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Gambling tycoon Stanley Ho buys bungalow from descendants of Tan Tock Seng for $145m
Gambling tycoon Stanley Ho buys bungalow from descendants of Tan Tock Seng for $145m

24 May 2016

Shun Tak Holdings, a company founded by gambling billionaire Stanle...


8,940 BTO flats launched for sale
8,940 BTO flats launched for sale

24 May 2016

A total of 8,940 flats were launched by HDB under the build-to-orde...


Privatised HUDC estates have gone en bloc
Privatised HUDC estates have gone en bloc

23 May 2016

Five privatised Housing and Urban Development Company (HUDC) estate...



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Singapore Property News

HDB to launch 18,000 new flats in 2016

Singapore's Minister of National Development Lawrence Wong on Wednesday said that the Housing and Development Board will launch 18,000 new flats in 2016, 3,000 more than what was launched in 2015.

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HDB to launch 18,000 new flats in 2016

The Business Times
Lim Meixian


Singapore's Minister of National Development Lawrence Wong on Wednesday said that the Housing and Development Board will launch 18,000 new flats in 2016, 3,000 more than what was launched in 2015.

This is to accommodate higher demand for new flats following new policies that were announced in August this year, including a higher income ceiling for new flats and tweaks to housing grant schemes.

Mr Wong said the broader plan remains to ensure that Singapore has a sustainable supply of housing over the longer term. He was speaking to reporters after visiting BTO project Tampines Greenlace, meeting families who had moved into their new homes.

He also said that HDB resale prices have come down over the past few years but in recent months, they have stabilised. "They have come to a point where resale prices are stable now at about the 2011 level, and if you look at resale transactions across the year, more than half of them were transacting at close to market levels.

Asked if this stabilisation means that the time is ripe for certain cooling measures to be unwound, he maintained that it is too early to talk about unwinding the measures. "We are continuing to monitor the market. The market has stabilised in the sense that resale prices have been coming down ... over the last few years.

"On the private property side, I think the decline has been in the last quarter or last few months, smaller than in previous years, so I think there are signs of stability, which show that there is still very healthy demand for housing.

"What happens next year remains to be seen. Certainly, there are changes in the broader environment. The Fed has increased interest rates. We can expect some slowing of the economy, so it may affect demand but we are watching all these indicators very carefully, and will make adjustments when necessary."

On the Fresh Start Housing Scheme, he also said that a series of conversations on the scheme has been completed and MND is starting to tweak and design the parameters and will provide more details early next year.

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Gambling tycoon Stanley Ho buys bungalow from descendants of Tan Tock Seng for $145m

Gambling tycoon Stanley Ho buys bungalow from descendants of Tan Tock Seng for $145m

24 May 2016

Shun Tak Holdings, a company founded by gambling billionaire Stanley Ho, has made its first foray into the Singapore property market.


Stars of Kovan: Lower than average indicative prices

Stars of Kovan: Lower than average indicative prices

23 May 2016

60 units of private condominium project Stars of Kovan have been at an average price of S$1,408 per square foot - lower than the average pricing that it had indicated ahead of the VIP pre-sale over the weekend.


8,940 BTO flats launched for sale

8,940 BTO flats launched for sale

24 May 2016

A total of 8,940 flats were launched by HDB under the build-to-order (BTO) and sale of balance flats (SBF) exercise in May, with one-quarter of the BTO flats located in the popular mature estates of Ang Mo Kio and Bedok.

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