July 2024

Water Lilies and Sunken Garden to Welcome Visitors at Reopened Japanese and Chinese Gardens

Singapore’s beloved Japanese and Chinese Gardens, closed since May 2019 for redevelopment, will reopen in September as part of the next phase of Jurong Lake Gardens. Residents and visitors to The Lakegarden Residences and SORA can look forward to a stunning display of water lilies, creating Singapore’s largest collection, with vibrant shades of yellow, blue, white,

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Wealth Inflows Continue to Surge; MAS Works to Speed Up Tax Perk Processing

Singapore is experiencing strong growth in wealth inflows, despite financial institutions tightening their onboarding processes following last year’s $3 billion money laundering case, according to Chia Der Jiun, Managing Director of the Monetary Authority of Singapore (MAS). To further support this growth, MAS is working to reduce the processing time for its tax incentive scheme,

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Allgreen Properties Makes $730.1 Million Bid for Zion Road GLS Site

Allgreen Properties, the owner of Great World mall, has submitted the top bid of $730.1 million for the Zion Road GLS site. This 99-year leasehold plot, known as Zion Road Parcel B, saw a lackluster bidding interest but still managed to attract a bid that analysts say was within market expectations. The site, released for

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Developers’ New Home Sales Sink to Lowest on Record for H1 After Slow June

The sales of new private homes in Singapore plummeted to a record low in the first half of 2024, primarily due to a lack of new launches and price resistance amid weak market sentiment. Tricia Song, head of research for Singapore and Southeast Asia at CBRE, reported that a total of 1,916 units were transacted

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Prime Residential Sales Remain Firm in H1; High-Value Transactions Surge

Prime home sales in Singapore remained strong in the first half of 2024, surpassing figures from the second half of 2023 across all residential types in both sales value and transaction numbers. According to a report by Knight Frank released on July 9, a total of 98 luxury non-landed homes were sold, with a total

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