To help more Singaporeans qualify for new HDB flats, the income ceiling to purchase a new Build-to-Order (BTO) flat will be raised from S$10,000 to S$12,000. As for those looking to buy an Executive Condominium, the income ceiling will be raised from S$12,000 to S$14,000. Announcing this at the National Day Rally on Sunday (Aug 23), Prime Minister Lee Hsien Loong noted that the change was timely as...
HDB News
The Republic's housing programme has helped more than 90 per cent of HDB dwellers own their flats, but Prime Minister Lee Hsien Loong noted that a small group still live in rental units. In his speech in Malay for the National Day Rally on Sunday (Aug 23), Mr Lee said that within this group, the Malay community is over-represented and many are young families with marital and financial problems -...
About 100,000 first-timer applicants, including families and singles, have bought a new HDB flat since 2008. National Development Minister Khaw Boon Wan said this in a written parliamentary reply to MP Gan Thiam Poh on Monday (17 Aug). Among the successful applicants, about 50,400 have collected keys to their flats. Another 6,700 will be collecting their keys later this year, added Mr Khaw. "We...
Citizens with foreign spouses, but without children, have the same priority as singles when applying for 2-room Build-To-Order (BTO) flats, said the Ministry of National Development on Tues (Aug 18). Minister Khaw Boon Wan, in response to a question from MP Gan Thiam Poh, said that when assigning priority, the Housing and Development Board takes into account the housing needs of the buyers and the...
Studio Apartments are targeted at senior citizens who are looking to "right-size", so they can purchase the flats with their sales proceeds and there is no need for a housing loan, said National Development Minister Khaw Boon Wan in Parliament on Tuesday (Aug 18). Mr Khaw said this in reply a question by MP Gan Thiam Poh, who asked if HDB will consider offering a HDB loan to senior citizens looking to...
There are no plans to retrofit Housing and Development Board (HDB) flats with double-glazed windows as the current single-glazed windows are sufficient for noise reduction, Senior Minister of State for National Development Lee Yi Shyan said in Parliament on Tuesday (Aug 18). “When planning HDB towns or estates, HDB will conduct noise modelling, with a view to locate and orientate the buildings in such...
After hitting a two-year high in June, the resale volume of Housing and Development Board (HDB) flats slumped 9.2 per cent in July, according to flash estimates released by SRX Property on Thursday (Aug 6). A total of 1,552 HDB resale flats were sold last month, down from the 1,709 transacted units in June. However, compared to a year ago, resale volume was up 15.6 per cent. Resale prices fell 0.5...
The response to the latest batch of executive condominium (ECs) projects has been tepid, with about 2,200 EC units remaining on the shelves as of June 2015, the highest in almost a decade. The largest EC development to date, Sol Acres, received 800 e-applications for its 1,327 units when online subscription closed on Sunday (Jul 26), while The Brownstone EC, located along Canberra Drive, sold just under...
With several Design, Build and Sell Scheme (DBSS) projects coming under fire recently for defects, some Members of Parliament (MPs) have renewed calls for the scheme to scrapped or tweaked, citing the blurred lines of accountability and low public confidence in the quality of these projects. In a Facebook post last week, Bishan-Toa Payoh GRC MP Hri Kumar Nair said he hoped for the Housing and...
Developers of the latest executive condominium (EC) project The Brownstone have received about 640 e-applications since they first opened on Jul 10. City Developments said e-applications for the 638-unit EC will close later on Monday (Jul 20), with booking to start this Saturday. E-applications are typically an indication of interest in an EC project, although applicants are not obliged to buy when...