374 households of the newly-completed Tivela precinct in Sengkang Central are among the first to benefit from a more extensive warranty scheme. The Housing and Development Board's (HDB) ASSURE 3 was introduced for new flats launched for sale from 2005. It covers selected defects in the units for between five and 10 years from the completion date of the flats. Fixing defects such as spalling concrete,...
hdb news
With the Housing and Development Board's (HDB) development costs up over the last year, young couples looking to buy a new flat may ask: Would I have to pay more? For Financial Year 2007-8, tender prices for its construction works grew about 22 per cent. In June, National Development Minister Mah Bow Tan had estimated they could jump another 20 per cent this year. Releasing the HDB annual report on...
CALL it a combination of financial need or greed, and exploding demand: As of last month, 21,000 flats had been rented out by Singaporeans, a near 60-per-cent spike from the 13,200 units just 17 months ago. Coming as it does three years after subletting rules were relaxed, Housing and Development Board chief executive Tay Kim Poh attributes this recent surge to changing market dynamics. "Rentals for...
Young adults are placing their parents on the waiting list because they don't want to live with them TWO current issues should raise some concern among Singaporeans. First, the tripling in the number of applications for HDB rental flats, as highlighted by Prime Minister Lee Hsien Loong at the National Day Rally, and second, news that more families are facing difficulty paying their electricity bills....
Singapore's Housing & Development Board (HDB) said it is offering 8,400 new flats this year, which is 40 per cent higher than the 6,000 units offered in 2007. Of these, 5,000 flats have already been launched, with a good part of them sited in Punggol, which is earmarked as a waterfront town. Plans are also in the pipeline to address the issue of rising construction costs and high demand for public...
More first-time owners are turning to the resale market to meet their housing needs, said the Senior Minister of State for National Development Grace Fu. Replying to a question from MP for Sembawang GRC Lee Wee Kiak in Parliament on Monday, Ms Fu said that in the second quarter of this year, there were 1,470 cases of first-timer flat buyers buying resale flats using the CPF Housing Grant. This is a 75...
Mainboard-listed construction firm Chip Eng Seng has won a S$156 million contract to design and build residential units in Punggol West for the Housing and Development Board (HDB). The deal includes the construction of a car park and community facilities. Construction is expected to begin in April next year, pending HDB approval, and is estimated to take 30 months to complete. This is the third...
The Lease Buyback Scheme (LBS) to help low-income households monetise their flats for their retirement needs could be implemented as early as January next year. Senior Minister of State for National Development Grace Fu gave this update in Parliament on Tuesday when replying to a question brought up by MP for Aljunied GRC Cynthia Phua. Under the scheme, first announced by Prime Minister Lee Hsien Loong...
The Housing and Development Board has awarded the tender for a public housing site under Design, Build and Sell Scheme (DBSS) to Ho Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Hoi Hup JV Development Pte Ltd. Their successful joint bid was S$198,822,000 for the site at Lorong 1A Toa Payoh. The plot has an area of 27,479.9 square metres and an allowable gross floor area of 115,415.58 square...
The Housing and Development Board (HDB) will complete its review of the Public Rental Scheme as early as year end, says National Development Minister Mah Bow Tan. The HDB will tighten eligibility criteria for rental flats and help moderate demand. But from now, applicants with more urgent needs will be able to bypass the long queue to get their flats. The HDB is also increasing the number of rental flats...