National Development Minister Khaw Boon Wan said one third of applicants for the category of five-room and three-generation (3Gen) flats in Yishun in the recent Build-To-Order (BTO) exercise were from multi-generation families. 378 applicants were from multi-generation families, out of a total of 1,152 applicants for flats in the category. In the past year, only 3 per cent of five-room flat...
hdb news
The Housing Development Board (HDB) received 27 cases of hoarding in flats over the past 12 months. Housing Minister Khaw Boon Wan revealed this in a written response to Member of Parliament Lim Biow Chuan, who asked if the government will take action to prevent fire hazards caused by excessive hoarding. Mr Khaw said that when HDB receives notices of hoarding, inspection officers will visit flats to...
Overall cash premiums for resale Housing and Development Board (HDB) flats continued to drop while demand for resale non-landed private homes remained weak in October, according to flash estimates from the Singapore Real Estate Exchange (SRX) released today (Nov 8). Overall HDB cash-over-valuations (COVs) dropped another S$3,000 last month to reach a median of S$12,000, the lowest since July 2009 when...
The impact of property cooling measures continued to be felt in the Housing and Development Board resale market last month, with cash-over-valuation (COV) premiums maintaining their downward spiral to a more-than-four-year low, raising the prospect that they will fall below S$10,000 by the end of the year. Overall median COVs dropped by another S$3,000 from September to S$12,000 last month, the lowest...
About one-third of the units at the newly launched Waterwoods executive condominium (EC) project in Punggol have been sold over the weekend. The project comprises a total of 373 units. Among the units sold were five-bedroom units and maisonettes with private lift lobbies. Developer Sing Holdings said more than half of the 48 units with private lift lobbies have been snapped up. Waterwoods is...
Prices of resale HDB flats fell more than expected in the last three months, according to third quarter statistics released today (Oct 25) by the Housing and Development Board (HDB). The Resale Price Index (RPI) fell by 0.9 per cent in Q3 in the first decline to be registered since the first quarter of 2009. The flash estimate released by the HDB earlier this month, which took into account the resale...
Singles looking to buy a Build-to-Order (BTO) flat will now have more chances to do so as the Housing and Development Board (HDB) has decided to allow this group to buy any excess two-room flats in non-mature estates after catering to the demand from first- and second-timer families. HDB rules stipulate that 30 per cent of two-room flats will be set aside for singles, but the demand for such units from...
More Housing and Development Board (HDB) flats were being built in the last financial year compared to the previous year. This is according to HDB's annual report released on Wednesday. A total of 72,737 flats were being constructed in the last financial year (FY2012/ 2013), up from 56,938 units in the year before (FY2011/2012) -- a close to 30 per cent jump. HDB's net deficit before taking into...
Commercial and industrial tenants in Housing and Development Board (HDB) properties will no longer be allowed to assign their premises to another party. The HDB announced this on Monday, in a move to weed out unhealthy speculation and rising assignment fees. Assignment fee is the amount agreed upon between the proposed tenant and existing tenant for the transfer of the property. The HDB has about...
The Housing and Development Board (HDB) will build four new neighbourhood centres in Punggol, Hougang and Sembawang in five years to boost the supply of HDB shops. It is also banning the assigning of its commercial and industrial tenancies to curb unhealthy speculation. In a statement on Monday morning, HDB said it is building the neighbourhood centres and boosting the supply of shops to keep in step...