Daily Archives: August 28, 2013 (9 Articles Found)

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HDB cuts loan tenure as interest rate hikes loom

To encourage financial prudence and mitigate an impending rise in interest rates, HDB announced yesterday that it would cut, with immediate effect, the maximum loan tenure from 30 years to 25 years for its housing loans, and reduce…

Latest property measures will boost leasing activity, say analysts

Property analysts today said the Government’s latest measures aimed at the public housing resale market will boost leasing activity. However, they are unlikely to affect the private residential market significantly in the coming months. The new rules bar…

New three-generation flats to be launched next month

HDB is taking another stab at encouraging multiple generations to live under one roof, with new three-generation (3Gen) flats to be launched at next month’s sales exercise in Yishun. The new flat type contains four bedrooms and three…

Some hotel assets held by Fraser & Neave’s Thai owner may be sold to F&N’s property arm that the conglomerate is spinning off into a separately listed entity. The hotels could eventually be injected into a Reit by…

Correction in home prices likely, says Wing Tai chairman

Wing Tai Holdings chairman Cheng Wai Keung yesterday warned that the probability of a price correction in the residential property market is high. The market has enjoyed eight years of price rises since 2005, he said, at the…

Income ceiling for Special Housing Grant (SHG) raised to $6,500 and extending the benefit to 4R flats. The new housing subsidies will cost the Government at least $150 million annually

PRs may go ‘private’ after resale flat curbs

Tighter housing loan limits and restrictions on PRs have been imposed for the purchase of HDB resale flats, which could drive up demand for the rental and private residential markets in the next three years. The latest series…

Newly minted PRs will no longer be able to buy a resale public flat immediately. Instead, they will now have to wait three years, as part of HDB’s new swathe of policy measures which was announced yesterday by…

KSH awarded multi-million dollar contract to build NEWest

KSH Holdings, the construction and property development group, has secured a S$98.94 million contract to build NEWest, a mixed-use development at West Coast Drive. The deal was awarded by developer Oxley Viva and will see KSH constructing 136…

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