HDB resale prices fell 0.3 per cent in February compared with January. Resale prices of HDB four-room, five-room and executive flats fell 0.2 per cent, 0.5 per cent and 1.7 per cent respectively, while those of three-room flats rose 0.2 per cent. This was according to the SRX Property Price Index for HDB Resale. Year-on-year, prices have decreased by 0.6 per cent from February 2016, and 11.5 per...
MORE help to first-timer homebuyers is underway, including shorter waiting time for build-to-order (BTO) flats in non-mature estates and quicker access to balance flats, Minister for National Development Lawrence Wong said. The Housing & Development Board (HDB) also aims to - by leveraging on technology - shorten and streamline the resale transaction process. The current process takes about 16 weeks to...
THE two largest property realtors in Singapore have yet to receive any cancelled prior sale submissions for resale flats following the announcement of bigger housing grants for first-time HDB buyers in the Budget reading on Monday. Finance Minister Heng Swee Keat had announced in Parliament that young couples buying a resale HDB flat for the first time will be enjoying higher subsidies of up to...
Qingjian Realty (South Pacific) Group on Wednesday laid the foundation for what it touts as Singapore's first Internet-ready executive condominium (EC), with the signing of a memorandum of understanding with telco Singtel and lifestyle app hiLife. iNz Residence will improve on the smart living features first seen in the Visionaire, launched last year by Qingjian Realty as the first EC with smart...
Final-year university student Belle Low has been looking to settle down with her boyfriend of four years. So far, her search for a first home has been concentrated largely on Build-to-Order (BTO) flats. But she said the increase in the CPF Housing Grant has opened up an additional option for them: the resale market. In his Budget statement delivered on Monday (Feb 20), Finance Minister Heng Swee Keat...
THE move to enhance the CPF Housing Grant for first-time buyers of resale HDB flats is expected to help sustain the recovery in resale transactions and stabilise resale prices. While most market watchers were not surprised that the government chose against tweaking any property cooling measure, such a boost in housing subsidy for resale flats did catch many off guard. Some consultants, including...
A total of 4,056 Build-To-Order (BTO) flats were launched in Punggol, Clementi and Tampines on Tuesday (Feb 14), the Housing and Development Board (HDB) announced. This is the first tranche of 17,000 flats to be launched in 2017, it said. Flats offered in this BTO launch range from 2-room Flexi to Three-Generation (3Gen) flats. The price range for these flats range from S$81,000 for a 2-room Flexi...
Prevailing market conditions may affect prices of new HDB units offered under the Sale of Balance Flats (SBF) exercises, said National Development Minister Lawrence Wong in Parliament on Tuesday (Feb 7). He was responding to a question by Workers' Party chief Low Thia Khiang on the pricing mechanism of units under Build-To-Order (BTO) and SBF exercises and why prices could differ for the same flat in...
THE Housing & Development Board (HDB) on Tuesday launched 4,056 flats for sale under the February 2017 Build-To-Order (BTO) exercise. The flats being offered in the first tranche for 2017 span across six projects in the non-mature town of Punggol, and the mature towns of Clementi and Tampines.They range from two-room Flexi to three-generation (3Gen) flats. A project in Woodlands, originally planned...
HDB resale prices fell 0.3 per cent in January compared to December, while transactions fell 13.9 per cent to about 1,174 flats resold, according to data from SRX Property released on Thursday. Consultants called the drop a blip and believe that prices of HDB resale flats are still continuing to stabilise. As for the double-digit drop in transaction volume, it could be due to the large supply of...
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