Despite Singapore's property market seeing a boom, the Housing and Development Board (HDB) has received no bids at the close of the tender for a residential site at Jurong West Street 42 on Thursday. The land parcel has a land area of over 16,800 square metres and a maximum gross floor area of about 50,445 square metres. The site is slated for Executive Condominium housing and has a lease period of 99...
hdb news
Targeting older flats and those in less popular areas can mean paying well below the high cash-over-valuation prices When homebuyer Ng Hui Hui and her husband, Mr Edwin Soon, read newspaper reports of how median cash-over-valuation (COV) prices hit a high of $30,000 recently, they heaved a sigh of relief. This may seem a surprise, given that having to fork out a higher cash premium to snare that...
Property watchers believe a higher supply of new Build-To-Order flats for 2011 will help to take some heat off the resale market where prices have been hitting record highs. Minister for National Development Mah Bow Tan said the Housing & Development Board is prepared to launch 16,000 new flats next year. They believe that this will allay concerns that prices are climbing too fast. And they hope...
First-time home buyers can look forward to at least 16,000 new Build-To-Order (BTO) flats next year, should demand continue to be strong. The National Development Minister gave this assurance while speaking to reporters after his ministry's National Day Observance Ceremony Friday morning. Even while recognising the work of the various agencies under the umbrella of the National Development Ministry,...
The Housing Development Board (HDB) has awarded the tender for the site at the junction of Tampines Avenue 5 and Tampines Central 8 to Sim Lian Land. The property developer submitted the highest bid at some S$178 million. This translates to about S$253 per square foot. The 32,000 square metre site is designated for public housing under the Design, Build and Sell Scheme (DBSS). It was launched in June...
The Housing and Development Board (HDB) is launching three residential sites at Hougang, Punggol and Pasir Ris for sale on Thursday. The three sites at Hougang Avenue 7, Punggol Drive/Punggol East and Pasir Ris Drive 3/Pasir Ris Drive 4 can potentially yield about 1,260 dwelling units, of which about 485 are Executive Condominium (EC) units. HDB said these sites will provide home buyers with more housing...
The Housing Development Board (HDB) has received five bids for the sale of a site at the junction of Tampines Avenue 5 and Tampines Central 8. The 32,000 square metre site is designated for public housing under the Design, Build and Sell Scheme, also known as DBSS. It was launched in June and the tender closed at noon on Tuesday. The top bid came from Sim Lian Land, which bid S$178 million for the site....
With the current property market and HDB prices at its peak, potential second-hand flat buyers should not dive in recklessly when purchasing a flat, but will have to be mindful of the potential pitfalls, warns real estate agents. Citing an example of a family who paid S$645,000 for their executive maisonette in Yishun 14 years ago, Mr Mohamed Ismail, CEO of PropNex real estate agency, says the family has...
The Housing and Development Board is launching two new Build To Order (BTO) projects Thursday at Senja Gateway in Bukit Panjang and Corporation Tiara in Jurong West. A total of 1,016 flats will be offered. This comprises 254 units of Studio Apartments, 484 units of four-room and 278 units of five-room flats. HDB says 95 per cent of the public supply of four- and five-room flats will be set aside for...
The Housing and Development Board (HDB) is investigating 300 cases for unauthorised subletting with four owners losing their units and six fined for illegal subletting so far. This comes after HDB stepped up enforcement against unauthorised subletting and conducted 2,600 checks on HDB flats in the first five months of this year. Of the 300 cases, 59 cases are suspected to have infringed the subletting...