Tag: Housing

Rent in S’pore highest in 3 years due to expat demand, may rise even higher despite Covid-19 outbreak says Bloomberg

Singapore—Residential rental rates surged in 2019, reaching the highest they have ever been, according to a report from Bloomberg. Moreover, the report says rent could even go higher by as much as three to five percent this year, despite the economic fallout from the...

Ceiling collapses over toilet in HDB flat, netizens ask if it’s a fake story

A netizen recently took to Facebook calling on residents of Housing and Development Board flats after the ceiling of one of his family friend's house collapsed. https://www.facebook.com/photo.php?fbid=10156592772981415&set=a.10150166920501415&type=3&theater&ifg=1 Facebook user Nicholas Lee on Wednesday (Feb 26) shared a photo of a toilet bombarded by a portion of...

Singaporeans have much to look forward to in the coming months

The first week of 2020 has already introduced changes to life in Singapore, including in the areas of Internet speed, taxes and transport. Singaporeans can look forward to, among other things, two new 5G mobile networks, government bursaries for students and new HDB flats. On...

Pritam Singh commends ST for issuing clarification regarding AHTC’s powers over residents’ flats

Singapore—Pritam Singh, the secretary-general of the Workers’ Party (WP) expressed his approval for the correction issued in the November 14 edition of the Straits Times (ST) as it concerned the powers that the Aljunied-Hougang Town Council, which is held by the WP, over its...

HDB’s deficit rises to S$2 billion due to fewer units sold

Singapore—The Housing and Development Board (HDB) has posted a deficit of almost S$2 billion for the financial year ended on March 31, 2019. In 2018, the deficit was at around S$1.7 billion. The higher deficit in the last financial year is largely due to a...

Time is running out for 37 families who need to leave Katong due to repair, restoration works

Singapore—The Singapore Land Authority (SLA) has given 37 families who live in an estate in Katong until December 2020 to find new homes. Scheduled major restoration and repair works make it necessary for these families to move from houses that some have occupied for decades. The...

Malaysia raises a tax for the rich, allows foreigners to buy property worth RM600k

Malaysia's government raised the tax bracket for the rich earning RM2 million above to 30 per cent in a bid to generate more revenue and is allowing foreigners to buy property at a minimum value of RM600,000. Minister of Finance Lim Guan Eng announced it when tabling the...

Number of homeowners in Singapore defaulting on mortgages on the rise

Singapore—In what is perhaps another sign of a slowing economy, the number of homeowners in the country defaulting on their mortgages has seen a significant uptick, according to a report by the South China Morning Post (SCMP). According to the Credit Bureau Singapore, there have...

Australia is designing 20-minute neighbourhoods where you can walk or cycle anywhere

Cities all around the world are growing at an exponential rate. While cities have become centres of business, government, and culture, citizens are gradually experiencing the downsides of living in cities. Bigger cities entail longer commutes to and from work. This is often the case...

Hawaii official wants to replicate Singapore’s public housing program to address housing shortage

Hawaii is facing a housing crisis, and finding an affordable residence in the state has become more and more difficult. There are several ongoing construction sites along residential areas, most of which are high rise condominiums. Hawaii reportedly has one of the most expensive...