Daily Briefing: COE results generally higher in October’s first bidding; Over 85% of first 242 units at Marina Bay condo sold

And more money spent for HDB upgrading, minister says.

The results for October’s first Certificate of Entitlement bidding ended generally higher on Thursday, with premiums for goods vehicles and buses seeing the highest increase. View more here.

Due to high interest, some 242 units at Marina One Residences were released to local and foreign buyers during its preview phase, up from the 150 to 200 apartments that were initially made available. View more here.

Speaking in Parliament on Wednesday, National Development Minister Khaw Boon Wan said the cost cap for the Neighbourhood Renewal Programme (NRP) will be raised to $4,700 per flat from the previous amount of $3,400. This is to pay for additional works. View more here.