Applications for the DBSS project in the Jurong lake district opened on Tuesday. As of 6pm, Lake Vista@Yuan Ching has received 100 applications. And developers are confident the applications will soar over the weekend. The 682-unit public housing project comprises 3-, 4- and 5-room apartments. Prices of 4-room flats range from $481,000 to $575,000. Despite other DBSS projects also coming up in Bedok...
HDB News
The MP for Holland Bukit Timah GRC, Christopher De Souza said that though housing policies need fine-tuning, the foundation of these policies are still sturdy. He was responding to concerns expressed by Non-Constituency MP Gerald Giam of the Workers' Party (WP) on the public housing situation in Singapore. "BTO flats do not solve the immediate housing problem, because it takes up to three years before...
Analysts said flats sold under the Design, Build and Sell Scheme (DBSS) may be losing their relevance, as the gap in the housing market they previously served is now covered by Build-To-Order (BTO) flats. The income ceiling to qualify for a BTO flat was recently raised to S$10,000 - the same as DBSS flats. Since the public outcry over the record-breaking asking prices of a previous DBSS launch, Centrale...
The tender for a executive condominium (EC) site at Pasir Ris has attracted a high number of developers, according to the Housing & Development Board (HDB). There were a total of 11 bidders for the site at Pasir Ris Drive 3 and Pasir Ris Link. The top offer of S$122 million came from joint bidders Ho Lee Group and Maxdin. That translates to about $291 per square foot per plot ratio. This means a...
A Design, Build and Sell Scheme (DBSS) project in Bedok is set to be launched this week. The project, Belvia, is one of a few projects for which tenders were given out before the government announced it will put DBSS projects on hold. CEL Development said on Monday e-applications for Belvia -- a 488-unit project comprising three-, four- and five-room units in Bedok -- will open from 14 to 18...
Property prices for HDB flats around the 12 remaining Circle Line stations, due to open this Saturday, have risen, according to property agents. They said a three-room flat around Holland Village station now costs 10 per cent more compared to last year, going as high as S$440,000. Over at Telok Blangah, a five-room high-floor unit recently transacted at S$810,000. A similar unit further away from the...
Analysts have said a lower supply of Housing & Development Board (HDB) resale flats has driven up the prices of such units. Prices of HDB resale flats in the third quarter jumped 3.8 per cent from a quarter ago. The squeeze on supply drove the steepest quarterly increase since the third quarter of 2010, which saw a rise of four per cent. Chesterton Suntec International research & consultancy...
First time applicants who applied for Build-to-Order (BTO) flats stand a good chance of getting their flats in the latest bumper launch of 8,200 flats. That's because the BTO application rate is 1.7 this time round, which according to National Development Minister Khaw Boon Wan in his latest blog entry, means first-time applicants will get a chance to select their flats. He had said earlier that a BTO...
Flash estimates on property prices show that buyers are willing to pay more for HDB resale flats while those purchasing private property are showing caution. HDB's flash estimate of the 3rd Quarter 2011 Resale Price Index (RPI) climbed 3.8 per cent in the third quarter compared to the 3.1 per cent rise seen in the second quarter. In the first three months of the year, the rise was 1.6 per cent. The rise...
The Resale Price Index (RPI) of public housing in the third quarter 2011 has reached 187.1, an increase of 3.8 percent over the second quarter. In its flash estimate released on Monday, the Housing and Development Board said the increase is slightly higher than the 3.1 percent registered in the previous quarter. The index provides information on the general price movements in the public residential...