Singapore Property – Top 5 News Stories This Week #10

Here’s issue #10 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru).

1. HDB releases 2 EC sites for sale

The Housing & Development Board (HDB) has launched two executive condominium (EC) residential sites at Pasir Ris Drive 3 / Pasir Ris Rise and Yishun Avenue 7 / Canberra Drive for sale through public tenders.

 

2. Revised income ceiling rule to apply for 2 new EC sites

The revised income ceiling, as well as the tiered Central Provident Fund (CPF) housing grants, will apply to two executive condominium (EC) sites — Pasir Ris Drive 3 / Pasir Ris Rise and Yishun Avenue 7 / Canberra Drive — launched by the Housing & Development Board (HDB).

 

3. URA launches two residential sites

Two residential land parcels at Jalan Loyang Besar / Pasir Ris Rise and Flora Drive were launched by the Urban Redevelopment Authority (URA) for sale through public tender yesterday.

 

4. S’pore housing costs up 9.5% in July

The consumer price index (CPI) grew to a seasonally adjusted 0.6 percent in July, an increase from 0.4 percent in June, according to the Department of Statistics.

 

5. Revised income ceiling lowers COV expectations

Home owners eager to sell their flats seem to have lowered their expectations of getting large cash premiums, after the Housing and Development Board (HDB) raised the income ceiling for new flats and housing subsidies.

 

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