Singapore Property – Top 5 News Stories This Week

Here’s issue #9 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru).

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1. Geylang Serai redevelopment plan unveiled

The Ministry of National Development (MND) yesterday revealed its detailed plans for the redevelopment of Geylang Serai.

2. Housing, employment are pressing issues amongst most S’poreans

Housing and employment are the main concerns of most Singaporeans, in their response to the recent National Day Rally speech delivered by Prime Minister Lee Hsien Loong.

3. Govt policy could put a lid on COV

Several homeowners are banking on the continued demand for resale flats by asking for higher cash-over-valuation (COV), according to an ECG Property expert.

4. Private home sales show dramatic rise

Sales of private homes in July 2011 rose nearly 40 percent month-on-month to 1,954 units, including executive condominium (EC) units, indicating signs of improvement from June’s subpar performance.

5. Govt raises income ceiling for HDB flats

The government has announced that the Housing and Development Board (HDB) will be raising the income ceiling for HDB flats, from S$8,000 to S$10,000.

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