THE Housing and Development Board (HDB) has launched a land parcel in Yishun for sale under its design, build and sell scheme (DBSS). Around 700 flats can be built on the site located at the junction of Yishun Avenue 11 and Yishun Central. Analysts estimate that the top bid could be in the region of $132-166 million, which translates to around $160-200 per square foot (psf) per plot ratio. They added that...
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The Housing and Development Board (HDB) is launching another residential site for public tender under the Design, Build and Sell Scheme (DBSS). The latest project is located at Yishun Avenue 11 and Yishun Central. It is near a range of amenities such as educational institutions, a sports stadium and a swimming complex. Some 700 units are estimated to be on offer when the project is completed. Under the...
FAMILY ties among public housing residents have strengthened over the years, the Housing and Development Board's latest sample household survey shows. The survey, which covered 8,000 households, also revealed a growing trend among married couples to live near or together with their parents. The survey explored three main aspects of family ties - living arrangements, interaction and support and the...
The two latest Build-To-Order (BTO) projects in Sengkang and Sembawang are receiving strong interest. The bigger flats offered under the two projects are more popular than the smaller units. Some 1,260 applications have been received so far for the 5-room units in the Fernvale Ridge BTO in Sengkang, 10 times the number of such units on offer. They are being sold at between S$281,000 and S$352,000. The...
Moves to clamp down on illegal subletting of HDB flats should not penalise only the owner, property agents told The Sunday Times. Tenants and rogue property agents who close these deals should also be held responsible, they suggested. They were responding to a case that made the headlines two weeks ago in which the HDB repossessed three flats linked to a man, Mr Poh Boon Kay, who also owned five private...
Of the many people turning to their MPs for help when they run into trouble paying for their flats, none is a first-time owner living in the home he bought straight from the Housing Board. Instead, they tend to be people who have bought and sold HDB flats more than once in a bid to make a quick buck. Prime Minister Lee Hsien Loong highlighted this point at a dialogue yesterday, as he expressed grave...
The government is exploring how it can further tie a person's CPF to the purchase and sale of an HDB flat. The aim is to strengthen the message that property is an asset for one's old age. Prime Minister Lee Hsien Loong said this at a forum organised by REACH, the government's feedback unit. It is a growing trend that has got authorities concerned: Home-owners selling HDB flats to pay off debts, only...
A TAIWANESE couple have paid $650,000 for a four-room flat in Bain Street - smashing Housing Board (HDB) records and reflecting the strength in the red-hot resale market. The sale price works out to be $736 per sq ft (psf) for the 30-year-old flat on the 25th floor of a block at Bras Basah. That is the highest psf price paid for an HDB property and is on a par with prices of private homes in suburban...
Bullish sentiment has led to aggressive bidding by developers, not just for 99-year leasehold government sites for private condominium development but executive condos (EC) as well. This was most evident in the last two tenders of EC sites, which achieved record prices in terms of land bids. Earlier this month, a joint venture between Frasers Centrepoint Ltd and Lum Chang Building Contractors beat 10...
EUGENE LIM reckons the current huge base of upgraders, downgraders and PRs is likely to grow and prop up demand for resale HDB flats THE HDB resale market has been sizzling of late. In fact, prices have hit their highest level since 1990 when the Housing & Development Board started tracking resale HDB flat prices through its quarterly resale price index. Prices of resale HDB flats rose 3.9 per cent...