The government will raise the qualifying income ceilings of households for HDB's Build-To-Order (BTO) flats and Executive Condos (EC), said Prime Minister Lee Hsien Loong in his National Day Rally speech on Sunday evening.
The qualifying income ceilings of households for BTO flats will be increased from the current S$8,000 to S$10,000, and for ECs from the current S$10,000 to S$12,000.
Many many stocks are priced for a rebound. In the 1 or 2 days before the Fed meets on Friday, there could be more volatility -- up & down. If Bernanke delivers a convincing speech and convincing measures to address US economic issues, the rebound could be strong. People should look to raise cash level in their portfolio then -- except for defensives such as construction plays which are going to be resilient in earnings. Just look at the orderbooks of coys like Lian Beng, Koon, etc running into the next 2 or 3 years.
One by one the construction contractors recognise that property development is lucrative, and they all want to be in too. Wee Hur is one of them. Lian Beng Group too.
recently Lian Beng announced plans to jointly redevelop Midlink Plaza after this property was acquired for S$126.8 million by a consortium of which Lian Beng holds a 19% interest.
The consortium considers to redevelop this property to a 16-storey hotel with about 450 to 500 guest rooms, pending relevant approvals from the authorities.
I guess such a move can only benefit Lian Beng (& the other construction turned property developers). Huat ah! 37 cents now.... looking for 50 cents....can?
NextInsight
a hub for serious investors
