The Housing and Development Board (HDB) is increasing its new flat supply for 2012 by 2,000 units, boosting the number of Build-to-Order (BTO) flats for the year to 27,000 -- up from the originally planned 25,000. This is the biggest ever launch of new flats in a year. The news comes as HDB launched on Thursday 7,055 flats for sale under the joint BTO and Sale of Balance Flats (SBF) exercises in both...
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To provide developers and home-buyers with more choices for private housing, the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing two Executive Condominium (EC) sites and a residential site for sale in September 2012. The two EC sites at Sengkang West Way / Fernvale Link and Pasir Ris Drive 3 / Pasir Ris Rise are launched for sale under the Confirmed List today....
Last week, a Housing and Development Board (HDB) executive flat in Queenstown was sold on the resale market for a new record price of S$1 million, the first time that the magical number was achieved for public housing. The deal broke the previous record reached only a week earlier, when a Bishan executive maisonette was sold for S$980,000. While the price tags may have raised eyebrows, it was a long time...
Following the suspension of the Design Build and Sell Scheme (DBSS) last year, more than 1,000 flats have been left unsold as buyers turn to Build-to-Order (BTO) flats, reported The Straits Times. The slowdown in demand for pricier DBSS units was attributed to the surge in supply of BTO flats which also have a monthly income ceiling of S$10,000. While some DBSS launches have enjoyed healthy sales, others...
Heron Bay, Singapore's first-ever deluxe executive condominium (EC) at Upper Serangoon attracted more than 1,000 visitors on its opening day for e-applications. Several young couples and families thronged the sales gallery of the 394-unit project in District 19. Developers said they had expected a high turnout rate as the EC offered several premium features including living rooms with private jacuzzis...
Singaporeans can expect a few more million dollar Housing Development Board flats in the resale market soon. This is according to one property agent that Channel NewsAsia spoke to, who said the high asking price of some flats can be attributed to their prime location and large liveable space. The deal for a million dollar resale flat in Queenstown has been confirmed on Wednesday. It is a record amount...
Responding to a Parliamentary question, Minister Khaw Boon Wan said that the Ministry of National Development (MND) is not rushing to complete the review of the Design, Build and Sell Scheme (DBSS) for HDB flats. This follows the suspension of the DBSS land sales a year ago. The DBSS was introduced in 2005 to give flat buyers more choices by allowing private developers to design and build some public...
Senior Minister of State for National Development Lee Yi Shyan said there is inter-agency coordination to plan for necessary infrastructure ahead of demand, especially when new public housing projects are developed. So the Housing and Development Board (HDB) works with the Land Transport Authority for the construction of rail lines, expressways and major roads. Mr Lee said HDB also works with other...
The Housing and Development Board (HDB) will continue to explore ways to further reduce the delivery time for its building projects, said National Development Minister Khaw Boon Wan. He was responding to a question by Non-constituency Member of Parliament Gerald Giam on whether HDB aims to reduce the average waiting time for Build-to-Order flats (BTOs). Typically, BTO projects of 20 storeys and below now...
4.3 per cent, or 1,135 couples, who had booked a flat from 2009 to 2011 and the first half of 2012, cancelled their bookings and had to forfeit their deposit. Among these couples, 367 cited relationship break-up including annulment and divorce as the reason for the cancellation. Minister for National Development, Khaw Boon Wan, shared these figures in a written reply to Member of Parliament for Hougang...