Singapore cooling: Khaw grilled over EC scheme

By Romesh Navaratnarajah: In Parliament yesterday, MPs questioned National Development Minister Khaw Boon Wan about the executive condominium (EC) scheme and whether the government will review the EC policy and implement tighter measures to regulate the market. Mr Khaw shared that ECs are still relevant and aims to meet the aspirations of higher-income Singaporeans to
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Khaw addresses issue of pricey ECs

By Romesh Navaratnarajah: In his latest blog post, National Development Minister Khaw Boon Wan has spoken out on the recent controversy over the sale of expensive executive condominium (EC) units, like the 4,349 sq ft presidential suite at CityLife EC in Tampines that was sold for over S$2 million. Below is Mr Khaw’s full statement,
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Govt in no rush to resolve DBSS issue

By Romesh Navaratnarajah: As the government’s current priority is to increase the supply of executive condominium (EC) units and Build-to-Order (BTO) flats, it is not in a rush to finishing reviewing the Design, Build and Sell Scheme (DBSS). This follows the suspension of DBSS land sales back in July 2011 due to controversy sparked by
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Govt curbs shoebox mania

By Romesh Navaratnarajah: In a bid to provide ample supply of large and small homes that cater to the diverse needs of home buyers in Singapore, the Urban Redevelopment Authority (URA) has announced new guidelines to cap the number of shoebox units, particularly at all new non-landed private residential developments in suburban areas. With immediate
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Prices still too high even with 50-year loan

By Romesh Navaratnarajah: The mortgage industry has been buzzing of late with the introduction of a 50-year home loan applicable for HDB flats and private homes. However, National Development Minister Khaw Boon Wan has slammed the idea and urged Singaporeans to be more prudent when taking out financing for home purchases given the tough economic
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Flat buyers now have better chance, says Khaw

              By Romesh Navaratnarajah: The bumper supply of public housing this year has given more chances for both first-timers and second-timers to own their own homes, according to National Development Minister Khaw Boon Wan in his latest blog post. “The mega launch in March of a combined BTO (Build-to-Order)
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Shoebox units pushing down the value of non-landed homes

                            By Romesh Navaratnarajah: The popularity of small apartments pushed down the total value of non-landed homes by 22 percent last year compared to 2010, according to the latest report by CBRE. A total of 13,611 caveats were lodged for new non-landed
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New flats oversubscribed by over 3 times

                                The huge number of applications for the 7,978 Build-to-Order (BTO) and balance flats released a week ago has exceeded supply by over three times. Applications reached about 26,350 a few hours before closing yesterday. Balance flats drew the most
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HDB to launch bumper crop of 8000 flats

                          National Development Minister Khaw Boon Wan has said in his latest blog post that the Housing and Development Board (HDB) is set to release new flats to help other buyer groups, apart from first-timers. In a move to increase the Build-to-Order (BTO)
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HDB debarment period waived for divorcees with children

                  Divorcees with full custody of all their children will no longer be barred for five years from buying a second subsidised flat from the HDB. Khaw Boon Wan (pictured), Singapore’s Minister for National Development, also revealed that divorcees are no longer required to obtain prior consent
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