The Government will need to tread carefully in allowing buyers to use more of their Central Provident Fund (CPF) savings to buy older flats, as there could be a risk of them over-dipping into their retirement savings parked under the national social security savings scheme, some analysts said in response to the latest Housing and Development Board (HDB) announcements. Mr Lawrence Wong, Minister for...
Minister for National Development Lawrence Wong said in a blog post on Monday that his ministry is looking into how to let buyers of shorter-lease flats use more of their CPF funds for their purchase, without compromising their retirement savings. Improving the liquidity of the resale market for older flats, he said, would facilitate an elderly resident’s move to a smaller unit. Currently, CPF...
The housing initiatives announced at the National Day Rally — particularly the new Voluntary Early Redevelopment Scheme (Vers) — will go some way to reassure homeowners whose leases are running down, said some analysts interviewed by TODAY. Nevertheless, the devil is in the details, and whether the scheme will provide a viable solution to the hotly-debated lease decay issue remains to be seen, they...
An executive condominium site along Anchorvale Crescent was put up for sale by public tender on Friday (Aug 10), HDB said in a press release. The 17,137-sq-m land parcel can yield a maximum of 550 units. It was triggered for launch from the Reserve List of the Government Land Sales (GLS) Programme on Jul 25, after a developer committed to bid at least S$255 million. Land parcels on the Confirmed...
About 4,300 new flats in Punggol and Yishun will be offered for sale next month, the Housing and Development Board (HDB) said in its release of public housing data for the second quarter. In addition to the Build-to-Order (BTO) launch, a Re-Offer of Balance Flats sales exercise will also be held at the same time, HDB said on Friday (Jul 27). Resale prices for flats inched up 0.1 per cent in the...
A 99-year leasehold site for executive condominium (EC) housing development along Anchorvale Crescent has been triggered for launch from the reserve list of the Government Land Sales (GLS) Programme. This follows a successful application by an unnamed developer to bid at least S$255 million for the site at tender. This works out to nearly S$461 per square foot per plot ratio (psf ppr). The...
Residents of new public housing projects launched from July onwards will live in more nature-centric neighbourhoods, with greenery to reduce heat and noise, as well as space for community farming. Under the Biophilic Town Framework, all new precincts will be developed with the aim of allowing residents to connect better with nature, the Housing and Development Board (HDB) said on Wednesday (Jul...
The Housing and Development Board (HDB) resale market could see a slight increase in interest from buyers hard-pressed to buy a private property after new cooling measures were introduced last week, but the overall demand is unlikely to be substantial enough to make much of an impact on the market, analysts said. In a surprise announcement on Jul 5, the Government raised Additional Buyer's Stamp Duty...
The supply of new flats will be “reduced slightly”, the Housing and Development Board (HDB) said on Monday (Jul 2) in its flash estimate of resale prices for the second quarter. Resale prices for flats inched up 0.1 per cent in the March to June period compared to the previous quarter, with the Resale Price Index (RPI) coming in at 131.7. The index provides information on the general price...
Solar panels are set to be installed in blocks of public flats managed by the West Coast and Choa Chu Kang town councils, in a move to reduce Singapore's carbon emissions and, in turn, the effects of climate change. Work will begin in the current third quarter, said the Housing Board yesterday when it said the tender for the job had been won by a consortium made up of Sembcorp Solar Singapore and...
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