URA

Verifying sources of wealth and funds not required for most homebuyers, says the housing regulator

Analysts expect up to four bids for the 3.72-hectare white site, with offers potentially exceeding S$2 billion

Landed homes and Core Central Region lead index with about 2% jump in prime market, as prices fall across other regions

Market watchers expect firm demand for the Sin Ming site; Kallang parcel may remain on the reserve list

Top bid for River Valley Green plot marks new high for land in the area, and is about 22% above price of the last site sold nearby

Still, the latest monthly sales figure is up 43.3% from the year before

He was speaking ahead of the opening plenary of the World Cities Summit 2026

This is 2.5% more than the S$1,820 psf ppr fetched for a nearby plot next to Newton MRT interchange station in November

The government will also pilot schemes in some precincts to test how space can be used to make the city centre more vibrant