Like the Hamptons for affluent New Yorkers, Singapore emerges as the go-to real estate hot spot - replacing Hong Kong - for wealthy Chinese. "It confers class status in China to say that you own a flat in Singapore," asserts Mohamed Ismail.
A few hundreds units short of 18,000, the number of home sales in Singapore last year was greater than all record-breaking figures achieved prior to 2007 before the market went south. By and large, interest rate below 1% helps stimulate and sustain the activity in the housing sector.
The Economist reports:
For an island nation roughly the size of San Francisco, "[t]he boom has also been pushed along by rich foreign buyers. About 16% of private units are now bought by outsiders. Singapore has always been a popular place for wealthy Indonesians and Malaysians to park their money, but the big difference now is the influx of Indians and, more importantly, Chinese."
FULL STORY: Flat plan
Pandemic Geography: What's Going on in Singapore?
With 82% of its population fully vaccinated, mostly with mRNA vaccines, COVID case incidence on Nov. 1 is the same as Wyoming, where 44% of the population is fully vaccinated. Hospitals are feeling the strain, and deaths are at their highest level.
The Singapore Exception
Singapore, Taiwan, and Hong Kong were credited early in the pandemic with having successfully contained the coronavirus without resorting to lockdowns. However, Singapore lost its standing in that elite group. Crowding vs. density may explain why.
Are Asia's Planned Cities a New Colonialism?
While they look clean and green on the drawing board, Asia's planned developments might be nothing more than cloned commercialism set in concrete. By undermining local culture, this 'smart city' approach may also prove unsustainable.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?
Cal Fire Chatbot Fails to Answer Basic Questions
An AI chatbot designed to provide information about wildfires can’t answer questions about evacuation orders, among other problems.
What Happens if Trump Kills Section 8?
The Trump admin aims to slash federal rental aid by nearly half and shift distribution to states. Experts warn this could spike homelessness and destabilize communities nationwide.
Sean Duffy Targets Rainbow Crosswalks in Road Safety Efforts
Despite evidence that colorful crosswalks actually improve intersection safety — and the lack of almost any crosswalks at all on the nation’s most dangerous arterial roads — U.S. Transportation Secretary Duffy is calling on states to remove them.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Appalachian Highlands Housing Partners
Gallatin County Department of Planning & Community Development
Heyer Gruel & Associates PA
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie