>> ASIAONE / BUSINESS / MY MONEY / PROPERTY / STORY
Tue, Jun 02, 2009
AsiaOne
Unfair to favour mid-30s flat buyers

I REFER to the letter, 'Consider HDB buyers' age too' (my paper, May 20) by Ms Shirley Thong.

Based on our records, Ms Thong was invited to select a flat under the half-yearly sale exercise and Build-to-Order (BTO) exercise (Punggol Arcadia), launched in October and November last year, respectively.

This is notwithstanding the fact that her queue numbers were high, in her view.

She did not select a flat on both occasions. Flat applicants, regardless of age, will have their own reasons to buy a flat early.

The Housing Board is therefore unable to accord special consideration to applicants in their mid-30s as Ms Thong suggested, as it would not be fair to others.

First-time flat buyers like her are given additional help in flat applications.

This includes setting aside 90 per cent of the flat supply for first-timers and double the chances over second-timers in the ballot.

Mr Ignatius Lourdesamy
Deputy director
Marketing and projects
Housing & Development Board


For more my paper stories click here.

 

 
STORY INDEX
 
  High-end property starting to move
   
 
  Unfair to favour mid-30s flat buyers
   
 
  RM800m luxury project in Tg Rhu
   
 
  The Clift unit fetches 36% less just after a year
   
 
  S'pore home prices slide down the ladder
   
 
  Regent Garden majority owners' appeal rejected
   
 
  Developers readying for launches as activity rises
   
 
  Consider top-up rule when selling below valuation
   
 
  Developers dangle rent guarantees
   
 
  Gradual rise in home prices seen
   
>> RELATED STORY
For extra value, focus on yield
High-end property starting to move
Unfair to favour mid-30s flat buyers
The Clift unit fetches 36% less just after a year
S'pore home prices slide down the ladder

Elsewhere in AsiaOne...

Investor Relations: Vietnam's real estate market is booming

News: Allow for exceptions to big-dog rule in flats

Travel: New malls on the block: ION Orchard and Orchard Central

Motoring: Implementation of Free Parking Scheme

Digital: Just click for details about your HDB flat

 

We welcome contributions, comments and tips.
a1admin@sph.com.sg