A 149 square metre (sqm) maisonette at Bishan Street 13 was sold for S$1.05 million last month. It is not the first time resale prices there have crossed the million-dollar mark. Another maisonette in the same estate went for almost S$1.1 million in October last year. While not many executive flats like the one in Bishan have changed hands, housing analysts said prices of executive flats are holding up...
An Executive Condominium site that can yield about 490 residential units was released for sale on Tuesday (May 19). The Housing & Development Board (HDB), as the Government’s land sales agent, released the site under the Confirmed List of 1st Half 2015 Government Land Sales Programme. The site is located at Choa Chu Kang Avenue 5, and has a lease period of 99 years. The closing date for the...
The amendments to the Housing Developers (Control and Licensing) Act will kick in this month, which would result in weekly collection and publication of transaction data and more comprehensive information in transaction documents for the private residential property market. Parliament had passed amendments to the Act to improve and update legislative safeguards for buyers of uncompleted private...
New private home sales in the Republic jumped 83 per cent in April from March as developers launched new units and buyers returned to the market. Data from the Urban Redevelopment Authority (URA) on Friday (May 15) showed developers sold 1,124 housing units last month - well above the 613 units sold in March and 390 units in February. Developers launched 1,344 units in April, up from 400 in...
The recent move to shut unauthorised shops in Tiong Bahru estate was not aimed at diminishing the area's vibrancy and valid businesses will continue to operate, the Urban Redevelopment Authority (URA) said on Friday (May 15). Responding to questions from Channel NewsAsia, URA said it took enforcement action on 12 shops in the estate because the businesses were operating from residential premises without...
EL Development, the developer of Trivelis Design, Build and Sell Scheme (DBSS) flats at Clementi addressed the defects observed by residents in a statement on Friday (May 15). Nearly 500 residents complained about shattered glass panels, rusty dish racks, exposed sanitary pipes in their homes and ponding in corridors - among other problems. On Friday, the Housing Development Board (HDB) maintained...
Great Eastern Life will be moving to Westgate Tower in Jurong East. It is among several firms, including German automaker Daimler and CPG Corporation, shifting to the west. Already, Jurong East is seeing a major transformation - with several shopping malls, office buildings and even a hotel and hospital sprouting up in recent years. But this will gain further momentum, with the upcoming high-speed rail...
Property prices in Jurong are projected to increase by up to 5 per cent once construction of the Singapore-Kuala Lumpur High Speed Rail terminus is completed. In fact, some agents said prices are already up 1 per cent, just a week after the location of the terminus was announced. The Singapore-Kuala Lumpur High Speed Rail terminus will only be ready after 2020, but the impact on property prices in...
His Design, Build and Sell Scheme (DBSS) flat was supposed to be of a higher design quality than a regular public housing unit, but Mr Andy Tan told TODAY he found his three-room unit at Trivelis in Clementi a “total disappointment”. Two sanitary pipes and a water heater, which were not depicted in the project’s showflats, were exposed and clearly visible in his kitchen, Mr Tan said. The living...
E-applications open on Friday (May 15) for Westwood Residences - a new executive condominium (EC) project in Jurong West which will be officially open for bookings on May 30. The 480-unit development at Westwood Avenue is the first EC to be affected by changes to resale levy rules. The resale levy now applies to EC buyers who had previously bought HDB flats or ECs. Westwood has an indicative pricing...