Prices of resale flats in Singapore fell 0.9 per cent in 2018 compared to the year before, flash estimates released by the Housing and Development Board (HDB) on Wednesday (Jan 2) showed. In the fourth quarter of 2018 alone, prices fell an estimated 0.2 per cent, according to HDB’s resale price index. The index, which provides information on the general price movements in the resale public housing...
Home owners will be allowed to rent out their flat or bedrooms to non-Malaysian non-citizen tenants for a maximum of two years from Jan 1, 2019, the Housing and Development Board (HDB) said on Tuesday (Dec 18). This is up from the current 1.5 years. The revised tenancy period will apply to all rental applications involving non-Malaysian non-citizen tenants that are received by HDB on or after Jan 1,...
Fewer new flats will be launched next year, with 15,000 homes expected to be on offer – down from 15,800 this year, according to the Housing and Development Board (HDB). "In the last two years, the first-timer application rates for three-room and larger BTO (Build-to-Order) flats in all estates have remained stable at about two times," HDB said in a press release on Friday (Dec 7). Most...
A Housing and Development Board (HDB) terrace house was sold for nearly S$1.2 million in the third quarter of this year, smashing a previous record for the priciest HDB unit ever sold, according to a real estate trends report published by OrangeTee on Wednesday (Nov 21). The 237 sq m HDB terrace located along Jalan Bahagia near Whampoa was sold in September for S$1.185 million. The three-room property...
The details of the Lease Buyback Scheme's (LBS) extension to all flats should be ready by early 2019, Minister for National Development Lawrence Wong said on Friday (Nov 16). The announcement that the LBS would be extended to cover five-room and larger flats was made in August this year. Under the LBS, flat owners aged 65 and above who meet several other criteria can sell part of their flat's lease...
Condominiums and private apartments rentals dropped for a second straight month, slipping 0.7 per cent in October from the previous month, according to SRX on Wednesday. This came after rents dipped 0.5 per cent in September, with the figure revised by SRX from a 0.4 per cent decline. After barely budging in 2018, private market rents are now down 0.1 per cent from a year ago - but are a hefty 20...
The Housing and Development Board (HDB) launched 7,214 flats for sale on Tuesday (Nov 13) under the November 2018 Build-To-Order (BTO) and Sale of Balance Flats exercise. A total of 3,802 BTO flats are being offered in five projects: Four in the non-mature towns of Sembawang, Sengkang, Tengah and Yishun, and a fifth in the mature town of Tampines. Another 3,412 flats have been offered in the Sale of...
Resale prices of Housing Board (HDB) flats dipped 0.2 per cent in October from September, according to flash estimates released by real estate portal SRX Property on Thursday. October's prices were down 14.3 per cent from its peak in April 2013, and also marked a 2.1 per cent decrease from the same month last year. Three-room flats and five-room units saw a price increase of 0.8 per cent and 1.5 per...
Homebuyers' affinity for shoebox units and slightly larger offerings below 800 sq ft has been creeping up, according to an OrangeTee & Tie study on new sales and resales of small apartments between 2008 and 2018. The study centred on units below 500 sq ft or roughly the size of a one-bedder or shoebox unit, and those slightly larger, between 500 and 800 sq ft or roughly the size of a...
Two trends are reshaping Singapore’s housing landscape. Today, almost 1 in 6 Singapore resident is 65 or older. That’s 548,000 senior citizens. By 2030, every 1 in 4 residents will be 65 and above – residents who might want to unlock the value of their homes for retirement income or downgrade to a smaller house after their children have moved out. Rising singlehood is the second...
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