The Ministry of National Development (MND) on Thursday (May 7) announced that it has signed a Mutual Termination Agreement with Eternal Pure Land (EPL) to terminate a July 2014 award for a place of worship (PW) site at Fernvale Link in Sengkang. MND will re-tender the land for its original purpose as a site for a Chinese temple, it said. Residents had objected to EPL's plans to build a commercial...
hdb news
The first new generation public housing at SkyTerrace@Dawson has been completed, while Skyville@Dawson is on track to be completed by the third quarter of 2015. Both projects were mooted under the “Remaking Our Heartland” plan which aims to build a more cohesive and vibrant community, as well as encourage multi-generation and family-friendly living. The first batch of residents at SkyVille@Dawson...
HDB rents edged up 0.1 per cent month-on-month in March, stopping a decline in prices for the first time since August last year, according to data from SRX Property. But on a year-on-year basis, rents in March fell 3.5 per cent. The rental prices in March were 5.8 per cent lower than the peak in August 2013, said SRX Property in a news release on Wednesday (Apr 15). Rents for three- and four-room...
There have been fewer unsuccessful applicants under the Married Child Priority Scheme (MCPS) for each Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise over the last few years, National Development Minister Khaw Boon Wan said on Monday (Mar 13). In response to a question by MP Tin Pei Ling, Mr Khaw said the average number of unsuccessful MCPS applicants per BTO/SBF exercise has dropped from...
Spaces for social communal facilities – such as childcare and eldercare centres – are set aside by the Housing and Development Board (HDB) and various agencies, who work in tandem to construct these facilities at new public housing developments. In response to questions on the planning of childcare centres for new HDB precincts by Dr Lee Bee Wah, Minister of State for National Development Dr Maliki...
The resale prices of Housing and Development Board (HDB) flats dropped 0.8 per cent on-month in March, SRX Property said on Thursday (Apr 9). They have been on a downtrend since January last year. The drop in prices in March was seen throughout all property types, except for HDB executive flats which rose 1 per cent. Resale prices for three-room and four-room flats dropped by 0.9 per cent and 1.1 per...
The Housing and Development Board (HDB) says it has received more than 2,000 enquiries on the improved Lease Buyback Scheme as of mid-March this year as enhancements to the scheme kicked in on Wednesday (Apr 1). Under the scheme, flat owners are allowed to sell part of their lease back to the Government to generate retirement income. The scheme, first announced last September, includes four key...
Flash estimates of the Resale Price Index for the first quarter of 2015 showed a 1 per cent decline in the prices of Housing and Development Board flats over the previous quarter, HDB announced on Wednesday (Apr 1). The flash estimate for the index is 135.6, HDB said, down from 137.0 in the previous quarter. It added that the RPI for the full quarter will be released on Apr 24, along with more detailed...
Prices of executive condominium (EC) units in some non-mature estates are likely to weaken going ahead, according to property analysts. They said this is due to the large volume of units currently available and in the pipeline. The EC scheme was introduced in the late 1990s, and since then, as many as 40 projects have been launched for sale. Official figures from the Urban Redevelopment Authority’s new...
National Development Minister Khaw Boon Wan announced several new housing measures in Parliament on Tuesday (Mar 10). These included increasing the quota of new two-room flats set aside for singles and a review of the Studio Apartment Scheme. Mr Lim Sio Poh, 46, is getting ready to move into his new two-room flat in Bukit Panjang. He applied for the unit directly from the Housing and Development Board...