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

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.

Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.

Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.

MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.

Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
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.
Caltrans
City of Fort Worth
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie