On Monday (Oct 20), National Development Minister Khaw Boon Wan said that there will be a 25 per cent drop in the number of Build-to-Order (BTO) flats launched next year. However, real estate analysts believe that a lower number of BTO flats next year will not have a significant impact on the resale market. Analysts Channel NewsAsia spoke to said that while first-time home buyers may consider resale...
hdb news
The Government will be reducing the housing supply next year, to prevent a glut in the market. On Monday (Oct 20), National Development Minister Khaw Boon Wan said the number of Build-to-Order (BTO) flats to be launched next year will be reduced by 25 per cent. This means a BTO programme of about 16,000 units next year, a drop from this year's 22,400 units. The number of sites released under the...
The resale prices of Housing and Development Board (HDB) flats continued their downward spiral in September, slipping 0.5 per cent from August – the eighth consecutive month that prices have declined, the Singapore Real Estate Exchange (SRX) said on Thursday (Aug 7). Prices for three- and four-room flats declined by 0.2 per cent, while prices for five-room flats fell 1.6 per cent. In comparison,...
Some developers say they will hold back on bidding for new executive condominium (EC) sites in the future unless they have very good potential, as the risk profile of ECs has gone up following a series of new restrictions imposed by the Government. According to Evia Real Estate, which is jointly developing the Lake Life EC in Jurong, the segment now poses higher risks to developers. Mr Vincent Ong,...
Family members who wish to buy the tail end of the lease sold to the Housing Development Board (HDB) as part of the Lease Buyback Scheme (LBS) upon the death of their parents are able to do so - depending on their eligibility to buy a HDB flat, said Minister of National Development Khaw Boon Wan in Parliament on Tuesday (Oct 7). He said this in response to a question by Aljunied GRC MP Chen Show Mao,...
Lake Life, the second executive condominium (EC) project to go on the market this year, has 546 units on offer. But it has already received more than 1,200 e-applications after just three days of opening. Lake Life is located in the Jurong Lake District. Units there are expected to go at around S$880 to S$890 per square foot. The project is being developed by a consortium led by Singapore property...
The Housing Development Board (HDB) is studying two possible solutions to bring direct lift access to more households. This was announced in a written reply by the Ministry of National Development (MND), in response to questions from MP for Hougang, Mr Png Eng Huat, on Tuesday (Oct 7). Mr Png had asked for an update on the new technology and solutions in place to provide direct lift access to those not...
Between January 2013 and June 2014, a total of 1,312 households were granted an HDB loan, even though they had already taken two HDB loans previously. They were among the 25,000 households who were granted mortgage loans during that period. The National Development Ministry said households who were granted more than two loans are exceptions to the rule, and HDB evaluates such requests on a case-by-case...
Prices of resale flats fell by 1.6 per cent on-quarter in the third quarter of 2014, according to flash estimates from the Housing and Development Board. HDB on Wednesday (Oct 1) announced that its flash estimate of the 3rd Quarter 2014 Resale Price Index (RPI) is 192.5, a decline of 1.6 per cent over the previous three months. The RPI for the full quarter and more detailed public housing data will...
A land parcel at Sembawang Road and Canberra Link for an executive condominium (EC) development has received only two bids at the close of tender on Tuesday (Sep 30). The Housing and Development Board (HDB) said Qingjian Realty (Residential) placed the highest bid of S$229.38 million, equivalent to about S$353 per square foot per plot ratio, while the other offer came from the combined bid of S$208.5...