hdb news

HDB Resale Market Gains Momentum in 2024 The Housing and Development Board (HDB) resale market witnessed a significant surge in activity in 2024, largely driven by evolving policies and market dynamics. Transaction volumes for HDB resale flats are projected to hit approximately 30,000 units in 2024, reflecting a more than 10% increase compared to 2023’s 26,735 transactions. Resale prices have also...

2023 Unveils Singapore's Bold Move: The 60% ABSD Tax In a strategic move to regulate speculative capital inflow into the real estate sector, the Singapore government unveiled a bold initiative on April 27, 2023. This initiative took the form of a substantial 60% Additional Buyer's Stamp Duty (ABSD) tax on residential properties purchased by foreigners, establishing one of the highest non-resident tax...

Buyers of replacement HDB flats under the Selective En bloc Redevelopment Scheme (SERS) would no longer be allowed to resell their homes until five years after receiving the keys. Owners of Sers replacement apartments are now subject to the same five-year MOP requirements as those who purchase a flat from the HDB or the secondary market due to changes in the minimum occupation period (MOP)...

On Friday (May 27), a total of 4,583 Build To Order (BTO) flats were launched across five estates, including two developments in Bukit Merah and Queenstown under the Prime Location Public Housing (PLH) model. The other projects are in Toa Payoh, Jurong West, and Yishun, according to a press statement from the Housing and Development Board (HDB). The Sale of Balance Units (SBF) scheme offered an...

Prospective buyers and sellers of public housing flats can now make use of a new one-stop portal launched by the Housing Development Board (HDB) to streamline the process. The HDB Flat Portal will be rolled out progressively from Wednesday (Jan 13), Minister for National Development Desmond Lee said in a Facebook post. "This new portal will make it more convenient for home buyers and sellers to gather...

The number of Housing and Development Board (HDB) flats that were sold for at least S$1 million hit a historic high last year, despite the Covid-19 pandemic and economic downturn. This is based on flash data released by real estate portal SRX on Thursday (Jan 7). There were a total of 82 million-dollar flats transacted in 2020, eclipsing 2018’s record of 71 such deals. Last month alone, 10 such flats...

Resale prices in the public housing market climbed 4.8 per cent in 2020, an increase from the 0.1 per cent rise in 2019, according to flash estimates released by the Housing and Development Board (HDB) on Monday (Jan 4). According to the flash estimates, prices in the fourth quarter of 2020 rose 2.9 per cent over that in the previous quarter. Prices in the third quarter of 2020 increased by 1.5 per...

Future Build-to-Order flats in prime locations may be further subsidised so that they remain affordable, but they may also face some restrictions on resale conditions, said National Development Minister Desmond Lee on Friday (11 Dec). In a Facebook post, Mr Lee said that a new housing model is necessary for public housing in "new areas with very prime attributes", as they will be "a lot more expensive"...

A new type of public housing with senior-friendly design features and subscription to care services will be launched for sale in February’s Build-to-Order (BTO) exercise, authorities announced on Thursday (Dec 10). The flats, known as Community Care Apartments, are for home buyers aged 65 and above. To be located at Bukit Batok West Avenue 9, buyers will have the flexibility to choose a lease...

The number of Housing and Development Board (HDB) flats sold in the resale market in the third quarter rose by 127.3 per cent after the lifting of Singapore's "circuit breaker" in June. Official figures released on Friday (Oct 23) showed that 7,787 flats were sold from July to September this year, rising from the 3,426 sold in the second quarter. On a year-on-year basis, the number of resale...