Home News The property reality

The property reality

Author

Date

Category

- Advertisement -

Property curbs increase prices of HDB flats. This the new property reality. 
By Leong Sze Hian
The way we see it, The Independent Singapore.Forget those who have the bucks to continue to buy private proverties, curb or no curb.
The latest statistics which show that new private property purchases plunged 73 per cent last month, a 43-month low, are likely to mean something to the ordinary Singaporean.
One possibility is that the demand for HDB flats will go up, which can only mean an increase in the price of such homes.
It is no comfort that the BTO and resale prices are still at record highs.
When people can’t buy private property because of the new loan curbs, they may have no choice but to turn to HDB flats. Also, the new loan curbs do not apply to new Build-to-order (BTO) flats which are governed by HDB concessionary loans.
This is the new reality in Singapore: Put the squeeze on one side, the other side is going to be affected.

- Advertisement -

Alamak! IKEA misprints reusable bags, sells them as limited edition

Singapore -- A typo in IKEA Singapore's KLAMBY reusable shopping bag resulted in a discount on its price. The store has admitted to the mistake with an "alamak" and has since tagged the shopping bag as a "limited edition" item that...

Bi-national couple charged with breaching SHN at Ritz-Carlton

Singapore—A British-Singaporean couple are facing charges for offences pertaining to Stay-Home Notice (SHN) requirements, having flouted an SHN at the Ritz-Carlton Millenia Singapore Hotel last September. The couple, British national Nigel Skea, 52, and his fiancée, Singaporean Agatha Maghesh Eyamalai, 39, were...

29-year-old inmate gets straight As for O levels, tops her cohort

Singapore — A 29-year-old inmate has topped her inmate cohort in the results for last year's GCE O-level examinations, according to the Singapore Prison Service (SPS) on Wednesday (Jan 13). Her story was released on Captains of Lives, the Facebook page...