Older Housing and Development Board (HDB) flats depreciate at a much slower rate compared to private residential properties, a study showed. The study, done by the National University of Singapore (NUS), found that while the public housing units and the private non-landed units declined in value at the same rate for the first 10 years, there was significant difference in the rate at which their prices...
From about the middle of this year, homebuyers in a hurry will be able to apply for a flat online all year round and make a booking by the next working day. These are flats that have not been picked up after the biannual Re-offer of Balance Flats (ROF) exercises, which typically take place in February and August. Announcing this in a blog post on Thursday (Feb 7), National Development Minister...
More HDB flats changed hands in January compared to December - a change in direction for the first time since last July's cooling measures. In all, 1,560 HDB resale flats were sold last month, 8.8 per cent more than in December, according to flash estimates from real estate portal SRX on Thursday. It was also 43 per cent more than the 1,091 units sold in January 2018. Resale prices compared to...
Private home prices in Singapore rose 7.9 per cent in 2018, compared with a 1.1 per cent increase the previous year, said the Urban Redevelopment Authority (URA) on Friday (Jan 25), confirming flash estimates announced earlier this month. Private home prices fell by 0.1 per cent in the fourth quarter of last year, compared with the 0.5 per cent increase in the third quarter. URA revised its estimates...
About 900 HDB flat buyers cancelled their BTO flat bookings last year said National Development Minister Lawrence Wong in Parliament on Tuesday (Jan 15). Responding to a question from Member of Parliament Ang Wei Neng, Mr Wong revealed that 25 per cent of these flats were 2-room Flexi or similar flats, 15 per cent were 3-room flats, 38 per cent were 4-room flats and 22 per cent were 5-room flats. He...
The number of Housing Board flats that changed hands in December 2018 was 23.9 per cent lower than in November, a bigger fall than a year ago, according to flash data from real estate portal SRX on Thursday. This was the fifth straight month of decline in volume of sales since July’s cooling measures which included a tightening of loan limits. While December is typically the slowest month of the...
Prices of resale flats in Singapore fell 0.9 per cent in 2018 compared to the year before, flash estimates released by the Housing and Development Board (HDB) on Wednesday (Jan 2) showed. In the fourth quarter of 2018 alone, prices fell an estimated 0.2 per cent, according to HDB’s resale price index. The index, which provides information on the general price movements in the resale public housing...
Home owners will be allowed to rent out their flat or bedrooms to non-Malaysian non-citizen tenants for a maximum of two years from Jan 1, 2019, the Housing and Development Board (HDB) said on Tuesday (Dec 18). This is up from the current 1.5 years. The revised tenancy period will apply to all rental applications involving non-Malaysian non-citizen tenants that are received by HDB on or after Jan 1,...
Fewer new flats will be launched next year, with 15,000 homes expected to be on offer – down from 15,800 this year, according to the Housing and Development Board (HDB). "In the last two years, the first-timer application rates for three-room and larger BTO (Build-to-Order) flats in all estates have remained stable at about two times," HDB said in a press release on Friday (Dec 7). Most...
A Housing and Development Board (HDB) terrace house was sold for nearly S$1.2 million in the third quarter of this year, smashing a previous record for the priciest HDB unit ever sold, according to a real estate trends report published by OrangeTee on Wednesday (Nov 21). The 237 sq m HDB terrace located along Jalan Bahagia near Whampoa was sold in September for S$1.185 million. The three-room property...
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