Fire sale? Don’t hold your breath
The panic selling of homes that some property experts had forecast months ago has not materialised after all – not this year, anyway. Market watchers had previously warned that the negative sentiment in the property market – which stemmed from the United States sub-prime crisis late last year and persists still – might prompt property … Read more
HDB rental flats: Are they really needy?
Just who are ‘really needy’ among those living in heavily subsidised rental flats? Should those who own a car or plasma TV set, employ a maid or install air-conditioners be ineligible? There are some who enjoy such luxuries and still hog such public housing units, said National Development Minister Mah Bow Tan recently, and the … Read more
What’s a development charge?
Where do you see this? Mainly when a plot of land that is already built on is sold to be redeveloped, such as in a collective sale of an existing estate. What does it mean? When a developer buys a site for redevelopment, it will submit a proposal to the Government to build a new … Read more
