Tag Archives: Private

MORE PUBLIC HOUSING INCENTIVES MAY HURT POCKETS OF PRIVATE DEVELOPERS

Singapore wants to make public housing more affordable ahead of elections. That’s creating another headache for developers already under pressure from plunging sales and home prices. Developers are already grappling with falling prices and lower sales after the government began introducing residential curbs in 2009 as low interest rates and demand from foreign buyers raised concerns that the property market was overheating.

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SMRT CEO IN TROUBLE FOR LETTING ACS PRIVATELY CHARTER TRAINS WITHOUT LTA APPROVAL

Train operator SMRT could face possible sanctions by the Land Transport Authority (LTA) for allowing the use of its trains for private purposes. Anglo-Chinese School (Independent) yesterday chartered five MRT trains to ferry its students, staff and alumni to the Schools National C Division rugby final at the Singapore Sports Hub - the first schools final at the new National Stadium. An LTA spokesman yesterday said: "Under the Circle Line licence, SMRT has to seek LTA's prior approval for the provision of train services that are not open to the general commuting public. In this case, SMRT did not seek our approval before agreeing to provide the service. We are looking into the appropriate action to take.

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HDB resale, private home prices fall in first 3 months of 2014

Singapore home prices fell in the first quarter of this year from the last three months of 2013, data released by the Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) on Tuesday showed. HDB resale prices declined for the third consecutive quarter, dropping 1.5 per cent in the January-March period from October-December period.

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