Ascott will simulate a lyf product at SMU, named lyf@SMU, to test out various co-living concepts, enabling its students to be the first in the world to experience and shape upcoming lyf properties.
And with the additional CPF Housing and Proximity Housing grants, it would mean getting up to S$110,000 in subsidies. Unfortunately, those who made transactions before the announcement had fallen to the wayside.
It said the absence of substantial profits recognised from the group's second profit participation securities (PPS) platform last year, where three office assets were monetised, had dragged net profit lower.
The enhanced Central Provident Fund Housing Grant, previously capped at $30,000, has been raised to $50,000 for first-timers who turn to the resale market for four-room and smaller flats. And it has risen from $30,000 to $40,000 for five-room and larger flats.
The City in a Garden outshone 16 cities from all around the world, in a study by researchers from the Massachusetts Institute of Technology (MIT) and the World Economic Forum (WEF). Almost 30 per cent of the Republic's urban areas are covered by greenery.