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With the vision of 'Limited Land, Unlimited Space', SLA is responsible for maximising Singapore's land resources, by: [4] Optimising land and space utilisation, Safeguarding property ownership, and; Promoting the use of land-space data through geospatial. SLA has two functional roles: developmental and regulatory.
The Act provided for a drawing on the Past Reserves of a sum not exceeding S$28,312,615,600 [17] (S$49,312,215,600 in total after including the "Resilience" and "Solidarity" Budgets) to alleviate the adverse economic effects caused by the 2020-21 Singapore circuit breaker measures during the COVID-19 pandemic in Singapore.
The UK House Price Index replaced this release in June 2016.[3] Historically, HM Land Registry also published a separate house price index calculated by Calnea Analytics. It used the HM Land Registry’s data, which consists of the transaction records of all residential property sales in England and Wales. It uses Repeat Sales Regression.
Real estate transactions often require appraisals because every property has unique characteristics. The location also plays a key role in valuation. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property.
The Land Registry has been dealing with the registration of all transactions (purchase, sale, mortgage, remortgage and other burdens) concerning registered land since 1892, and issued land certificates which are a state guarantee of the registered owner's good title up to 1 January 2007. Land Certificates have been abolished by virtue of ...
Besides the provision of public housing, the HDB handles land reclamation works in Singapore and maintains the infrastructure of Singapore's national resource stockpiles. The HDB is also a major purchaser of state land from the Government with the purchase price payable by HDB going into the past reserves. [2]
In the early 2020s, Singapore's public housing is located in new towns, in communities that are intended to be self-contained, with services nearby housing blocks, and is either owned by or rented to residents. Lessee-occupied public housing is sold on a 99-year lease and can be sold on the private resale market under certain restrictions.
Land reclamation projects have increased Singapore's land area from 580 km 2 (220 sq mi) in the 1960s to 710 km 2 (270 sq mi) by 2015, an increase of some 22% (130 km 2). [300] The country is projected to reclaim another 56 km 2 (20 sq mi). [ 301 ]