3 questions we have arising from Minister Desmond Lee’s comment on the S$270 million loss incurred for Central Weave (August 2022 Ang Mo Kio BTO)

Minister for National Development Desmond Lee said in Parliament on Tuesday (4 October) that HDB will incur an estimated development loss of S$270 million from the Central Weave @ Ang Mo Kio BTO.  The project was launched in the last HDB BTO exercise in late August. In particular, it drew significant attention during its launch,…

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Will the HDB Home Loan Interest Rate Increase in 2022?

The current HDB mortgage loan interest rate is 2.6%, but with growing interest rates and inflation concerns, will it be adjusted? We ask Paul Wee, Vice President, PropertyGuru Finance, PropertyGuru Group what this mean for Singaporean homeowners financing their HDB flat in 2022 and beyond.

Comment on 181.7 second timers are competing for each available unit at Central Weave @ AMK by Robert

I find it hard to believe the HDB is losing money on the flats it offers. Something is wrong if, at the new ridiculous high prices, HDB is losing money. Is this a case of creative accounting? The thing is that there are people like me who are cynical of what the government puts out. I find it hard to believe and trust the government. This government seems very mercenary and lacks empathy. I remember when HDB prices were really,really affordable that eg I was able to pay off my HDB loan for my then 4A-Rm within 5 years. Now, the young couple would have to be in debt for 25 to 30 years!

Why these 4-room HDB resale flats near the CRL Phase 2 stations show absolute potential

Over the past few weeks, there has been a spate of good and bad news. One good news is that the new 6 Cross Island Line Phase 2 MRT stations were announced, so homeowners near those stations will have something to rejoice about. However, the bad news is the cooling measures which came into effect…

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6 things we’ve seen in new launch showflats that just make sense to buyers

If you’ve been following 99.co, you’d know that we started visiting new launch condo showflats in 2022 and have written comprehensive reviews of them. From these visits, we’ve noticed several provisions that are becoming increasingly common in new launches. It’s also evident that developers have been taking notes from other new launches and getting to…

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