Punggol residents can expect a new shopping mall as large as Junction 8, in their town centre, when the Housing and Development Board (HDB) launches the first sale site at Punggol in the next two to three years. The site will be used for a mixed commercial and private residential development. Earmarked as Singapore’s waterfront town, much of the activities in Punggol will centre around a new...
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Bogus contractors are apparently making their rounds at Woodlands Drive. Residents said contractors claiming to be from the town council and the Housing and Development Board (HDB) have been knocking on their doors. The contractors showed some form of identification document to justify their claims before recommending that residents change their door locks. They cited a rise in theft cases in the...
The Housing and Development Board (HDB) will launch on Wednesday a land parcel at Sengkang East Avenue for executive condominium development under the Reserve List System. HDB said the 17,000 square metre plot will have a permissible gross floor area of over 51,000 square metres. Property consultants estimate that the 99-year lease site could fetch about 450 to 500 units, with a land price of S$110 to...
Prices of HDB resale flats rose by 3.7 percent in the first three months of this year over the previous quarter. The rise in the Resale Price Index (RPI) was lower than the 5.7 percent increase in the fourth quarter of last year. Resale transactions fell by about 6 percent, from 6,750 cases in Q4 2007 to about 6,360 in Q1 2008. The median Cash-Over-Valuation (COV) amount among all resale transactions in...
THE Housing and Development Board (HDB) received 5,700 applications for 490 flats in its final bi-monthly sale of four-room and larger units that closed on Wednesday. Bi-monthly sale exercises attract more applicants and a higher take-up rate, as the flats on offer are either completed or nearing completion, said the HDB. But with the progressive clearance exercises of unsold flats, fewer units are left...
The Housing and Development Board's (HDB) April sale of four-room and bigger flats closed on Wednesday, with 5,700 applications for the 490 flats offered. These flats are located in various towns such as Bukit Batok, Bukit Panjang, Choa Chu Kang, Jurong East, Jurong West, Sembawang, Woodlands and Yishun. HDB said the take-up rates for its Bi-monthly Sales Exercise are high because the flats offered are...
Three-year wait likely, so couples in a hurry will have to resort to resale market AS MORE flats come on stream under the Housing and Development Board’s (HDB) build-to-order (BTO) scheme, the board says such units will be its main source of supply in future, and would-be home buyers would have to factor in a three-year wait. This is because construction work on a project under the scheme will only...
The Housing and Development Board (HDB) said build-to-order (BTO) flats will constitute the main supply of new flats going forward. HDB also plans to build another 5,000 units under this scheme, between now and September 2008. The move comes as HDB’s stock of unsold flats is progressively being taken up. During the days of excess supply of HDB flats, there were over 25,000 ready-built flats waiting...
Property leasing firm EM Services has put in the top bid of S$180,810 for nine blocks of HDB flats at Commonwealth Drive for interim housing. Its bid was 30 percent more than the next highest offer of S$138,888 from Hean Nerng Holdings. The tender by the Housing and Development Board attracted a total of 13 bids. The lowest came in at S$37,800 from a consortium led by B19 Technologies. Under the tender...
HDB is studying refinements to weed out non-serious applicants I refer to the letters from Samuel Lee, “Oh, that elusive HDB flat” (March 28), and from Kalista Nisha, “Different families, different needs” (March 31). We would like to clarify that the $10 fee payable for HDB sales exercises is to cover part of the Housing and Development Board’s (HDB) administrative cost in processing the...