Bellewoods, the first new executive condominium project in almost a year, opened for online applications on Saturday (Sep 27). The hiatus was because a new rule by the government last year requires developers to wait for 15 months after buying the land or completing foundation works before launching units for sale. More than 200 applications have so far been received for the project in Woodlands. The...
hdb news
Existing flat owners who “right-size” to a new two- or three-room flat in a non-mature town or estate can now choose to pay a lower downpayment upfront, the Housing and Development Board (HDB) said on Wednesday (Sep 24). This new staggered downpayment arrangement takes effect from the latest Build-to-Order (BTO) exercise, which began on Wednesday. Flat owners who are not taking up a loan or who...
Developers of executive condominiums (ECs) had been enjoying roaring business, up until measures introduced by the Government last year curbed demand and eased the pace of new project launches. The measures included a rule that restricts developers from selling units until 15 months from the award of the sites or after foundation works are completed. In addition, the Mortgage Servicing Ratio (MSR) for...
A "Smart HDB Town Framework", which maps out how the Housing and Development Board (HDB) aims to introduce the "smart" element in HDB towns and estates, was announced on Thursday (Sep 11). In a press release, HDB CEO Dr Cheong Koon Hean said that HDB's "next exciting step" is to embark on the development of the Smart HDB Town. "We want to leverage on Information and Communications Technology (ICT) to...
In the past month, 176 flat sellers have requested for a temporary extension of stay in their flats, an arrangement which allows them to stay in their former homes for up to three months. The Housing and Development Board (HDB) introduced this practice in July, which is intended to help sellers who are transiting to their new homes, such as those who may need more time for renovation or those awaiting...
The first housing projects at Bidadari and Tampines North will yield more than 2,500 units, and residents can look forward to more greenery, open spaces and seamless connectivity to transportation networks, the Housing and Development Board (HDB) announced on Tuesday (Sep 9). Development plans for the two areas were first announced last year. The first public housing project for Bidadari, a former...
The Housing Development Board (HDB) allowed 1,800 applicants to sublet their flats within the Minimum Occupation Period (MOP) in 2012 and 2013. This is about three per cent of the 57,200 flat owners who gained approval over the two years. In a written reply to a question posed in Parliament on Monday (Sep 8), Minister for National Development Khaw Boon Wan said that these flat owners were unable to...
Under the Lease Buyback Scheme (LBS), the value of the flat’s lease is determined from the market value of the flat, based on industry-accepted standards and valuation practice, Minister for National Development Khaw Boon Wan said in Parliament on Monday (Sep 8). Responding to a question from MP Foo Mee Har, who asked how HDB determines the value of the lease under the scheme, Mr Khaw said: “The...
A land parcel for executive condominium (EC) development at Choa Chu Kang Drive attracted eight bids at the close of its tender on Thursday (Sep 4). The Housing and Development Board (HDB) announced that Sim Lian Land Pte Ltd submitted the highest bid of S$207.4 million. This translates to a unit price of about S$361 per square foot per plot ratio (psf ppr). The second-highest bid was about 2.2 per...
Resale prices for Housing and Development Board (HDB) flats fell for a seventh straight month, slipping 1.1 per cent month-on-month in August - marking a 31-month low since January 2012, according to the Singapore Real Estate Exchange (SRX). According to the SRX HDB flash report released on Thursday (Sep 4), June's HDB resale prices dropped 7.1 per cent year-on-year in August. Compared to the peak...