The resale market for Housing and Development Board flats in Singapore continued to slide, with the Resale Price Index down by 0.3 per cent and the number of transactions slipping 7.4 per cent in the third quarter of the year. In a press release on Friday (Oct 23), HDB said that the Resale Price Index fell by 0.3 per cent, from 135.0 in the previous quarter to 134.6 in the quarter ended Sep...
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More new flats could be offered next year, as the Government expects demand to increase with recent policy changes such as a higher income ceiling and more CPF grants. National Development Minister Lawrence Wong said on Friday (Oct 16) that the supply will likely be below 20,000 units, and a "slight adjustment" from the 15,000 units planned for this year. “We had a huge housing programme where we...
Credit rating agency Moody's assigned its strongest rating to the Housing and Development Board (HDB), citing its close integration with national policies, as well as the strong fiscal oversight and financial support offered to the housing agency by the Singapore Government. Apart from the Aaa rating for the HDB, which is on par with the rating assigned to the Singapore Government, Moody's also issued a...
Prices for Housing and Development Board (HDB) resale flats fell slightly by 0.4 per cent in September when compared to August, while transaction volume rose by 3.9 per cent, according to the latest data released by SRX Property. In a report released on Thursday (Oct 8), SRX said prices for 3-room, 4-room and 5-room flats decreased by 0.1 per cent, 0.6 per cent and 1.1 per cent respectively, while the...
Flash estimates of the Resale Price Index (RPI) for the third quarter of 2015 showed a 0.3 per cent decline in the prices of Housing and Development Board (HDB) flats over the previous quarter, HDB announced on Thursday (Oct 1). The flash estimate for the index is 134.6, HDB said, down from 135.0 in the previous quarter – the ninth consecutive quarter of decline. The RPI for the full quarter will...
The first executive condominium (EC) project to be launched since the Government raised the qualifying income ceiling from S$12,000 to S$14,000, opened for bookings on Saturday (Sep 26). Called Signature at Yishun, the project's developer said about 20 per cent of its units have been sold as of 5pm. "There are buyers whose income is more than S$12,000. The percentage I would estimate is 20 per cent...
A "bumper crop" of 12,000 Housing and Development Board flats will be made available in November, National Development Minister Khaw Boon Wan announced on Wednesday (Sep 23). The September launch of Build-to-Order flats was delayed to incorporate three new policies announced by Prime Minister Lee Hsien Loong at the National Day Rally in August: A new 2-Room Flexi Scheme, an increase in the income...
A record 14 projects were recognised at this year's HDB Design Awards, with the top honours going to SkyTerrace@Dawson for its park-like environment and multi-generational loft units paired with studio apartments. Completed in early 2015, the Design Award-winning SkyTerrace@Dawson comprises five 40- to 43-storey high residential blocks linked to a four-storey carpark podium. The blocks are located next...
A total of 2,150 new flats in Bidadari estate will soon be launched for sale under the HDB’s next Build-to-Order (BTO) exercise, expected by the end of September. The BTO flats will comprise two- to five-room units. This will be the first batch of HDB flats on offer in the new estate and priority will be given to those whose parents live in Toa Payoh, Potong Pasir or within the 2km radius. The...
A Build-To-Order (BTO) project in Hougang has become the first public housing project to receive the highest Building and Construction Authority (BCA) accolade for construction quality, said the Housing and Development Board (HDB) on Sunday (Sep 20). Hougang Capeview, which comprises 781 residential units in six blocks at Upper Serangoon Road, received a Construction Quality Assessment System (CONQUAS)...