A tiered fines system for illegal parking will be introduced from next year, the Land Transport Authority (LTA) said on Monday. Under the new rules, motorists who receive their second offence notice within a year will have to pay more…
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Once upon a time, when HDB was first started in the 1960s, flats were really sold at close to cost and followed the model of true subsidized housing. In the 1970s, flats were sold on a cost basis, in other…
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The Housing Board’s deficit more than doubled in the last financial year, as building continues on the record number of new flats launched since 2011. In the year ended March 31, it incurred a $1.93 billion deficit on home ownership…
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HDB resale prices are expected to reach 2008 affordability levels by the third quarter of next year, a HSR report released last week said. Prices would need to come down by 6 percent to become affordable. But what does affordable…
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National Development Minister Khaw Boon Wan said on Monday (Dec 1) that housing policies will continue to support strong family formation, and more will be done to help extended families live close to each other in 2015. In a blogpost,…
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