E-applications open on Friday (May 15) for Westwood Residences - a new executive condominium (EC) project in Jurong West which will be officially open for bookings on May 30. The 480-unit development at Westwood Avenue is the first EC to be affected by changes to resale levy rules. The resale levy now applies to EC buyers who had previously bought HDB flats or ECs. Westwood has an indicative pricing...
HDB News
Rent prices for Housing and Development Board (HDB) flats dropped by 0.7 per cent month-on-month in April this year, according to the latest data released by SRX Property on Wednesday (May 13). Rent prices for 4-Room, 5-Room and Executive flats posted a 0.9 per cent, 1.3 per cent and 0.4 percent decrease, respectively. Bucking the trend were 3-Room flats, with a 0.4 per cent increase, the report...
The resale prices for Housing and Development Board (HDB) flats saw a slight uptick in April, rising 0.2 per cent month-on-month. Transactions for flats also hit a two-year high last month, according to SRX Property's flash estimates released on Thursday (May 7). HDB resale prices saw an improvement, driven by 3- and 4-Room flats of which prices rose 0.3 per cent and 0.9 per cent, respectively. However,...
The Ministry of National Development (MND) on Thursday (May 7) announced that it has signed a Mutual Termination Agreement with Eternal Pure Land (EPL) to terminate a July 2014 award for a place of worship (PW) site at Fernvale Link in Sengkang. MND will re-tender the land for its original purpose as a site for a Chinese temple, it said. Residents had objected to EPL's plans to build a commercial...
The first new generation public housing at SkyTerrace@Dawson has been completed, while Skyville@Dawson is on track to be completed by the third quarter of 2015. Both projects were mooted under the “Remaking Our Heartland” plan which aims to build a more cohesive and vibrant community, as well as encourage multi-generation and family-friendly living. The first batch of residents at SkyVille@Dawson...
HDB rents edged up 0.1 per cent month-on-month in March, stopping a decline in prices for the first time since August last year, according to data from SRX Property. But on a year-on-year basis, rents in March fell 3.5 per cent. The rental prices in March were 5.8 per cent lower than the peak in August 2013, said SRX Property in a news release on Wednesday (Apr 15). Rents for three- and four-room...
There have been fewer unsuccessful applicants under the Married Child Priority Scheme (MCPS) for each Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise over the last few years, National Development Minister Khaw Boon Wan said on Monday (Mar 13). In response to a question by MP Tin Pei Ling, Mr Khaw said the average number of unsuccessful MCPS applicants per BTO/SBF exercise has dropped from...
Spaces for social communal facilities – such as childcare and eldercare centres – are set aside by the Housing and Development Board (HDB) and various agencies, who work in tandem to construct these facilities at new public housing developments. In response to questions on the planning of childcare centres for new HDB precincts by Dr Lee Bee Wah, Minister of State for National Development Dr Maliki...
The resale prices of Housing and Development Board (HDB) flats dropped 0.8 per cent on-month in March, SRX Property said on Thursday (Apr 9). They have been on a downtrend since January last year. The drop in prices in March was seen throughout all property types, except for HDB executive flats which rose 1 per cent. Resale prices for three-room and four-room flats dropped by 0.9 per cent and 1.1 per...
The Housing and Development Board (HDB) says it has received more than 2,000 enquiries on the improved Lease Buyback Scheme as of mid-March this year as enhancements to the scheme kicked in on Wednesday (Apr 1). Under the scheme, flat owners are allowed to sell part of their lease back to the Government to generate retirement income. The scheme, first announced last September, includes four key...