Tag Archives: Straits Times 1 Jul 2014

MINISTRY OF NATIONAL DEVELOPMENT: TOO EARLY TO RELAX PROPERTY COOLING MEASURES

The MND's comments came as prominent developer Kwek Leng Beng warned of a potential impact on Singapore's reputation as a global city, and called for a review of the policy measures. The National University of Singapore's Residential Price Index out yesterday showed that prices of resale homes climbed 0.8 per cent in May from April, after falling for nine months. The Urban Redevelopment Authority's flash estimates for private home prices will be out today.

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KWEK LENG BENG: RIGHT TIME TO REVIEW COOLING MEASURES

VETERAN property developer Kwek Leng Beng fears Singapore could lose its edge as an investment destination unless the Government reviews its property cooling measures. Mr Kwek, executive chairman of Hong Leong Group Singapore and City Developments, said foreigners were choosing to plough their investment dollars into countries like Britain, Australia and the US over Singapore, while Singaporeans have been investing abroad.

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1.6 million S’poreans to get GST Voucher letters

The Ministry of Finance (MOF) yesterday said 1.6 million Singaporeans will receive letters this week outlining the various benefits they will be getting. These include the 2014 Goods and Services Tax Voucher (GSTV), 2014 GSTV Special Payments, five-Year Medisave top- up as well as the Service and Conservancy Charges rebates. The MOF said about 1.3 million Singaporeans will receive the GSTV-Cash on Aug 1.

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Q&A WITH DEFENCE MINISTER NG ENG HEN

I'm race-neutral... If you believe in the defence of Singapore, we want you, whatever the colour of your skin. While others have encouraged (the senior) Malay commanders to step forward (and be identified as Malay), some of them have been reluctant to do so. They say: "Why should I do it? Because, you know, I'm put in this position, not because I'm a Malay, so why should I come out as a Malay?" I will respect that but neither am I discouraging them from coming out to say so.

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