The Housing and Development Board (HDB) has received 1,540 applications for its Build-To-Order (BTO) project called Nautilus@Punggol. The project, which consists of 519 four-room and five-room flats, is HDB's latest BTO project and the first in Punggol. Prices for the four- and five-room flats are expected to cost 20 to 30 per cent less than resale flats in the vicinity. At the close of applications on...
hdb news
Prices for private property and public housing fell steeply in the first three months of the year. In the Housing and Development Board (HDB) resale market, the first drop since 2006 was seen. HDB's flash estimate, based on its Resale Price Index, showed a decline of 0.6 per cent in the first quarter compared to the fourth quarter of last year, which had registered a 1.4 per cent increase. Still, some...
The Nautilus@Punggol is the Housing and Development Board's (HDB) latest Build-To-Order (BTO) project and the first in that area. Prices for its 4- and 5-room units are about 20 to 30 per cent lower than the resale flats in that vicinity, signalling generous subsidies for these new flats. The Nautilus@Punggol will have eight blocks comprising some 520 flats. Of these, nearly 80 per cent are 4-room flats...
Bukit Panjang will be among the first few places to kick off the Neighbourhood Renewal Programme aimed at upgrading older HDB estates. S$6 million has been set aside to rejuvenate the Cashew division in the area. Nearly 1,700 homes in the Cashew division will benefit from the Neighbourhood Renewal Programme. In the pipeline are more cycling and jogging tracks, covered linkways and residents'...
Champions Court - this year's first Build-to-Order (BTO) project in Woodlands - has been oversubscribed. Almost 3,200 applications have been received for the 815 units on offer. The project comprises studio apartments, three, four and five-room flats, and applications for all types have been oversubscribed. For example, there are only 224 studio apartments on offer, but 618 applicants are vying for them....
I AM in a situation which is one I am sure, more than a handful of HDB flat buyers are in too, particularly in this economic downturn. This problem permeates almost every residential estate, with no effective solution in sight. Perhaps the solution is in the form of prevention, not cure. Late last month, I collected the keys of my HDB resale three-room flat. The paperwork had proceeded smoothly and the...
UNITED Overseas Bank has become the first in Singapore to tie up with Singapore Post to distribute HDB home loans, extending its mortgage services beyond its 57 branches. In recent years, more banks have started offering their services in non-traditional spaces - such as train stations, convenience stores and petrol kiosks - to reach out to customers. Yesterday, UOB said its HDB home loans will be, for...
WE REFER to the letters, "The social and financial impact of no-frills flats, estates" and "DBSS contractors will only sell at a profit" (Feb 11). HDB is mindful to ensure the affordability of public housing even as they are equipped with the essential amenities and basic finishes. We agree that children‚s playgrounds and neighbourhood parks are necessary to serve the needs of HDB residents, especially...
Three years ago, Mr Gurdev Singh was working in a security firm for a monthly pay of $1,200. The divorcee with a son, had just started dating. He and his girlfriend were thinking of starting a family, so he bought a flat. "Six months later, we broke off. I tried ways to keep the 5-room flat. I tried my very best until I couldn't make it," he recalled. Mr Singh negotiated with the Housing Development...
AT 72, Mr Koh Chiong Eng is worried he may lose his job as a petrol pump assistant. That is why he was among the five who signed up for the Lease Buyback scheme, which was officially launched yesterday some two years after Prime Minister Lee Hsien Loong mooted the idea. "I can‚t take the flat with me if I die. It‚s better to sell it to the Government and get some money to meet my daily needs," he...