SINGAPORE, Aug 14 (Reuters) - Singapore will build more low-cost apartments and allow a larger number of citizens to buy homes directly from the government to address concerns about rising property prices, Prime Minister Lee Hsien Loong said on Sunday.
Lee said his government will let families with combined monthly incomes of S$10,000 ($8,240) or less buy apartments directly from the Housing and Development Board (HDB) at a cheaper price. The government had previously set a ceiling of S$8,000.
In my opinion, the developers with BTO and EC will benefit from the above changes as more people can now purchase the BTO and EC. Nonetheless, the impact to private property developers is minimal as majority of the private property buyers are from China, Indonesia and Malaysia.
Source from: http://sg.finance.yahoo.com/news/Singapore-sell-lower-cost-rsg-1433948294.html?x=0
Subscribe to:
Post Comments (Atom)
View All My Posts Here
-
►
2015
(4)
- ► March 2015 (1)
- ► February 2015 (3)
-
►
2014
(191)
- ► December 2014 (2)
- ► November 2014 (8)
- ► October 2014 (8)
- ► September 2014 (6)
- ► August 2014 (51)
- ► April 2014 (5)
- ► March 2014 (10)
- ► February 2014 (19)
- ► January 2014 (20)
-
►
2013
(175)
- ► December 2013 (12)
- ► November 2013 (7)
- ► October 2013 (12)
- ► September 2013 (7)
- ► August 2013 (31)
- ► April 2013 (20)
- ► March 2013 (8)
- ► February 2013 (13)
- ► January 2013 (18)
-
►
2012
(132)
- ► December 2012 (43)
- ► November 2012 (11)
- ► October 2012 (7)
- ► September 2012 (31)
- ► August 2012 (20)
- ► March 2012 (1)
- ► January 2012 (5)
-
▼
2011
(226)
- ► December 2011 (10)
- ► November 2011 (11)
- ► October 2011 (8)
- ► September 2011 (24)
-
▼
August 2011
(48)
- Chip Eng Seng Update - $113 MILLION CONTRACT by HDB
- Iskandar Malaysia - Progress (August 2011)
- Free you mind so that you could get the financial ...
- Risk & Return, key element in Investment?
- Will Singapore continue its growth for this half o...
- Time = Money
- Do you like free seminar talks?
- 大是小,小是大
- Steve Jobs resigns as CEO, named chairman
- Mah Sing Update - August 2011
- Risk Adverse is true, but only to certain extent...
- Genting Singapore - Up or Down?
- Passion is the Key Factor to Success in Your Inves...
- My Portfolio Asset Allocation
- What is SGX and its Members
- Open Letter to the Young Investors
- Asset Allocation - Key Part in Personal Portfolio ...
- Mah Sing 2Q 2011 Result Short Revew
- CFA Level III Result Released
- Investment Ideas Come From The Things Around You
- Chart Nexus
- Foreign worker policy tightened in Singapore
- Singapore HDB income cap rises
- What is the next direction after the U.S. Market C...
- Public Transport System Comparison in between Pena...
- Chip Eng Seng 1H Report Short Review
- Arbitrage - another way of arbitraging
- Chip Eng Seng's Net Profit drop 14%
- Bangkok Fast Food Restaurant
- Bangkok bus transport system
- KL Sentral
- My Projection on Mah Sing's Earning for the next 2...
- Should we hold our stock when the market crashes?
- 4 Days 3 Nights Trip - (KL, Bangkok & Penang)
- Reached 30k Pageviews Within 5 Months
- Investment is a lonely journey
- My thought on U.S market
- Focus on what you do best
- Portfolio Rebalancing in Long Term Investment
- A Diagram that I think Portfolio Rebalancing Shoul...
- My Rough Calculation on recent Mah Sing's Land Acq...
- Mah Sing's Acquisition In Progress
- What is your desire retired age range?
- Progress on the Iskandar Malaysia Train System
- Salary is the most important thing for graduates
- A visit to My Manhatten @ Simei Site by Chip Eng Seng
- Behavioral Finance
- Can Gold Replaces USD as the main Foreign Currency...
- ► April 2011 (17)
- ► March 2011 (10)

No comments:
Post a Comment