National Development Minister Lawrence Wong published a blog today (16 Nov) relating how he recently helped an elderly couple to do some financial planning for their retirement. In general, Singaporeans are asset rich but cash poor. A lot of their cash is stuck in the high-priced properties in Singapore, so much so that many have found it difficult to retire …
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7,214 flats were launched for sale on Tuesday (13 November) under the November 2018 Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise, which comprised of 3,802 BTO units and 3,412 SBF units across various towns/estates. The Housing & Development Board (HDB) announced in a press release on Wednesday (13 November), HDB stated that a wide selection of flats, ranging …
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by BankBazaar.sg Every quarter, couples will face the headache of deciding which BTO plot to apply for with the hope of landing their dream home. But understanding what are the consequences that come with your choice of BTO plot can be difficult. This is especially when HDB only provides a map screenshot with barely 3 lines of details. Thus, to …
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by ValueChampion Being a landlord can be a lucrative side business. However, if you're not careful, renting out your investment property may be much more trouble than its worth. Renovations, accidental structural damage and noncompliant tenants are among the top fears of landlords. With the number of HDB rental applicants increasing 55% between 2011 and 2017, we can surmise that more …
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by ValueChampion With HDB flat resale prices stagnate, we looked into ways that homeowners could boost their properties value based on different budgets. In recent months, HDB flat resale values have remained sluggish. Whether this is caused by fears of 99-year leases ending or by cooling measures, it is not a great sign for homeowners. Because these homeowners can't affect the …
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by ValueChampion While landed properties are some of the most coveted property types in Singapore, their high cost makes them more of a dream than a reality for most Singaporeans. How much do you really need to earn to afford these homes? Read on to find out. One of the most coveted types of real estate property in Singapore is the …
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by ValueChampion Housing prices in Singapore have decreased in recent months, which may spur younger residents to consider if it is time to purchase their first home. What do these prospective home buyers need to know before making this investment? Following measures introduced by the government intended to reign in the housing market, Singapore's housing prices have declined in recent months. …
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The ‘propaganda onslaught’ on the ‘HDB 99-year’ problem continues? I refer to the article “What it should have been” (Straits Times, Sep 25). The ST article states that: “In a Sunday Times report headlined “Old is gold for these buyers of ageing HDB flats“, we said that National Development Minister Lawrence Wong had warned people not to pay overly high …
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A Credit Suisse report published on Wednesday (19 Sep) predicted an increase in the price difference between private apartments and Housing and Development Board (HDB) resale flats in the foreseeable future. This prediction was made based on the expectation that the Voluntary Early Redevelopment Scheme (VERS) introduced by the Government might not be able to pacify buyers' apprehension regarding the …
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Blogger Philip Ang posted a write-up on Sunday ('PAP ministers lie about recycling land to provide affordable public housing', 16 Sep) highlighting that some of the HDB lands were not recycled to build affordable public housing but sold for profits to developers to develop private condominiums instead. "PAP ministers have repeatedly told Singaporeans that public land will be recycled after …
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