The Housing and Development Board (HDB) will launch the public tender for a residential site at Bukit Panjang later this week. HDB says it has accepted an application under the reserve list system from a developer to put the land parcel up for tender. Under the reserve list system, the government will put up a reserve list site for public tender if it receives an application from a developer who commits,...
hdb news
Property agents said on Tuesday that flat prices in opposition-held wards, Hougang and Potong Pasir, are likely to rise if they are selected for lift upgrading. This is after the government announced on Monday that the two are among the 65 precincts in Singapore that are eligible for the popular improvement programme this financial year. Selected precincts will be announced in two to three months. Once...
For the first time, opposition-held Potong Pasir and Hougang will be eligible for the Lift Upgrading Programme (LUP) for 65 precincts islandwide. Senior Minister of State for National Development Grace Fu revealed this to the media on Monday at a Home Improvement Programme (HIP) event. Residents received upgrades to their piping, laundry areas and electrical systems and 33,000 more households across...
National Development Minister Mah Bow Tan said the HDB resale market is stable despite prices rising 1.2 per cent between April and June. Market watchers had expected HDB prices to continue to slide with recessionary pressures. Although HDB resale prices have risen in the last quarter, Mr Mah said there is no real cause for concern for now as long as there are no wild fluctuations in price movements and...
344 Singaporeans have signed up for the Housing and Development Board's Lease Buyback Scheme since its launch in March. HDB gave out its first batch of upfront payment of S$5,000 to flat owners on Tuesday. Residents in the 30-year-old Queenstown estate were the first to receive the initial payouts from the HDB Lease Buyback Scheme. Under the scheme, senior citizens aged 62 years and above from...
Rental flats today are no longer just a shelter for the destitute. With the worsening economy, some middle-class families, faced with financial hardship, have been forced to downgrade. How are the newly poor, who are now moving into one-room flats, coping with their new environment, envy and hostility? THIS is the last place Mr Ramah Arif (not his real name), 33, expected to end up. A cheap, far from...
The Housing and Development Board’s (HDB’s) latest Build-To-Order (BTO) project in Sengkang has attracted almost thrice the number of applicants compared to units available. Fernvale Crest has a total of 1,992 applications versus 700 units available. Fernvale Crest has, by far, the most number of small flats in a BTO development. Its two-room flats were the least popular, with 169 applications...
The poor economic climate has affected many neighbourhood retailers but there'll be some relief through the housing board's scheme to bring shoppers back into the heartlands. It's spending S$12 million to renovate 33 sites islandwide, covering some 3,000 shops, more than double the amount spent in its pilot scheme in 2007. The owner of a fish stall in Bukit Batok estate said his business saw a 10 to 20...
Nearly 75 per cent of flats on offer at a new Build-To-Order (BTO) project are two- and three-room flats. The Housing & Development Board (HDB) said the 700-unit development, Fernvale Crest at Sengkang, comprises 512 two- and three-room flats. HDB said this is the largest number and proportion of smaller flats offered for sale in a BTO project. The 140 units of two-room flats are priced at between...
SOME 17 months after the idea was mooted, a proposal to privatise an HUDC estate in Hougang remains in limbo. This, despite the fact that to date, 282 resident owners have voted in favour of it, more than the 75 per cent required. The Housing and Development Board (HDB) says that it is still working out the conversion costs. However, some residents wish that the HDB could act faster to decide on the...