SUPERMARKET chain Sheng Siong will not be allowed to convert the six wet markets it recently bought for other uses - even if all the stallholders move out. The Housing Board said in a statement yesterday that there is still demand for wet markets and it will ensure the needs of residents are met. The statement comes in the wake of a 30 per cent rental hike Sheng Siong imposed in five of the wet markets...
hdb news
IT HAS been the practice and requirement that an HDB valuation report is obtained for the sale of an HDB flat. Most buyers are not aware that they do not have to pay for it. The sellers or their property agents have commonly pushed this cost to the buyers. It is neither an HDB policy nor guideline that the buyer must bear the cost of the valuation report. It is entirely between the seller and the buyer...
IN the light of concerns about the recent rent hike at five of Sheng Siong Properties' wet markets, the Housing & Development Board (HDB) has clarified its position on the issue. HDB says the five wet markets in question were purchased by Sheng Siong from Heeton Holdings on Jan 4. In approving the sale, HDB says it specified that the properties must continue to be operated as wet markets and made...
According to an HDB survey, over 98 per cent of residents said they developed a sense of belonging to their estate. Neighbourliness is also strong amongst those polled. Over 94 per cent said they do have casual conversations with neighbours. This is an improvement from the 82 per cent seen in the last survey. While most neighbours are comfortable with exchanging a greeting or two, the comfort level...
The Housing and Development Board (HDB) has assured residents that it will ensure that their marketing needs are met in the wake of the recent rent hike at five wet markets operated by Sheng Siong. The HDB said it has received feedback from local advisors and residents, expressing concerns over the rent hike. HDB said: "Besides these wet markets, there are also other markets and supermarkets...
WITH prices of public housing busting records in recent months and concerns escalating over supply and affordability, the man overseeing Singapore's red-hot property market has found himself in the hot seat. But the ever unflappable National Development Minister refuses to be unnerved by the emotionally charged debate now playing out online and in newspaper forums. Rather, in his first full interview...
THE Government is concerned about home owners cashing out from their flats prematurely and is considering ways to discourage them from doing so, said National Development Minister Mah Bow Tan. The review comes amid concerns over a growing number of home owners who sell their Housing Board (HDB) flats to pay off debts or buy luxury items - and then return to the HDB to seek help with housing. Mr Mah told...
A RARE penthouse maisonette in Bishan Street 24 has become the most expensive HDB flat ever to be sold in Singapore. Its owner has accepted an offer for $900,000 for the 1,860 sq ft flat - $170,000 above its valuation. The buyers are an Indian Singaporean couple, according to a report in Lianhe Wanbao yesterday evening. It said the flat, which is on the 24th floor, was bought by the current owner 10...
Agents report drop in number of purchase enquiries and applications Recent government measures to curb speculation in HDB flats appear to have affected sentiment in the resale market, at least for now. Property agents BT spoke to recount cases of buyers walking out of deals shortly after the new rules were announced. A few also observed a drop in the number of purchase enquiries or applications. The...
A family in Singapore nearly sold their home in Strathmore Avenue for $950,000 - possibly the highest amount fetched for an HDB flat. But the deal did not go through. The buyer could not get a bank loan for the rare penthouse valued at $875,000. The Queenstown flat joins another HDB flat which recently made the news for its equally lofty price. The property - a rooftop maisonette in Bishan Street 24 -...