It is now a highly-prized HDB development. But the Pinnacle at Tanjong Pagar might not have been built if National Development Minister Mah Bow Tan had not won over his colleagues in the Cabinet. With the prime land slated for residential development, "the question facing us was whether we should have built private property - that means tender out the land for private property - or built HDB", Mr Mah...
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MORE executive condominiums (ECs) will be built this year to meet the housing needs of the 'sandwiched group', said National Development Minister Mah Bow Tan yesterday. This group refers to couples who do not qualify for new Housing Development Board (HDB) flats because their combined monthly income exceeds the $8,000 cap, but who may find private property too expensive. Mr Mah, who was a guest on...
Executive condominium (EC) prices look set to rise further with the close of two EC tenders at higher-than-expected bids in the past two weeks. The Sengkang EC site attracted a top bid of $315 per sq ft (psf) of gross floor area, while the Yishun EC site drew a top bid of $281 psf of gross floor area. Analysts estimated that the winning bidders will have to sell the units at Sengkang for $650 to $700 psf...
Mr Mohamed Mustafa Shahulhamid has been looking for a resale flat in Little India for his son in the last six months. So far, his hunt has been fruitless. 'Many Indian families want to live in Little India. No Indian families are moving out and we cannot buy from the Chinese,' said the 51-year-old frozen food trader. Under the Ethnic Integration Policy, the Government has set ratios for ethnic groups...
The government will build more Executive Condominiums (ECs) to meet the housing needs of what is described as the "sandwiched group". For this year, ECs will make up 10 per cent of about 12,000 new flats to be built. National Development Minister Mah Bow Tan said this on Channel NewsAsia's programme, "Talking Point". He was responding to a question on prices for the market for ECs, which is regarded as...
IN A clear warning to those who sublet their flats illegally, the Housing Board (HDB) has moved to take back three apartments linked to a real estate agent who owns five private properties. One flat to be repossessed belongs to the real estate agent, Mr Poh Boon Kay, 61, and his wife, Madam Khoo Kim Cheng, 52, who had illegally sublet their four-room flat in Bukit Batok. The other two flats in Telok...
WORKS on a lift upgrading project in Eunos that had been delayed for about 10 months restarted yesterday. Progress was made at a meeting on Thursday when the Housing Board agreed to 10 out of 15 requests from unhappy residents. The home owners in Blocks 411, 415 and 417 in Eunos Road 5 had protested that new lift shafts already built blocked light and ventilation to their flats. The HDB, which stopped...
The Housing and Development Board (HDB) has taken action against 56 flat owners for illegal sub-letting between January 2008 and December last year. Most were fined between S$1,000 and S$21,000. One owner had his flat repossessed for blatantly flouting HDB's sub-letting rules. Giving details of the case, HDB said it first received feedback on the unauthorised sub-letting of a unit in Block 336 Bukit...
A CHINESE firm new to Singapore's residential development scene has topped the bidding for an executive condominium (EC) site in Yishun. Beijing-headquartered MCC Land (Singapore), which lost out on last week's tender for an EC site in Sengkang, was the highest bidder for the 15,074 sq m Yishun plot. Its $127.8 million bid, or $281.31 per sq ft (psf) of gross floor area, easily beat earlier analysts'...
The executive condominium site at Yishun Avenue 11 has attracted 10 bids. MCC Land Singapore put in the top bid of $127.8m for the 99-year leasehold plot. This translates into S$281 per square foot per plot ratio. The second highest bid came from Qingjian Realty, at S$118.8m, followed by Maxdin Pte Ltd which placed a bid of S$117m. The remaining offers range between S$46.8m and S$116m. Real estate...