Three out of 10 Build-To-Order (BTO) projects to be launched in the November sales exercise will come under the prime location public housing (PLH) model.
The sales exercise will begin on Nov 23, with the Housing Board launching over 9,500 units, National Development Minister Desmond Lee said in a Facebook post on Thursday.
Flat owners of the three PLH projects will have to pay a portion of the resale price or valuation, whichever is higher, to HDB when they sell their homes on the open market for the first time under a subsidy clawback clause. So far, the clawback for all PLH projects has been set at 6 per cent.
Bu hikaye The Straits Times dergisinin November 18, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Straits Times dergisinin November 18, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
A German initiative to keep workers employed by retraining them
Germany - When Mr Emrullah Karaca began working at a factory in Gifhorn, Germany, where the auto parts supplier Continental builds components for hydraulic brakes, he was looking for a temporary job after finishing high school.
Market watches data flows as it awaits a Fed pivot
Ironic as it may seem, weak economic data has become music to the market
Rex diversifies business but banks on oil, gas for short-term value
S’pore-listed company bets on drones, medical tech for future growth as fossil fuels phase out
More alumni of local unis return to school, but barriers remain
Costs, work and family commitments among constraints faced: NUS survey
Reclamation works in Woodlands not likely to adversely impact Mandai habitats
Resulting changes in water flow could be ecologically beneficial in long run: JTC, ICA
Sellers can list their flats on HDB portal from May 13
Service seeks to provide buyers and sellers access to secure transactions
Fierce fighting in Kharkiv region in Ukraine as Russia touts gains
Kyiv says its forces repulsing attacks, battling for control of settlements
Big, smoggy Bangkok gets a badly needed breath of fresh air
Expansion of Benjakitti Park has created an oasis for city dwellers and attracted wildlife
Tutor in Malaysia finds success using Tamil to teach Mandarin
Multilinguist goes beyond classroom to reach people on TikTok, Instagram
Young Taiwanese find it hard to buy a home as wealth gap widens
Workers want new govt to prioritise tackling stagnant wages, soaring housing prices: Poll
