Deferred Payment Scheme

Minister Mah assures there is no shortage of housing in Singapore

National Development Minister Mah Bow Tan has said there is no shortage of housing in Singapore. He said, "Based on all the BTO (Build-To-Order) projects that we've had so far, (for) all of the projects, all of the developments for the last year - except one - there've always been flats left over, even after everybody in the queue has been offered." Mah Bow Tan (file pic)But some home buyers often...

Many home buyers welcome move to scrap deferred payment scheme

Many home buyers have not been put off by the government’s decision to withdraw the deferred payment scheme for property purchases. Some showflats still bustle with activity, especially those approved to offer deferred payments. The latest change, which took effect on Friday, will only affect uncompleted private homes, commercial and industrial properties. Alan Tan has just bought a penthouse at Park...

Government withdraws Deferred Payment Scheme for property purchases

The government has withdrawn the deferred payment scheme for property purchases.This applies to all residential, commercial and industrial properties.This is seen as the clearest move yet to cool the property market. Amid the strong growth in the property sector, there have been calls on the government to step in. Analysts say the latest move did not come as a total surprise. Tay Huey Ying, Research and...

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