Resale prices for HDB flats are showing signs of picking up, with latest data pointing to a 2-per-cent rise in the last two months, according to the Singapore Real Estate Exchange (SRX). The median resale price for HDB flats islandwide increased to S$438,800 in the last two months from S$430,000 in the first quarter of the year, the SRX said yesterday. The SRX is a consortium of 11 leading property...
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National Development Minister Khaw Boon Wan has described the application rate for the May BTO as "quite encouraging". He said in his blog on Tuesday evening that as at 5 pm, the overall application rate is 2.5. He said based on the responses in the recent Build-to-Order (BTO) launches, first-timers are enjoying a high chance of getting their first homes while chances for second-timers have improved...
Sengkang saw the greatest interest at the close of May's Build-to-Order (BTO) flats applications. The first timer application rate for four-room units at Sengkang's Compassvale Boardwalk was 3.8. Five-room units saw 2.9 first timer applicants per flat. Kallang-Whampoa was the second most popular area, with 2.8 first timer applicants applying for a four-room unit. A total of 11,410 applications were...
Analysts said demand for executive condominiums (ECs) is expected to remain healthy in the second quarter. This despite economic uncertainties and a wider selection of new housing projects available. Executive condominium projects like Watercolours, located at Pasir Ris, continue to be a strong crowd puller. When first opened for applications in May, it was two times oversubscribed where more than 800...
HDB launched six BTO projects today, offering 4,627 new flats in three non-mature towns (Choa Chu Kang, Punggol, and Sengkang) and one mature town (Kallang/Whampoa). This is the third BTO launch this year. HDB plans to offer 25,000 BTO flats for 2012. Prices start from S$124,000 for a studio apartment in McNair Towers in Kallang/Whampoa. A 4-room flat in Compassvale Boardwalk in Sengkang, a non-mature...
“Celebrating L.I.F.E in the Heartlands” comes “to life” from 21 to 27 May as HDB heartlanders can look forward to fun-filled events that facilitate the building of communities, cultivate the emotional connection amongst residents and inculcate a sense of responsibility to play an active part for their living environment. In his blog entry on 18 May 2012, Minister for National Development Mr Khaw...
In a statement, the Housing & Development Board (HDB) said the tender for the executive condominium (EC) site located at Tampines Central 7 / Tampines Avenue 7 / Tampines Avenue 9 has attracted a total of six bids. The top bid of S$233.5 million for the 99-year leasehold site is jointly placed by Singxpress Property Development, Creative Investments and Kay Lim Realty. Spanning some 20,750 square...
The tender by Housing and Development Board for an executive condominium (EC) site at Woodlands Avenue 5 / Woodlands Drive 16 has attracted five bids. The top bid of S$247 million came from Hao Yuan Investment which works out to about S$320 per square foot per plot ratio for the 25,800 square metres site. Hao Yuan Investment bid 3.5 per cent higher than the second bid. The rest of the bids ranged between...
Around 400 online applications was received for its 416 units at about 5pm on Tuesday at the executive condominium (EC) project, Watercolours in Pasir Ris. Watercolours is the only Housing and Development Board project among the four developments located at the junction of Pasir Ris Link and Pasir Ris Drive 3. The other three developments are private condominium projects Ripple Bay and Seastrand, and an...
HDB’s Resale Price Index rose from 190.4 in 4th Quarter 2011 to 191.6 in the 1st Quarter 2012, an increase of 0.6% over the previous quarter. This is the same as the flash estimate released on 2 April 2012. Resale transactions fell 0.5%, from 5,921 cases in 4th Quarter 2011 to 5,892 cases in 1st Quarter 2012. HDB offered 8,076 flats under Build-To-Order (BTO) exercises and another 3,825 flats under a...