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Internet • Video • Real Estate • Productivity
Internet • Video • Real Estate • Productivity
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This is a previously created Real Estate Read Google+ Page.
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This is a previously created Real Estate Read Google+ Page.
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New URA guidelines for landed homes to take effect from May
POSTED: 11 Feb 2015 11:00
UPDATED: 11 Feb 2015 23:16

"Under the new guidelines, which come into effect on May 11, home owners of landed property can choose to vary the floor-to-ceiling height in their house, while the limits for the attic and basement have also been changed."

"Under the new guidelines, the allowable overall height for a two-storey landed house will be 12 metres, down from the existing 14.1 metres. Meanwhile, the allowable overall height for a three-storey landed house will be 15.5 metres, down from the existing 17.7 metres. "

"However, home owners will now be able to vary the floor-to-ceiling height in their home, giving them a mix of spacious and compact spaces. This is a departure from existing rules, where a height restriction is set for each floor. The various storeys in the house can also be layered creatively, even allowing an extra room to be set up in a mezzanine level. "

"Under the new guidelines, the topmost floor, or the attic, will be limited to 3.5 metres in height and has to be set back from the front and rear of the building facade as defined by a 45 degree line. However, the attic can also be designed without a sloping roof, which is currently a requirement. "

"The basement will also be allowed to protrude above ground beyond the current one-metre limit. This is expected to allow more ventilation and light to the basement space."

- CNA/av/xq
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The $1 million foldable apartment
Published on 1 May 2014, CNNMoney

"This 420-square-foot studio in Manhattan can transform into five different rooms and is on the market for just under $1 million."
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Capitol Theatre to reopen in April 2015
PUBLISHED: APRIL 3, 1:39 PM

"The plans for Capitol Singapore — which comprises the former Capitol Theatre, Capitol Building, Capitol Centre and Stamford House — was announced at a topping out ceremony held today (April 3).

Following the S$750 million makeover, the development will comprise a luxury 157-room hotel, an upmarket retail mall, 39 high-end residences as well as Capitol Theatre, which will have close to 1,000 seats. CHANNEL NEWSASIA"
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CEA launches online consumer guide on foreign properties
POSTED: 17 Mar 2014 13:14

"Under the Estate Agents Act, CEA regulates all property transactions handled by estate agents in Singapore, including those involving foreign properties.

Foreign estate agents must be licensed with CEA before they can market foreign properties in Singapore.

Foreign property developers may also appoint a local licensed estate agent to market their foreign properties in Singapore. "

Online Consumer Guide on Buying Foreign Properties
http://www.cea.gov.sg/cea/content/binary/pdf3Files/Consumer%20Guide%20Foreign%20Properties.pdf

Practice Guidelines for estate agents and salespersons
http://www.cea.gov.sg/cea/content/binary/pdf3Files/PG%2001-14.pdf
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S$1.5b to provide community-based sports facilities: Lawrence Wong
By Patwant Singh
POSTED: 11 Mar 2014 23:15

"Some of the projects include the Punggol Regional Sports Centre, which will be integrated with Punggol's waterways and co-located with the SAFRA clubhouse.

The existing Ang Mo Kio Swimming Complex will be redeveloped into the Ang Mo Kio Wet Play Field.

Another project, the Town Sports and Recreation Centre in Sembawang, will be part of a one-stop community hub.

Jurong Spring and Boon Lay will be part of the pilot Sports-in-Precinct programme, featuring sheltered playing areas, multi-use courts and new materials."

"A new national movement for sports, called ActiveSG, will also be launched."
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HDB will change some processes in the way Singaporeans buy and sell resale flats:

a) HDB will publish daily prices of resale transactions as soon as they are registered, instead of fortnightly after the resale transactions are approved.

b) HDB will only accept valuation requests from resale flat buyers, after the buyers have been granted an Option to Purchase (OTP) by flat sellers. This change will take effect from 5pm, March 10

c) HDB will continue to honour OTPs and valuation reports which were granted before the implementation date and have not expired. Under the new rules, buyers who are granted OTP will also have 21 calendar days, instead of 14 calendar days to exercise the OTP, to adjust to the new procedure. 

Overseas Properties

Council for Estate Agencies (CEA) will be launching an online guide to provide some general tips on buying foreign properties.

In addition, CEA will step up efforts to regulate estate agents marketing foreign properties in Singapore.

Members of the public are encouraged to report to CEA any marketing activities by unlicensed foreign estate agents.

Source: Asiaone.com
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Other news report:
http://www.channelnewsasia.com/news/singapore/hdb-moves-to-reduce-focus/1027620.html
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New residential developments announced under Draft Master Plan 2013
By Eileen Poh
POSTED: 20 Nov 2013 04:34

"Some of the plans laid out in the Draft Master Plan 2013 include the construction of some 15,000 new homes in central Singapore, more commercial hubs outside the city centre, and a new waterfront area."

"These include an 800 metre-long pedestrian street with an underground shopping mall connecting two MRT stations - Marina South and Gardens by the Bay, a high-rise walkway from Gardens by the Bay right to the seafront, as well as 9,000 new homes.
Development of the area is expected to begin after 2017.

Over at Holland Village, a new extension has been planned to create more walkways and meeting spaces.
Some 1,500 residential units and a community park have also been proposed.
The first batch of developments is expected to be up and running in the next one to two years.

And for Kampong Bugis, the third residential development outlined in the Master Plan, it is set to be an eco-friendly and car-reduced precinct.
There will likely be fewer car parks in the area and water taxis could be offered as an alternative commuting mode to the city.
Some 4,000 housing units have been planned for the area as well.
Kampong Bugis has also been identified as a pilot site to serve as a model for sustainable water management practices internationally."
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