The resale prices of Housing and Development Board (HDB) flats inched down slightly by 0.1 per cent on-month in April, SRX Property said on Thursday (May 5). The price decline was driven by five-room flats, whose resale prices fell by 0.9 per cent. In contrast, the resale prices for three-room flats and executive flats rose 0.6 per cent and 0.1 per cent, respectively, and prices for four-room flats...
HDB News
There will be a bigger upgrading budget and shopowners will have to bear less of the cost to upgrade their shops as part of the enhanced Revitalisation of Shops (ROS) Scheme, the Housing and Development Board (HDB) said on Monday (May 9). The ROS upgrading budget for each HDB shop will be increased by 75 per cent from S$20,000 to S$35,000 per shop, according to the press release. To encourage more...
THE strong interest expressed for recent executive condominium (EC) projects in the form of e-applications have not resulted in actual launch sales - a trend industry players say is pointing to a potential supply overhang of ECs in the short-term, one which could take one to three years for the market to digest. Though most of them say a conversion rate of 20 to 30 per cent from e-applications would be...
RESALE volumes of HDB flats rose in April as prices continued to moderate by 0.1 per cent from a month ago, figures from SRX Property on Thursday shows. According to HDB resale data compiled by SRX Property, 1,828 HDB resale flats were sold in April, a 10.3 per cent increase from 1,657 transacted units in March, and 13.5 per cent higher than a year ago. "The volume represents a record high since the...
Keen to have a second property as a “vacation house”, 46-year-old Mr Khoo has been on the lookout for a private condominium since the start of 2016. The Singaporean, who did not want his full name to be used, currently owns an HDB flat with his wife, so he was keen on taking up his property agent’s suggestion to “decouple” from his existing property to avoid having to pay Additional Buyer’s...
Details of the Fresh Start Housing Scheme, which aims to help second-timer families in rental flats buy a home, were released on Monday (Apr 11). Minister of National Development Lawrence Wong said his ministry aims to introduce the scheme by the end of the year. Speaking in Parliament as part of the Committee of Supply debates, Mr Wong said that the scheme targets parents with school-going children....
The Tengah new town, which had been announced earlier, will be integrated with Jurong Innovation District and planned as a "Forest Town", announced National Development Minister Lawrence Wong in Parliament on Monday (Apr 11). Tengah new town will be next to the Jurong Innovation District, which was earlier announced by Finance Minister Heng Swee Keat during his Budget 2016 statement, said Mr Wong. The...
Resale prices of flats dipped 0.1 per cent in the first quarter of the year compared to the previous quarter, according to flash estimates from the Housing and Development Board (HDB) released on Friday (Apr 1). The decline comes after the Resale Price Index (RPI) for the fourth quarter rose 0.1 per cent from the previous quarter. The RPI for the first quarter of 2016 came in at 134.6, down...
Observers have said there are still some outstanding issues with the Fresh Start Housing Scheme that they hope can be addressed in the upcoming Budget, which is set to be delivered at 3.30pm on Thursday (Mar 24). The scheme aims to help public rental tenants, especially those who previously owned flats and have young children, to own their own flat. The Housing and Development Board and National...
The Housing and Development Board (HDB) will be flexible in assisting households with a third HDB housing loan, but this will be on a case-by-case basis and typically for households that need urgent assistance but cannot secure mortgage financing from banks, said National Development Minister Lawrence Wong. In Parliament on Monday (Mar 14), Mr Wong qualified by saying that these households must have...