HDB resale prices rose 0.1 per cent in August from July, according to flash estimates by real estate portal SRX Property on Thursday. August is the first full month since surprise measures aimed at cooling the private residential market took effect in early July. But it is also traditionally a quieter month, as it coincides with the month-long Hungry Ghost Festival. Prices in August have dipped 1.7...
The redevelopment of ageing properties is an important stage in the life cycle of urbanised cities with limited land supply. For a small country like Singapore, when houses built in the country’s early years age, redevelopment becomes increasingly pertinent both from an economic and urban renewal perspective. Ageing houses, if not redeveloped, have significant implications for the community and...
The claims that HDB flat buyers do not own their flats and are renting them is "factually and legally wrong", said Minister for National Development Lawrence Wong. There is also no basis to such a claim, he said at the HDB's Peak Forum for building professionals on Tuesday (Sep 4). Mr Wong added that all buyers of leasehold properties, private or public, enjoy ownership rights over their properties...
Housing Board flats were launched in two northern towns, but those in Punggol garnered more attention than the ones in Yishun. As of 5pm yesterday, there were 5,608 applications for 1,221 three-room and larger flats - 4.6 times as many - in the new waterfront district of Punggol Point, the most north-eastern part of the town where it meets the Johor Strait. In contrast, there were just 60 per cent as...
The Housing and Development Board (HDB) on Tuesday (Sep 4) announced it will progressively roll out over the next five years 24 “design guides” for each of its towns, beginning with Woodlands in the north. Each guide will be a unique, comprehensive document broken down into three different levels - town, neighbourhood and precinct. It will provide a common reference point for different agencies,...
Tengah, a new public housing estate in western Singapore, will have land about a third the size of a football field for community gardening and farming. In the 2,000sqm space, residents may grow their own plants and produce, and even sell what they harvest at farmers’ markets set up in the precinct, the Housing and Development Board (HDB) said in its latest announcement. The community gardens can...
Buyers for a 50-year-old HDB flat today can very likely expect prices to continue to appreciate over the next 10 years, Minister for Transport Khaw Boon Wan said at a dialogue with youths yesterday. Mr Khaw debunked claims that HDB flats are not assets just because the lease is for a limited 99-year period. "If you buy a 70-year-old flat, there is still appreciation potential especially because this...
Kampung Admiralty, the pioneering retirement community recently lauded by Prime Minister Lee Hsien Loong in his National Day message, has won two awards in design and construction, announced the Housing and Development Board (HDB) on Sunday (Sep 2). The dual honour will be presented as part of 31 HDB awards for design, construction and engineering feats. It recognises Kampung Admiralty’s...
Singaporeans have been able to make profits from the sale of Housing Board flats, and that proves they are owners, not mere tenants, said Minister in the Prime Minister's Office Indranee Rajah yesterday. "If you're not the owner, then you don't get to keep the profit either because tenants don't get to sell," she stressed, when responding to a question from a member of the Indian community during a...
Allowing those who are taking a home loan package from the Housing Board to have options in how they want to use their Central Provident Fund (CPF) money is a “good” move that will give flat buyers greater flexibility in planning for their finances, experts said. However, there could be some risks of over-leveraging as would-be homeowners take up bigger loans, they cautioned. In an announcement...
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