The Housing and Development Board (HDB) said the building of additional rental flats in the next two years will take place in towns such as Bukit Batok, Punggol, Sembawang, Sengkang and Yishun. HDB recently announced it would build some 7,000 rental flats for low income Singaporeans. HDB figures show it's been increasing the supply of rental units to cope with demand. Since 2007, the waiting time for...
HDB News
Introducing some flats with shorter lease periods would make them more affordable The Ministry of National Development's decision earlier in the year to raise the supply of HDB flats is a step in the right direction. The move to raise the income ceiling for buyers from S$8,000 to S$10,000 for Build-To-Order flats and from S$10,000 to S$12,000 for executive condominiums is another welcome response from...
The sale of Housing & Development Board's (HDB) "balance flats" has attracted an overwhelming response. A total of 17,255 applications have been received for 2,847 "balance flats" offered under the Sale of Balance Flats Exercise on 22 September. Applications closed on 28 September. "Balance flats" are those left unselected from earlier Build-To-Order (BTO) exercises, surplus replacement flats under...
HDB this morning announced the launch of more than 8,200 flats under the joint Build-To-Order (BTO) and Sale of Balance Flats (SBF) Exercises - the largest supply of flats in a single launch. There was an added bonus for first-time buyers, as it was announced that "at least 95 per cent" of the flats would be set aside for buyers in this category. "Flat-buyers of all income groups will enjoy a wide range...
Sales of executive condos (ECs) have picked up after last week’s announcement that the higher income ceiling of S$12,000 would apply to five other EC projects with unsold units. According to Qingjian Realty, over 50 EC units have been snapped up at RiverParc Residence in Punggol since last week, bringing total sales to 468 units (93 percent) of the 504-unit project. It added that most of the buyers...
The Housing and Development Board (HDB) yesterday raised s$650 million by selling a 10-year bond, after increasing the size of its planned issue from s$400 million to meet demand, according to a term sheet seen by Dow Jones Newswires. The yield of the bond was at 1.95 per cent, the term sheet said. DBS was the sole bookrunner for the unrated senior unsecured bond, according to the document. The HDB is a...
Forty-five HDB blocks in Punggol will be fitted with solar panels by the middle of next year, in Singapore's first solar leasing project. The solar power generated panels will be used to power services in common areas such as lift operations, corridor and staircase lightings, and water pumps. This makes up 10 per cent of total block usuage. Private company Sunseap Enterprises will finance the design,...
The revised S$12,000 income ceiling for executive condominiums (EC) will also apply to five projects launched before August 15 this year. The Ministry of National Development said it made this change following public feedback to apply the new ceiling to projects launched before August 15, the date the new ceiling was announced for EC projects. MND said it found the feedback sound as it will enable home...
A Hoi Hup led-consortium sold 220 units at the Arc at Tampines executive condo (EC) project during balloting yesterday, at an average price of S$722 psf. “Arc is the first EC launch to benefit from the higher monthly household income ceiling of S$12,000 compared with S$10,000 previously,” said a market watcher. He noted that the project has seen more units sold than other recently launched EC...
Housing agents said prices for the first executive condominium launched after the income ceiling was raised for households, range from just under S$600,000 to S$1.32 million. Agents said that two-bedroom units, for Arc at Tampines, located at Tampines Avenue 8, are going for between S$741 and S$875 per square foot while the price for three-bedroom units ranges from S$693 to S$810 per square...