SG Property News | March 6 2025
Singapore property news roundup for Thursday, March 6, 2025. Headlines link to the original publishers.
The future of Singapore’s commercial property market — What’s driving growth in 2025?
Asia Property Awards
Guide To New Singapore Condominium Launches In 2025
DollarsAndSense.sg
Where To Find The Cheapest Condos In Tampines In 2025 (From $688K)
Stacked Homes
Tampines is a large area, with places like Tampines West, Tampines Central, the new Tampines North, etc. There are a lot of condos scattered around this area, with notably large price differences. That’s good news for those who must live…
Elias Green to launch for collective sale at $928 mil
Edgeprop
Elias Green, a 99-year leasehold condo in Pasir Ris, will be launched for collective sale by public tender on March 6, according to ERA Realty Network, the appointed marketing agent. The property has a guide price of $928 million. The condo was completed in 1994 and occupies a land area of about 516,871 sq ft that is zoned for residential use with a gross plot ratio of 1.4. Consisting of several blocks, it has 419 apartments with sizes ranging from 1,367 to 1,636 sq ft.
Seniors living in private properties to receive up to 75% subsidy to install elder-friendly fittings
AsiaOne
News | Singapore-based Hotel Properties acquires InterContinental Auckland
CoStar Group
Billionaire’s Adviser At The Center Of Singapore Property Giant’s Boardroom Battle Resigns
Forbes
Singapore’s home affairs ministry allows hiring of auxiliary cops from China, India
asianews.network
Oei Tiong Ham Park GCB up for sale at $42.8 mil
Edgeprop
A Good Class Bungalow (GCB) on Jalan Sampurna, located within the Oei Tiong Ham Park GCB area, is up for sale through an expression of interest (EOI) exercise. The property has a guide price of $42.8 million, according to exclusive marketing agent Savills Singapore in a March 6 press release. The freehold property occupies a plot measuring 14,982 sq ft. The site has a regular shape, with a street frontage of 37m and a depth of around 32m.
Developers given extension on ABSD remission timelines for large en bloc sites and complex projects
Edgeprop
The Ministry of National Development (MND) announced revisions to the Additional Buyer’s Stamp Duty (ABSD) regime for licensed housing developers, which will take effect on March 6. In addition to the revisions, the ABSD remission timeline for developers undertaking complex projects has been extended from six to 12 months.
MND announces first BTO project with 1,500 units in new Mount Pleasant estate
Edgeprop
Minister for National Development Desmond Lee announced the first Build-to-Order (BTO) project to be launched in the upcoming Mount Pleasant residential estate in his Committee of Supply (COS) speech on March 5. The project will be launched as part of the October 2025 BTO exercise. The first of six public housing projects planned for the new estate, the announced project will comprise about 1,500 new units of two- to four-room flats.
Two new MRT lines being studied; West Coast MRT Extension to proceed
Edgeprop
Two new MRT lines are currently undergoing feasibility studies by the Land Transport Authority. The lines are aimed for completion in the 2040s and could potentially serve more than 400,000 households.
COS 2025: MND enhances Silver Housing Bonus and Fresh Start scheme
Edgeprop
The Ministry of National Development (MND) announced enhancements to the Silver Housing Bonus (SHB) and the Fresh Start Housing Scheme (Fresh Start) during this year’s Committee of Supply debate.