The average size of executive condominium units has become smaller over the years, say property analysts. And the trend is likely to continue as developers struggle between maintaining their bottom lines and keeping units affordable for buyers. Executive condominiums (ECs) were introduced about 20 years ago, and since then, unit sizes have been shrinking. According to property firm SLP International,...
hdb news
The Housing Development Board (HDB) has about 10,000 balance flats currently, with about 3,000 units in mature estates. About 4,000 units are three-room and smaller flats. These flats are planned to be released in two batches of about 5,000 units each, to offer more choices of flat types in various locations and give applicants a better chance of success for each exercise. Minister of State for...
As at Jan 31, 87,900 households have rented out their flat, or one or more rooms. Ninety-two per cent of these are Singaporean households, while the remaining 8 per cent are owned by permanent residents. Since January 2013, the Housing Development Board (HDB) has disallowed permanent residents from subletting their entire flats. These figures were given by Minister of State for National Development...
A land parcel for an executive condominium (EC) development attracted relatively large number of responses at the close of the tender on Thursday (Feb 12), but the top bid received was the lowest in three-and-a-half years. The Housing and Development Board (HDB) said it received seven bids for the EC land parcel at Woodlands Avenue 12. Hao Yuan Investment submitted the top bid of S$103.79 million, which...
The Housing and Development Board on Wednesday (Feb 11) launched its first Build-To-Order Exercise of the year, with 3,995 new flats in Bukit Batok, Hougang and Geylang made available. This is the first tranche of a total of 16,900 BTO flats planned for release in 2015. HDB said that in May, it will offer about 4,040 BTO flats in Clementi, Punggol North, Sembawang and Tampines, while between 4,000 and...
The resale prices of Housing and Development Board (HDB) flats rose 0.6 per cent on-month in January, the first increase in 12 months, the Singapore Real Estate Exchange (SRX Property) said on Thursday (Feb 5). Still, an ERA analyst cautioned that the price increase does not mean the market is rebounding. “The increase has more to do with the up and down fluctuations that is associated with tracking...
More Housing and Development Board (HDB) resale flats are being transacted at or below valuation. According to latest figures from the Singapore Real Estate Exchange (SRX), about 8,500 HDB resale flats changed hands in 2014. In the fourth quarter of the year, 41.6 per cent were sold below valuation, compared to 36.9 per cent in the first three months of the year. For transactions at valuation, these...
Prices of resale flats fell by 6 per cent in 2014 - the second straight year of decline - while the number of resale transactions declined 4.3 per cent, according to figures from the Housing and Development Board (HDB). HDB on Friday (Jan 23) announced that the Resale Price Index (RPI) fell by 1.5 per cent in the last quarter of 2014, from 139.1 in the third quarter to 137 in the fourth quarter. The...
A land parcel at Anchorvale Crescent for an executive condominium (EC) housing development attracted just three bids at the close of the tender on Tuesday (Jan 20), attesting to weaker sentiment in Singapore's housing market. Sim Lian Land submitted the top bid of S$157.8 million for the 17,450.10 square metre 99-year leasehold site, which can be used to develop an estimated 525 dwelling units, the...
The Housing and Developmental Board (HDB) may grant a third housing loan to home owners - but only in exceptional instances, and at the market rate, said Minister for National Development Khaw Boon Wan on Tuesday (Jan 21). In a Parliamentary question, MP Zainal Sapari had asked about HDB’s rationale for imposing a higher interest rate for home owners who take a third housing loan. In response, Mr Khaw...