Flash estimates of the Resale Price Index for the first quarter of 2015 showed a 1 per cent decline in the prices of Housing and Development Board flats over the previous quarter, HDB announced on Wednesday (Apr 1). The flash estimate for the index is 135.6, HDB said, down from 137.0 in the previous quarter. It added that the RPI for the full quarter will be released on Apr 24, along with more detailed...
HDB News
Prices of executive condominium (EC) units in some non-mature estates are likely to weaken going ahead, according to property analysts. They said this is due to the large volume of units currently available and in the pipeline. The EC scheme was introduced in the late 1990s, and since then, as many as 40 projects have been launched for sale. Official figures from the Urban Redevelopment Authority’s new...
National Development Minister Khaw Boon Wan announced several new housing measures in Parliament on Tuesday (Mar 10). These included increasing the quota of new two-room flats set aside for singles and a review of the Studio Apartment Scheme. Mr Lim Sio Poh, 46, is getting ready to move into his new two-room flat in Bukit Panjang. He applied for the unit directly from the Housing and Development Board...
The average size of executive condominium units has become smaller over the years, say property analysts. And the trend is likely to continue as developers struggle between maintaining their bottom lines and keeping units affordable for buyers. Executive condominiums (ECs) were introduced about 20 years ago, and since then, unit sizes have been shrinking. According to property firm SLP International,...
The Housing Development Board (HDB) has about 10,000 balance flats currently, with about 3,000 units in mature estates. About 4,000 units are three-room and smaller flats. These flats are planned to be released in two batches of about 5,000 units each, to offer more choices of flat types in various locations and give applicants a better chance of success for each exercise. Minister of State for...
As at Jan 31, 87,900 households have rented out their flat, or one or more rooms. Ninety-two per cent of these are Singaporean households, while the remaining 8 per cent are owned by permanent residents. Since January 2013, the Housing Development Board (HDB) has disallowed permanent residents from subletting their entire flats. These figures were given by Minister of State for National Development...
A land parcel for an executive condominium (EC) development attracted relatively large number of responses at the close of the tender on Thursday (Feb 12), but the top bid received was the lowest in three-and-a-half years. The Housing and Development Board (HDB) said it received seven bids for the EC land parcel at Woodlands Avenue 12. Hao Yuan Investment submitted the top bid of S$103.79 million, which...
The Housing and Development Board on Wednesday (Feb 11) launched its first Build-To-Order Exercise of the year, with 3,995 new flats in Bukit Batok, Hougang and Geylang made available. This is the first tranche of a total of 16,900 BTO flats planned for release in 2015. HDB said that in May, it will offer about 4,040 BTO flats in Clementi, Punggol North, Sembawang and Tampines, while between 4,000 and...
The resale prices of Housing and Development Board (HDB) flats rose 0.6 per cent on-month in January, the first increase in 12 months, the Singapore Real Estate Exchange (SRX Property) said on Thursday (Feb 5). Still, an ERA analyst cautioned that the price increase does not mean the market is rebounding. “The increase has more to do with the up and down fluctuations that is associated with tracking...
More Housing and Development Board (HDB) resale flats are being transacted at or below valuation. According to latest figures from the Singapore Real Estate Exchange (SRX), about 8,500 HDB resale flats changed hands in 2014. In the fourth quarter of the year, 41.6 per cent were sold below valuation, compared to 36.9 per cent in the first three months of the year. For transactions at valuation, these...