The Housing and Development Board (HDB) resale market showed signs of recovery last month, with the number of units sold reaching a two-year high and prices inching up by 0.1 per cent, the Singapore Real Estate Exchange (SRX Property) said on Thursday (Jul 9). A total of 1,709 HDB resale flats were sold in June, an increase of 8.5 per cent from the previous month and up 30 per cent from a year ago. The...
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Your home could eventually be part of a test-bed for solutions to enable smart living. Under Singapore's drive to become the world's first Smart Nation, existing public housing estates will participate in a technology trial to see how devices can be integrated into daily life. The Housing and Development Board (HDB) will conduct the trial, with more details to be provided at a later date. It will gather...
Flash estimates of the Resale Price Index (RPI) for the second quarter of 2015 showed a 0.4 per cent decline in the prices of Housing and Development Board (HDB) flats over the previous quarter, HDB announced on Wednesday (Jul 1). The flash estimate for the index is 135.0, HDB said, down from 135.6 in the previous quarter – an eighth consecutive quarter of decline. The RPI for the full quarter will...
Education Minister Heng Swee Keat will oversee a special taskforce formed to look into the complaints of residents living in the Centrale 8 Design, Build and Sell Scheme (DBSS) estate in Tampines. The move comes after a group of residents had sent a petition to Members of Parliament (MPs) from Tampines GRC about the recurring defects found in their homes. In an email to the residents by the chairman...
The Housing and Development Board (HDB) is moving to bring studio apartments and two-room flats under a single scheme, National Development Minister Khaw Boon Wan announced on a Chinese radio talk show on MediaCorp's Capital 95.8 FM on Tuesday evening (Jun 23). The new scheme, called "2-room Flexi", is currently in its research phase. Under this new scheme, seniors, singles or low-income families will...
Property experts say the Design, Build and Sell Scheme (DBSS) is losing its relevance and should be scrapped. The scheme was suspended in 2011, but came under the spotlight after recent complaints by residents over defects in their new DBSS flats. The Housing and Development Board (HDB) says the scheme is not currently its priority. One four-room DBSS unit at Ang Mo Kio gave its owner nightmares....
Developers of executive condominiums (ECs) are becoming more creative in their efforts to attract buyers amid softer market conditions. Some have introduced new types of facilities in their projects, while others are offering yoga, dance and baking classes. An upcoming EC in Sengkang, called The Vales EC, will offer two-storey villa units. They are a sprawling 159 square metres each and come with...
The number of applications for the Lease Buyback Scheme (LBS) has increased when it was enhanced in April this year, compared to the previous enhancement in February 2013, announced the Housing & Development Board on Friday (Jun 12). In a media factsheet, HDB also said that 450 LBS applications were received in the first two months after the enhancements kicked in. The enhancements included an extension...
New flats in Clementi have emerged as the favourite in the Housing and Development Board’s (HDB) latest round of flat sales, despite being priced at a premium. The Build-To-Order (BTO) exercise closes at midnight but as at 5pm on Tuesday (Jun 2), there were about 13 applicants for each five-room unit in Clementi. ADVERTISING Altogether, there are about 4,000 BTO flats on sale, and about another...
Developers of the latest executive condominium (EC) project on the market sold about a quarter of the 480 units on the first day of booking. As of 7pm on Saturday (May 30), buyers picked up about 120 units at Westwood Residences, located at Jurong West. The project was opened for sale on Saturday morning, after developers received some 500 applications to book units over the past two weeks. Prices...