Number of applications exceed available units for sale of balance flats by HDB
From our Correspondent with tip-off from a reader, Nazeem Following the announcement of a new scheme by National Development Minister Mah Bow Tan called Sale of Balance Flats (SBF) to simplify the flat application process, and to provide buyers with a wider choice of flats across a range of locations in one exercise, HDB had...
No review for $8k ceiling for public housing benefits
From our Correspondent Despite increasing calls for HDB to review the $8,000 income ceiling cap for public housing benefits which was introduced way back in 1994, National Development Minister Mr Mah Bow Tan is adamant that they should stay. Currently, households earning below $8,000 monthly can apply to HDB directly for a new...
Mah: “Not meaningful” to compare to prices of flats in the past
From our Correspondent National Development Minister Mr Mah Bow Tan has chided Singaporeans for comparing prices of public housing today with those 20 years ago. Referring to the benchmark to ensure that a household pays less than 30 per cent of its monthly income to service a home loan, he said: "We'll keep the prices such...
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