Time to pay heed to weak participation in state land tenders
The government could explore ways to raise developers’ participation at these tenders
The authorities here work hard to maintain an adequate supply of homes and to ensure that prices do not run away.
Various measures have been imposed to keep speculation at bay, and to ensure financial prudence among home buyers, such as the loan-to-value ratio, total debt servicing ratio, mortgage servicing ratio, Additional Buyer’s Stamp Duty (ABSD) and Seller’s Stamp Duty.
On the public housing front, more Housing and Development Board (HDB) flats are being built to meet growing demand, and buyers of HDB flats in choice locations face tougher resale restrictions.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Opinion & Features
Abandoned seafarers: an unacceptable face of the shipping industry
Proposed rules on shareholder-requisitioned meetings can reduce uncertainty
The Fed’s quantitative easing programme has cost too much
Climate philanthropy key to South-east Asia’s green transition
The demise of Scottish nationalism is a boost for the UK’s future
Without a game changer, Sentosa Cove condos will continue underperforming