Tag Archives: KHAW BOON WAN

CHEAPER HDBs COMING YOUR WAY?

The softening resale HDB flat prices is good news for home buyers but it has not yet reached a "steady state" said National Development Minister Khaw Boon Wan. However, HDB's fourth quarter resale housing data does suggests that "we have finally turned the corner" with the balance between sellers and buyers is becoming more neutral, said Mr Khaw in a blog-post on Saturday.

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SINGAPOREANS DON’T HAVE TO RETIRE IN JB ANYMORE?

SINGAPORE: A condominium touted as Singapore's first retirement village was sold out on its first day of sale. Despite concerns about The Hillford's shorter 60-year lease, buyers - both young and old - snapped up all 281 apartments.By 9am on Friday, The Hillford showflat at Upper Bukit Timah was already crowded with some 1,000 prospective buyers. Within the first one-and-a-half hours, more than 80 units were already sold. That is 30 per cent of what is available.

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WASHINGTON POST: 17 countries with possible housing bubbles (SINGAPORE INCLUDED)

The major economies have been growing only slowly. Yet with low interest rates and aggressive central bank action across the globe, there is a giant pool of money that has to go somewhere. That somewhere has not been productive new investments, like companies building new factories. Rather, it has come in the form of people taking advantage of cheap credit to bid up the price of existing real estate in cities from Stockholm to Sydney.

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Citibank employees in Singapore infected with H1N1

Two Citibank employees working on the 22nd floor of its Asia Square office have been diagnosed with Influenza A (H1N1), and another eight are suspected to be infected with the virus, the bank said in an email sent to its staff yesterday. In the email, Citibank said the affected staff were on medical leave, while the suspected cases were sent home to see a doctor.

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Top Districts’ Executive Condominiums: Who are the ones?

The top performing EC, Bishan Loft, is a 99-years leasehold Executive Condominium development located at 31 – 35 Bishan Street 11. The reason for its appeal lies in its walking distance to Bishan MRT Station, which appeals to potential buyers as Bishan MRT station offers accessibility to the CBD via the North-South and Circle lines.

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Khaw: We had to issue summons

With the Lunar New Year approaching, shops in HDB heartlands have come abuzz as residents patronise them to stock up for family gatherings. Shopkeepers would display their goods along public pathways to pull in the crowd. HDB and the local town councils have supported this by designating spaces for the Outdoor Display Areas (ODA) marked by yellow boxes.

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Resale private home prices fall for 4th month

Prices of resale private homes fell for a fourth month in December as prices weakened by a further 0.2 per cent, according to the latest data today (Jan 13) from the Singapore Real Estate Exchange (SRX) which compiles data from property agencies in Singapore

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No takers for some colonial bungalows in Singapore

Mr Chris Koh, director of Chris International, said: “There must be someone willing to pay. We’re talking about a premium because of (the size and location) of the sites — that could be one. Number two is there’s a lot of upkeeping of the place.” Mr Ku Swee Yong, CEO of Century 21 Singapore, said: “If we rent these out to private companies for marketing events, or as corporate training centres, then we could see more bids.” There are about 500 of these bungalows in Singapore, located in central areas like Nassim Road, Goodwood Hill and Bukit Timah, as well as in areas further from the city, like Alexandra Park, Sembawang and Seletar.

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