December 2020

In response to Minister Demond Lee's statement, suggestions such as imposing a shorter lease and a longer MOP have come into talks on how to make BTO prices within prime locations more affordable.

The sale comes after more than 80% of the owners have agreed to the collective sale subject to complying several conditions.

On 1 December, the Monetary Authority of Singapore (MAS) noted in its annual financial stability review that, as a result of an gradual uptrend in unsecured credit charge-off rate in Q3 2019, more households could “face difficulties in their housing payments” in the coming months. Examples of unsecured credit are credit cards and personal lines...

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The recovery in the labour market is expected to be drawn out. This comes as the economy’s uncertain outlook could have “dampening effects on income streams”, while the resident unemployment rate will likely “remain elevated” in 2021.

To ensure “inclusiveness and diversity”, the government intends to build a range of housing types in upcoming estates within prime locations, all while keeping resale prices "affordable for generations to come”.

Dr Cheong Koon Hean will step down as HDB CEO from 1 January 2021. Succeeding her is Mr Tan Meng Dui who, as NEA CEO, spearheaded the SG Clean campaign and was “instrumental” in the response of NEA to Singapore’s fight against COVID-19.

New HDB Build-To-Order (BTO) flats in Singapore’s prime locations, such as the upcoming the Greater Southern Waterfront, may come with “cooling measures” that limit resale prices, said National Development Minister Desmond Lee. He told Lianhe Zaobao on 29 November that he feels that the ‘lottery effect’ of well-located HDB flats, which could result in “windfalls”...

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The tender covers the installation as well as operation of over 600 charging points at more than 200 public carparks in industrial estates, housing estates, community centres and public parks.

The most obvious implication of your property annual value (AV) is property taxes. Here, we cover how you can check and calculate your property's annual value, as well as dispute it if you don't agree with IRAS' estimate.