Residential

On average, LBC rates are up by 3.9% for industrial, 1.7% for commercial and 2.9% for place of worship/civic and community institution uses

Recent state tenders in the area have received firm interest from developers

Singapore has to constantly transform to meet evolving ‘live, work and play’ needs

The ceiling will be raised to S$18,000 for ECs and to S$16,000 for HDB BTO flats

This translates to about S$2,089 psf on freehold land area of about 14,982 sq ft

Insufficient new property developments and redevelopments can hurt Singapore’s economy and society in general 

The land parcel is being acquired from an entity linked to OCBC’s Lee family

As private non-landed homes age, a vibrant collective sales market helps optimise land use

Both are heading to SingPost Centre; PSB Academy has also leased space in two Tai Seng properties