Divorcees who get full custody of all children will no longer be subject to a five-year debarment period when buying a second subsidised flat from HDB. Neither would they have to get prior consent from their ex-spouse to give up their right to a subsidised flat, announced National Development Minister Khaw Boon Wan in Parliament on Monday. However, the ex-spouse with no children will still be subjected...
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Far East Organization’s third SOHO development and the first dedicated business SOHO under the brand, PS100, has sold all of its 100 strata office units in just one weekend at average prices of S$3,000 per sq ft. Located at the fast transforming Tanjong Pagar precinct of the Central Business District, the limited edition PS100 is part of an integrated hotel-office development, occupying levels seven to...
The government is fully committed to providing affordable public housing options for Singaporeans. And extra grants are offered to the lower-income group to help them rent, buy their own home or monetise their flat in future. Minister of State for National Development, Tan Chuan Jin said the ministry tracks "very closely" the incomes of Singaporeans, to make sure that flats are priced and subsidised so...
As for Deputy Prime Minister Tharman Shanmugaratnam's comment that Singaporeans earning S$1,000 could also own a home, Minister of State Josephine Teo said she was not surprised at the mixed reactions from netizens. "They don't necessarily know that there are grants available from the HDB that will make the actual size of the loan for purchasing these houses not very big. "With the grants, the loan...
Second timers applying for a Build-To-Order (BTO) flat, retirees looking to age-in-place, and multi-generation families have received a housing boost from the Ministry of National Development. National Development Minister Khaw Boon Wan announced tweaks to balloting rules for second-timers during the Committee of Supply debate for his ministry in Parliament on Friday. He said these are aimed at building...
Minister for the Ministry of National Development (MND) Khaw Boon Wan is paying special attention to families facing financial difficulties because of misfortune. This includes the sudden death of a breadwinner or a major illness of a family member. He said in Parliament on Friday: "For victims of misfortune, I have impressed on my MND colleagues that our default position is to try to say "yes", to help...
National Development Minister Khaw Boon Wan has clarified comments made by Deputy Prime Minister Tharman Shanmugaratnam, that a household with a S$1,000 income can afford an HDB flat. Mr Khaw said the comment had caused a stir, as it sounded so incredible. But he said Mr Tharman was referring to a two-room Built-To-Order (BTO) flat. That's because such a flat would cost a first-time applicant - who...
Members of Parliament (MPs) this week sought to highlight the woes long faced by employers - particularly small and medium enterprises (SMEs) - posed by the policies in this year's Budget aimed at re-structuring the economy. This year's Budget cuts dependency ratio ceilings (DRC) in the manufacturing and services sectors to slow down the growth of the foreign workforce. At the same time, it offered...
China's home prices for last month posted the biggest decline in 19 months as the government pledged to maintain curbs on property, according to SouFun Holdings, the nation's biggest real-estate portal. And market watchers expect prices to continue to fall, with no signs of the curbs easing in sight. Home prices dropped 0.3 per cent last month from January, according to SouFun, which began compiling the...
The Housing & Development Board (HDB) tender for the land parcel at Upper Serangoon View / Upper Serangoon Road has attracted seven bids at the close. The top bid came from a joint offer by Ho Lee Group Pte Ltd and Evia Real Estate Management Pte Ltd for S$141.5 million. This works out to S$303 per square foot (psf) per plot ratio. The top bid is seven percent more than the second bid of S$132.1...