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Property Cooling Measures Working?
In the Sunday Times yesterday, National Development Minister Mah Bow Tan said that the recently introduced cooling measures by the government was working. In the resale Housing Board market, median cash over valuation (COV) payments in October fell to $25,000, from $30,000 in the previous quarter. Unfortunately, even though COV is dropping, the current formula […]
Residential Land and HDB Ownership
In an article published in the Sunday Times yesterday, it was mentioned that the HDB ruling which states that HDB flat owners are not allowed to concurrently own an HDB flat and private property (local or overseas) within the minimum occupation period (MOP) will also apply to residential land (even if its vacant) held in […]
Property Cooling Measures 2010
Just a few days ago, I got a friend who wrote this: “realises that he has missed a window of opportunity, when every man on the street have their own theories on property investment…the next downturn perhaps…..” And then yesterday, the government announced several measures to cool our property market. Compared to previous measures, these […]
HDB to Raise Income Ceiling
The Prime Minister yesterday announced some changes to the current HDB income ceiling of $8000 in his National Day Rally. Those households earning $8000 to $10000 will be allowed to buy flats under the Design-Build-and-Sell Scheme (DBSS) and executive condominiums. However, they will still not be allowed to buy Build-to-order (BTO) units. A typical four-room […]
HDB Revises Policies to Stamp Out Speculation
The Housing & Development Board (HDB) recently unveiled policy changes designed to hurt speculators and make it more expensive for non-Singaporeans to buy government-subsidised flats. These changes include: 1) It will now be possible to apply for a second concessionary loan, even if you are downgrading. However, the quantum of the second concessionary loan will […]