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City Developments to benefit from income ceiling hike
Well it still has 700 unsold EC units from Blossom Residences, so it figures.
In Singapore, Kim Eng expects CDL to moderate the pace of its new launches. High‐end projects such as Lucky Tower may not be rolled out until the jitters in global markets dissipate.
On the other hand, the raising of the monthly income ceiling from $10,000 to $12,000 to buy Executive Condo flats should benefit CDL, which still has about 700 unsold EC units from Blossom Residences and a yet‐to‐be‐launched site at Choa Chu Kang.
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