Stricter criteria for public housing in prime areas could deter new families, say property analysts

Stricter criteria for public housing in prime areas could deter new families, say property analysts

27/10/2021 4:07:00 PM

Stricter criteria for public housing in prime areas could deter new families, say property analysts

SINGAPORE — While newly-announced conditions for the purchase of public housing in prime locations are meant to encourage Singaporeans to live in these homes for the long-term, they could deter new families wishing to have children from buying such flats, said property analysts.

Read more: TODAY »

Indonesia's Semeru volcano erupts, killing 13 and injuring dozens

JAKARTA: The death toll from Indonesia\u0027s Semeru volcanic eruption on Java island now stands at 13, the spokesperson for the country\u0027s disaster mitigation agency (BNPB) told news channel Kompas TV on Sunday (Dec 5). Abdul Muhari said two of the 13 have been identified. BNPB previously said dozens have

MND announces stricter ownership criteria for HDB flats in prime areas, including 10-year minimum occupancy periodSINGAPORE — The Government is setting tighter criteria for homeownership for new HDB flats to be built in prime locations such as the Greater Southern Waterfront and the city centre and towns surrounding it. To reduce the risk of speculative buying, homeowners cannot sell these flats until they have lived there for at least 10 years. Singles, though, will not be allowed to buy these flats from the resale market even if they have turned 35 years old. Read on:

MND announces stricter ownership criteria for HDB flats in prime locations, including 10-year minimum occupancy periodSINGAPORE — The Government is setting tighter criteria for homeownership for new HDB flats to be built in prime locations such as the Greater Southern Waterfront and the city centre and towns surrounding it.

10-year minimum occupancy period for new flat owners in prime areas: HDBThe government will also limit the profile of those eligible to buy such flats in the resale market. For example, buyers are subject to a $14,000 household income ceiling, while at least one of them must be Singaporean.

Commentary: China needs bolder moves for growth after energy and Evergrande troublesTwin crises of power shortages and the possible collapse of a top property developer mean policymakers should not be complacent, says a China economist.

Survivors of 1965 Indonesia massacres urge UK to apologiseSurvivors and descendants of those massacred in Indonesia’s anti-communist purge of 1965-1966 are urging the UK government to apologise for its role in “one of the worst mass murders of the 20th century”.