Home News The property reality

The property reality




- 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.Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Upper Serangoon condo residents losing sleep over 4 fridge-related fires in 2 months 

Singapore—There have been seven fridge-related fires at Riversails Condominium in the past three years, causing much alarm to its residents. Four of the incidents occurred just in the last two months -- the latest in a sixth-floor unit where a fridge caught...

Post goes viral of man who wants to extend hospital stay as nobody cares for him at home

Singapore — A netizen has urged readers on Facebook to take care of their parents while they are still alive, after overhearing an elderly man in a hospital ask to stay longer since, he said, no one took care of him...

Praise for student who eats lunch discreetly out of respect for Muslim friends fasting

Singapore - A student has garnered praise for his sensitivity towards his Muslim friends fasting for Ramadan by eating his lunch discreetly. Syafiq Izwan Kassim, a teacher in Malaysia, took to Facebook on Wednesday (Apr 14) to share an experience with one...
Follow us on Social Media

Send in your scoops to news@theindependent.sg