Singapore Property Update

Daily real estate news, advice and strategies for aspiring property investors

Lawrence Wong: Property prices would have increased by 15% without cooling measures

The prices of Singapore properties would have increased by up to 15 percent this year without the cooling measures introduced in July, said National Development Minister Lawrence Wong. Speaking at an anniversary dinner organised by the Real Estate Developers’ Association of Singapore (Redas), Mr Wong stressed that the Government cannot take its eyes off the property […]

HDB has every right to confiscate your flat for mortgage arrears and major infringements

Being the superior landlord of all HDB flats in Singapore, HDB retains the ultimate right to confiscate the flats of lessees for mortgage arrears and illegal subletting. From January 2012 to December 2014, HDB seized 202 flats in compulsory acquisitions against lessees who have committed major infringements, such as unauthorised subletting of their flats or refuse […]

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