Daily Briefing: Property price correction attracts HK gaze; Govt releases land for 7,550 homes

And here are 6 little-known HDB schemes.

Singapore’s property market is bottoming out faster than Hong Kong. Boutique property investment firm Arch Capital Management is eyeing Singapore as its next investment target, as the property correction here is faster than in Hong Kong, reported the South China Morning Post. Read more here.

The government on Wednesday (8 June) launched four confirmed list sites and 11 reserve list sites under the second half 2016 Government Land Sales (GLS) Programme. These sites could yield a total of 7,550 private housing units and 277,100 sq m gross floor area (GFA) of commercial space, revealed the Ministry of National Development (MND). This is close to the 7,420 units in the first half 2016 GLS Programme. Find out more here.

Although the majority of Singaporeans live in HDB flats, not everybody is aware of each of the various schemes that HDB has doled out over the years. There are so many different schemes available on their website, so much so that going through everything in one sitting proves to be a rather daunting endeavour for people who do not have the luxury of time to sieve through the overwhelming amount of information on the HDB website. Read more here.

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