There were more Housing Board (HDB) resale flats sold in May compared with April, though resale prices showed a slight dip month-on-month. Last month, 2,075 HDB resale flats changed hands, a 7.5 per cent increase from the 1,931 transacted units in the month before, according to flash estimates from real estate portal SRX released on Thursday. Resale volume was 18.3 per cent higher in May than the...
New Build-to-Order (BTO) flats sold from February onwards will include higher-quality furnishings, such as more water-efficient toilets and tougher porcelain tiles, the Housing and Development Board (HDB) said on Wednesday (Jun 5). These changes are part of efforts to make new flats more modern and to bring standards closer to mass market condominiums, it added. Speaking at a media briefing, HDB’s...
The Housing and Development Board (HDB) has launched 6,753 flats for sale under its latest Build-to-Order (BTO) and Sale of Balance Flats (SBF) exercise, it said in a press release on Wednesday (May 22). The launch includes 3,485 BTO flats in Kallang Whampoa, Tengah and Woodlands as well as 3,268 SBF flats across various towns and estates. This is the first HDB sales exercise in which the balloting...
The first housing project in Tengah's Garden District will be launched for sale in the Build-to-Order (BTO) exercise this month, said the Housing and Development Board (HDB) on Monday (May 20). Garden District is the second of five housing districts in Tengah to be developed, after Plantation District. Unveiling plans for Garden District on Monday, HDB said it is expected to provide up to 6,500 new...
HDB has put an executive condominium (EC) site at Canberra Link in Sembawang up for sale by public tender, it announced said on Thursday. The 99-year leasehold site is the only EC parcel of five confirmed list sites under the first half-2019 government land sales (GLS) programme. On the first half-2019 reserve list, there is one EC site at Fernvale Lane that can yield 525 units. Reserve list sites are...
The volume of Housing Board (HDB) resale flats changing hands rose by 16.5 per cent in April from the previous month, while prices eased slightly. According to flash estimates from real estate portal SRX Property on Thursday (May 9), 1,931 resale flats were sold in April, up from 1,657 transactions in March. Last month's volume also marked a 4.3 per cent increase when compared with April last...
New rules on buying homes using CPF or HDB housing loans will be introduced, that will focus on whether the remaining lease of the property can cover the buyer until at least age 95. This was announced on Thursday (May 9) by the Ministry of National Development (MND) and Ministry of Manpower (MOM). The changes, which apply to the purchase of HDB flats, private properties and executive condominiums,...
Despite lingering concerns about depreciating value and some adverse impact from the latest cooling measures, older HDB flats in Singapore are still in demand, according to a study by property consultancy OrangeTee & Tie. For the first quarter this year, 628 older flats - that is, those that are more than 40 years old - were sold, constituting 13.9 per cent of total resale transactions. This is the...
A new park will be developed to form a “green lung” in the upcoming Bidadari estate, the Housing and Development Board (HDB) announced on Sunday (May 5). The 10-hectare Bidadari Park will feature a lake, a heritage walk, experiential trails and a play area for children. In designing the park, the team drew inspiration from the fictional Hundred Acre Wood in the Winnie-the-Pooh children’s...
More than 20 households who live in five-room and larger flats sold the tail end of their unit's lease back to the Housing and Development Board (HDB) in the first quarter of this year under the Lease Buyback Scheme (LBS), said the Housing and Development Board (HDB). In response to queries from CNA, the board said it received more than 200 LBS applications from owners of these bigger flats between Jan...
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