There are 2,446 vacant executive condominium (EC) units in the market, according to first-quarter figures from the Urban and Redevelopment Authority (URA). These are completed units which have not been sold, or units which are purchased but left unoccupied. This could be due to EC buyers needing more time to move in. However, analysts also said that there are buyers who do not intend to live in the...
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The developer of the Trivelis Design, Build and Sell Scheme (DBSS) flats at Clementi will offer a "goodwill package" to residents, EL Development (ELD) said on Wednesday (May 27). About 413 out of the 888 units in the DBSS at Clementi Avenue 4 were reported to have defects. Among the complaints raised were rusty dish holders and the laundry area being too small to fit standard sized washing...
The first batch of smart HDB homes at Punggol Northshore will be launched for sale on Wednesday (May 27) in the upcoming May 2015 Build-to-Order (BTO) exercise, with prices for a 2-room flat starting from S$28,000 for first-time buyers. Punggol Northshore is one of Punggol Eco Town’s seven signature waterfront housing district and will be the first new public housing estate to test-bed smart...
A 149 square metre (sqm) maisonette at Bishan Street 13 was sold for S$1.05 million last month. It is not the first time resale prices there have crossed the million-dollar mark. Another maisonette in the same estate went for almost S$1.1 million in October last year. While not many executive flats like the one in Bishan have changed hands, housing analysts said prices of executive flats are holding up...
An Executive Condominium site that can yield about 490 residential units was released for sale on Tuesday (May 19). The Housing & Development Board (HDB), as the Government’s land sales agent, released the site under the Confirmed List of 1st Half 2015 Government Land Sales Programme. The site is located at Choa Chu Kang Avenue 5, and has a lease period of 99 years. The closing date for the...
EL Development, the developer of Trivelis Design, Build and Sell Scheme (DBSS) flats at Clementi addressed the defects observed by residents in a statement on Friday (May 15). Nearly 500 residents complained about shattered glass panels, rusty dish racks, exposed sanitary pipes in their homes and ponding in corridors - among other problems. On Friday, the Housing Development Board (HDB) maintained...
His Design, Build and Sell Scheme (DBSS) flat was supposed to be of a higher design quality than a regular public housing unit, but Mr Andy Tan told TODAY he found his three-room unit at Trivelis in Clementi a “total disappointment”. Two sanitary pipes and a water heater, which were not depicted in the project’s showflats, were exposed and clearly visible in his kitchen, Mr Tan said. The living...
E-applications open on Friday (May 15) for Westwood Residences - a new executive condominium (EC) project in Jurong West which will be officially open for bookings on May 30. The 480-unit development at Westwood Avenue is the first EC to be affected by changes to resale levy rules. The resale levy now applies to EC buyers who had previously bought HDB flats or ECs. Westwood has an indicative pricing...
Rent prices for Housing and Development Board (HDB) flats dropped by 0.7 per cent month-on-month in April this year, according to the latest data released by SRX Property on Wednesday (May 13). Rent prices for 4-Room, 5-Room and Executive flats posted a 0.9 per cent, 1.3 per cent and 0.4 percent decrease, respectively. Bucking the trend were 3-Room flats, with a 0.4 per cent increase, the report...
The resale prices for Housing and Development Board (HDB) flats saw a slight uptick in April, rising 0.2 per cent month-on-month. Transactions for flats also hit a two-year high last month, according to SRX Property's flash estimates released on Thursday (May 7). HDB resale prices saw an improvement, driven by 3- and 4-Room flats of which prices rose 0.3 per cent and 0.9 per cent, respectively. However,...