Singapore, a small island city-state in Southeast Asia, faces a myriad of unique challenges and aspirations. With a land area of just 721.5 square kilometers and a rapidly growing population, Singapore must find innovative solutions to accommodate its people, foster economic growth, and preserve its cultural heritage. This is where urban planning steps in as a crucial tool in shaping the city-state's...
The new private home sales market in Singapore has entered a period of notable turbulence, with October 2023 marking a sharp decline in sales activity. This slowdown, characterized by a 33.1% month-on-month and 72.4% year-on-year drop in sales, represents the lowest monthly sales volume since December 2022. This downturn has permeated all regions and price segments, reflecting the impact...
Transit-oriented development (TOD) has become a cornerstone of Singapore's urban planning, revolutionizing the way communities are designed and connected. In a city-state known for its efficient public transportation system, TOD has emerged as a key strategy to create sustainable, well-connected neighborhoods that prioritize accessibility and reduce reliance on private vehicles. At its core, TOD is...
Singapore, known for its innovative urban planning and forward-thinking approach, has witnessed a remarkable surge in the popularity of mixed-use development and integrated development projects. These groundbreaking concepts have revolutionized the city's landscape, offering a host of benefits for urban planning and community building. In this blog post, we delve deep into the growing trend of mixed-use...
Orchard Road, a bustling street located in the heart of Singapore's downtown core, holds a significant place in the city-state's history and culture. Originally named after the nutmeg and fruit orchards that once lined its sides, Orchard Road has evolved into a world-renowned shopping and entertainment destination. For decades, Orchard Road has been synonymous with luxury shopping, attracting both...
The Singapore real estate market is dynamic, often influenced by various factors, including economic conditions, location desirability, and changing buyer preferences. In September 2023, it was revealed that 119 new units, including Executive Condominiums (EC), were launched, while an impressive 335 units, including EC, were successfully sold. Notably, despite a decrease in the number of units launched,...
In a surprising turn of events, Singapore new home market witnessed a staggering 87% drop in sales in September 2023 compared to the same period last year. With only 217 units finding buyers, this significant decline comes in stark contrast to the robust figures of September 2022, when 913 units were sold. The primary culprit behind this downturn lies in the muted launch of new projects, with a mere 119...
Mixed-use developments refer to urban planning concepts that integrate multiple land uses, such as residential, commercial, and recreational, within a single complex or neighborhood. These developments aim to create vibrant and self-sufficient communities where people can live, work, and play in close proximity. Singapore, a bustling city-state known for its innovative urban planning, has experienced a...
The decision between renting and buying property in Singapore holds great significance due to the country's unique property market dynamics. Singapore is known for its high property prices and limited land availability, making it crucial to carefully consider the financial and lifestyle implications of each option. The choice between renting and buying can have a long-lasting impact on your financial...
Definition of co-living spaces Co-living spaces are shared living arrangements where like-minded individuals rent private rooms or shared spaces within a larger property. These spaces are designed to foster a sense of community and offer residents a more sociable and convenient living experience. Unlike traditional housing options, co-living spaces emphasize shared amenities, flexible lease terms, and a...