The Housing and Development Board (HDB) on Friday (Sep 18) reported a deficit of S$2.02 billion for the financial year ended in March 2015. This is 2 per cent more than in the previous year, where a deficit of S$1.97 billion was incurred. The bulk of the FY2014/2015 deficit comes from HDB's home ownership segment, which covers the development and sale of flats. This came in at S$1.75 billion, down from...
hdb news
Much has been done in the area of housing, but it remains a “work-in-progress” in the face of changing demographics, said National Development Minister Khaw Boon Wan, who on Monday night (Sep 7) reminded voters that this General Election (GE) is like buying a new house — too important to leave to chance. Speaking at a People’s Action Party (PAP) rally for Sembawang Group Representation...
The resale volume of Housing and Development Board (HDB) flats slipped again in August after registering a decline in July, SRX Property said on Thursday (Sep 3). A total of 1,447 HDB resale flats were sold last month, down 6.8 per cent from the 1,552 transacted units in July. However, compared to a year ago, resale volume was up 9 per cent, according to SRX Property's flash estimates. Resale prices...
The increases in income ceilings for households buying new Housing and Development Board (HDB) flats and Executive Condominiums (ECs), and the Proximity Housing Grant will drive more buyers to the public-housing market and hit the private residential sector, said analysts on Sunday (Aug 23). In his National Day Rally speech, Prime Minister Lee Hsien Loong announced the raising of the income ceilings for...
More Singaporeans will be able to apply for new Housing and Development Board (HDB) flats and Executive Condominiums (ECs) now that the income ceiling for buyers has been raised to S$12,000 for new HDB flats, and S$14,000 for ECs. While the HDB is expected to be cope with the new demand, industry-watchers said that with close to 3,000 ECs in the market still unsold, this is an opportunity for private...
Families looking to buy a resale flat to live with or near their parents or children will get an additional S$20,000 to offset costs, under the new Proximity Housing Grant (PHG) aimed at getting extended families to live near each other for mutual support. This is on top of the maximum S$30,000 CPF Housing Grant first-timer families get when they purchase a resale flat, and double the S$10,000 given...
To further help lower-income and middle-income households afford their first homes, the Special CPF Housing Grant (SHG) will be increased. The changes, which were announced on Sunday (Aug 23) at the National Day Rally, will apply from the September Build-To-Order exercise. The household income ceiling for the SHG will be raised to S$8,500, up from the current S$6,500. The maximum grant amount also will...
To help more Singaporeans qualify for new HDB flats, the income ceiling to purchase a new Build-to-Order (BTO) flat will be raised from S$10,000 to S$12,000. As for those looking to buy an Executive Condominium, the income ceiling will be raised from S$12,000 to S$14,000. Announcing this at the National Day Rally on Sunday (Aug 23), Prime Minister Lee Hsien Loong noted that the change was timely as...
The Republic's housing programme has helped more than 90 per cent of HDB dwellers own their flats, but Prime Minister Lee Hsien Loong noted that a small group still live in rental units. In his speech in Malay for the National Day Rally on Sunday (Aug 23), Mr Lee said that within this group, the Malay community is over-represented and many are young families with marital and financial problems -...
About 100,000 first-timer applicants, including families and singles, have bought a new HDB flat since 2008. National Development Minister Khaw Boon Wan said this in a written parliamentary reply to MP Gan Thiam Poh on Monday (17 Aug). Among the successful applicants, about 50,400 have collected keys to their flats. Another 6,700 will be collecting their keys later this year, added Mr Khaw. "We...