The HDB has launched six Build-To-Order (BTO) projects where there will be a total of 3,346 new flats in three non-mature towns - Choa Chu Kang, Hougang and Yishun - and three mature towns - Ang Mo Kio, Kallang/Whampoa and Tampines. This is the first tranche of the 23,000 BTO flats which HDB has planned for 2013. Eligible first-timer households can enjoy up to S$60,000 of housing grants comprising...
hdb news
The resale price for HDB flats reached record high in fourth quarter of 2012 but the price increases for the year were slower compared with the previous year. The HDB's Resale Price Index (RPI) rose to 202.9 in the fourth quarter, an increase of 2.5 per cent over the previous quarter. The Housing and Development Board said on Friday that this is the same as the flash estimate released on January 2 this...
The cash premiums for HDB resale flats continued to hover in the high range in the fourth quarter of 2012 in some popular estates. Data released by the Housing and Development Board on Friday showed that the median Cash-Over-Valuation (COV) for a three-room flat in Queenstown stood at S$30,000 and S$65,900 for a four-room flat. In Bishan, the median COV for a four-room flat touched S$50,000, while that...
Married couples with children below the age of 16 will now stand a better chance at securing a new public housing flat. Some analysts added this may also bring down the cash premium for resale public flats as demand is driven to the Build-To-Order market. Twenty-seven-year-old Mohamed Rafie has been trying to secure a new public housing flat for two years. He and his wife have been unsuccessful in all...
As public debate raged over the irony of Executive Condominiums (EC) priced at more than S$1.5 million being snapped up by buyers supposedly from the sandwiched class, Minister for National Development Khaw Boon Wan weighed in on the matter on Jan 7 in a blog posting titled "Who gets short-changed?" Although he started out by addressing oversized ECs and their prices, Mr Khaw quickly went on to the...
The National Development Ministry (MND) aims to implement its policy of allowing singles to buy new Housing and Development Board (HDB) flats for owner-occupation this year, said its Minister Khaw Boon Wan on Monday. In a written reply to a question in Parliament, Mr Khaw said MND is "finalising" its policy. Currently, singles cannot buy new flats from HDB by themselves. They can, however, buy a resale...
Some housing analysts said the property market has slowed since the government announced its seventh round of cooling measures on Friday. One analyst said the Cash-Over-Valuation (COV) for larger public housing resale flats could come down by about 30 per cent in coming weeks. The median cash premium for a five-room or executive flat has hovered around S$40,000 to S$50,000. But with tighter Mortgage...
National Development Minister Khaw Boon Wan said the government will continue to be vigilant of any abuse of the Executive Condominium (EC) housing scheme, and defended the scheme as still being relevant. He was responding to questions raised in Parliament on the affordability of ECs. He said: "It is a wonderful scheme. It protects middle-income Singaporeans from competition and ensures a market-friendly...
s part of the cooling measures for the property market, limits have been set for granting of HDB loans and the use of CPF funds for the purchase of public housing with remaining leases of less than 60 years. They will take effect on 1 July 2013. If the remaining lease of the HDB flat is between 30 and 59 years, the use of CPF funds is allowed, except for buyers for whom the remaining lease cannot cover...
Property analysts expect resale prices of public housing flats to remain high this year, after trending up by 2.5 per cent in the fourth quarter of 2012. But they said prices could start to weaken in 2014 to 2016 as over 8,000 units of resale flats could be available in the market. G.Sharmene and her family are expecting to move into their new executive condominium (EC) unit at Austville Residences early...