New income ceiling for executive condo applies to all

SINGAPORE: The revised S$12,000 income ceiling for executive condominiums (EC) will also apply to five projects launched before August 15 this year.

The Ministry of National Development said it made this change following public feedback to apply the new ceiling to projects launched before August 15, the date the new ceiling was announced for EC projects.

MND said it found the feedback sound as it will enable home buyers to enjoy a wider selection of EC units across projects and locations.

The five EC projects launched before August 15 this year still hold about 600 unsold units.

The five projects are: Esparina Residences and Austville Residences in Sengkang, The Canopy in Yishun, RiverParc Residence in Punggol and Blossom Residences in Bukit Panjang. 


More details at http://www.channelnewsasia.com

Source : MediaCorp Pte Ltd 

Comments

Post a Comment

Popular posts from this blog

Singapore property developers cautious about market outlook

SINGAPORE : Property developers seem pessimistic about the outlook for Singapore's real estate market in 2012, with some analysts foreseeing a five to ten percent drop in property prices this year. But market watchers also say the strong interest in recent property launches could defy these forecasts and even lead to more cooling measures. Celebrations continue but property developers are still in the dark about the outlook for Singapore's property market in 2012. Mr Wong Heang Fine, President, Real Estate Developer's Association of Singapore, said: "We are cautious. On the market going forward, it all depends on how the global economy goes in the next eleven months. So it's really anybody's guess." URA data shows the rate of price increase for private residential properties moderating for the ninth consecutive quarter with rentals also tapering off.  More details at  http://www.channelnewsasia.com Source : MediaCorp Pte Ltd by Yvon
Read more

Condos Future Launches

Project Name Street District Till Units Marina Bay Suites Central Boulevard 01 99 221 Unnamed Spottiswoode Park Road 02 FH 348 Sentosa Quayside Ocean Way 04 99 228 Unnamed West Coast Crescent 05 99 295 RV Residences River Valley Close 09 999 220 Paterson Suites Paterson Road 09 FH 102 The Vermont on Cairnhill Cairnhill Road 09 FH 123 Urban Suites Hullet Road 09 FH 165 Urban Resort Condominium Cairnhill Road 09 FH 64 Vivace Tong Watt Road 09 999 85 Waterscape @ Cavenagh Cavenagh Road 09 FH 200 Espada St Thomas Walk 09 FH 232 Nathan Suites Nathan Road 09 FH 65 Helios Residences Cairnhill Road 09 FH 140 Parvis Holland Road 10 FH 248 Trilight Newton Ro
Read more

Should you self trade or use a Fund Manager?

Image
Forex Managed Account Forex managed accounts are the service through which a professional fund manager or a group of professional traders with years of experiences and results personally handle the management and trading of your account in exchange for a monthly percentage of the profits (Profit Fee) on the account. The fund manager charges this Profit Fee only when generating profits, if there is no profit, then there's no Profit Fee. There is no other rate or charge or Management Fee. Though your trading account receives all the operations that the Fund Manager carried out, they never have access to the funds of the investor, the investor is the only person authorized to transfer, withdraw or deposit more capital to the trading account. The forex managed accounts are a relatively new service in the financial markets, at least for individual or retail investors. Previously this exclusive service was for banks and institutions with large capital, however the development
Read more