Prices of resale HDB flats continued to rise in the fourth quarter of last year, bringing the full-year increase to 8.2 per cent. Statistics from HDB also showed that the median cash premium paid by home buyers doubled quarter-on-quarter. But analysts said the market may be approaching a limit. 93 per cent of resale transactions in the 4th quarter of last year were above valuation and the cash premium...
hdb news
Housing analysts said it is a sellers' market right now, with resale flats being a hot commodity lately. But the Housing and Development Board (HDB) has urged buyers to exercise caution when paying high cash premiums, and to do their homework to determine if a house is truly worth its asking price. A 4-room flat in Bishan was recently put up for sale. It was valued at S$460,000 by an independent valuer...
The Housing Development Board's (HDB's) first two Build-to-Order (BTO) projects launched for the year are receiving very favourable responses. A few hours before the close of applications at 2359hrs on Monday, the 1,291 units being offered at Limbang Green in Choa Chu Kang and Buangkok Vale were more than five times oversubscribed. The four-room flats were the most popular. The 188 four-room units in...
The Housing and Development Board (HDB) will launch two Executive Condominium (EC) sites for sale on January 15. The sites, located in Sengkang and Yishun, will yield a total of about 900 units. Each site has a lease term of 99 years. The plot of land at Sengkang is located near to Buangkok MRT station with a land area of 19,000 square metres and a maximum permissible gross floor area of 57,000 square...
The Housing and Development Board (HDB) will build about 12,000 new Build-To-Order (BTO) flats this year, if demand is sustained. National Development Minister Mah Bow Tan said this would be supplemented by flats under the Design, Build and Sell Scheme as well as executive condominiums. In reply to a Parliamentary question, Mr Mah said HDB is committed to ensuring a sufficient supply of new flats. Last...
Owners of HDB flats who sub-let rooms will have to register with HDB within 7 days of doing so. The rule, taking effect from February 1, also requires owners to notify HDB when they renew or terminate the sub-letting of rooms, and when there are changes to their sub-tenants' particulars. The Housing and Development Board (HDB) said the new requirement will support the Ministry of Home Affairs's efforts...
A land parcel in Sengkang meant for a condominium development has been launched for sale by public tender. The Housing & Development Board (HDB) is launching the condominium housing site at Sengkang West Avenue and Fernvale Link for sale. Interested developers have to submit a minimum bid of S$70 million. The site was made available for sale through the reserve list in June last year. HDB said a...
As housing prices in Singapore continue to climb, the Government has announced a slew of measures to raise supply. These measures include Housing and Development Board's (HDB's) latest Build-To-Order (BTO) exercise, with 1,291 new flats launched in two locations on Tuesday. Located in Choa Chu Kang and Hougang, the majority of the new units offered in HDB's latest BTO exercise are studio apartments and...
A pair of new Build-to-Order (BTO) projects have been launched by the HDB in Choa Chu Kang and Hougang. Called Limbang Green and Buangkok Vale, the flats will cost from a low of $64,000 for a Studio flat to a high of $288,000 for a 4-room unit. The Housing and Development Board said in a news release on Tuesday that the new flats are priced below their equivalent market prices and most of the 2- to...
Prices of resale Housing and Development Board (HDB) flats rose 3.8 per cent in the fourth quarter of 2009, reaching the highest level since 1990, when records of such data began. The Resale Price Index of public flats stood at 150.7 in the fourth quarter of last year. But some said that spiralling prices will not deter potential buyers. Despite the record high prices, one real estate consultant said...