Singles buying a resale flat for the first time will receive more assistance from the government. The monthly income ceiling to qualify under the single Singapore Citizen scheme will be raised to S$5,000, up from S$3,000. Singles will also enjoy a CPF Housing Grant of S$15,000, up from S$11,000. And those applying under the Joint Singles Scheme will see the monthly income ceiling raised to S$10,000, and...
HDB News
The Housing and Development Board (HDB) said it will launch 5,500 Build-To-Order (BTO) flats in September and 4,000 BTO flats in November. The flats will be in different towns, such as Punggol, Sengkang, Hougang, Yishun, and Jurong East. These two launches will bring HDB's total BTO supply this year to 25,000 flats. HDB will complement the September BTO launch with the launch of at least 2,500 flats...
Housing chief gives reassurance that construction industry can cope with increased supply of BTO flats The construction industry will be able to cope with the demand of building new flats, said National Development Minister Khaw Boon Wan. The Housing and Development Board (HDB) announced today that they would be building 25,000 new build-to-order (BTO) flats next year. The HDB also announced today that...
The government will raise the qualifying income ceilings of households for HDB's Build-To-Order (BTO) flats and Executive Condos (EC), said Prime Minister Lee Hsien Loong in his National Day Rally speech on Sunday evening. The qualifying income ceilings of households for BTO flats will be increased from the current S$8,000 to S$10,000, and for ECs from the current S$10,000 to S$12,000. Prime Minister Lee...
National Development Minister Khaw Boon Wan has reiterated that Cash-Over-Valuation (COV) - the premium that HDB resale flat buyers pay to seller - is here to stay. Responding to netizens on his Facebook page on National Day, Mr Khaw said abolishing COV and relying on a professional valuer to set the price of resale flats was tried "years ago". "COV then went underground as 'under counter cash payment',"...
City Developments said Monday that it sold 115 units of its Executive Condominium at Blossom Residences to second-time buyers and upgraders on Sunday. This follows the initial launch to eligible buyers, mainly first-timers on July 7, when 150 units were snapped up. To date, a total of 319 units have been sold. The units at the 602-unit development, which is located along Segar Road at Bukit Panjang, are...
The Housing and Development Board (HDB) is reviewing the leasing model for the Interim Rental Housing scheme, which was launched in 2009 to help needy families find temporary accommodation while waiting for permanent housing solutions. Currently, these families live in housing blocks spread across the island which are slated for redevelopment. These blocks are leased to operators - such as EM Services and...
Government agencies are embarking on energy solutions testing for public housing with Panasonic. Flats in Punggol Eco Town will become a test-bed for energy solutions. This follows a collaboration struck between the Housing Development Board, Energy Market Authority, the Economic Development Board and Japanese electronics giant, Panasonic. Solar panels will be fitted to power lifts and lighting, as well...
Market watchers said the HDB resale flat prices will likely hold for the rest of the year amid an imbalance between supply and demand. Over the weekend, the National Development Minister said it would take three to five years to "substantively resolve" the problem of high resale flat prices and for prices to stabilise. Prices of resale HDB flats have been heading north, rising nearly 5 per cent in the...
National Development Minister Khaw Boon Wan used the apples and oranges analogy to clarify why the Housing & Development Board (HDB) has ceased the publication of overall median cash premiums paid by home buyers beyond the valuation of flats across all estates. He said that the overall median cash-over-valuation (COV) figure for resale flats is “misleading and quite irrelevant”, as the data on the...