Singapore has one of the highest homeownership rates in the world — 87.9% as of 2020 — remarkable in a city-state not known for cheap housing. Or cheap anything, really. We largely have the HDB to thank for this impressive statistic. The housing board’s heavily-subsidised BTO (Built-to-Order) flats put homes within reach of lower- to...
The post Should we raise the BTO income ceiling again? 4 reasons not to. appeared first on 99.co.
For 30-year-old recently married couple, Clara and Elvin, finding a home isn’t necessarily all about whether they can eventually sell it for a profit or if it comes with full facilities like a lift. Having worked in the technology sector for 5-7 years, they’ve learned that finding a perfect home requires hard work, research and...
The post Thirty-year-old couple forgoes BTO/SBF queues for Tiong Bahru walk-up with 51 years lease remaining appeared first on 99.co.
In a land-scarce country like Singapore, Good Class Bungalows (GCB) are highly respected as a legendary symbol of wealth and power – and with good reason. First introduced into Singapore and Malaya in the 1830s by the British, these majestic houses are commonly nestled in a vast swathe of land and surrounded by lush expanses...
The post What’s with all the hype around Singapore’s GCBs? appeared first on 99.co.
The Urban Redevelopment Authority (URA) published February’s data on “private residential units sold by developers” or new home sales on Tuesday (March 15). For last month, developers only managed to sell 527 units. The sales volume is the lowest in 21 months, with 21.9 percent drop from 673 units in January. It is also a... [read more]
The post Gloomy days ahead for new home sales appeared first on Property Soul.