First-time home buyers are getting lots of help these days. Lenders, like OCBC Bank, have made the language used in home mortgage-related documents simple and plain. OCBC has rewritten in plain English its documents related to securing HDB home loans. The bank secured the so-called "Crystal Mark" granted by London-based Plain English Campaign to companies that are able to effectively communicate with the...
General
National Development Minister Khaw Boon Wan on Wednesday said while he has asked HDB to put up more Build to Order (BTO) projects in mature estates, it will not be possible for many of them to benefit from this development, certainly not in the short term. Writing in his blog, Mr Khaw said this is because most of the mature estates are substantially built up, and there is limited land for public...
A new shopping mall and office block will spring up next to the Jurong East MRT station. Announcing the plans, CapitaMalls Asia, CapitaMall Trust and CapitaLand said the total development cost is expected to be about S$1.5 billion. They had submitted the top bid of about S$969 million for the site. Subject to planning approval from the Urban Redevelopment Authority (URA), the shopping mall is expected...
The Eunosville HUDC Estate was privatised on Wednesday. With the privatisation, the individual owners of the 330-unit estate now own their respective units, as well as the common property such as the car parks and open landscaped areas. HDB said the Marine Parade Town Council will therefore cease its responsibility in the management and maintenance of the common properties of the estate with effect from...
Global Logistic Properties (GLP) said its Japanese operations are back on, after being hit by the Japanese earthquake in March. It said its warehouse in Sendai, the epicentre of the earthquake, should be up and running by end of June. GLP said there will be high demand for modern logistic facilities once Japan begins rebuilding its supply chain networks. The Japanese earthquake in March caused minor...
Analysts expect COVs and private home prices to fall gradually The flurry of housing announcements in recent days has increased optimism among home-seekers, especially those who have been unsuccessful in their house-hunting efforts. Property analysts who spoke to Today noted, however, that the additional supply and a review of the income ceiling for buyers of new Build-to-Order (BTO) flats will be "no...
The Urban Redevelopment Authority (URA) released two commercial sites under the Reserve List of the Government Land Sales Programme yesterday. The first - a 2.07 hectare 99-year leasehold site at the junction of Sims Avenue and Tanjong Katong Road - can yield about 87,000 sq m of gross floor area and is slated to be a mixed-use development comprising office, hotel and retail uses. The URA said at least...
As home prices continue to climb despite four rounds of cooling measures, the Government is releasing more land to meet demand. The Housing and Development Board (HDB) will release an Executive Condominium site at Upper Serangoon View today under the Reserve List of the Government Land Sales (GLS) Programme for the first half of this year. The site can yield some 420 housing units. Developers can submit...
The Housing and Development Board (HDB) has received nine bids for the sale of a site at Pasir Ris Central/Pasir Ris Drive 1. The 16,300 square metre site is designated for public housing under the Design, Build and Sell Scheme (DBSS). It was launched on March 16 and the tender closed at noon on Tuesday. The top bid of about S$123.88 million came from Singxpress Land and Kay Lim Holdings. It works out...
The Urban Redevelopment Authority (URA) has released the detailed sales conditions for a hotel site located at Race Course Road and Perumal Road on Tuesday. With a land area of 0.38 hectare, the hotel site can generate a maximum permissible gross floor area of about 13,500 square metres with a lease period of 99 years. The hotel site is next to Sri Srinivasa Perumal Temple and is located near the...