Owners of flats at Segar Meadows' newly-completed block received the keys to their new homes on Saturday. Segar Meadows is a newly-completed Build-To-Order (BTO) project in the Bukit Panjang area. Environment and Water Resources Minister Vivian Balakrishnan, who is also an MP for Holland-Bukit Timah GRC, and his fellow MP Liang Eng Hwa were guests-of-honour at the completion ceremony. They handed over...
General
The six new BTO projects announced yesterday are spread out over four estates, namely Punggol, Pasir Ris, Tampines and Woodlands. Offering almost 4,000 units in all, these projects - Costa Ris and Golden Lily in Pasir Ris, Punggol Parcvista, Tampines GreenLeaf, Tampines GreenWood and Woodlands Peak - comprise flats in various locations and sizes to meet the different needs of home-seekers. Two of the...
Just days into his new job as National Development Minister, Mr Khaw Boon Wan (picture) has instructed the Housing and Development Board (HDB) to build flats "ahead of demand" - a significant change in policy from the "Build To Order" (BTO) approach which has been in place for the past 10 years. Mr Khaw's announcement coincided with HDB's launch of six BTO projects - the largest number launched at once....
National Development Minister Khaw Boon Wan has told HDB to build ahead of demand during this period of robust demand. Writing in his ministry's blog, Mr Khaw said the orders will definitely come, and HDB should call a tender as soon as architectural drawings and tender documents are ready. Currently, a tender is called only after 70 per cent of orders have been confirmed - hence "Build-to-Order" (BTO)...
The HDB is offering homebuyers close to 4,000 new flats in six Build-to-Order (BTO) projects launched on Friday - the largest supply of BTO flats in a single launch. It surpasses the 3,185 BTO flats offered last month. The BTO projects launched on Friday are at Costa Ris and Golden Lily in Pasir Ris, Punggol Parcvista, Tampines GreenLeaf, Tampines GreenWood, and Woodlands Peak. At least 95 per cent of...
The biggest news for the real estate industry after the General Election has to be the appointment of Mr Khaw Boon Wan as the new Minister for National Development. Together with other new ministers, he will "have a free hand to rethink and reshape policies", Prime Minister Lee Hsien Loong has said. Mr Khaw has acknowledged that the issue of housing is red-hot with widespread unhappiness and he has...
Small apartment or condominium units - including the smaller "shoeboxes" - have captured the attention of the residential property market here in recent years with their popularity among buyers and the high per-square-foot prices that they are able to command. This trend towards small units is also occurring in major cities such as London, Tokyo and Hong Kong. It is part of an evolutionary process where...
Commercial property leased out by investors in the Asia-Pacific, or invested stock, increased 14 per cent last year, displaying the region's flourish while markets in Europe and the United States languished, according to the yearly Money into Property report by real estate consultancy DTZ. The Asia-Pacific's invested stock is also forecast to match current global leader Europe's level by rising to US$4.4...
Savills Singapore has reported that the prices of non-landed luxury homes it monitored remained steady in the first quarter of the year. Savills’ data showed that the average price of non-landed luxury private homes remained steady at S$2,269 psf in the first quarter, rising marginally by 0.5 percent quarter-on-quarter from S$2,258 psf in the last quarter of 2010. The average price of “super...
Executive condos (EC), a hybrid of private and public housing, are now returning to the spotlight. On 26 May, the government launched the 11th EC site since 2010, a plot in Punggol that can house around 720 homes. Meanwhile, Chip Eng Seng and NTUC Choice Homes recorded rapid first-day sales for their Belysa project in the Pasir Ris / Elias Road area. Of the 315 units, 147, comprising three- and...