed on Tuesday (Mar 3), can yield about 560 private homes.
SINGAPORE PROPERTY

GuocoLand-led group tops Lentor Central site tender, with S$1,278 psf ppr bid above expectations

State tender for the private housing site garners five bids

Mark Zuckerberg owns homes in Palo Alto and Lake Tahoe, California, as well as in Washington, DC, and Kauai, a Hawaiian island.

Mark Zuckerberg breaks Miami record with US$170 million mansion

The sale at 7 Indian Creek Island Road sets a record for the most expensive home sale in Miami-Dade County

Located in the heart of Singapore's CBD, One Raffles Place is a key revenue contributor for OUE Reit.
THE LEVEL GROUND

Reits that don’t trade well should be privatised, or sell assets and be liquidated

After selling One Raffles Place, OUE Reit should be taken private or divest the rest of its properties

Sydney is typically a harbinger for the broader market and its flat reading comes after the RBA in February became the first major central bank to increase borrowing costs this year.

Sydney home prices flatline while rest of Australia stays strong

Money markets and many economists expect the RBA will raise rates again in May to 4.1%