Instead of ballots, cater to individual applicants I REFER to the letter “Oh, that elusive HDB flat” (March 28). I emphathise with Samuel Lee and his frustration about the balloting system. My family (myself, my husband and two children) is in urgent need of a flat. As such, I was advised by the Housing and Development Board (HDB) to join in the bi-monthly ballots where no priorities are given. I...
Versilia, a 128 freehold exquisitely designed condominium units in two 19-storey blocks present the perfect backdrop for unparalleled luxury. Artfully design with eclective touches . The modern architecture takes best advantages of surrounding views. Whilst higher floor units bask with unobstructed sea vistas, units on the lower floors can revel in soothing seceneries of an environmental deck with...
The market generally expects Singapore's economy to grow by 5.5 percent this year. But economists at Nanyang Technological University (NTU) said if the United States goes into a recession, there is a 50 percent chance that Singapore's GDP growth may drop to as low as 3 percent. Generally, consumer demand is expected to slow down this year, whether or not the US goes into a recession. Choy Keen Meng,...
Hotel room rates are set to hit an all-time high when the Formula One Grand Prix comes roaring into Singapore this September. Visitors can expect to pay nearly 100 percent more, even if they are staying at a mid-range hotel. Over 90,000 die-hard fans are expected to catch Singapore's first Formula One Grand Prix from the race ground. But as the speed demons burn up the asphalt, the accommodation may...
Impact minimal as increase is small: Housing agents Starting next month, single Singaporeans aged 35 and above looking to buy Housing and Development Board (HDB) resale flats to live with their parents may apply for a higher Central Provident Fund (CPF) housing grant of $20,000. While this is up from the current $11,000 for singles who live alone, property agents TODAY spoke to said the impact would be...
Board should do more to weed out insincere applicants My fiancee and I are young executives who are looking for a place to live after we get married. We have applied for a Housing and Development Board (HDB) flat under the Design, Build and Sell Scheme (DBSS) and the Build-To-Order (BTO) schemes several times, but have repeatedly drawn very high queue numbers. The application fee of $10 should be raised...
A land parcel at Choa Chu Kang has been launched for sale by tender for residential development. The Urban Redevelopment Authority (URA) said it is one of four new residential sites to be released as a confirmed site under the Government Land Sales Programme for the first half of 2008. At 1.9 hectares, the plot will have a maximum permissible gross floor area of 53,200 square metres. A condominium up to 36...
Ascendas Real Estate Investment Trust (A-REIT) said the value of its industrial properties gained 14 percent to about S$484 million as at 29 February 2008. The numbers are likely to boost its performance for the financial year ending in March. A-REIT said the gains were booked after independent annual valuations for 80 properties in its portfolio by consultants DTZ Debenham Tie Leung, CB Richard Ellis,...
Starting next month, single Singaporeans aged 35 and above who buy HDB resale flats to live together with their parents may apply for a higher CPF housing grant of S$20,000 if they meet the eligibility conditions. The Housing and Development Board said this higher-tier singles grant will also apply to eligible singles buying the Design, Build and Sell Scheme (DBSS) flats with their parents. Under the...
CapitaLand has signed a deal with its Vietnamese partner Thien Duc to build about 1,400 homes in the prime District 2 of Ho Chi Minh City. The contract for the 6.7 hectare site includes commercial and retail space. The development, which is within a popular residential area, will have an estimated total project value of S$690 million. CapitaLand will take a 60 percent stake in the proposed joint venture,...