Price of housing not likely to change

Feb 22, 2017 09.00AM |
 

DON’T expect the property market to change much after Budget 2017 and in the years to come. National Development Minister Lawrence Wong cautioned that existing property curbs will “stay for some time” and that Singapore has achieved a “soft landing” for the market with its measures – just the outcome it had been looking for.

The additional CPF housing grant announced on Monday (Feb 20) is also unlikely to have a significant effect on property prices, given that it is a buyer’s market and if sellers raise prices, buyers will simply move on to a better offer elsewhere. Volumes are expected to go up.

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Now is probably not the best time to ride your soon-to-be-expensive motorcycle into Malaysia. The trip back might be extra long as newly-deployed automated MBIKE customs lanes on the Johor side have malfunctioned for the second day in a row, causing hours-long tailbacks.

The Johor Immigration Department said that the breakdowns were caused by motorcyclists tailgating and damaging the gantries. The department also said that 38 motorcyclists had been detained for going through the gantries without providing their passports to the Immigration Department.

Coldhearted – some people are going around impersonating Singapore Heart Foundation volunteers, and armed with flag day stickers too! The Heart Foundation has made a police report about the miscreants, who were operating around Bugis Junction.

Bona fide Heart Foundation fundraisers are required to carry an identification badge and a copy of the Collectors Certificate of Authority issued by the National Council of Social Service, so if you’re in doubt, ask.

Heartbreaking – the body of hiker Steward Lee, reported missing by his family on Friday, has been found hanging at the top floor of multi-storey car park Block 468A Segar Road on Monday (Feb 20) night.

A widely shared appeal for information by his sister on social media kicked off a 70-man search through Mr Lee’s favourite nature reserves on Sunday. Police have classified the case as unnatural death and are investigating.

 

Featured image from TMG file.

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