MCL Land (Brighton) submitted the highest bids for two 99-year leasehold sites for Executive Condominium (EC) development at Chua Chu Kang Grove. The two adjacent plots were put up for sale under the batch tender closing system, aimed at ensuring more prudent bids from developers. According to the Housing and Development Board (HDB), the first plot, Parcel A, attracted a total of seven bids. The...
hdb news
The Ministry of National Development is unlikely to make any major policy moves with regard to housing in its budget this year. But National Development Minister Khaw Boon Wan said his ministry will be exploring ideas to expand the Lease Buyback Scheme, which helps the elderly monetise their flats. More help for second-time home buyers, like divorcees with children and single parents, is also likely...
A land site for an executive condominium (EC) development at Anchorvale Crescent has attracted 12 bids at the close of tender on Thursday. According to the Housing and Development Board (HDB), Phoenix Real Estate submitted the highest bid of S$192.89 million, which is 1 per cent higher than the second top bid of S$191 million from MCL Land. Phoenix Real Estate is a wholly-owned subsidiary of SGX...
The first batch of 3Gen flats launched in Yishun last September has had a strong reception, National Development Minister Khaw Boon Wan said on his blog on Friday. About 94 per cent (79 out of 84) of these flats, which Mr Khaw said are designed to facilitate extended family togetherness, have been booked. Of the 79 families who booked these flats, 56 were first-time HDB buyers and 23...
Sales for executive condominiums (EC) slowed following new rules such as tighter loan rules for those buying EC units. Some agents said EC units, which are typically sold out in a year, may now need another year to hit 100 per cent sales. The Skypark Residences project released in November last year has sold only 60 per cent of its units so far. Another development, Waterwoods, launched in the...
The median cash-over-valuation (COV) for Housing and Development Board (HDB) resale flats fell to S$3,000 in January, matching the previous low in June 2009 during the global financial crisis. Analysts Channel NewsAsia spoke to expect the COV to fall further, with 24,300 Build-to-Order (BTO) flats slated to be launched this year. According to data from the Singapore Real Estate Exchange (SRX), the...
The new subletting quota for foreigners is likely to hit estates such as Simei, Yishun and Bukit Merah earlier than other areas. This is because a larger non-citizen crowd is employed in offices and other places of work located in these estates, according to analysts. The Housing and Development Board (HDB) announced the quota on subletting of whole flats to non-citizen subtenants some two weeks...
A land site for an executive condominium (EC) development at Canberra Drive has attracted six bids at the close of tender on Tuesday. According to the Housing and Development Board (HDB), City Developments unit Verwood Holdings and its joint venture partner TID Residential has submitted the highest bid for S$226 million. That works out to about S$350 per square foot, per plot ratio (psf ppr). The...
Resale prices for HDB flats fell more than expected in last three months of 2013 when compared to flash estimates, figures released today (Jan 24) show. The Resale Price Index (RPI) fell by 1.5 per cent from 204.8 in the third quarter of last year to 201.7 in the fourth quarter. The RPI for the full year of 2013 registered a decline of 0.6 per cent, the first annual decline in eight years, since...
The Resale Price Index (RPI) for HDB flats for the full year of 2013 has dropped 0.6 per cent, the first annual decline since 2005. Data released by the Housing and Development Board (HDB) showed that the RPI fell 1.5 per cent from 204.8 in the third quarter of 2013 to 201.7 in the fourth quarter of 2013. The number of resale transactions for the full year of 2013 dropped 28 per cent to 18,100 -- the...