New 4-room HDB flats at Punggol cost up to $293,000
From our Correspondent HDB will be launching 1,142 units of flats at Punggol Spectra for sale under the Build-to-Order (BTO scheme). The flats comprise 301 two-room units, 285 three-room units and 556 four-roomers. The prices range from $89,000 to $109,000 for the two-room flats, $151,000 to $179,000 for the three-room flats...
DBS bank all set to fight legal case against minibond investors
From our Correspondent DBS Bank appears all set to defend itself against a civil claim brought about by 204 aggrieved minibond investors, who are suing to recover the $17 million dollars they lost in the purchase of credit-linked products. The investors are represented by Premier Law, which had served notice on DBS, stating...
HDB uses unknown “benchmark” to defend affordability of public housing
From our Correspondent The Housing and Development Board has written an official letter to the Straits Times Forum in response to a deluge of letters sent by Singaporeans questioning the affordability of HDB flats. Its reply differ little from earlier ones. (read letter here) HDB's deputy director Mr Ignatius Lourdesamy wrote...
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