HDBs-2-room-flexi-flats-booked-short-leases-hit-elderly-buyers

87% of HDB’s 2-room Flexi flats booked; Short leases a hit with elderly buyers

Most of the elderly buyers who booked flats under the two-room Flexi Scheme opted for shorter leases, the Housing Board said yesterday.

More than 2,100 – 85 per cent – of those aged 55 and above who bought these two-room Flexi flats since the scheme was introduced in August 2015 chose a shorter lease than the usual 99 years, HDB said in a press release .

https://www.tnp.sg/news/singapore/87-hdbs-2-room-flexi-flats-booked-short-leases-hit-elderly-buyers

Freehold Katong plot could fetch up to $61m

Freehold Katong plot could fetch up to $61m

A freehold plot in Katong has been put up for sale – another sign that the property sector is on the rebound.

Analysts expect keen interest for the site at 12 Amber Road, which is sandwiched between condominiums Amber Skye and King’s Mansion. It is near the upcoming Tanjong Katong MRT station that will be on the Thomson-East Coast Line due for completion in 2023.

Marketing agent JLL said that it anticipates offers between $56.6 million and $61 million for the 22,800 sq ft plot.

https://www.straitstimes.com/business/property/freehold-katong-plot-could-fetch-up-to-61m

 

Enhanced Proximity Housing Grant to Families Live Closer

Enhanced Proximity Housing Grant to Families Live Closer

Minister for Finance, Mr Heng Swee Keat, announced in the Budget Statement in Parliament that the Government will enhance the Proximity Housing Grant (PHG) to encourage married couples, singles, and their parents to live closer together, in the same flat or nearby, for stronger family support. Closer Families, Stronger Ties: Together Enhanced Proximity Housing Grant to Help More Families Live Closer.

 

Budget 2018, Buyer Stamp Duty

Budget 2018, Buyer Stamp Duty

Buyers’ stamp duty (BSD) for residential properties will go up from 3% to 4% with effect from tomorrow.BSD rates for residential properties today range between 1% and 3% and have remained unchanged since 1996. http://str.sg/oiKH

The new rate of 4% will apply to the portion of residential property value which is in excess of $1 million.

The rate for non-residential properties remains unchanged at 1% to 3%.