New flats in Bidadari continue to be in demand among potential homebuyers, with five-room and multi-generation units being the most oversubscribed in the first Build-To-Order (BTO) sales exercise of 2016. As at 5pm on Tuesday (Mar 1), five-room and multi-generation flats in Bidadari's Alkaff Oasis were the most coveted, with 3,020 applicants vying for just 236 units - an application rate of 12.8 per...
hdb news
The Housing and Development Board (HDB) approved 200,000 applications for an HDB Loan Eligibility letter between 2012 and 2015 and of these, one in five, or 40,000, appealed for a larger housing loan. Appellants generally asked for a larger loan so they could widen their flat choices, without specifying a loan quantum, Minister for National Development Lawrence Wong said in a written parliamentary...
Demand for Executive Condominiums (EC) has slowed sharply in the past two years, following the introduction of cooling measures by the Government. Demand for the hybrid housing type was red hot in 2012 to 2013, when 14 out of 16 new EC projects were at least 33 per cent sold within the first month of their launches. To cool the EC market, the Government implemented measures in late 2013, including a 30...
Shops sold by the Housing and Development Board on a 30-year-old lease will be returned to the lessor - the HDB - upon the expiry of the lease, National Development Minister Lawrence Wong reiterated in Parliament on Tuesday (Mar 1). Where possible, and if in line with future planning intentions, HDB can consider allowing these shopowners to rent the shops after the lease expires, he added. In...
In the last two years, the Housing and Development Board (HDB) has received more than 230 requests from those living in public rental flats for a change of tenant under the Joint Singles Scheme, Minister of State for National Development Koh Poh Koon said in Parliament on Monday (Feb 29). There are around 12,000 households under the scheme. In 2015, HDB received 2,184 rental applications – of...
About half of this year’s new Housing and Development Board (HDB) flats (about 9,000) will be launched in mature towns, said National Development Minister Lawrence Wong on Wednesday (Feb 24). This proportion is higher than last year where new flats in matured estates accounted for one-third of the supply. “We are trying to do more for mature estates because we know that there’s demand,” said...
A total of 4,170 flats in Bukit Batok, Sengkang and Bidadari were launched on Wednesday (Feb 24), the Housing and Development Board (HDB) announced in a press release. A wide range of flats, comprising two-room Flexi to Three-Generation (3Gen) flats will be launched during this exercise, said HDB. A total of 1,594 flats will be launched in Alkaff Oasis, situated in the mature estate of Bidadari in...
DESPITE sluggish EC sales, the top bid for an executive condo site in the Hougang/Yio Chu Kang area has come in towards the high end of market expectations. The 99-year leasehold site is not near any MRT station but is considered attractive as it is nestled in an established HDB estate, which provides a catchment of potential buyers for the future EC project, and is near amenities (including Hougang 1...
The resale prices of Housing and Development Board (HDB) flats fell 0.5 per cent in January, the first decline in seven months, SRX Property said on Thursday (Feb 4). Prices of three- and four-room flats fell by 0.5 per cent and 1 per cent, respectively. In contrast, five-room and executive flats rose by 0.2 per cent and 1.4 per cent, respectively, the flash estimates showed. Overall resale prices...
Resale prices for flats fell 1.6 per cent for the whole of 2015, according to data released by the Housing and Development Board (HDB) on Friday (Jan 22). The Resale Price Index (RPI) for the fourth quarter came in at 134.8, up just 0.1 per cent from the previous quarter’s 134.6, HDB said. The index provides information on the general price movements in the resale public housing market. Resale...