The Housing and Development Board's (HDB) resale price index has been closely watched, with many looking for signs that the property cooling measures introduced are making an impact. Releasing its flash estimates on Friday, HDB said prices of resale flats rose 4 per cent in the third quarter to hit a new high. But the authority said most of the transactions were registered before the measures kicked...
hdb news
Frasers Centrepoint Homes is launching its Esparina Residences executive condominium project next Friday. The 99-year leasehold property in Compassvale Bow is a short walk from the Buangkok MRT Station. It consists of 573 units, ranging from 829 sq ft for a two-bedroom unit to 2,583 sq feet for a four-bedroom penthouse. Prices range from $590,000 to $723,000 for a two-bedroom unit; $697,000 to $981,000...
The Housing and Development Board (HDB) has closed the tender for a residential site at Pasir Ris Drive 3 and Drive 4 after receiving four bids. The highest bid came from joint bidders FCL Topaz and F.E. Lakeside which bid S$151 million. That translates to about S$335 per square foot per plot ratio. Li Hiaw Ho, executive director of CBRE Research, said the quantum of the bids indicates that the...
The Housing & Development Board (HDB) has been conferred the 2010 UN-Habitat Scroll of Honour Award. The award, launched by the United Nations Human Settlements Programme in 1989, is currently the most prestigious human settlements award in the world. The aim of the award is to acknowledge initiatives which have made outstanding contributions such as shelter provision, leadership in post conflict...
The Housing & Development Board (HDB) will release two residential sites at Woodlands and Serangoon on Wednesday. The two sites at Woodlands Avenue 1/Woodgrove Avenue and Upper Serangoon Avenue can potentially yield about 805 dwelling units. HDB said the two sites will offer home buyers with more housing choices. The Woodlands site, which is near the Woodlands MRT and regional bus interchange, has...
HDB has launched two new Build to Order (BTO) projects in Woodlands. A total of 1,329 flats will be offered by the two projects - Woodlands Dew and Woodlands Meadow. 779 flats will be four and five-room units. 95 per cent of the flats will be set aside for First-Timers. Flats in Woodlands Dew will cost between $78,000 for a two room unit to $280,000 for a four-room flat. Flats in Woodlands Meadow will...
Following the recent Government measures to curb property speculation, some buyers have forfeited their booking fees on their planned purchases in anticipation of a dip in property prices. In the HDB resale market, anecdotal evidence has shown early signs of price moderation, in particular the cash-over-valuation component, as the expectations of buyers and sellers change. If HDB prices were to moderate,...
The National Development Ministry said prices of resale Housing Development Board (HDB) flats are determined by many factors, and that the Ethnic Integration Policy (EIP) is only one of them. Since 1989, there have been ethnic quotas in HDB estates to prevent racial enclaves from forming. The ministry said as of September, only 14 per cent of 162 neighbourhoods have reached their quota limits. It added...
Since the cooling measures announced a couple of weeks ago, HDB has seen a fall in the number of applicants for new flats, and the volume of transactions for resale flats has also fallen by about 25%. my paper reported there were 3,225 applicants for the 1,408 units in the Yishun Riverwalk BTO development. While still oversubscribed, the ratio of 2:1 is the lowest in recent months. Last month, the BTO...
THE new rules on ownership will not necessarily force private property owners who inherit an HDB flat to sell one of the homes. HDB clarified yesterday that if a property owner could keep both homes if he inherits an HDB flat that was bought before Aug 30. But if the flat's minimum occupation period (MOP) has yet to be met, the person inheriting it will have to move in until the MOP is complete, unless...