RESALE volumes of HDB flats rose in April as prices continued to moderate by 0.1 per cent from a month ago, figures from SRX Property on Thursday shows. According to HDB resale data compiled by SRX Property, 1,828 HDB resale flats were sold in April, a 10.3 per cent increase from 1,657 transacted units in March, and 13.5 per cent higher than a year ago. "The volume represents a record high since the...
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Keen to have a second property as a “vacation house”, 46-year-old Mr Khoo has been on the lookout for a private condominium since the start of 2016. The Singaporean, who did not want his full name to be used, currently owns an HDB flat with his wife, so he was keen on taking up his property agent’s suggestion to “decouple” from his existing property to avoid having to pay Additional Buyer’s...
Heartland retailers will receive greater financial assistance for upgrading works under the enhanced Revitalisation of Shops (ROS) scheme, announced the Ministry of National Development (MND) on Monday (April 11). The upgraded ROS package, which will cost about S$15 million yearly, was first revealed by Finance Minister Heng Swee Keat in his Budget statement last month. Since 2007, about half of all...
Details of the Fresh Start Housing Scheme, which aims to help second-timer families in rental flats buy a home, were released on Monday (Apr 11). Minister of National Development Lawrence Wong said his ministry aims to introduce the scheme by the end of the year. Speaking in Parliament as part of the Committee of Supply debates, Mr Wong said that the scheme targets parents with school-going children....
The Tengah new town, which had been announced earlier, will be integrated with Jurong Innovation District and planned as a "Forest Town", announced National Development Minister Lawrence Wong in Parliament on Monday (Apr 11). Tengah new town will be next to the Jurong Innovation District, which was earlier announced by Finance Minister Heng Swee Keat during his Budget 2016 statement, said Mr Wong. The...
Resale prices of flats dipped 0.1 per cent in the first quarter of the year compared to the previous quarter, according to flash estimates from the Housing and Development Board (HDB) released on Friday (Apr 1). The decline comes after the Resale Price Index (RPI) for the fourth quarter rose 0.1 per cent from the previous quarter. The RPI for the first quarter of 2016 came in at 134.6, down...
Observers have said there are still some outstanding issues with the Fresh Start Housing Scheme that they hope can be addressed in the upcoming Budget, which is set to be delivered at 3.30pm on Thursday (Mar 24). The scheme aims to help public rental tenants, especially those who previously owned flats and have young children, to own their own flat. The Housing and Development Board and National...
The Housing and Development Board (HDB) will be flexible in assisting households with a third HDB housing loan, but this will be on a case-by-case basis and typically for households that need urgent assistance but cannot secure mortgage financing from banks, said National Development Minister Lawrence Wong. In Parliament on Monday (Mar 14), Mr Wong qualified by saying that these households must have...
Rentals of both private apartments/condos and Housing & Development Board (HDB) flats fell in February 2016, SRX Property's latest flash estimates showed. However, HDB flat rents have been showing greater resilience compared to those of non-landed private homes, on a longer-term basis. Based on the flash estimates for last month, SRX Property's overall rental index for non-landed private homes has eased...
The resale prices of Housing and Development Board (HDB) flats inched up in February after a slight decline in January, SRX Property said on Thursday (Mar 3). On a month-on-month basis, HDB resale prices were up 0.2 per cent in February. In January, prices fell by 0.5 per cent after rising for six consecutive months. Prices of three- and four-room flats rose by 0.2 per cent and 0.8 per cent,...