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Posts Tagged ‘demand’

HDB will act if needed

Posted by jtsmyth8 on January 22, 2008

The Housing and Development Board (HDB) cannot accurately predict demand for HDB flats years down the road. However, it will be flexible and boost the supply of flats when needed, Minister of State for National Development Grace Fu said on Tuesday.

Ms Fu gave this assurance in response to a question from Mdm Cynthia Phua , MP for Aljunied GRC, who wanted to know how long newly married couples can expect to wait for a new flat.

With rising property prices and surging demand for HDB flats, some young couples have reportedly had to postpone their customary wedding ceremonies because they could not get a flat in time. (story)

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Nano technology big in Singapore

Posted by jtsmyth8 on December 3, 2007

Some 40 local and foreign nano technology companies have set up shop here, dealing in anything from chemical engineering to cosmetics, a significant increase from just 10 companies three years ago.

‘The beauty about nanotech is that it is an enabling technology – it can be applied in any industry,’ said Spring group director of quality and standards Teo Nam Kuan.

Consumer demand for the industry is expected to grow to $1.05 trillion globally by 2010, said Minister of State for Trade and Industry S. Iswaran at the opening of the one-day Nanosymposium on Monday at the Biopolis.

But with such a wide array of applications, nano technology – the art of producing things on a molecular scale – unfortunately still lacks a unified set of standards and protocols, he noted.

The majority of nano technologies have yet to be commercialised, as uniform standards have yet to be established.

Interestingly, there are over 16,000 standards governing the production and use of anything from credit cards to DVDs and social enterprises, but none for nano technology. (story)

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Government axes deferred payment scheme

Posted by jtsmyth8 on October 26, 2007

The deferred payment scheme that allowed homebuyers to postpone payments on new property was scrapped without warning by the Government last night. It said the strong economy and property market allowed it to axe the scheme, a move that will also deter speculators and force people to be more prudent when committing to pricey real estate.

It was a response to signs of overheating in the market, said National Development Minister Mah Bow Tan said last night.

‘There’s a danger that we may feel over exuberance in the market. There’s also a danger that it may actually encourage excessive speculation,’ he said.

Buyers will now have to make progressive payments in step with the construction process, instead of deferring payment until the property is completed a few years down the track.

Experts tip prices and sales will be hit although the impact may not be significant given the robust demand.

(story)

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