Tag Archives: Tampines

Supply of private home sites in Singapore to go up

Posted on 6 Nov 2009 | Comments Off on Supply of private home sites in Singapore to go up

The Singapore government is boosting the supply of private residential sites in the first half of next year.

It has announced new sites for sale, which could yield over 10,500 homes – the highest number of units since the Government Land Sales (GLS) Programme started in the second half of 2001.

The Urban Redevelopment Authority (URA) said on Friday that in deciding supply, it looks at market conditions and medium-term demand.

Demand has been buoyant, with over 5,700 units sold in the third quarter of this year alone – more than the total number in 2008.

While demand has cooled off slightly, following high prices and moves by the government to curb a speculative bubble, observers believe the property market is on the mend.

For the whole of 2009, regular land sales through the confirmed list were suspended due to poor market conditions. But scheduled sales will resume next year, with a site in Buangkok being one of the largest on offer. Continue reading →

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Posted in Property Market / Real Estate

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Not just about money

Posted on 9 Oct 2009 | Comments Off on Not just about money

I REFER to the slew of impending closures of neighbourhood wet markets, which will be largely taken over by the Sheng Siong supermarket chain and converted into a string of its air-conditioned outlets.

It is disheartening that the livelihood of the wet market stallholders was not a consideration in approving the conversion of wet markets into air-conditioned supermarkets.

Assuming that each wet market houses an average of 50 stallholders, one can safely assume an impending loss of 100 jobs per market.

Based on yesterday’s report, ‘Two more wet markets to go‘, eight wet markets will close down to make way for six Sheng Siong outlets, and a FairPrice and Shop N Save supermarket each.

So at a conservative estimate, the businesses and jobs of at least 800 people are at stake. Continue reading →

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Posted in HDB

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