Allow potential buyers to make higher use of CPF to own a home Letter from ANTHONY TAN LIKE many first-time flat buyers, I am having great difficulty getting a Housing and Development Board (HDB) unit so that I can start a family. To buy a unit, you can either ballot for one or buy one on the resale market. But at last month’s balloting exercise, there were 5,147 applicants for 316 available units. It...
HDB News
Demand for ‘condo-like’ HDB flats outstrip supply by five times. APPLICATIONS for the second batch of condo-like HDB flats, near Boon Keng MRT station, closed yesterday, with demand outstripping supply by five times. As of 6pm yesterday, City View @ Boon Keng, part of HDB’s Design, Build and Sell Scheme (DBSS), attracted 3,499 applications for the 714 flats up for sale. About 50 more applications...
High price of DBSS flats mean buyers may have to spend a significant portion of their lives paying off loans THE recent launch of City View @ Boon Keng and the identification by the Housing and Development Board (HDB) of three more sites in Simei, Toa Payoh and Bedok for such developments has taken the price of public housing to a new level. When compared to other private properties in the area, it seems...
Some 8,000 people were at the sales launch of City View @ Boon Keng, the second batch of condo-style public apartments under the HDB’s Design, Build and Sell Scheme. And so far 1,100 people have applied to buy their dream homes in the 714-unit development, undeterred by the high average cost of $520 per square foot. City View @ Boon Keng is located on the city fringes and is within walking distance of...
In October last year, my fiance and I balloted for a flat at Telok Blangah Towers. There were more than 7,000 applicants for the 210 four-room units. We went to see his MP for West Coast GRC (my fiance lives one street away from the new development) and voiced our concerns. The MP helped us with a letter to the Housing and Development Board (HDB) stating that the both of us live within 2km of the...
The second batch of condo-style public apartments will be launched on 5 January. The apartments at City View @ Boon Keng, which will be completed in 2011, promise the trappings of private residential homes. But they will not come cheap. The project is part of HDB’s Design, Built and Sell Scheme (DBSS), where private developers build and market the flats. City View@Boon Keng is the second DBSS project,...