The details of the Lease Buyback Scheme's (LBS) extension to all flats should be ready by early 2019, Minister for National Development Lawrence Wong said on Friday (Nov 16). The announcement that the LBS would be extended to cover five-room and larger flats was made in August this year. Under the LBS, flat owners aged 65 and above who meet several other criteria can sell part of their flat's lease...
Condominiums and private apartments rentals dropped for a second straight month, slipping 0.7 per cent in October from the previous month, according to SRX on Wednesday. This came after rents dipped 0.5 per cent in September, with the figure revised by SRX from a 0.4 per cent decline. After barely budging in 2018, private market rents are now down 0.1 per cent from a year ago - but are a hefty 20...
The Housing and Development Board (HDB) launched 7,214 flats for sale on Tuesday (Nov 13) under the November 2018 Build-To-Order (BTO) and Sale of Balance Flats exercise. A total of 3,802 BTO flats are being offered in five projects: Four in the non-mature towns of Sembawang, Sengkang, Tengah and Yishun, and a fifth in the mature town of Tampines. Another 3,412 flats have been offered in the Sale of...
Resale prices of Housing Board (HDB) flats dipped 0.2 per cent in October from September, according to flash estimates released by real estate portal SRX Property on Thursday. October's prices were down 14.3 per cent from its peak in April 2013, and also marked a 2.1 per cent decrease from the same month last year. Three-room flats and five-room units saw a price increase of 0.8 per cent and 1.5 per...
Two trends are reshaping Singapore’s housing landscape. Today, almost 1 in 6 Singapore resident is 65 or older. That’s 548,000 senior citizens. By 2030, every 1 in 4 residents will be 65 and above – residents who might want to unlock the value of their homes for retirement income or downgrade to a smaller house after their children have moved out. Rising singlehood is the second...
The number of HDB resale flats sold rose by 18.9 per cent in the third quarter of 2018 as prices dipped slightly, according to figures released by HDB on Friday. There were 7,063 resale flat transactions in the third quarter, up from 5,941 in the second quarter. A 21.6 per cent increase, compared with the same period in 2017. Meanwhile, the resale price index went down by 0.1 per cent, from 131.7 in...
The Housing Development Board (HDB) incurred a net deficit of S$1.7 billion in the financial year 2017/18 as compared with S$1.2 billion in the previous year. According to its annual report released on Monday (Oct 22), HDB recorded a deficit of S$2.4 billion from "Housing Activities", offset by a surplus of S$749 million from "Other Activities", making it a net deficit of S$1.7 billion before government...
HDB resale prices dropped 0.7 per cent in September from August, and by 2.1 per cent compared to a year ago, according to flash figures released by SRX Property on Thursday. August's slight 0.1 per cent month-on-month gain in HDB resale prices was revised down to unchanged by the real estate portal. For September, four-room flats recorded a price increase of 0.6 per cent from August, while...
National Development Minister Lawrence Wong has turned down an MP's suggestion that the Government buy back HDB flats from owners who cannot sell them because of the Ethnic Integration Policy (EIP). "The EIP is an important policy that is applied to all ethnic groups consistently," Mr Wong said in Parliament yesterday. He was responding to Mr Lim Biow Chuan (Mountbatten) who had proposed helping...
Home owners made a total of about 1,600 appeals between 2015 to 2017 to waive the ethnic integration policy, said National Development Minister Lawrence Wong in Parliament on Tuesday (Oct 2). Mr Wong was responding to a question from Workers' Party chief Pritam Singh, who asked if there were statistics on how much feedback the Housing and Development Board (HDB) has received from minority races on the...
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