The Housing and Development Board (HDB) has awarded a residential site at Punggol Field/Punggol Road to the highest joint-bidders. They are ChoiceHomes Investments and CEL Development which made the top offer price of S$223.7 million. HDB received a total of five bids for the site measuring 22,497 square metres. The site has a maximum gross floor area of 67,492 square metres. Under the government's...
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Construction firm Chip Eng Seng said Wednesday that its wholly-owned subsidiary, CEL Development will set up a special purpose vehicle (SPV) to facilitate the development of an executive condominium (EC) in Punggol. This is in view of the fact that CEL and its partner, Choicehomes Investments, have emerged as the top bidder in a tender for the site. Both sides put in a joint bid of $223.74 million for...
The Housing and Development Board's (HDB) tender for a residential site at Punggol Field and Punggol Road has attracted the highest bid of S$223.7 million. This came from a joint bid by two companies - ChoiceHomes Investments and CEL Development. That translates to about S$298 per square foot per plot ratio for the reserve list site meant for executive condominium development. The next highest bid came...
The Housing and Development Board (HDB) will have a new CEO in August. She's Cheong Koon Hean, currently the CEO of the Urban Redevelopment Authority. Mrs Cheong will relinquish her current appointment but continue as Deputy Secretary (Special Duties) at the Ministry of National Development (MND) with the responsibility of overseeing land reclamation issues. Current HDB CEO, Tay Kim Poh, will be...
Early into his chairmanship of the Housing and Development Board (HDB), Mr Lim Kim San heard about building contractors being crooked. So, he thought that it would be a good idea for him to go around and look at some of the buildings being constructed. The first structure that he saw - an HDB block in Margaret Drive - appeared crooked to him. He went back to his office and declared that either his...
The Housing and Development Board is organising a retail seminar as part of its efforts to help HDB retailers stay competitive and relevant. The seminar, entitled "The Insights of Doing Heartland Business", will dispense practical tips and best practices for retailers to enhance their business. HDB says it is critical for HDB retailers to continually widen their retail knowledge and practices. The...
As of end April, 20,258 flat owners who sublet their rooms have registered with the Housing and Development Board (HDB). Under new rules that kicked in February, new subletting agreements have to be logged with HDB within seven days. Flat owners must also inform HDB of changes to the tenant's particulars, and if they renew or terminate contracts. However, there is no need to seek prior approval for the...
Flat buyers can look forward to more public housing choices under the Design, Build and Sell Scheme (DBSS). The Housing and Development Board (HDB) on Monday awarded a tender for a site that could yield about 700 DBSS flats in Yishun to Guthrie (DBP) and SK Land for S$148.9 million. HDB will tender another three new DBSS sites later this year that could yield about 1,600 flats in Tampines, Bedok...
The Housing and Development Board (HDB) has received 552 applications so far for its Lease Buyback Scheme. The scheme was launched in March 2009 to help the elderly in three-room or smaller flats unlock their housing equity to meet their retirement needs by selling their HDB flats to the government for cash. Parliamentary Secretary for National Development Mohamad Maliki Osman told Parliament on...
The latest Build-To-Order Project, Boon Lay Grove in Jurong West, is receiving heavy interest from home buyers. Observers say the upcoming Jurong Lake District makes the location more attractive. Based on latest figures from the HDB website, more than 3,800 people have applied for the 450 units being offered. That is close to nine times as many applicants as there are units. Some 2,500 people have...