Developers raise price of DBSS flats to ride on property boom
From our Correspondent Private developers have raised the prices of HDB's Design, Build and Sell scheme (DBSS) flats to capitalize on the property boom, this coming days after Minister for National Development Mah Bow Tan conceding that prices of resale HDB flats will continue to rise. DBSS projects are designed, built and sold...
Concerned Singaporeans start online petition requesting the government to lower HDB valuations
From our Correspondent A group of concerned Singaporeans have started an online petition to request the government to "lower HDB valuations or build more affordable HDB housing for Singaporeans". (sign the petition here) The petition had garned over 50 signatures so far. Besides appealing to the government to lower the HDB prices,...
CPF plans to lower interest rates for medisave and retirement accounts
From our Correspondent According to the latest news release from the Central Provident Fund (CPF) board posted on its website, it will be applying a new floor rate of 2.5% interest for all CPF accounts after 31 December 2009 (Source: CPF) The government has been maintaining the 4% floor rate for savings in the Special Medisave...
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