HDB revised the income ceiling for Build-to-Order (BTO) 3-room HDB flats in March this year. Since then, 43 applicants have switched to smaller flats which they said is easier on their pocket. Under the old rules, 23-year-old sales associate Tan Jie Ying and 29-year-old Tay Choon Yao, a photography producer, applied for a four-room flat. But with the income ceiling raised from S$3,000 to S$5,000, the...
HDB News
To realise the Government's commitment to ramp up the supply of flats over the next few years, the Housing and Development Board (HDB) is looking to woo more contractors to bid for public housing projects. Construction companies, however, are urging the Government to postpone its tightening on the influx of imported labour. The construction industry has churned out an average of between 15,000 and 17,000...
HDB will launch a Design, Build and Sell Scheme (DBSS) housing site at Fernvale Link/Sengkang West Avenue for sale Wednesday. This year, HDB plans to launch enough sites for about 4,000 DBSS flats, an increase from last year's supply of 3,000 units. The 4,000 DBSS flats will supplement the 25,000 BTO flats and the 1,000 balance flats to be released this year. Thus far, two DBSS land parcels yielding a...
National Development Minister Khaw Boon Wan is roping in members of the public and market players for solutions to some of the inconveniences of HDB living. Some inconveniences cited are: putting out the laundry to dry, which can be dangerous; and rain coming in from under the front doors of HDB flats when there are strong winds. In his latest blog entry, Mr Khaw said he has asked Minister of State Lee...
The Housing and Development Board (HDB) has launched a new set of notes under its S$7 billion Medium Term Note Programme. The issuance comprises a S$350 million, five-year Fixed Rate Note issue with a coupon of 1.685 per cent per year. The notes to be issued will be in denominations of S$250,000 and will be offered by way of placement to investors. The joint lead managers are ANZ bank, DBS, HSBC, OCBC,...
Applications closed yesterday for the Housing and Development Board's largest batch of Build-to-Order (BTO) flats, with 13,000 home buyers gunning for 4,000 flats. And National Development Khaw Boon Wan announced yesterday that another 1,000 flats will be released later this year. These will come under a Sale of Balance Flats exercise and brings the total number of new flats offered this year to 26,000 -...
National Development Minister Khaw Boon Wan on Wednesday said while he has asked HDB to put up more Build to Order (BTO) projects in mature estates, it will not be possible for many of them to benefit from this development, certainly not in the short term. Writing in his blog, Mr Khaw said this is because most of the mature estates are substantially built up, and there is limited land for public...
Analysts expect COVs and private home prices to fall gradually The flurry of housing announcements in recent days has increased optimism among home-seekers, especially those who have been unsuccessful in their house-hunting efforts. Property analysts who spoke to Today noted, however, that the additional supply and a review of the income ceiling for buyers of new Build-to-Order (BTO) flats will be "no...
The Housing and Development Board (HDB) has received nine bids for the sale of a site at Pasir Ris Central/Pasir Ris Drive 1. The 16,300 square metre site is designated for public housing under the Design, Build and Sell Scheme (DBSS). It was launched on March 16 and the tender closed at noon on Tuesday. The top bid of about S$123.88 million came from Singxpress Land and Kay Lim Holdings. It works out...
The HDB will release another land site meant for executive condominium housing. The site at Upper Serangoon View is being made available for application under the reserve list of the government land sales programme for the first half of this year. Under the Reserve List System, developers who are interested in purchasing the land can submit their application indicating the minimum offer price to...