Credit Suisse: Private apartments projected to be a better store of value than HDB resale flats

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 …

Read More »

Govt recycles public land vacated by HDB dwellers to developers for building private condos

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 …

Read More »

Assertion that HDB flat buyers are not owners but ‘tenants’ is “factually and legally wrong”: Minister for National Development

Minister for National Development Mr Lawrence Wong has rejected the widely circulated claim that Housing and Development Board (HDB) flat buyers are not owners but are “tenants” in practice. Speaking at the HDB’s Peak Forum for property experts at HDB Hub today (4 Sep), he said that such a claim is “factually and legally wrong”, as the same principle of …

Read More »

Prospective Punggol flat buyers should note HDB’s omission of petrochemical plant in Pasir Gudang

Prospective HDB flat buyers looking into the two upcoming BTO projects in Punggol, namely Punggol Point Woods and Punggol Point Cove, should bear in mind the potential health hazards resulting from the nearby petrochemical plants in Pasir Gudang in neighbouring Johor, according to Digital Content Editor of property blog 99.co, Mr Kyle Leung. Mr Leung noted that complaints have arisen …

Read More »