Before there was such a thing as BTO flats, HDB flats were built BEFORE they were sold. In 1989, there was a massive oversupply of flats in Woodlands and Yishun. In response to the oversupply, HDB combined many unsold units into jumbo flats, effectively halving the number of unsold flats. What are HDB jumbo flats? ...
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In an effort to fight inflation and cool consumer spending, the US Federal Reserve has increased its interest rate by 75 basis points – its highest rate hike since 1994. This would set the Fed’s benchmark federal-funds rate – or in layman’s terms, the rate banks lend to each other – to between 1.5% and...
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BTO season is upon us again, and in this August 2022 HDB BTO review, we’ll be covering the quiet town of Choa Chu Kang. A population of 169,000 residents call the sleepy, serene estate home. Located at the north-westernmost point of Singapore’s west region, it used to be home to a kampung village and rubber plantations until...
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