The Housing and Development Board (HDB) has launched six Build-To-Order (BTO) projects on Wednesday, the first exercise this year. A total of 3,139 new flats will be offered to meet the diverse needs of first-timers, second-timers, multi-generation families, the elderly and singles. This is the first tranche of the 24,300 BTO flats that HDB has planned for 2014. There will be studio apartments,...
hdb news
Executive condominium (EC) developer MCC Land Singapore has rolled out a festive promotion in a bid to drive sales during the Lunar New Year period. The developer told Channel NewsAsia that it is offering a small price discount for EC units at Forestville at Woodlands and Sea Horizon in Pasir Ris. Forestville is developed by Hao Yuan Investment while Sea Horizon is jointly developed by Hao Yuan...
The Housing and Development Board (HDB) has introduced a quota on subletting of whole flats to non-citizen subtenants. It said the move is to prevent the formation of foreigner enclaves in estates and maintain the Singaporean character of the heartlands. HDB flat owners who lease out whole units to foreigners will be bound by the new rule, with immediate effect. The quota on subletting of whole...
The overall median cash premium or Cash-Over-Valuation (COV) for HDB resale flats fell to S$5,000 in December last year, from S$8,000 in November 2013. This is the lowest since June 2009 when COVs were at a low of S$3,000. It was a 37.5 per cent drop month-on-month, according to the latest flash report released by the Singapore Real Estate Exchange (SRX) on Thursday. In December, about one in five...
A land parcel at Westwood Avenue for executive condominium (EC) development has attracted 12 bids at the close of tender on Tuesday. The Housing and Development Board (HDB) said the top bid of S$198.9 million came jointly from Changi Properties and Heeton Homes. This translates to a land price of S$382 per square foot per plot ratio. The next highest bid of S$198 million is a joint tender from...
Prices of resale HDB flats fell 1.3 per cent — its sharpest drop since 2005 — in the fourth quarter of last year, according to flash estimates released by the Housing and Development Board (HDB) on Thursday. Last year’s fourth quarter Resale Price Index (RPI) is 202.1, according to HDB in an update released Thursday morning. It is the second consecutive drop for the index, which provides...
The Housing and Development Board (HDB) will reduce the supply of new three-room and larger flats by 18 per cent, from 22,600 units in 2013 to about 18,600 in 2014. In a statement on Monday, it said the adjustment is timely as a better balance has already been struck between the supply of Build-To-Order (BTO) flats and the demand from families for them. At the same time, HDB will increase the supply...
New housing policies are showing results, said National Development Minister Khaw Boon Wan. In his ministry's blog post on Thursday, Mr Khaw said ramping up the construction of Build-To-Order flats, and introducing the Parenthood Priority Scheme (PPS) and Parenthood Provisional Housing Scheme (PPHS) are meant to help the young meet their aspirations as soon as they are ready to do so. Mr Khaw said...
The latest survey of HDB residents who were offered the Selective En bloc Redevelopment Scheme (SERS) showed continued strong support for the scheme. Of the 628 households from five projects who participated in the survey, 87 percent expressed support for SERS. Most of the residents surveyed were happy that SERS allowed them to continue living in the same estate close to their long-time...
The Housing and Development Board (HDB) will be building more two-room flats to allow more singles to realise their dreams of owning their homes. Authorities will also continue to push out a steady stream of studio apartments to help the seniors right-size, if they wish, said National Development Minister Khaw Boon Wan. For families, the authorities will begin to reduce the supply of three-room,...