THE prospect of having public housing on the plum Keppel Club site after its lease expires in two years has excited property market watchers. They have, however, offered ideas on how to find an equitable solution to the "lottery effect", given that public-housing owners stand to make windfalls from selling these units after having been lucky enough to land them through a ballot. Prime Minister Lee...
Despite a Boon Keng five-roomer selling for a record sum, HDB resale prices remained relatively stable last month, new figures show. The 39th-floor unit at City View @ Boon Keng went for S$1,205,000 - S$5,000 more than the previous record for a HDB resale set by a five-room flat in Boon Tiong Road, Tiong Bahru, in April. It was the second time this year that a City View unit has claimed the record...
Demand for older HDB flats in Singapore spiked in the second quarter this year, following policy updates in May which may have given a “new lease of life” to the overall HDB resale market, OrangeTee & Tie said on Tuesday in its latest quarterly report on HDB trends. Some 564 HDB flats that were 40 years old and above were sold in May-June this year, a 40 per cent surge from 403 units in the year-ago...
Bookings for Piermont Grand Executive Condominium (EC)–the first and likely sole EC launch this year – commenced on Saturday, 27 July 2019 for eligible buyers. As of 6pm on Sunday, 28 July 2019, 375 units (46%) of 820 units have been snapped up by eligible buyers. This makes Piermont Grand by far the best-selling property launch in 2019. Eligible second-time buyers accounted for about 65% of the units...
Singapore's resale public housing market has emerged out of its stupor, with the number of homes exchanging hands rising 29.8 per cent in the second quarter of this year. The prices of resale flats also dipped slightly, falling 0.2 per cent in the three months ending June, the Housing and Development Board (HDB) said on Friday (Jul 26), confirming flash estimates announced at the start of this month....
Cooler Housing and Development Board (HDB) flats could soon be a reality for Singaporeans. At the Urban Sustainability R&D Congress 2019 on Tuesday (Jul 23), HDB signed a Memorandum of Understanding (MoU) with Evonik (SEA) to incorporate the firm's new silicon-based material into the roofing of HDB flats, offering better protection against Singapore’s heat. Initial trials are expected to start in...
Applications for Piermont Grand, this year's first executive condominium (EC) launch, will start this coming weekend from July 12 to July 22, with bookings to be conducted on July 27. The 820-unit EC is a project developed by City Developments Limited (CDL) and TID which overlooks My Waterway@Punggol. CDL did not comment on the pricing of the project. The EC offers three-, four- and five-bedroom...
There were fewer Housing Board resale flats sold in June compared with May, while prices inched up slightly. Flash estimates from real estate portal SRX released on Thursday revealed that 1,895 HDB resale flats changed hands in June, an 8.7 per cent decrease from the 2,076 units in May. The resale volume in June was also 4.8 per cent lower than the 1,991 units sold in the same month last...
Prices of resale flats for the second quarter of this year fell 0.2 per cent from the first quarter, according to flash estimates released by the Housing and Development Board (HDB) on Monday (Jul 1). The resale price index - which provides information on the general price movements in the resale public housing market - is estimated to have dipped slightly from 131 to 130.8. Resale prices for HDB...
From Tuesday (Jun 11), those looking to buy a balance flat from the Housing and Development Board (HDB) can view the online listing at any time of the year and book a flat as early as a day after making an application. This new option of an "open booking", first announced by National Development Minister Lawrence Wong in February, would allow more home buyers to move into their flats earlier, said HDB...
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