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HDB’s annual deficit rise to $2.6 billion in FY 2019/2020

The disbursement of Central Provident Fund (CPF) housing grants, decrease in the sales of flats, and the expected loss for flats that are currently under development have been attributed for the figures. The Housing and Development Board (HDB) has announced an annual loss of $2.66 billion in the financial year ended 31 March, up from about $1.98 billion a year previously, according to its annual 2019/20...

Knight Frank sells property at 22% above opening price in first property auction since circuit breaker

At a land area of approximately 305.7 sqm (3,290 sq ft), the 2-storey semi-detached house has 51 years left in its leasehold tenure of 99 years. Image: Google Street View Knight Frank Singapore has sold a property at 14 Lorong Kismis for $1.32 million, or 22% above its opening price of $1.1 million at its first property auction since the circuit breaker, according to release on 23 October.  At a land...

OrangeTee: Singaporean home purchases hit new high in Q3, more buyers snapping bigger homes

Christine Sun, Head of Research and Consultancy at OrangeTee and Tie noted that people were more acutely aware of the need to acquire larger unit “to set up a dedicated workspace or small office at home”.  Singaporean home purchases hit a new high in the third quarter of 2020, accounting for 80.7% of total non-landed home buyers with 4,754 sales, according to an OrangeTee and Tie report. The figure is...

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