Minister Mah emphasized again: HDB flats are “affordable”
From our Correspondent For the third time in as many weeks, National Development Minister Mr Mah Bow Tan had issued another blanket reassurance that HDB flats remained "affordable", this time round in reply to questions from his own party MPs in Parliament. Jessica Tan, MP for East Coast GRC asked if HDB is helping to ensure...
$70K COV for 3-room resale HDB flat at Toa Payoh
From our Correspondent According to property group HSR, a 3-room flat at Toa Payoh Lorong 3 was recently sold for $295,000 with a COV of $70,000. Data released by Propnex and ERA shows that COVs for 3 and 4 room flats have doubled over the last 2 months and now average more than $20,000. The rising prices of resale HDB flats...
Government takes steps to cool red-hot property market
From our Correspondent In a sign that the government is taking measures to cool the red-hot property market and to curb speculation, National Development Minister Mr Mah Bow Tan announced that interest-only loans and interest absorption schemes offered in property sales will be disallowed with immediate effect. Mr Mah had said...
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