DESPITE sluggish EC sales, the top bid for an executive condo site in the Hougang/Yio Chu Kang area has come in towards the high end of market expectations. The 99-year leasehold site is not near any MRT station but is considered attractive as it is nestled in an established HDB estate, which provides a catchment of potential buyers for the future EC project, and is near amenities (including Hougang 1...
HDB News
The resale prices of Housing and Development Board (HDB) flats fell 0.5 per cent in January, the first decline in seven months, SRX Property said on Thursday (Feb 4). Prices of three- and four-room flats fell by 0.5 per cent and 1 per cent, respectively. In contrast, five-room and executive flats rose by 0.2 per cent and 1.4 per cent, respectively, the flash estimates showed. Overall resale prices...
Resale prices for flats fell 1.6 per cent for the whole of 2015, according to data released by the Housing and Development Board (HDB) on Friday (Jan 22). The Resale Price Index (RPI) for the fourth quarter came in at 134.8, up just 0.1 per cent from the previous quarter’s 134.6, HDB said. The index provides information on the general price movements in the resale public housing market. Resale...
Rental prices for Housing and Development Board (HDB) flats dipped 0.6 per cent from the previous month in December, while rents for private apartments remained relatively flat with a 0.1 per cent increase, according to a local property index. Year-on-year, rental prices for HDB flats in December fell 4 per cent, and were down 8.6 per cent compared to its peak in August 2013, flash estimates from SRX...
The resale volume of Housing and Development Board (HDB) decreased 4.3 per cent month-on-month in December after shrinking 15.9 per cent in November, SRX Property said on Thursday (Jan 7). A total of 1,404 HDB resale flats were sold last month, down from the 1,467 transacted units in November. However, on a year-on-year basis, resale volume was up 8.4 per cent. Resale prices remained largely similar...
Resale prices for flats fell 1.5 per cent for the whole of 2015, despite rising marginally in the fourth quarter, according to flash estimates released by the Housing and Development Board (HDB) on Monday (Jan 4). The Resale Price Index (RPI) for the fourth quarter came in at 134.9, up 0.2 per cent from the previous quarter, HDB said. The index provides information on the general price movements in the...
To keep flats affordable for Singaporeans, the Housing and Development Board (HDB) has disbursed S$1.6 billion in Additional CPF Housing Grants (AHG) to close to 83,000 households since 2006. It has also given out S$297.61 million in Special CPF Housing Grants (SHG) since 2011 to almost 20,000 households, as of November 2015. HDB gave this update in a media statement on Sunday (Jan 3). Eligible...
The application rate for singles for Housing & Development Board (HDB) flats has fallen, HDB said on Saturday (Jan 2). In an update, HDB said that it has "made steady progress in meeting the home ownership aspirations of singles". It added that the rate is now about 7 applicants per flat in November 2015 - the most recent BTO exercise, down from 58 per flat in July 2013, when singles were first allowed...
The local property market is on track for a "soft landing", said National Development Minister Lawrence Wong. The housing chief noted that resale flat prices have softened gradually to 2011 levels, with more than half of resale flats transacting close to their market value. "This is a good outcome for both buyers and sellers," said Mr Wong in a blogpost on Wednesday (Dec 30). This he attributed to...
The supply of Build-To-Order (BTO) flats will increase to 18,000 units in 2016, said National Development Minister Lawrence Wong - an increase of 3,000 units from this year. Noting the recent BTO launch in November which drew a "healthy response", Mr Wong said the increased supply of units is in response to greater demand. The increased demand, he added, is due to recent changes to housing policy -...