Residential

Older housing estates to see more resale transactions

With the $20,000 bonus for older Singaporeans who sell their flats and purchase three-room or smaller flats, older housing estates in Bukit Merah, Toa Payoh and Queenstown with more senior owners are likely to see more resale transactions. This may lead to a slight increase in prices of such flats since some 5% of existing HDB households is predicted to switch to three-room or smaller flats with the introduction of the bonus. The target of 400,000 housing units within 400 metres of MRT stations in the next 10 years would also mean an increase in government land sales close to MRT stations. However, these are more likely to be for public rather than private housing developments.

Two freehold sites up for collective sale

The first site located along Bartley Road actually consists of two separate plots that can be tendered together ...