Applications have opened for The Amore, an executive condominium (EC) project at Punggol Central. It is the last EC on the market without a resale levy and the deadline for applications is next Sunday (Dec 21). The 395-unit EC project is expected to be completed in 2018. It is selling at S$780 to S$800 per square foot. Some analysts Channel NewsAsia spoke to say property cooling measures have also...
hdb news
Sales of executive condominiums (ECs) rose sharply in November even as other transactions in other forms of private property slowed, according to Urban Redevelopment Authority (URA) data released on Monday (Dec 15). A total of 1,758 ECs were launched last month, with 855 units sold. This marked a significant turnaround from October, when 90 ECs were sold with no new units launched. EC projects were...
The Housing and Development Board (HDB) will calculate its Resale Price Index (RPI) using a new methodology on its flash estimates of the fourth quarter of 2014, which are expected to be released in January next year. The RPI provides the general price trend of resale HDB flats, and was last revised in 2002. With the revision, the RPI will be calculated using a methodology that captures price...
The Housing and Development Board (HDB) will be sharing more details about a revised computation methodology for the Resale Price Index (RPI), as the existing one may not adequately reflect the resale market, said National Development Minister Khaw Boon Wan on Wednesday (Dec 3). In a blogpost, Mr Khaw said HDB has been working with a consultant from the NUS Department of Real Estate to review the RPI...
More than 7,500 flats have been launched for sale in a mix of mature and non-mature towns, the Housing and Development Board (HDB) said on Tuesday (Nov 25). The 7,568 flats on offer include 4,277 Build-To-Order (BTO) flats spread across six projects in Sembawang, Sengkang, Yishun and Tampines. Another 3,291 units will be offered under the Sale of Balance Flats (SBF) exercise - located in 11...
The Housing and Development Board (HDB) will launch 16,900 new Build-To-Order (BTO) flats next year – down from 22,400 units in 2014 – but supply will be “adequate” given that an estimated 15,000 Singaporean families are formed each year, the Ministry of National Development (MND) said in a written Parliamentary reply on Tuesday (Nov 4). The new flats will include about 4,000 two-room flats to...
It is not necessary for the Housing and Development Board (HDB) to sell new flats with a 70-year lease alongside 99-year flats, as there is unlikely to be "strong demand" for the proposed option, said National Development Minister Khaw Boon Wan on Monday (Nov 3). Mr Khaw said there are two reasons for this assessment: Firstly, the upfront cost HDB has to incur to offer a 70-year lease option is the same...
Young couples will get more help in setting up their first home, with several enhancements to the Parenthood Provisional Housing Scheme (PPHS), the Housing and Development Board (HDB) announced on Friday (Oct 31). Under the scheme, couples and families have the option of renting an HDB flat while waiting for their new Build-To-Order (BTO) flat to be ready. The number of flats in the scheme will be...
Within three weeks of changes being announced to the Lease Buyback Scheme on Sep 3, the Housing and Development Board (HDB) received 500 queries, almost thrice the number they receive in a typical month. The Lease Buyback Scheme allows eligible seniors to retain part of the lease on their HDB flat, and sell the remainder back to HDB for retirement income. HDB says it has about 250 officers who are able...
Prices of resale flats fell by 1.7 per cent on-quarter in the third quarter of 2014, while the number of resale transactions rose 2.8 per cent, according to the Housing and Development Board (HDB). HDB on Friday (Oct 24) announced that the Resale Price Index (RPI) fell from 195.7 in the second quarter to 192.4 in the third quarter. Resale transactions increased from 4,389 cases in the second quarter to...