Singapore’s resale public housing market remained in the doldrums in the first quarter of this year, with prices edging lower and the number of homes exchanging hands down 14.2 per cent. Resale prices of flats fell 0.3 per cent in the three months ending March, the Housing and Development Board (HDB) said on Friday (Apr 26), confirming flash estimates announced earlier this month. READ: Private...
Old flats - once the storehouse of wealth for owners should their homes be chosen for en-bloc redevelopment - have become a source of anxiety for residents after the government two years ago cautioned against speculation of state buyouts of these assets. The idea that the value of one's home can eventually run down to zero is a terrifying thought, one which increasingly more researchers are studying in an...
The volume of HDB resale flats grew by 26.1 per cent in March, marking the highest jump in eight months since August last year. There were 1,657 HDB resale transactions in March, up from the 1,314 units sold in the previous month, according to according to flash estimates from real estate portal SRX Property on Thursday. However, resale volume in March was 12.7 per cent lower than the 1,897 units...
HDB resale flat prices dipped 0.3 per cent in the first quarter of 2019 compared with the quarter before, according to the latest HDB flash estimates released on Monday. The resale price index was 131, down from the 131.4 in the fourth quarter of 2018. The final figures, with more detailed public housing data, will be released on April 26. In May, HDB is expected to offer about 3,400...
HDB resale transactions resumed their downtrend in February amid the Chinese New Year lull, after January enjoyed the first month-on-month increase in sales since last July's cooling measures. Last month, 1,313 HDB resale flats changed hands, 15.8 per cent less than in January, according to flash estimates from real estate portal SRX on Thursday. Year on year though, last month's sales volume was 9.9...
Those looking to purchase Build-to-Order (BTO) flats will soon be able to receive the results of their applications earlier, said Minister for National Development Lawrence Wong on Thursday (Mar 7). The balloting time for BTO flats will be reduced from six to three weeks, and will take effect from the May 2019 BTO exercise. "We have also been studying ways to improve our BTO application processes,"...
The Government is set to make changes to CPF usage rules for older flats by May this year, said Minister for National Development Lawrence Wong on Thursday (Mar 7). Mr Wong made the announcement in his Committee of Supply speech, saying that while the CPF rule is intended to safeguard the retirement adequacy of buyers who purchase older flats, its design has led to some "unintended...
The Step-Up CPF Housing Grant (SUHG) will be expanded as part of a slew of measures to support more lower-income families living in public housing, said Minister for National Development Lawrence Wong on Thursday (Mar 7). "Several members have asked if MND (Ministry for National Development) can do more to help these families own their own homes," Mr Wong said in Parliament during his Committee of...
More first-timer singles have been able to buy a new 2-room Flexi flat since the July 2013 Build-to-Order (BTO) exercise, the Housing Development Board (HDB) said in a statement on Sunday (Mar 3). As part of the Government's efforts to provide more housing options for single citizens, first-timers aged 35 and above have been able to buy a new 2-room Flexi flat in non-mature estates. About 14,500...
Singapore's first new-generation neighbourhood centre officially opened in Punggol on Sunday (Feb 17), offering residents access to a variety of amenities ranging from a supermarket, a food court, a 24-hour fitness centre as well as various shops and food and beverage outlets. The seven-storey Oasis Terraces, located next to Oasis LRT and facing Punggol Waterway, is also the first neighbourhood centre...
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