The overall cash premium, or Cash-Over-Valuation (COV), that buyers pay for HDB resale flats has dropped to its lowest in about two and a half years. This is according to data from major property agencies compiled by the Singapore Real Estate Exchange (SRX) released today (Aug 7). Overall HDB COV dropped S$4,000 in July from June to reach S$20,000 — the lowest since January 2011. This is compared...
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National Development Minister Khaw Boon Wan said new ground has been broken with the Housing & Development Board's (HDB) July's Build-To-Order (BTO) exercise where eligible singles can buy new two-room HDB flats in non-mature estates. In a blog post, Mr Khaw said the policy change was initially met with scepticism, with many predicting a lukewarm response. Mr Khaw said HDB expects to receive more...
Demand from singles for two-room Build-To-Order (BTO) flats continues to climb in the third day since the Housing and Development Board's sales launch. This is the first time that singles are able to apply for a flat directly from the government. Overall, as of 5pm on Thursday, there were 29.8 single applicants for each two-room unit available. There are 519 new two-room flats in Sengkang and...
The demand for Build-To-Order (BTO) two-room flats for eligible singles launched on Tuesday is high, with the number of applicants being much more than the number of flats available. As at 9am on Wednesday, the application rate is 15.1 for two-room flats in Sengkang and Fernvale Riverwalk. There were 1225 applicants for 231 units. As for two-room flats in the non-mature towns of Yishun and Vine...
The tender for three executive condominium housing development sites closed on Tuesday with the land parcel at Yuan Ching Road drawing a whopping 16 bids. This is the highest number of bids for an executive condominium site in 16 years. Meanwhile, the land parcels at Punggol Central and Punggol Drive drew eight and six bids respectively. The top bid for the Yuan Ching Road site came from a...
National Development Minister Khaw Boon Wan is assured that Singapore is on the right track for its public housing programme. He said this in a posting on his Facebook page on Tuesday evening. Mr Khaw noted that as the Housing and Development Board (HDB) launched its latest Build-To-Order exercise on Tuesday. HDB also announced housing grants of up to S$60,000 for two-room flats. With the...
4,079 new flats for families and singles are on offer in the Housing and Development Board's (HDB) Build-To-Order (BTO) exercise this month. 3,861 flats are up for sale in Bukit Merah, Sengkang, and Yishun. A total of 519 new two-room flats in Sengkang and Yishun will be offered in this BTO exercise. 301 units are in new BTO projects, and another 218 units from previous BTO...
Up to one third of the 519 new 2-room flats on sale under the latest Housing and Development Board (HDB) sales exercise have been set aside for singles. This is the first time singles are able to buy a new flat directly from the government. And with all housing grants added in, the selling price could start from S$16,000. The 2-room flats are in Sengkang and Yishun. All in, the HDB is offering...
The Resale Price Index (RPI) for HDB flats rose slightly by 0.5 per cent from 205.5 in the first quarter of 2013 to 206.6 in the second quarter of 2013. This is lower than the 1.3-per cent growth in the previous quarter and is the lowest quarterly growth since first quarter of 2009. Resale transactions increased by 21 per cent from 4,335 cases in the first quarter of 2013 to 5,235 cases in the second...
Demand for executive condominiums (ECs) has remained buoyant, with another such private-public housing development receiving a robust response at its opening weekend. The 380-unit Lush Acres in Sengkang by City Developments was oversubscribed by about 1.6 times as of Sunday, the developer said yesterday. The announcement followed the launch a week earlier of Ecopolitan in Punggol by Qingjian Realty,...