During a "Our Singapore Conversation" dialogue session, national development minister Khaw Boon Wan said Singapore has the ability and resources to meet the demand for more HDB flats. Housing was one of the hot issues at the dialogue at Sembawang Group Representation Constituency (GRC). The question posed at the session was: what kind of Singapore would you like to have in 2030? More than 300 residents...
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National Development Minister Khaw Boon Wan has urged developers of Executive Condominiums (ECs) to be mindful about the intent and spirit of the EC policy. This follows recent media reports of an EC penthouse sold for $1.77 million. In his latest blog post, Mr Khaw said EC developers have flexibility in designing and pricing their units. But he stressed the policy intent of the EC - which is to help...
HDB launched seven Build-To-Order (BTO) projects on Wednesday, offering 6,463 new flats in two non-mature towns (Choa Chu Kang and Sengkang) and three mature towns (Bedok, Queenstown and Toa Payoh). With this launch, the total BTO flat supply in 2012 will reach 27,084 units. This will be the largest BTO supply in a year since the BTO system was introduced in 2002. Together with another 7,153 balance...
Earlier this month, the Singapore Democratic Party released a housing policy paper proposing a new class of flats that it envisaged could be priced significantly lower than new Build-To-Order (BTO) flats offered by the Housing and Development Board (HDB). This is because these "non-open market" (NOM) flats would be priced only to recover the cost of administration and construction, and not the cost of...
Seven per cent or about 3,000 applicants failed to complete the purchase of their new Housing and Development Board (HDB) flats after successfully selecting one in the last two years. There were 43,000 bookings for new HDB flats in 2010 and 2011. In a written reply to a parliamentary question filed by MP for Pasir Ris-Punggol GRC Gan Thiam Poh, the Ministry of National Development said there were three...
The HDB resale market is showing signs of stabilising, said National Development Minister Khaw Boon Wan. Speaking in Parliament on Wednesday, Mr Khaw said the yearly Resale Price Index (RPI) growth has gone down from 14.1 per cent in 2010 to 10.7 per cent last year. And in the first nine months of this year, the figure stood at 3.9 per cent. However, Mr Khaw said an uptick in quarterly RPI growth to two...
Minister for National Development Khaw Boon Wan said Block 31 at Lorong 6 Toa Payoh is managed by HDB for needy Singaporeans and is not leased to foreigners. Blocks 32 and 33 along the same road, he said, are vacated Selective En-bloc Redevelopment Scheme (SERS) flats. And in 2009, HDB leased these two blocks to EM Services at market rates as an interim arrangement. Mr Khaw made the points in a written...
National Development Minister Khaw Boon Wan announced on Monday the government's target to have 57,000 rental flats by 2015. Mr Khaw said this in a written response to Member of Parliament Dr Lee Bee Wah, who asked for an update in the measures taken to reduce the waiting time needed to apply for a flat under the Housing and Development Board's (HDB) Public Rental Scheme. The minister said that the...
Resale home prices of both non-landed private residential units and HDB flats continued to climb in October against the third quarter 2012. Data released by the Singapore Real Estate Exchange (SRX) showed that the unit resale price for non-landed private residential rose 4.1 percent in October to $1,209 per square foot. SRX compiles data from 11 top property agencies in Singapore. The report found that...
Two blocks of flats at Spooner Road that previously housed the Malayan Railway staff are now available for some interim use. Writing on his Facebook page, National Development Minister Khaw Boon Wan said the termination of the Malayan Rail at Woodlands had a surprising outcome for the Housing and Development Board (HDB). Mr Khaw described it as "a pleasant surprise". There are 318 units in the two blocks...