The Housing and Development Board (HDB) has received six bids for the land parcel proposed for executive condominium (EC) housing at Choa Chu Kang Drive. The 49,250 square metre site was launched for sale on January 21 and closed at noon on Tuesday. The highest bid came from Camborne Developments at S$170.1 million, followed by a joint bid of S$159 million by FCL Tampines Court and Keong Hong...
HDB News
The Housing and Development Board (HDB) has received nine bids for a residential site at Sengkang Square/Compassvale Road at the close of tender on Tuesday. The highest bid came from Keppel Land Realty at S$286.8 million. This translates to about S$502 per square foot per plot ratio. The next highest bid of S$274.3 million was submitted by joint bidders Sunmaster Holdings, Garden Estates and TID...
The Housing and Development Board (HDB) is launching the tender for sale of a residential land at Pasir Ris Central under the Design, Build and Sell Scheme (DBSS). The tender, which will be launched on March 16, will close at noon on May 31. The 16,388-square-metre site has a maximum allowable gross floor area of over 45,800 square metres. HDB estimates that 460 dwelling units can be built on the site,...
The Housing and Development Board (HDB) has closed the tender for a residential site at Clementi Avenue 4 after receiving 11 bids. "This is the highest number of bids submitted since the Design, Build & Sell Scheme started in 2006," said Nicholas Mak, executive director of the research & consultancy department at SLP International Property Consultants. The highest bid of S$224 million came from...
The waiting time for rental flats has been shortened from 21 to eight months. But for households which fall through the cracks, could more be done to help them own a flat, asked Members of Parliament yesterday. Such households include those too poor to buy an HDB flat but who earn too much to qualify for rental housing, or those who sold off their flats and no longer qualify for subsidised loans. Madam...
The Singapore government has announced more help for low-income families own their first flat. From Thursday, families earning up to S$2,250 a month can now look forward to a Special CPF Housing Grants (SHG). The SHG was first announced by Finance Minister Tharman Shanmugaratnam in his Budget speech. Those with household incomes of up to S$1,500 dollars will get the maximum S$20,000 in SHG. National...
National Development Minister Mah Bow Tan has announced measures to benefit first-time flat buyers. There will be an increase in supply of flats this year. Mr Mah said if demand sustains, the Housing & Development Board (HDB) will offer up to 22,000 Build-to-Order (BTO) flats for the entire 2011. For the first half of this year, HDB will offer 14,000 new BTO flats. This is comparable to the BTO...
National Development Minister Mah Bow Tan announced on Thursday that the pace the Home Improvement Programme (HIP) will be increased. The number of HIP projects had doubled from 7 to 14 over the last two years. And HDB will increase it to 28 projects next year. The pace will be further increased to 35 projects a year by 2014. At this pace, about 60 per cent of eligible precincts can be offered HIP over...
Some old Housing Development Board (HDB) blocks scheduled for demolition under a redevelopment scheme are enjoying an extended lease of life as temporary housing for the needy or as rental flats fetching market rates. According to new figures released by the HDB to The Straits Times, approximately 2,200 units, or about six percent, of the 35,000 flats in 25 blocks chosen for the Selective En bloc...
Since the Interim Rental Housing (IRH) scheme was introduced in January 2009, about 1,600 families have benefited from it, said Senior Parliamentary Secretary of the Ministry of National Development, Dr Mohamad Maliki Osman. Of these, about 430 families have moved out of the IRH scheme into longer-term living arrangements, such as public rental flats. Another 430 families will be moving to home-ownership...