The latest public housing project to be sold under the Design, Build and Sell Scheme (DBSS) will be launched on Friday, April 27. Pasir Ris One is also widely believed to be the last DBSS development, following the government's move to suspend land sales for such projects last year. The 447-unit development, located at Pasir Ris Central next to the MRT station, comprises 3-room to 5-room units. A 3-room...
hdb news
The Housing & Development Board (HDB) marked the end of the Main Upgrading Programme (MUP) for first-generation public housing estates on Saturday after 22 years. Speaking at the completion ceremony of the final precinct at Ang Mo Kio Avenue 10, Prime Minister Lee Hsien Loong said it is not the end of the road for government upgrading of public housing. It is now replaced by newer schemes, including...
Applications for the latest sale of Housing and Development Board (HDB) flats were 3.25 times oversubscribed. As the deadline for applications drew to a close on Tuesday, the HDB received some 26,000 applications for the 7,978 flats released for sale last week. Minister for National Development Khaw Boon Wan said in his latest blog post that the application rates have been reassuring. For flats in...
A residential redevelopment site at Fernvale Lane has received a top bid of S$245 million at the close of a public tender on Tuesday. Only four bids were received for the executive condominium (EC) site. The top bid came from Peak Living Pte Ltd, a subsidiary of Kheng Leong Group which is controlled by the family of tycoon Wee Cho Yaw. FCL Tampines Court Pte Ltd/Keong Hong Construction put in the second...
Prices of HDB resale flats saw nearly flat growth in the first three months of the year, inching up just 0.6 percent over the fourth quarter of 2011. The flash estimate released by the Housing and Development Board (HDB) is less than half the growth seen in the previous quarter. Flash estimates of the resale price index, which provides information on the general price movements in the public residential...
HDB resale prices rose in the first quarter of 2012, while private homes prices fell for the first time since 2009. HDB flash estimates showed an increase of 0.6 per cent in the January-March 2012, the smallest rise in resale prices since the third quarter of 2006. The increase was also lower than the 1.7 per cent gain registered in the fourth quarter of 2011. Separately, an estimate by the Urban...
The Housing and Development Board (HDB) has tweaked its rules to discourage buyers who book a flat but subsequently cancel their booking, in a move designed to better protect the interests of serious home buyers. Such applicants who cancel their booking cannot, within one year from the date of cancellation, apply or be included as an essential occupier for a new HDB flat, DBSS (Design, Build and Sell...
The Housing and Development Board (HDB) will launch a bumper crop of 8,000 flats in Build-to-Order (BTO) and Sale of Balance Flats (SBF) exercises on Wednesday. The flats are in mature and non-mature estates, and cover a full range of flat types from three- to five-room flats. HDB is using the ramped-up supply of new flats to help other buyer groups, now that the queue of first-time flat applicants has...
Housing and Development Board (HDB) upgraders are facing challenges as they look to move into the private housing market, with cash-over-valuation (COV) figures falling amid a weakening resale market. The HDB has stopped providing overall COV figures for resale flats, but data released from PropNex Realty for February shows that average COVs fell between S$3,000 and S$7,000, excluding three-room...
The new Multi-Generation Priority Scheme (MGPS) by the HDB, which gives more chances for couples to own their own flats if their parents live with them may be abused, warned some property experts. Although it aims to promote multi-generational family living, some could abuse the scheme by bidding for a popular unit in a mature estate and yet, not everyone would be living under the same roof. Moreover,...