Kovan Regency, a new development located in a mature housing estate is near to a host of amenities such as Kovan MRT station. Residents will enjoy a blend of recreational activities like shopping, fine dining or simply get your groceries at the shops, eateries and supermarkets which can be found around the neighbourhood NEX Shopping Mall, Heartland Mall and Hougang Mall. Residents with school-going...
General
Singaporeans can expect a few more million dollar Housing Development Board flats in the resale market soon. This is according to one property agent that Channel NewsAsia spoke to, who said the high asking price of some flats can be attributed to their prime location and large liveable space. The deal for a million dollar resale flat in Queenstown has been confirmed on Wednesday. It is a record amount...
Skies Miltonia, an upcoming new condominium located at the junction of Yishun Avenue 1 & Miltonia Close near Orchid Country Club. Standing at a height of 13-storeys, Skies Miltonia offers breathtaking view of the greenery and reservoir beyond. Skies Miltonia seats on an expansive land area of over 180,000 sqft. Residents will be able to enjoy full condominium facilities including a landscaped resort...
Responding to a Parliamentary question, Minister Khaw Boon Wan said that the Ministry of National Development (MND) is not rushing to complete the review of the Design, Build and Sell Scheme (DBSS) for HDB flats. This follows the suspension of the DBSS land sales a year ago. The DBSS was introduced in 2005 to give flat buyers more choices by allowing private developers to design and build some public...
With business costs have generally increasing, Singapore is no longer a low-cost business location as the government recognised. Trade and Industry Minister Lim Hng Kiang said this in a written reply to MP for Ang Mo Kio GRC, Inderjit Singh. Mr Singh asked if Mr Lim could provide data on the changes in labour and rental costs, and whether the increasing costs would make it difficult for Small and...
After several rounds of public consultation, the government has introduced the new Personal Data Protection Bill in Parliament. Industry watchers said the provisions in the Bill will bring about a sea change in the way organisations use personal information of individuals for tele-marketing. The Bill also spells out the penalties and these include fines, jail terms or both. Mr Christopher De Souza, a...
Senior Minister of State for National Development Lee Yi Shyan said there is inter-agency coordination to plan for necessary infrastructure ahead of demand, especially when new public housing projects are developed. So the Housing and Development Board (HDB) works with the Land Transport Authority for the construction of rail lines, expressways and major roads. Mr Lee said HDB also works with other...
The Housing and Development Board (HDB) will continue to explore ways to further reduce the delivery time for its building projects, said National Development Minister Khaw Boon Wan. He was responding to a question by Non-constituency Member of Parliament Gerald Giam on whether HDB aims to reduce the average waiting time for Build-to-Order flats (BTOs). Typically, BTO projects of 20 storeys and below now...
4.3 per cent, or 1,135 couples, who had booked a flat from 2009 to 2011 and the first half of 2012, cancelled their bookings and had to forfeit their deposit. Among these couples, 367 cited relationship break-up including annulment and divorce as the reason for the cancellation. Minister for National Development, Khaw Boon Wan, shared these figures in a written reply to Member of Parliament for Hougang...
Plans are under way to allow singles to buy new flats directly from the HDB in the future. Some analysts estimate that if the new policy is implemented, half the number of singles buyers in the resale flat market will move to Build-To-Order (BTO) flats. Analysts say this will cool the resale flat market, but only in two or three years' time when the BTO flats are completed. Latest data from local...