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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.
Since 1 January 2011, all property agencies and agents must hold a valid licence or registration respectively, if they wish to conduct any work relating to the sale and leasing of residential, commercial and industrial properties in Singapore.
URA's main responsibility is land-use planning. URA planners devise both long-term strategic plans, along with medium-term plans, which are reviewed every five to ten years. These plans designate the land use and urban density for the entirety of Singapore. These designations are divided by URA into 55 planning areas. [1]
MND's key responsibilities include the planning, management and redevelopment of land resources and the development of public housing.The promotion of the construction, real estate and agrotechnology industries, as well as the management and improvement of industry standards in the real estate agent industry also come under the purview of the ministry.
A Development Guide Plan is then drawn up for each planning area, providing detailed planning guidelines for every plot of land throughout the country. [ 2 ] The planning areas were first introduced in the early 1990s after the release of the 1991 Concept Plan. [ 5 ]
Singapore Broadcasting Authority (SBA), formed on 1 October 1994, merged into Media Development Authority on 1 January 2003. Singapore Broadcasting Corporation (SBC) corporatised as the Television Corporation of Singapore on 1 October 1994; Singapore Harbour Board, taken over by the Port of Singapore Authority on 1 April 1964
It is done through a three-tiered planning framework, consisting of a long-term plan to plot out Singapore's development over at least 50 years, a Master Plan for the medium term, and short-term plans, the first two of which are prepared by the Urban Redevelopment Authority (URA) and the last by multiple agencies.
Singapore Real Estate Exchange (SRX) is a consortium of leading real estate agencies administered by StreetSine Technology Group in Singapore. [1] The Exchange provides the prices of recently sold properties to participating real estate agents more rapidly than conventional, official channels run by the Urban Redevelopment Authority and Housing Development Board.