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.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Map: Where Senate Republicans Want to Sell Your Public Lands
For public land advocates, the Senate Republicans’ proposal to sell millions of acres of public land in the West is “the biggest fight of their careers.”
Restaurant Patios Were a Pandemic Win — Why Were They so Hard to Keep?
Social distancing requirements and changes in travel patterns prompted cities to pilot new uses for street and sidewalk space. Then it got complicated.
Platform Pilsner: Vancouver Transit Agency Releases... a Beer?
TransLink will receive a portion of every sale of the four-pack.
Toronto Weighs Cheaper Transit, Parking Hikes for Major Events
Special event rates would take effect during large festivals, sports games and concerts to ‘discourage driving, manage congestion and free up space for transit.”
Berlin to Consider Car-Free Zone Larger Than Manhattan
The area bound by the 22-mile Ringbahn would still allow 12 uses of a private automobile per year per person, and several other exemptions.
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.
Heyer Gruel & Associates PA
JM Goldson LLC
Custer County Colorado
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
Camden Redevelopment Agency
City of Claremont
Municipality of Princeton (NJ)