HDB offers a range of lifestyle options for the majority of the population. ADAM TAN explores the new public housing landscape IF the Resale Price Index (RPI) released by the Housing & Development Board (HDB) is anything to go by, public housing in Singapore is gaining popularity by the day. Quarterly results have recorded just four dips in over five years, with the RPI growing a modest 3.2 per cent...
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Senior Minister of State for National Development Grace Fu has explained further the need to cap the number of Permanent Residents in public housing estates. Just this month, the government set the quota for non-Malaysian PRs at five per cent of HDB flats or a total of eight per cent of HDB blocks. In an interview with MediaCorp's Channel 8 Focus programme, Ms Fu said this is a precautionary measure to...
The Housing and Development Board (HDB) said on Tuesday it has accepted an application for a residential land parcel at Tampines Road under the Reserve List System. The site, with an area of 2,662 square metres, is proposed for the development of landed or apartment housing on a 99-year lease. It has an allowable gross floor area of 3,727 square metres and the minimum offer price for the land parcel is...
The Housing and Development Board (HDB) said on Tuesday it will issue S$400 million of 5-year Fixed Rate Notes under its S$7 billion Medium Term Note Programme. The notes, with a coupon of 1.87 per cent per annum payable semi-annually in arrears, will be in denominations of S$250,000. They will be offered by way of placement to institutional investors. The lead manager is the Hongkong and Shanghai...
I AM writing to commend the residents of Tampines Street 22 for extending a welcoming hand to new rental block residents who will soon become their neighbours. Their gesture demonstrates the unity that is needed to maintain the harmony we currently enjoy ('New rental block? Neighbours say welcome'; last Thursday). On the other hand, the discriminatory stance taken by certain residents of Tampines Street...
A NEW rental HDB block is coming up in Tampines Street 22 - and unlike their neighbours in Pasir Ris and Tampines Street 83, residents there are happy to have it near them. All 20 residents interviewed by The Straits Times yesterday expressed no objections. Some were even welcoming of their future rental block neighbours who are expected to move in around May. Their only gripe: the loss of the football...
THE Housing Board has launched two build-to-order (BTO) projects that will deliver 828 new flats to the market. The developments - Fernvale Ridge in Sengkang and Sembawang RiverLodge in Sembawang - comprise 266 three-room, 436 four-room and 126 five-room units. Another 126 two-room flats in Sembawang RiverLodge will not be offered for sale. They will be set aside for lower-income families at a later...
PERMANENT residents looking to buy an HDB flat may have to widen their search beyond popular areas as some parts of the island have already reached the limits set out in the new quota system. PRs will not be able to buy flats in certain areas in Jurong West, Choa Chu Kang, Sembawang, Sengkang or Bukit Batok unless they are prepared to pay a premium over the asking price in the hope of enticing other PRs...
The Housing and Development Board (HDB) has launched two new Build-To-Order (BTO) projects - Fernvale Ridge in Sengkang and Sembawang RiverLodge in Sembawang. Close to 830 flats will be offered in total, most of which are four-room units. HDB said 95 per cent of the flats will be set aside for first-timers. Flats in Fernvale Ridge range in price from S$128,000 for a three-room unit to S$352,000 for a...
Executive condominiums (ECs) are back in the spotlight, amid a buoyant property market. They come with finishes similar to a private condominium, but are priced more affordably. Analysts expect strong interest for two new developments to be launched at the end of the year. But they also caution buyers against being too hasty. When the Eastvale executive condominium in Pasir Ris was launched, units were...