The Housing and Development Board said on Monday that its latest Build-To-Order (BTO) project, Yishun Riverwalk, received a total of 3,225 applications for the 1,408-unit development. Observers said demand was not as overwhelming since the new housing measures to cool the property market kicked in. Property agents said they expect cash-over-valuation (COV) to fall by 20 to 25 per cent this year. So some...
hdb news
The Housing and Development Board (HDB) has launched a land parcel located at Bedok Reservoir Crescent for sale by public tender under the Design, Build and Sell Scheme. The tender will close at noon on November 2. HDB said the new DBSS site is located in Bedok Town, a choice residential town surrounded by excellent amenities such as the town centre, neighbourhood centres, schools, Bedok Reservoir,...
SOME resale flat sellers asking for high cash premiums have been brought back down to earth by the recent property rulings. Agents have seen a handful of owners lowering their cash- over-valuation (COV) quotes, especially if they are asking for more than $60,000 initially. Owners who have a real need to sell their flats and are demanding less to attract buyers. C&H Realty managing director Albert Lu...
NEW measures that prevent people from owning both public and private properties appear to have discouraged some permanent residents from buying resale flats here for now. Agents have seen PRs delaying house hunting, and they expect PRs to account for fewer sales. Behind the change in sentiment are rules introduced by the government this week to cool the residential property sector. From Aug 30, a...
The Housing and Development Board (HDB) has said it will look at requests of those affected by the new changes to resale flat applications on a case-by-case basis. It was referring to those who have exercised the Option to Purchase a resale flat and secured a bank loan before August 30, but have not submitted their resale applications to HDB when the policy changes were announced. HDB added that those...
Before Monday, if HDB resale flats were tradeable investment products on the screen of international ratings agencies, they would have attained a triple-A rating; so highly regarded were they by property investors. However, all that changed when the Government announced measures to effectively close them to new investors and speculators. The new rules disallow concurrent ownership of HDB flats and private...
The recent changes to dual home ownership aimed at cooling the sizzling property market have left some owners in a bind. From 30 August, private property owners who want to buy a flat from the Housing and Development Board (HDB) would have to sell their private property within six months. The regulation also applies to those who own property outside of Singapore. For some, owning two properties is a...
They must sell overseas home within six months of buying HDB flat PEOPLE who own a home overseas will still have to comply with the new rules on property ownership if they want to buy an HDB resale flat. The new rules state that if you buy an HDB resale flat you must dispose of any additional private property within six months of the purchase. That rule also applies to people who own homes offshore....
One day after unveiling cooling measures, the Government has put 3,032 new flats up for sale - the largest supply of public housing in a single launch to date - and released five residential sites for private homes. The five 99-year leasehold plots is expected to yield a total of 2,045 units. Yesterday, the Government announced that under the Build-To-Order (BTO) system, 1,408 new flats will be offered...
Despite friends' dissuasion, journalist buys Choa Chu Kang HDB penthouse at whopping $755,000. YES, I paid $100,000 in cash-over-valuation (COV) for my HDB flat. No, I did not mistakenly add an extra zero to that figure. "Gila" (crazy in Malay), said one friend. Totally exorbitant, chided another. But I have only one question: How much would you pay for the home of your dreams? I don't just mean a flat...