Prices for the Housing and Development Board's (HDB) new 3Gen flats in Yishun will start from S$335,000, excluding grants. Several potential home buyers and analysts Channel NewsAsia spoke with say they think this price is reasonable. The prices were announced at the HDB's latest sales launch on Thursday where 5,293 flats are on offer. It is the first time the HDB is offering 3Gen flats at its...
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National Development Minister Khaw Boon Wan said the authorities are working to address the huge demand of two-room Build-to-Order (BTO) flats. In a blog post on Monday, Mr Khaw said the Housing and Development Board (HDB) will put up for sale all its balance two-room flats in non-mature estates from previous BTO exercises later this month. The release will add 1,100 flats to the September BTO launch...
An upcoming executive condominium (EC) project Waterwoods in Punggol will offer private lift lobbies for larger units - a feature more commonly associated with upscale apartments. Its developer Sing Holdings said the project will also be the first to include maisonettes in the EC segment. Waterwoods is Sing Holdings' first foray into the executive condominium market and the builder of mid to high-end...
The cash premium, or Cash-Over-Valuation (COV), for Housing and Development Board (HDB) resale flats has reached a four-year low. According to the Singapore Real Estate Exchange (SRX) monthly flash report, overall COV dropped to S$18,000 in August, the lowest level since July 2009. For the first time since 2006, SRX said HDB resale flat prices have fallen for the fourth straight month. Overall HDB...
Minister for National Development Khaw Boon Wan said the Housing and Development Board (HDB) is on track to deliver 13,600 new flats to Singaporeans this year. In a blogpost, Mr Khaw said he witnessed the handover of keys from the main contractor to HDB at Floral Spring @ Yishun on Friday. The project marks the completion of 9,000 HDB flats this year. This is 50 per cent more than in June, when 6,000...
Details of new Housing and Development Board (HDB) schemes to help lower- and lower-middle-income Singaporean families own their homes were unveiled on Aug 27, following the broad measures announced at the National Day Rally. The schemes include additional grants for first-time buyers for up to four-room flats and a step-up grant for those upgrading from two-room to three-room flats. It is heartening to...
Bidadari is expected to be the most popular of the three recently announced housing areas among home buyers due to the area’s convenient location. Property analysts compared the area with Punggol Matilda and Tampines North and said that Bidadari’s city-fringed location and proximity to two MRT stations will work in its favour, especially among younger people. The experts said that even its...
In light of the new rules announced on Tuesday by the Housing and Development Board, some market watchers are once again suggesting that it would not be long before HDB resale prices start to correct, beginning with the larger flats. Permanent residents will now have to wait three years after receiving their PR status to buy a resale HDB flat, softening demand from this group of buyers, who presently...
Three new housing areas will be launched over the next few years, offering 40,000 new homes in all. They are Punggol Matilda, Tampines North and the new centrally-located estate of Bidadari. Homebuyers will be able to apply for units as soon as September -- when some 500 units at Punggol Matilda are launched by the HDB. From waterfront living at Punggol Matilda, to a boulevard park at Tampines North,...
The new Three-Generation (3Gen) flats provide a good option for multi-generation families to live together but living as an extended family may give rise to conflict, experts said. Aris Lee is a potential 3Gen homebuyer who currently lives in a four-room flat with her husband, four children, her mother and a domestic helper. Ms Lee and her family are looking forward to more living space as they hope...