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The grandson of property tycoon and hotelier Wee Thiam Siew has bought a GCB at Olive Road for $50.2 million earlier in April. This transaction broke the record for the Olive Road GCB area previously set by the $36 million ($1,537 psf for the 23,424 sq ft site) purchase by Secretlab CEO Ian Ang last June. In fact, according to.
The Ministry of National Development (MND) has released its half-yearly revision to the Development Charge (DC) rates across multiple property groups. Imposed on property developers, Development Charges are revised every six months and apply on a per square metres basis based on geographical sector and property group type. Based on MND’s and URA’s release, there are 118 geographical sectors and.
When people talk about landed properties in Singapore, whether it’s semi-detached houses or Good Class Bungalows (GCB), they often refer to the freehold ones. Less discussed is the leasehold landed property. Most of the time when people buy landed property in Singapore, it’s usually to allow different generations of the family to live together. There would also be plans for.