HDB raises income ceiling to $10,000

[WolfT]

Kazukiral, 700k at most can only get a 3 bedrm for RiverParc Residences.
4 rm abt 900k.

[kazukirai]

Kazukiral, 700k at most can only get a 3 bedrm for RiverParc Residences.
4 rm abt 900k.

Hi WolfT,

I'm not sure what they call it in ECs but my colleague got a unit that is a 3 bed-roomer with floor size the equivalent of a HDB 4-roomer hence I called it a 4-rm. Flr area is 990 sq ft. and at $700psf, that's approx. $700K.

Apologies for any confusion caused.

[Townboy]

Public housing issue is tricky because we human beings have too many needs...How to satisfy everyone? I think Mr. Khaw will shake his head after he read this.

From ST Forum:

http://www.straitstimes.com/STForum/Onli...02736.html

Build ECs at prime locations

I WAS heartened to hear of the raising of the income ceiling for build-to-order (BTO) flats as well as for executive condominiums or ECs ("HDB raises income ceiling to $10,000"; Monday).

However, when I checked the locations of the new ECs, I was rather disappointed.

New ECs are usually in outlying, suburban areas such as Sengkang, Yishun and Tampines, while prime sites in Serangoon, Clementi and Bishan are saved for private condominiums.

Since the beginning of last year, 13 condominium sites have been sold, out of which five sites are in prime areas such as Hougang, Bishan and Kallang. For the same time frame, 11 sites for ECs have been sold and all the areas are in outlying areas.

Given that the Urban Redevelopment Authority and the Singapore Land Authority conduct land sales for private residential areas and most of such land are in central locations, shouldn't more central HDB sites be saved for ECs as well?

Koh Chin Chin (Madam)