Market values of new Build-to-Order (BTO) flats are determined by prices of comparable resale flats nearby, individual attributes of the flat and prevailing market conditions, said National Development Minister Desmond Lee in Parliament on Wednesday (Oct 14). Thereafter, a subsidy is applied to ensure that flats are priced at a “significant discount” to the market, he said, adding that the approach...
Even as Singapore is experiencing its worst economic downturn, eight government-built flats still sold for above S$1 million in the resale market in September. A report by real estate portal SRX on Thursday (Oct 8) showed that this includes one five-room Housing and Development Board (HDB) flat at The Pinnacle@Duxton in Tanjong Pagar, which sold for S$1.258 million. It is believed to be a record...
Prices of Housing Board (HDB) resale flats increased for the third consecutive month in September, with demand remaining elevated after the nearly two-month-long circuit breaker period. HDB resale prices rose by 0.8 per cent in September compared with August, and was 3.1 per cent higher than the previous year. However, they are still 11.4 per cent lower than their peak in April 2013. In all, 2,489...
Flat owners may have their flats seized by the Housing Board (HDB) if they intentionally make misleading or false statements when transferring flat ownership, following changes to a law that Parliament passed on Tuesday (Oct 6). Currently, such compulsory acquisition is allowed only when flat owners deliberately make a misleading or false statements for the purchase of flats, and not for the transfer of...
Resale prices in the public housing market rose 1.4 per cent in the third quarter, according to flash estimates released by the Housing and Development Board (HDB). This comes after prices inched up 0.3 per cent in the second quarter and held steady in the first quarter. The resale price index, which provides information on the general price movements in the resale public housing market, rose from...
The Housing and Development Board (HDB) will further extend the suspension of late payment charges on HDB mortgage arrears to Mar 31 next year, to help cushion the impact of COVID-19, said National Development Minister Desmond Lee on Thursday (Oct 1). HDB suspended late payment charges on mortgage arrears for three months in April, then extended it to Sep 30. In a Facebook post, Mr Lee said that...
In August, five Housing and Development Board (HDB) resale flats transacted for at least S$1 million, as prices across the housing segment continued inching higher despite the Covid-19-battered economy, a report released on Thursday (Sept 3) said. Property experts responding to the Singapore Real Estate Exchange (SRX) flash report told TODAY the HDB resale market is showing signs of strong resilience,...
The Housing and Development Board (HDB) said on Wednesday (Aug 12) it has launched more than 7,800 new flats for sale, including the first batch of units near Singapore's first car-free town centre in Tengah. A total of 7,862 flats are available in the August Build-To-Order (BTO) exercise, which includes units held over from the May sales exercise after it was cancelled due to the Covid-19 "circuit...
The number of Housing and Development Board (HDB) flats sold in the resale market in the second quarter plunged 41.9 per cent amid the COVID-19 "circuit breaker" period. Official figures released on Friday (Jul 24) showed a total of 3,426 flats were sold from April to June, falling from the 5,893 sold in the first quarter. On a year-on-year basis, the number of transactions was down 45.4 per cent,...
Retail sales assistant Joyce Loh and her husband were supposed to get the keys to their new Build-To-Order (BTO) flat in Bukit Batok last month but will now have to wait till the start of next year. Their block in West Plains @ Bukit Batok is one of several in BTO projects facing a longer delay of up to nine months, in a revision of an earlier estimation of six months, the Housing Board (HDB) told The...
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