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The Big Read: Rising prices, building delays young couples face perfect storm in quest for home sweet home
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The Big Read: Rising prices, building delays young couples face perfect storm in quest for home sweet home The delays couldn’t have come at a worse time for young couples eager to set up their very first marital home, newly-weds say.
In pre-pandemic days, prospective homeowners were waiting for about three to four years following a new launch for a flat under the BTO scheme. Now, they will have to add between six and nine months, or even a year in some cases, to the waiting game. (Photo: TODAY/Ili Nadhirah Mansor)
Singapore residential property market: Are cooling measures due soon after year of rising prices? Heart of the Matter Singapore residential property market: Are cooling measures due soon after year of rising prices? Record prices have been set in the private residential market and HDB prices have been rising steadily over the past year. What’s behind these .
29 Apr 2021 05:17PM (Updated: 29 Apr 2021 05:42PM)
Record prices have been set in the private residential market and HDB prices have been rising steadily over the past year. What’s behind these trends and who is driving demand? Significantly, does this point to a creeping wealth gap making HDB flats unaffordable for young first-time home buyers? Lin Suling speaks to Ismail Gafoor, CEO of PropNex and Dr Lee Nai Jia, Deputy Director of the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singa
SINGAPORE - Ms Ellen Neo, 29, and her fiance, operation executive Felix Lua, 36, were supposed to receive the keys to their three-room Build-To-Order (BTO) flat last December, and move in early this year. The couple, who have been together for six years, got a unit in Pine Vista in Geylang on their third try in 2017. They first balloted.
The Straits Times
BTO project delays dash hopes of moving in, starting families
Ms Ellen Neo and her fiance Felix Lua in front of their Pine Vista BTO flat which is still under construction.ST PHOTO: TIMOTHY DAVID
https://str.sg/Jyw6
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