Philip Chua Business Blog

Posts Tagged ‘board’

THE Housing Board has released 1,534 flats at two new projects, in the latest move to allay widespread fear of a public housing shortage.
Yesterday, it launched 750 build-to-order (BTO) units in Punggol and 784 in Woodlands. A further 1,000 BTO flats in Sengkang and Sembawang are slated for launch next month.
The launches are in line with the HDB’s plan to offer an islandwide spread of 7,000 BTO f… more

MANUFACTURING output increased by 14.4 per cent last month on a year-on-year (y-o-y) basis.

And excluding the volatile biomedical manufacturing cluster, output increased by 23.9 per cent.

The electronics cluster saw the biggest jump with a 57.3 per cent increase in output last month (y-o-y).
The Singapore Economic Development Board (EDB) attributed this to higher demand, coupled with the low b… more

THE Housing and Development Board (HDB) yesterday launched four new build-to-order (BTO) projects – including two highly anticipated developments in Queenstown – bringing the total supply of BTO units to 13,500 this year.
2,670 new units are being offered in the latest BTO exercise – the largest number of flats at any one launch in recent years, HDB said.
The Queenstown projects are SkyVille@Dawso… more

AGGRESSIVE promotions and new model launches combined with a three- week interval to push COE premiums up across the board.

There is usually a two- week break between bidding exercises for certificates of entitlement. So when it is longer than usual, more orders are collected – giving premiums a boost.

In yesterday’s tender, Category A, for cars below 1,600cc, jumped $1,313 to $18,502, while C… more

(SINGAPORE) Inflation is now expected to be higher in 2010, as a result of increased Housing and Development Board property values.
The government has revised its consumer price index (CPI) inflation forecast to between 2.5 and 3.5 per cent, from a one to 2 per cent range previously.
This is to account for the Inland Revenue Authority of Singapore’s recent revision of annual values of HDB properti… more

COE prices tumbled across the board in the latest tender yesterday.

RELATED LINKS
SURPRISINGLY SOFT

Motor traders said the market returned to its lethargic mood after sporadic sales promotions, held three weeks ago, fizzled out.

The COE premium for cars of up to 1,600cc took the deepest dive, ending 11.4 per cent … more

THESE days, both the Housing Board (HDB) and home buyers seem to be grappling, in their different ways, with statistics.
First-time home seekers have complained in recent media reports and in letters to The Straits Times’ Forum page that it is tough to get a new HDB flat. Some said they had failed to get a home despite trying as many as 18 times.
The HDB responded recently by releasing its own rec… more

It has been a busy month at the Central Provident Fund (CPF) Board.
Members have been flooding its offices and phone lines with questions about the new CPF Lifelong Income Scheme For The Elderly (CPF Life), which was opened last month to those aged 55 and above.
Almost 30,000 people have walked into its five service centres to ask about the scheme, said Mr Tey Chee Keong, deputy director of CPF Bo… more

THE Housing Board (HDB) has been swamped by 20,691 applications for 2,132 completed or near-completed flats – in a sign of red-hot demand for its homes.

RELATED LINKS

SOME POPULAR ESTATES

Applications for the flats – which are at various locations across the island, including s… more

Reuters – CIT Group Inc’s board was meeting on Thursday to consider a restructuring plan for the struggling commercial lender, a source familiar with the matter said.