Time to pay heed to weak participation in state land tenders  

THE authorities here work hard to maintain an adequate supply of homes and to ensure that prices do not run away.

Various measures have been imposed to keep speculation at bay, and to ensure financial prudence among home buyers, such as the loan-to-value ratio, total debt servicing ratio, mortgage servicing ratio, Additional Buyer’s Stamp Duty (ABSD) and Seller’s Stamp Duty.

On the public housing front, more Housing and Development Board (HDB) flats are being built to meet growing demand, and buyers of HDB flats in choice locations face tougher resale restrictions.