City Developments Limited (CDL) has launched its latest development, a 602-unit Executive Condominium (EC), in Bukit Panjang. Called Blossom Residences, it is located along Segar Road, with views of surrounding nature parks, including Bukit Panjang Park, Upper Seletar Reservoir and Bukit Timah Nature Reserve. Bookings for the development began on Thursday and 150 units have been sold on its first day of...
HDB News
More first-time flat buyers have received help from the government's Additional Housing Grant. Currently, seven in 10 first-timers are beneficiaries, up from three in 10 when the scheme was started in 2006. One couple who have benefited are Sherman Pun and his girlfriend. As of April, they're among over 32,600 households to benefit from the scheme which has disbursed some S$584 million. The grant was...
A tender for a land site to build a Executive Condominium (EC) at the junction of Punggol Way and Punggol Field has received only three bids. This is according to provisional results released by the Housing and Development Board. The highest bid was at S$219.47 million, from FCL Tampines Court and Keong Hong Construction. This works out to S$270 per square foot per plot ratio for the site. According to...
Land sales under the Design, Build and Sell Scheme (DBSS) have been suspended. This is because the DBSS is currently under review by the Ministry of National Development (MND). Responding to media queries, MND said the Housing & Development Board (HDB) would not proceed with the sale of a Bendemeer Road site which was scheduled for launch in the first half of this year. MND has reiterated it would...
The Ministry of National Development (MND) has confirmed that it is reviewing the Housing and Development Board's (HDB's) Design, Build and Sell Scheme (DBSS). "Pending the ongoing review, HDB will not proceed with the sale of the Bendemeer Road site, originally scheduled in 1H2011," MND said in a statement. This came after National Development Minister Khaw Boon Wan said he had suspended future land...
Two developers of the Housing and Development Board's Design, Build and Sell Scheme projects have filed clarifications on the profit margins published in an article this week in The Business Times (BT). In a joint media statement yesterday, Hoi Hup Sunway - the consortium behind DBSS projects City View@Boon Keng and The Peak@Toa Payoh - expressed concern over the gross profit margins published by the...
The Ministry of National Development (MND) spoke out strongly yesterday against a Business Times (BT) article earlier this week on developers' profit margins for the Housing and Development Board's Design, Build and Sell Scheme (DBSS) projects. In a press statement last night, MND director (Housing) Han Kok Juan said the article published on Thursday "was highly irresponsible as it contained serious...
Prices of HDB resale flats have increased 2.9 per cent in the second quarter of this year compared to the previous quarter. Flash data released on Friday by the Housing and Development Board (HDB) shows that its resale price index in the second quarter this year came in at 179.9. The rate of price growth in the second quarter is higher than the previous quarter's 1.6 per cent hike. HDB said it is on...
Developers can earn gross profit margins of up to 76 percent from the public housing projects they develop under the Design, Build and Sell Scheme (DBSS), according to a Business Times report. In the report, five out of the seven DBSS projects launched since 2008 have achieved gross profit margins of at least 28 percent. This is similar to the 30 to 40 percent gross profit margins that real estate groups...
The Housing and Development Board (HDB) will launch the tender for a residential site at Punggol Field Walk on Wednesday. Slated for condominium development, the site can potentially yield 550 dwelling units. It's being released for tender under the Confirmed List of the First Half 2011 Government Land Sales Programme. Located near Sungei Serangoon, residents will enjoy convenient access within Punggol...