There has been strong response for the last executive condominium (EC) project for the year. SkyPark Residences, which was just launched on Saturday, has already received 500 online applications for the 506 units it has on offer. Located in Sembawang, it is the last EC to be launched until the third quarter of next year. Under restrictions introduced in January, developers have to wait 15 months...
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Nearly 2,500 executive condominium (EC) units have been sold as at August this year, according to estimates by property agent OrangeTee. The numbers make up almost 80 per cent of new units from five EC projects launched as at August this year. SkyPark Residences at Sembawang will be the seventh and last EC development to be launched this year. Analysts expect SkyPark Residences to be sold between...
The number of resale flats that have been sold without a cash premium (cash-over-valuation or COV) in July and August has exceeded the numbers seen in the first and second quarters of 2013. According to the Singapore Real Estate Exchange (SRX), there were 111 zero COV transactions in the third quarter, excluding September -- that is almost triple the number seen in the first quarter of this year (38...
The Housing and Development Board's 84 units of 3Gen flats have attracted some 300 applications. National Development Minister Khaw Boon Wan revealed this in a blog post on Wednesday evening, saying it is a good start to the new scheme. His comment comes ahead of the closing of the September Build-To-Order (BTO) exercise at midnight. He added that the authorities have deliberately bundled 3Gen...
HDB resale flat prices have fallen for the first time since 2009. This is according to the latest flash estimates released by the Housing and Development Board (HDB) on Tuesday. According to the HDB Resale Price Index, prices fell by 0.7 per cent in the third quarter of this year. The last time resale flat prices dipped was in the first quarter of 2009, when prices dropped by 0.8 per...
The latest Housing and Development Board sales exercise will close at midnight on Wednesday, and singles have shown keen interest. There are about 60 two-room Build-To-Order flats set aside for singles in Punggol. As of 5pm on Tuesday, there are 23.8 singles applying for each available unit. For balance flats, as of 5pm on Tuesday, the most heavily subscribed units are in Hougang, where there are...
Demand from singles for the Housing and Development Board's two-room flats continues to climb ahead of the close of the latest sales launch at midnight on Wednesday. There are about 60 two-room Build-To-Order flats set aside for singles in Punggol. As of 5pm Monday, there were about 21 singles applying for each available unit. There are also 1,137 balance two-room flats from previous BTO exercises...
The Housing and Development Board (HDB) has said the Tampines Eco Green park at Tampines North will remain untouched for now. This is despite it being zoned as a residential area under the Urban Redevelopment Authority's 2008 Masterplan. Bound by Tampines Avenue 12 and Tampines North with an area of 36.5 hectares, the Eco Green park takes up 15 per cent of the land at Tampines North. Responding to...
Two-room flats launched at the Housing and Development Board's (HDB) sales exercise on Thursday are drawing a strong response from singles. This is the second time that singles are able to apply for flats directly from the HDB. There are about 60 out of 192 two-room Build-to-Order (BTO) units set aside for singles in Punggol. And as of 5pm, there were 12.2 singles applying for each unit...
Data published by the Singapore Real Estate Exchange (SRX) early this month showed Cash-Over-Valuation (COV) premiums for Housing and Development Board (HDB) resale flats extending their downward trend to hit a four-year low, shining like a beacon of hope to long-suffering buyers. Sentiment towards COVs, often deemed to be an unfair negotiation tactic employed by property sellers for a quick profit,...