A RARE penthouse maisonette in Bishan Street 24 has become the most expensive HDB flat ever to be sold in Singapore. Its owner has accepted an offer for $900,000 for the 1,860 sq ft flat - $170,000 above its valuation. The buyers are an Indian Singaporean couple, according to a report in Lianhe Wanbao yesterday evening. It said the flat, which is on the 24th floor, was bought by the current owner 10...
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Agents report drop in number of purchase enquiries and applications Recent government measures to curb speculation in HDB flats appear to have affected sentiment in the resale market, at least for now. Property agents BT spoke to recount cases of buyers walking out of deals shortly after the new rules were announced. A few also observed a drop in the number of purchase enquiries or applications. The...
A family in Singapore nearly sold their home in Strathmore Avenue for $950,000 - possibly the highest amount fetched for an HDB flat. But the deal did not go through. The buyer could not get a bank loan for the rare penthouse valued at $875,000. The Queenstown flat joins another HDB flat which recently made the news for its equally lofty price. The property - a rooftop maisonette in Bishan Street 24 -...
Price resistance may be setting in as private homes, resale flats register small increases PRICES of private homes as well as public housing resale flats registered smaller quarter-on-quarter increases in the first quarter of this year compared with Q4 last year, government flash estimates show. Market watchers say this could reflect price resistance starting to set in following non-stop increases for...
AN executive condominium (EC) site at the junction of Sengkang East Avenue and Buangkok Drive will go on sale in about two weeks - and is expected to be warmly received by developers. The Housing & Development Board said yesterday it will release the site, which is on the government's reserve list. Sites on this list are released after a developer commits to bid at or above a minimum price acceptable...
Prices of HDB resale flats have continued to rise. According to the Housing Development Board's (HDB's) flash estimates, prices rose 2.7 per cent in the first quarter of this year, compared to the last quarter of 2009. The rise was more moderate compared to the almost 4 per cent increase in the fourth quarter of 2009. It is the fourth consecutive quarter of price increase. Resale volume has, however,...
An executive maisonette in Bishan is on the verge of setting a new record for the most expensive HDB flat ever transacted. The flat is set to be sold for S$900,000, including an eye-popping cash premium of S$170,000. However, analysts say that such a sale would be an exception, rather than the norm. MediaCorp understands the owner had originally asked for S$950,000, but this was brought down to...
Another plot of land meant for Executive Condominiums (EC) will be put up for tender. The Housing and Development Board (HDB) said on Thursday that it will launch the tender of the land parcel at Sengkang East Avenue and Buangkok Drive in two weeks. The site, which was placed on the government's Reserve List System, has a 99-year-lease. It has an area of about 17,000 square metres, which can yield an...
THE Housing Board (HDB) is launching a housing site at Yishun for tender today which will add another 700 homes to the housing stock. The site, at the junction of Yishun Avenue 11 and Yishun Central, is being launched under the HDB's design, build and sell scheme (DBSS). This allows private developers to design, build and sell the homes directly to flat buyers. Such flats come with finishes similar to...
FRESH evidence has emerged of Singapore's red hot property market with the Housing Board's (HDB) latest launches attracting six applicants for every available flat. A staggering 5,015 bids were received for 828 new flats in Sengkang and Sembawang by the application deadline of midnight on Monday. The high level of interest outstrips that of recent years, when about four applications were typically...