Balance flats are proving to be the most popular choice in the Housing and Development Board's (HDB) latest sales launch. As of 5pm Wednesday, HDB received close to 20,000 applications for 3,100 units offered under the Sales of Balance Flats (SBF) exercise. This works out to more than six applicants for each unit. With their central city location and expected high returns in the resale market, the...
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As of 5pm Tuesday, the Housing and Development Board has received only 82 applications for the 230 two-room flat units from the Build-To-Order (BTO) projects announced in May. For example, at Spring Haven in Jurong West, there were 45 applications for 90 two-room units. Meanwhile, the three-room and four-room units were oversubscribed. The most popular out of the eight projects on offer are the...
Two-storey maisonettes look set to pop up in new executive condominium (EC) projects. In Sembawang, one such project at the junction of Sembawang Crescent and Sembawang Drive will have 28 maisonettes. The price for the units has yet to be fixed, but each maisonette will occupy 1,709 square feet. Another project in Punggol East is expected to have 10 maisonettes. Director of property firm Chris...
The Housing and Development Board (HDB) has launched 8,000 flats for sale under the joint Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. Three new housing measures to help first-timers, second-timers, divorcees, and the elderly will also take effect from this sales exercise. To help more first-timers buy a flat earlier, HDB will extend the Parenthood Priority Scheme (PPS) to married...
The HDB resale market may be showing signs of cooling -- according to the Singapore Real Estate Exchange (SRX), the overall median cash-over-valuation (COV) for HDB resale flats reached a peak of S$35,000 in January. But it has come down to about S$27,000 in May. This is the lowest since April 2012. Some analysts said this could be a sign that January's property cooling measures are biting. Nicholas...
Some executive condominium developers said they have seen an increase in sales since National Development Minister Khaw Boon Wan hinted at changes to the scheme in April. Developers of the Watercolours EC project in Pasir Ris have sold 21 units in the last two weeks alone -- it sold only 29 units in the whole of April. The project was launched in June 2012. As for One Canberra in Yishun, its sales...
An executive condominium (EC) site in Woodlands has attracted seven bids from developers, according to the Housing & Development Board (HDB). The 99-year leasehold site at Woodlands Avenue 5/Woodlands Avenue 6 fetched a top bid of S$216 million from Qingjian Realty (South Pacific) Group. That's about 9 percent above the second highest bid of S$198 million tabled by Bellevue Properties, a wholly-owned...
The Resale Price Index (RPI) for Housing & Development Board (HDB) flats rose 1.3 per cent from 202.9 in the fourth quarter of 2012 to 205.5 in the first quarter of 2013. According to data released by HDB on Friday, resale transactions fell 23 per cent from 5,631 cases in the fourth quarter of 2012 to 4,335 cases in Q1 2013. In the rental market, subletting transactions rose 15 per cent from 6,443...
E-applications for the executive condominium (EC) project Twin Fountains in Woodlands have closed. Close to 1,000 e-applications were received. This translates to a subscription rate of approximately 2.3 times, based on the 418 residential units up for sale. About 3 in 10 of e-applications received were from first-time home buyers. The rest were second-time buyers. CEO of Frasers Centrepoint...
The first executive condominium (EC) project for the year was launched in Woodlands on Wednesday. As of 5pm, the developer of Twin Fountains said it has received 155 online applications for the 418 units on offer. Applications will close on 21 April. The project is being jointly developed by Frasers Centrepoint and Lum Chang. It wasn't the packed sales gallery that some might have expected,...