Shortage of new HDB flats? Young couples must be realistic, says Mah

Shortage of new HDB flats? Young couples must be realistic, says Mah
 
Friday • February 29, 2008
 
LOH CHEE KONG
cheekong@…
 
AMID concern that young couples are being priced out of the public housing resale market, National Development Minister Mah Bow Tan said the Government spent, on average, $1.4 billion a year over the last five years on its [...]

Borrowers may face the music too

Borrowers may face the music too
 
Friday • February 29, 2008
 
Neo Chai Chin
chaichin@…
 
With more than 9,700 loanshark-related cases last year, and one in two cases of harassment affecting innocent parties, should the law be extended to penalise those who borrow from loansharks?
 
The Ministry of Home Affairs says it will consider this seriously after having previously [...]

Faint light at end of sub-prime tunnel?

Faint light at end of sub-prime tunnel?
 
But banks now have to deal with slowing economy
 
Thursday • February 28, 2008
 
Cheow Xin Yi
cheowxinyi@…
 
A heart-thumping sub-prime ride for local banks may be nearing a halt after two quarters of hefty provisions for risky investments.
 
But investors looking to banks repeating the double-digit earnings gain of recent years could be [...]

‘Unlocking’ value

‘Unlocking’ value
 
Lease Buyback Scheme to benefit the elderly
 
Friday • February 29, 2008
 
Tan Hui Leng
huileng@…
 
Some 25,000 households — or 70 per cent of elderly two and three-room flat owners — will qualify for the Housing and Development Board’s (HDB) new Lease Buyback Scheme (LBS) that kicks off next year.
 
The HDB will buy back the tail end [...]

URA launches sale of 11 land parcels at Sembawang Rd/Andrews Ave

URA launches sale of 11 land parcels at Sembawang Rd/Andrews Ave
 
SINGAPORE : The Urban Redevelopment Authority has launched 11 land parcels at Sembawang Road and Andrews Avenue for sale for landed housing development.
 
This is the second phase of the planned Sembawang Greenvale estate.
 
It is one of the eight residential sites on the confirmed [...]

Area around Singapore River to be revamped for F1 night race

Area around Singapore River to be revamped for F1 night race
 
SINGAPORE: The area around the Singapore River is getting a new look to give it a night-time buzz, and lighting will be a key feature in the makeover.
 
The Read and Cavenagh bridges will be fitted with programmable lights that produce different colours and patterns. [...]

URA launches sale of two transitional office sites in Newton area

URA launches sale of two transitional office sites in Newton area

SINGAPORE : The Urban Redevelopment Authority (URA) has launched the sale of two transitional office sites at Scotts and Anthony Roads in the Newton area.
 
The sites are being released under a government programme to meet the near-term demand for office space.
 
The two parcels [...]

DBSS tender for Bishan site awarded to Qingdao Construction

DBSS tender for Bishan site awarded to Qingdao Construction
 
SINGAPORE: Qingdao Construction Group Corporation has won a Housing and Development Board (HDB) tender to build public housing flats at a site in Bishan Street 24.
 
It submitted a tender price of S$135,888,777.
 
The site is the fourth to be offered under HDB’s Design, Build and Sell [...]

HDB’s new Lease Buyback Scheme to benefit 25,000 elderly households

HDB’s new Lease Buyback Scheme to benefit 25,000 elderly households
 
SINGAPORE : Some 25,000 households, or 70 per cent, of two- and three-room flat owners will benefit from HDB’s new Lease Buyback Scheme.
 
Under this scheme, the Housing Board will buy back the tail end of the flat lease from elderly owners, to help them unlock [...]

Proof must be furnished to update new addresses

Proof must be furnished to update new addresses
 
SINGAPORE: Those who apply to update their addresses on their identity cards will be required to furnish proof that they are indeed living at the addresses stated.
 
The move is to protect innocent victims from being harassed by loansharks.
 
Senior Minister of State for Law and Home Affairs [...]