Cash over valuation (COV) paid for public resale flats rose to around S$30,000 in the April to June period, after easing out in the first quarter, where the average COV stood at S$21,000, according to data obtained by The Sunday Times. With continued high demand for flats, the median COV, which is the amount paid by buyers for the valuation of a resale flat, was likely similar to the S$30,000 official...
HDB News
The Housing and Development Board (HDB) will combine the Build-to-Order (BTO) flat launches for June and July, for release in mid-July. National Development Minister Khaw Boon Wan said this in his blog on Saturday. This came a week after he said he was considering moving away from the current practice of monthly launches of BTO flats and explore ways to have larger combined launches. He had said that...
Member of Parliament for Marine Parade GRC Tin Pei Ling has suggested that the Housing and Development Board (HDB) take back the right to price units under the Design, Build and Sell Scheme (DBSS) or include a clause to compel price negotiations between HDB and the private developers. She said this could be considered as part of the overall review of housing policies by the Ministry of National...
There will still be demand for more expensive public housing such as the Design, Build and Sell Scheme (DBSS) flats. That's the view of property analysts, following the recent debate over the pricing of such flats and the relevance of the scheme. A five-room flat at the new DBSS Centrale 8 near the Tampines Regional Centre costs up to S$778,000. A previous indicative price had been set at S$880,000,...
Sim Lian Group has released a confirmed price range for its Design Build and Sell Scheme (DBSS) flats Centrale 8. The listed firm said in an announcement filed with the Singapore Exchange that its previously announced price range was only indicative. Confirmed prices for three-room flats range from S$389,000 to S$445,000, while four-room flat prices range from S$511,000 to S$592,000. Five-room flats will...
National Development Minister Khaw Boon Wan says he is considering moving away from the current practice of monthly launches of Build-To-Order HDB flats and explore ways to have larger combined launches. In the latest entry on his blog, Mr Khaw said he has been advised to do larger launches. Mr Khaw thinks this is sound advice. He said larger launches offer buyers a wider range of choices and reduce the...
His predecessor had announced the review and, yesterday, National Development Minister Khaw Boon Wan gave the numbers to suggest that the income ceiling for new Housing and Development Board (HDB) flats will, indeed, be raised from the present S$8,000. In last month's Build-to-Order (BTO) exercise, more than half of the first-timers had applied under HDB's Fiance-Fiancee Scheme and had a median age of 27....
Prices of flats released under the Housing and Development Board's (HDB) latest Design, Build and Sell Scheme (DBSS) have raised eyebrows among some analysts. In a central location within a mature estate, Centrale 8's 708 units in Tampines range from S$397,000 to S$510,000 for a three-room flat, to S$685,000 and S$880,000 for a five-bedroom unit. Four-bedroom flats will cost between S$531,000 to...
National Development Minister Khaw Boon Wan said the rising age of first time Build-to-Order (BTO) applicants justifies revising the HDB income ceiling. Writing in his blog, Mr Khaw said first-time applicants who applied under HDB's Fiancé-Fiancée Scheme for BTO projects launched in May had a median age of 27. And other first-timers - such as those already married - had a median age of 34. In May,...
Sim Lian Group Limited is launching Centrale 8 at Tampines today. Centrale 8 is a public housing project developed under the Housing and Development Board’s (HDB) Design, Build and Sell Scheme (DBSS). The project covers a total land area of 227,461.6 sq ft. The project comprises 708 units of three- to five-room flats. The three-room flats range in size from 61 sq m to 62 sq m, the four-room flats from...