It has been announced that the HDB will be building more 2-room flats and studio apartments in the coming years, while lesser 3-room, 4-room and 5-room flats will be constructed. This was revealed from the Minister of National Development, Mr Khaw Boon Wan’s blog on 16th of December 2013. Part of his blog post also […]
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The introduction of new cooling measures to regulate the Executive Condominium (EC) scheme will encourage developers to be more conscious of the income ceiling of its potential buyers and their ability to afford the EC purchase. With the new Mortgage Servicing Ratio cap in place, EC buyers will be affected the most. The key question […]
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The Ministry of National Development have introduced three new measures that will be aimed to regulate the Executive Condominium scheme. This is to ensure greater parity to that of public housing and to improve the viability and sustainability of the EC market. The first measure will involve fees imposed when buyers cancel their EC purchase. Cancellation fees have been […]
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