Your Daily Update
HDB reviews jumbo conversions, ICA scam losses hit S$8.8m, and Post Malone fills the National Stadium
Friday's Singapore Daily Update — ten stories on HDB's conversion-scheme review, ICA impersonation scams, STI's 5,711 close, SAFE hawker grades, and the first Post Malone stadium concert.
OpinionJumbo Flat Listings Force a Choice on HDB Conversion Rules
A S$2.18 million asking price for a converted Telok Blangah flat shows how a scheme built to house multi-generation families can be repriced as a speculative asset. HDB's review should lengthen holding periods and steer converted flats back toward the households the scheme was designed for.
Today's picks
EntertainmentPost Malone Brings Big Ass Stadium Tour to National Stadium With Don Toliver
HealthParliament Told SAFE Food Grades Reward Year-Round Hawker Track Records
TechnologyMetaOptics Sets Up Level 1 OTCQX ADR Plan Without Diluting SGX Catalist Float
StocksSTI Closes at 5,711.12, Up 0.5%, as Far East Orchard London Deal Lifts Sentiment
LifestyleSFA Probes Crow Pecking Raw Meat Left Outside Koufu Pioneer Mall Food Court
SecurityICA and Police Say S$8.8 Million Lost to Officer Impersonation and Fake PR Ads
Credit CardsAspial Lifestyle Prices S$75 Million Five Percent Notes Due 2031 for Retail Investors
BusinessCSE Global Wins US$150 Million LNG Electrical Contracts Tied to Calcasieu Pass 2
PoliticsHDB to Review Conversion Scheme After Telok Blangah Jumbo Flat Listed at S$2.18 Million
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CSE Global Wins US$150 Million LNG Electrical Contracts Tied to Calcasieu Pass 2
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HDB to Review Conversion Scheme After Telok Blangah Jumbo Flat Listed at S$2.18 Million
HDB is reviewing the jumbo flat conversion scheme after a 1,465 sq ft Telok Blangah unit was listed at S$2.18 million — more than 40 per cent above comparable resale flats. No resale application has been filed, and the listing has since been cut to about S$2 million.