The Housing and Development Board of Singapore took action against 25 people who bought a public housing flat and broke the rule of having to live in it for a certain amount of time before selling it. These cases happened over the course of five years, from 2017 to November 2022. Out of the 25 cases, six people had their flats taken away from them by the authorities.
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If I didn’t invest all of my savings in the house, I would likely have squandered them unnecessary expenses like shopping and partying Taking on a large mortgage with no savings was difficult, but it proved to be one of Mr Tewari’s better financial moves, and he became a believer in long-term investing. Real estate […]
Property analysts predict that stricter rules for Built-to-Order (BTO) flats will result in fewer applicants beginning in August. These new rules include limiting the number of times a person can apply for a flat and requiring a longer minimum occupancy period before selling a flat. Analysts believe that this will increase demand for resale flats […]
Winning Lottery = Ballot success BTO? I recently met a couple who were over the moon about their “Prime” BTO win in Bukit Merah in previous BTO ballots. They felt like they’d won the jackpot. But as we looked at the numbers, the picture changed—it didn’t look like a lottery win; it looked like a […]