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(SINGAPORE) The number of private homes sold by developers rebounded in July after falling for the prececeding two months, but the outlook remains tinged with uncertainty about the state of the financial markets and the economy. The jury is also out on the extent to which the increase in income ceiling for buyers of new […]
August 16, 2011
(SINGAPORE) The Housing & Development Board (HDB) will be launching a record 8,000 flats next month to meet households’ demand for public housing. More singles too, will find flats within reach. HDB is raising the income ceilings and housing grants for certain schemes to help this group purchase resale flats. HDB announced these moves yesterday, […]
August 16, 2011
FRASERS Commercial Trust (FCOT) has been given the go-ahead to redevelop its KeyPoint building into a commercial and residential development. The 25-storey development is at the junction of Beach Road and Jalan Sultan. It is currently a fully commercial development with no residential component. The property comprises a three-storey podium, a 22-storey office tower and […]
August 16, 2011
SICK of being held to ransom by ever-ballooning rents, Ms Michelle Lim, 31, and her husband have been on the hunt for a home of their own for a year now. But they have not found the going easy, with the prices of HDB resale flats and private properties – the only types of properties […]
August 16, 2011
IN ONE fell swoop, the Housing Board (HDB) yesterday lifted the income ceiling for several groups of home buyers, from families to singles and the elderly, to make qualifying for a new flat or housing subsidies less of a source of anxiety. National Development Minister Khaw Boon Wan said yesterday that the changes factor in […]
August 16, 2011
WHILE Citigroup has acknowledged that 2011 may bear similarities to the 2008/2009 global financial crisis, it says it is not expecting a repeat of 2008. Said Citi in an equity strategy report: ‘The global financial crisis was sparked by an acute credit crisis while the ongoing developments are linked to risks of a prolonged period […]
August 16, 2011
EXECUTIVE condos (ECs), a hybrid of private and public housing, led the charge in home sales last month as buyers looked for affordability in the midst of sky-high prices. Last month, 568 EC units – largely at Blossom Residences in Bukit Panjang and RiverParc Residence in Punggol – were sold to buyers such as HDB […]
Singapore Real Estate Highlights 
August 16, 2011
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