Flat buyers can now choose to keep up to S$20,000 each in their Central Provident Fund (CPF) when taking a loan from the Housing and Development Board (HDB), the housing board said on Tuesday (Aug 28). Previously, buyers would have to fully utilise the balances in their CPF Ordinary Account (OA) to pay for their flat before taking up an HDB loan. The move will provide flat buyers with "greater...
HDB flats in the new Punggol Point District with waterfront views could fetch 5 to 10 per cent more than units that do not overlook the sea, said property analysts yesterday. But they added that buyers will still be mainly focused on factors such as the apartment's proximity to transport nodes and amenities. Their insights came a day after the Housing Board announced details of the new Punggol zone,...
Besides improving retirement adequacy, the move to allow flat buyers to retain S$20,000 in their Central Provident Fund (CPF) Ordinary Account when taking up Housing and Development Board (HDB) loans would provide some relief and flexibility to homeowners who are retrenched or between jobs, said experts. Before the change, which took effect on Tuesday (Aug 28), buyers had to first use up the entire...
More than 2,000 flats located at a waterfront housing district in Punggol will be launched this month, the Housing and Development Board (HDB) announced on Sunday (Aug 26). The flats are within the first two housing projects for Punggol Point District and are expected to be completed in 2023. Punggol Point Cove will comprise five blocks with 1,172 units while Punggol Point Woods will have six blocks...
Apprehensions over ageing HDB leases might have eased to some extent after Prime Minister Lee Hsien Loong’s National Day Rally speech. Mr Lee did well to explain why HDB leases are limited to 99 years and cannot be indefinitely renewed, for the sake of future generations and for social and practical reasons. While understanding the reasons, Singaporeans can look forward to other options that could...
The Government’s commitment to long-term planning shown at this National Day Rally will be needed to continue the work of town redevelopment, and assure younger generations of Singaporeans of a vibrant and modern home. Where does an award-winning conductor who directs world-renowned orchestras call home? That question would likely summon images of a grand Beverly Hills mansion or a luxurious...
Less than a week after announcing long-term housing initiatives during the National Day Rally (NDR), Prime Minister Lee Hsien Loong on Friday (Aug 24) held up the success of the Government's home-ownership and asset enhancement policies, and chided those who claim that the 99-year leases of Housing and Development Board (HDB) flats is "merely extended rental and not a sale". "I find this argument...
By pursuing homeownership as a key national policy, the Government has improved the lives of Singaporeans significantly, Prime Minister Lee Hsien Loong said in a speech on Friday (Aug 24), following key announcements on housing policy at Sunday’s National Day Rally. "The Government has long pursued home ownership as a key national policy, for many good reasons," he said as he launched a book -...
The multi-pronged approach that the Government outlined this past week to resolve issues regarding the dwindling leases of HDB flats has by and large been well received by Singaporeans. The new announcements by Prime Minister Lee Hsien Loong at the National Day Rally (NDR) could not have been more timely. Concerns over depleting leases have plagued the HDB resale market, with demand for ageing flats...
It would be "unproductive" to play up expectations of homeowners due to the recently announced Voluntary Early Redevelopment Scheme (VERS) - a scheme to take back old Housing Board flats before their leases end, said National Development Minister Lawrence Wong on Tuesday (Aug 21). "All of us, including the media, (have) to make sure that we don't play up expectations of the market or ... get people all...
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