Waterbay, the latest executive condominium project at Punggol has seen strong demand from eligible home buyers when bookings opened October 19. Its developer Qingjian Realty said over 200 units out of a total of 383 units were snapped up. Qingjian said the three-bedroom and four-bedroom dual-key units were popular with the buyers, as were the penthouse units. Prices range from S$560,000 for a...
hdb news
National Development Minister Khaw Boon Wan said recent sales numbers do not suggest a speculative element in Housing and Development Board (HDB) shops, and it will not be tenable for HDB to impose new restrictions like stricter citizenship eligibility. In a written parliamentary reply to MP Ong Teng Koon, Mr Khaw said Singaporeans and Singaporean-owned companies own about 95 per cent of the sold shops,...
As Punggol moves into the next chapter of its development, it could potentially become Singapore's biggest housing town - twice that of Ang Mo Kio today - and feature the Republic's newest seafront public housing estate. National Development Minister Khaw Boon Wan on Tuesday outlined several new ideas characterising Punggol Phase II, which will cover developments over the next 15 years and...
Minister for National Development Khaw Boon Wan said there is no need for the Housing and Development Board (HDB) to build executive maisonettes (EMs) again, as executive condominiums (ECs) already include double-storey units similar to EMs. Mr Khaw made this point in a written parliamentary response to a question from Member of Parliament for Pasir Ris-Punggol Group Representation Constituency, Gan Thiam...
Singles are buying fewer Housing and Development Board (HDB) resale flats in the recent four years. Between 2007 and 2011, singles bought an average of 4,300 units a year. That is down from a yearly average of 5,600 between 2002 and 2006. The figures came in a written parliamentary reply from the Ministry of National Development to questions from Member of Parliament for Pasir Ris-Punggol Group...
National Development Minister Khaw Boon Wan said home buyers are currently paying above the value assessed by professional valuers as it is "a seller's market". Mr Khaw was replying to a parliamentary query by Member of Parliament for Tampines Group Representation Constituency, Baey Yam Keng, on the increasing cash-over-valuation figures. Mr Khaw said the basis of valuation for all HDB flats are the...
A land parcel at Woodlands Avenue 6/Woodlands Drive 16 for executive condominium (EC) development has attracted a total of five bids at the close of tender. The top bid was jointly placed by Fraser Centrepoint's unit - Opal Star and Lum Chang's Binjai Holdings for about S$150.2 million, or about S$302 per square foot per plot ratio (psf ppr). According to the Housing and Development Board, the top bid...
The mixed development at Clementi Town Centre and Punggol Waterway have bagged top honours in this year's Housing and Development Board (HDB) awards, with their strong distinctive identity and character. They won the Design Awards, along with the upcoming Build-to-Order (BTO) project at Bukit Batok, Skyline I & II, a residential development which promises to be a landmark in the Jurong Lake area when...
Large flats in mature estates have proven to be the most popular among potential home buyers in HDB's latest Build-to-Order (BTO) exercise. As at 5pm, 8,776 applications have been received for 3,428 units offered, excluding studio apartments. Each four-room unit in Tampines Greenlace received about 3.3 applications from first-timers. Likewise, in Ang Mo Kio's Cheng San Court, each four-room unit had...
Strong housing demand and a buoyant resale market have pushed up the resale prices of public housing flats by 2 per cent in the third quarter of 2012 over the second quarter. The Housing and Development Board (HDB) said on Monday that its flash estimate of the 3rd Quarter 2012 Resale Price Index (RPI) stood at 197.9. This was the sharpest increase so far this year for the RPI, which tracks the general...