99.co Property Insider News
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The billion-dollar money laundering case & the properties in its wake

The money laundering web extends to 105 properties valued at around S$831 million, encompassing Sentosa Cove bungalows, ten units in Canninghill Piers, and commercial spaces.

In response to this alarming case, real estate agents are now required to adhere to a due diligence checklist. Additionally, clients’ details are also cross-referenced with international databases.

πŸ”Ž https://www.99.co/singapore/insider/the-billion-dollar-money-laundering-case-and-properties/
COE premiums hit S$137k record high: Exploring car ownership & property choices

As of the 1st COE bidding exercise for September 2023, both Category B and the Open Category have hit an astonishing record of S$134,889 and S$137,000, respectively. This surge in COE premiums has far-reaching implications, not only for car buyers but also for the broader property market.

πŸ πŸš™ https://www.99.co/singapore/insider/coe-premiums-137k-record-high-exploring-car-ownership-and-property-choices/
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BTOs: From basic to boujee!

Gone are the days when BTOs were just about β€œBuild-To-Order”. Now, they come with labels that could rival coffee sizes.

If you have not familiarised yourself with the new BTO categories, we'll help you understand the evolution of BTOs and what each new category brings to the table.

πŸ”ŽπŸ˜ https://www.99.co/singapore/insider/the-new-bto-classification-saga-from-basic-to-boujee/
Do you get a pet-sitter or house your pet at a boarding service? Whichever your choice, it's imperative to leave your fur babies in good hands.

Here's a guide for both seasoned and future pawrents - our take on the most trusted pet hotels and boarding services in Singapore; and the essential pet ownership regulations that every responsible pet owner should be aware of.

🐾 https://www.99.co/singapore/insider/singapores-trusted-pet-hotels-boarding-services-for-furry-friends/
Tiong Bahru original-condition HDB flat goes for $1.12M despite remaining 42-year lease

The 1,033 sqft second-floor unit, which retains its original condition, was valued at $1,084 per sqft. The owner had rented out the apartment for many years and took 15 months to seal the deal.

πŸ‘πŸ“ˆhttps://www.99.co/singapore/insider/tiong-bahru-pre-war-flat-sale/
34.4km of new cycling paths: What this means for Jurong West, Bukit Batok, Clementi, & Queenstown residents

Under the ambitious Islandwide Cycling Network (ICN) program, LTA is slated to build approximately 10.7km of cycling paths in Jurong West, 9.8km in Queenstown, 7.3km in Bukit Batok, and 6.6km in Clementi.

πŸš΄β€β™‚https://www.99.co/singapore/insider/new-34-4km-cycling-paths-jurong-west-bukit-batok-clementi-queenstown/
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Bukit Merah, home to nearly 130,500 residents, is poised for an impressive makeover

A larger sheltered event space, new play areas, new pedestrian and cycling paths, sheltered linkways, upcoming Keppel and Cantonment MRT stations, and many more upgrades.

🌳 https://www.99.co/singapore/insider/enhancing-amenities-connectivity-more-bukit-merah-13-southern-parks/
Dormitory rental rates have more than doubled since the previous lease tenure

This surge in rental rates can be attributed to various factors, including increased demand for dormitory beds, especially with the reopening of the economy and the influx of foreign workers.

πŸ“ˆhttps://www.99.co/singapore/insider/dormitory-rental-rates-in-singapore/
BTO classification changes: One of the most significant changes is the enhanced housing access for singles

HDB plans to launch up to 14,000 two-room Flexi flats from 2024 to 2026, representing a 30% increase over the past three years.

πŸ”Žhttps://www.99.co/singapore/insider/bto-classification-changes/
O.K. Lim’s second Good Class Bungalow (GCB) is up for grabs at a cool S$30 million

Nestled in the heart of Bukit Timah, this GCB isn’t just any property. Spanning a vast area, it boasts lush greenery, spacious interiors, and an architecture that screams luxury.

🏑 https://www.99.co/singapore/insider/o-k-lim-bungalow-sale/
Would you rather cycle more than take public transport within your neighbourhood?

Rising costs or not, cycling has definitely attained an upward trend among residents. We explore some bicycle-friendly neighbourhoods in Singapore.

πŸš΄β€β™‚https://www.99.co/singapore/insider/cycling-friendly-neighbourhood-for-rising-transit-costs/
Avoid property pitfalls in light of ABSD changes

In a city where every square foot counts, understanding and adhering to the myriad of property laws and regulations is crucial. The case of the two parents who lost their properties after a law change by planning to avoid ABSD is a stark reminder of this.

πŸ”Ž https://www.99.co/singapore/insider/property-pitfalls-absd/
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99.co Property Insider News
99.co X Seedly Event of the Year: Millionaire Investor - The Property Millionaire Playbook on 7 Oct RSVP here: https://go.99.co/Seedly99PropertyMillionaire Join us and Moomoo to receive extra S$20* on top of the Welcome Bundle (up to S$730*) including Tesla…
HDB maisonette sets new record for Bishan & executive flats at S$1.45M

In December 2022, a 1,641 sq ft unit at Toh Yi Drive, off Jalan Jurong Kechil, set the previous record for maisonettes. This unit, boasting ample space and luxurious living, was sold for a whopping S$1.3 million, marking a milestone for maisonettes at the time.

πŸš€ https://www.99.co/singapore/insider/maisonette-sets-record-bishan-executives-s1-45m/
Ang Mo Kio is getting an upgrade and here’s what you need to know

The first phase kicks off from the second quarter of 2024 - with a mall upgrade, shaded seating areas, and more ramps for easier navigation. The second phase, slated for completion in 2027, brings a thematic play corridor, a transformed community space beside Broadway Plaza and more.

πŸ“https://www.99.co/singapore/insider/ang-mo-kio-rejuvenation/
August resale condos 2023 highlights

Year-on-year, overall prices surged by an impressive 7.6% over August 2022.

Notably, all regions exhibited price increases year-on-year: CCR by 2.7%, RCR by 7.5%, and OCR by a remarkable 9.8%.

πŸ“ˆ https://www.99.co/singapore/insider/august-resale-condo-2023/
⚠️Rental scams alert: fake property listings and agent impersonation

Between January and March 2023, at least 305 victims have fallen prey, with losses amounting to at least $1.7 million.

For more information and how to safeguard yourself from scams, read more at https://www.cea.gov.sg/consumers/rental-scams

Brought to you by the Council for Estate Agencies (CEA) and the Singapore Police Force.
Bukit Panjang records first million-dollar HDB flat @ S$1.02 mil

This spacious flat boasts a generous area of 1,367 square feet, was built in 2003, and has 78 years remaining on its lease.

One of the standout features of this property is its proximity to essential amenities and conveniently located near the Bukit Panjang MRT station.

πŸ“ˆhttps://www.99.co/singapore/insider/bukit-panjang-first-million-dollar-hdb-flat/