Lesson 12 Flashcards
What are the three geographical market segments for private residential properties in Singapore?
- Core Central Region (CCR)
- Rest of Central Region (RCR)
- Outside Central Region (OCR)
What types of properties fall under the Non-landed property segment?
Non-landed properties refer to apartments and condominiums.
What types of properties are considered landed property?
Landed properties include detached houses, semi-detached houses, terrace houses, townhouses, strata bungalows, and cluster housing.
What are the two key indexes used for tracking property prices and rentals?
A) Property Price Index
B) Rental Index
What information is included in Launches and Take-up data?
The number of private housing units launched and sold by developers, excluding Executive Condominiums (ECs).
What does the Resales and Sub-sales data cover?
The number of resale and sub-sale transactions for private residential units, also excluding ECs.
What information about Supply in the Pipeline is tracked?
The pipeline supply of private residential units and ECs by expected year of completion.
What does the Stocks and Vacancy data indicate?
It shows the stock and vacancy rates of private residential units, excluding ECs.
When are rental contracts updated?
Rental contracts are updated monthly on the 15th of each month.
How often is the median rental for private non-landed residential properties updated?
It is updated quarterly on the 4th Friday of January, April, July, and October.
What sales information is updated by developers?
It includes prices of units sold, along with the number of units launched, sold, and unsold for each development, updated on the 15th of the following month.
How frequently is data about property transactions with lodged caveats updated?
This data is updated every Tuesday and Friday for transactions lodged within the last 36 months.
What details are provided about projects in the pipeline?
Information includes the name of the developer, the number of units, and the expected year of completion, dated quarterly on the 4th Friday of January, April, July, and October.
How does URA categorize commercial properties?
URA categorizes commercial properties as Offices and Retail Spaces.
What information does the Property Price Index provide for commercial properties?
It provides data on the prices of office and retail spaces.
What does the Rental Index indicate for commercial properties?
It indicates rental rates for office and retail spaces.
What is included in the Supply in the Pipeline for commercial properties?
It includes the anticipated supply of office and retail spaces that are planned or under construction.
What does Stocks and Vacancy data provide for commercial properties?
It provides information on the current stock and vacancy rates of office and retail spaces available in the market.
What is prohibited regarding the strata subdivision of commercial properties?
Strata subdivision of commercial properties located in prominent areas will not be allowed.
Name a prominent area where strata subdivision of commercial properties is restricted.
Orchard Road
List a few other locations where strata subdivision is not permitted.
Tanglin Road
Scotts Road
Shenton Way
Robinson Road
Anson Road
Raffles Quay (facing Raffles Place Park and along the Singapore River)
What types of developments are restricted from strata subdivision?
Developments in close proximity to key landmarks of national significance.
Why is strata subdivision of commercial properties restricted in prominent areas?
Strata subdivided developments tend to face challenges in maintenance and upkeep due to their fragmented ownership.
What are the 4 types of JTC Industrial Lands?
- Specialised Industrial Parks
- Business Parks
- Land for General Industries
- Land for Food Industries
What are the 3 types of JTC Industrial Property?
- Ready Built Space
- Office Space @ JTC Summit
- Startup Space
Why is a 100-meter buffer zone implemented around food zones in industrial areas?
To prevent hazardous and pollutive industries from operating nearby and to protect food safety by avoiding potential cross-contamination.
What is the duration of tenancy for standard factories in JTC’s ready-built space initiative?
3 years tenancy, first come first serve for immediate units.
What characterizes flatted factories?
They are high-rise, multi-tenanted developments that include common facilities such as passenger lifts, cargo lifts, and loading/unloading bays.
What are terrace workshops designed for?
They cater to small businesses and are low-rise, single-story units with a tenancy of up to 3+3 years.
What is Start Up Space in the context of JTC properties?
It is designated space for new start-up companies to support their development and growth, requiring specific eligibility criteria.
What criteria must startups meet to qualify for Start Up Space?
They must be Singapore-based, incorporated for no more than 5 years, not a subsidiary of an established company, and comply with URA industrial usage guidelines.
What are incubators in the context of JTC’s LaunchPad?
Incubators are companies with clear development programs to nurture start-ups and strong networks to enhance the LaunchPad community’s vibrancy.
Max amount of space that startups can apply for
100m^2
What are some categories of conservation areas?
- Historic districts
- Residential historic districts
- Secondary settlements
- Heritage structures
- Good Class Bungalows (GCBs)
