The Housing and Development Board (HDB) has launched 5,101 flats for sale under the August 2018 Build-to-Order (BTO) and Re-Offer of Balance Flats (ROF) exercise, it said in a press release on Tuesday (Aug 28). The flats include 4,375 BTO units in Punggol and Yishun and another 726 ROF units across various towns and estates, HDB said. BTO EXERCISE The BTO flats on offer are spread across four...

Flat buyers can now choose to keep up to S$20,000 each in their Central Provident Fund (CPF) when taking a loan from the Housing and Development Board (HDB), the housing board said on Tuesday (Aug 28). Previously, buyers would have to fully utilise the balances in their CPF Ordinary Account (OA) to pay for their flat before taking up an HDB loan. The move will provide flat buyers with "greater...

HDB flats in the new Punggol Point District with waterfront views could fetch 5 to 10 per cent more than units that do not overlook the sea, said property analysts yesterday. But they added that buyers will still be mainly focused on factors such as the apartment's proximity to transport nodes and amenities. Their insights came a day after the Housing Board announced details of the new Punggol zone,...

According to the National University of Singapore’s (NUS) flash estimates for its Singapore Residential Price Index (SRPI) released on Tuesday, prices of completed non-landed private homes continued to lose momentum in July, declining 0.5 per cent month-on-month after a slower appreciation in June. In June, prices rose 0.7 per cent, down from a positive 1.6 per cent pace in May. The July decline...

HubSpot - a software products developer has opened an additional office at Mapletree Anson in the central business district as it expands its footprint. With its APAC headquarters already based here, HubSpot now plans to create about 100 new jobs in Singapore by 2021, covering areas such as sales, marketing, services, and support. This comes after the company announced the creation of 150 jobs when it...

A freehold cluster of three adjoining conservation shophouses located right in the heart of the historic and vibrant district of Chinatown at Smith Street has been launched for sale via public tender. Sited within the popular street block bordered by New Bridge Road, Temple Street, Trengganu Street and Smith Street, the corner plot is conveniently located within 2 to 5-minutes’ walk from the Chinatown...

Besides improving retirement adequacy, the move to allow flat buyers to retain S$20,000 in their Central Provident Fund (CPF) Ordinary Account when taking up Housing and Development Board (HDB) loans would provide some relief and flexibility to homeowners who are retrenched or between jobs, said experts. Before the change, which took effect on Tuesday (Aug 28), buyers had to first use up the entire...

The Housing & Development Board (HDB) has launched a White site at Pasir Ris Central for sale by public tender today under the Confirmed List of the 2nd Half 2018 Government Land Sales (GLS) Programme. The site is proposed for a mixed-use development which will comprise a commercial and residential development integrated with a bus interchange, a polyclinic and a town plaza. The site can potentially...

The actual number of Riverfront Residences units sold is lower than previously announced, said KSH Holdings - one of the project developers. The former Rio Casa estate in Hougang has moved "more than 45 per cent" of its 1,472 homes - which works out to at least 662 units - and not 52 per cent, or about 765 homes, as disclosed on Aug 24. Construction and real estate player KSH Holdings, which has a 35...

Property developer CapitaLand on Monday said that it has agreed to sell to CapitaLand Mall Trust (CMT) its 70 per cent stake in Westgate – the retail component of an integrated retail and office development in Jurong - for S$789.6 million. This values a full 100 per cent stake in the development at S$1.128 billion, and translates to S$2,746 per square foot (psf). The sale will generate for...