The Housing & Development Board (HDB) is considering imposing a quota on Permanent Residents buying resale HDB flats. This could be done in the same way that racial quotas are imposed to prevent ethnic enclaves. The issue came up in a dialogue session on public housing with Minister Mentor Lee Kuan Yew where questions on affordability and aspirations were brought up. Public housing has come a long...
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Is there a role for Singapore's Housing and Development Board (HDB), now that the entire population has been housed? Prime Minister Lee Hsien Loong said the answer is "Yes" as the HDB is still responsible for providing good public housing and fostering social integration. Speaking at its 50th anniversary, Mr Lee also revealed the board will celebrate half a century of achievements by building its one...
Prices of resale HDB flats continued to rise in the fourth quarter of last year, bringing the full-year increase to 8.2 per cent. Statistics from HDB also showed that the median cash premium paid by home buyers doubled quarter-on-quarter. But analysts said the market may be approaching a limit. 93 per cent of resale transactions in the 4th quarter of last year were above valuation and the cash premium...
Housing analysts said it is a sellers' market right now, with resale flats being a hot commodity lately. But the Housing and Development Board (HDB) has urged buyers to exercise caution when paying high cash premiums, and to do their homework to determine if a house is truly worth its asking price. A 4-room flat in Bishan was recently put up for sale. It was valued at S$460,000 by an independent valuer...
The Housing Development Board's (HDB's) first two Build-to-Order (BTO) projects launched for the year are receiving very favourable responses. A few hours before the close of applications at 2359hrs on Monday, the 1,291 units being offered at Limbang Green in Choa Chu Kang and Buangkok Vale were more than five times oversubscribed. The four-room flats were the most popular. The 188 four-room units in...
The Housing and Development Board (HDB) will launch two Executive Condominium (EC) sites for sale on January 15. The sites, located in Sengkang and Yishun, will yield a total of about 900 units. Each site has a lease term of 99 years. The plot of land at Sengkang is located near to Buangkok MRT station with a land area of 19,000 square metres and a maximum permissible gross floor area of 57,000 square...
The Housing and Development Board (HDB) will build about 12,000 new Build-To-Order (BTO) flats this year, if demand is sustained. National Development Minister Mah Bow Tan said this would be supplemented by flats under the Design, Build and Sell Scheme as well as executive condominiums. In reply to a Parliamentary question, Mr Mah said HDB is committed to ensuring a sufficient supply of new flats. Last...
Owners of HDB flats who sub-let rooms will have to register with HDB within 7 days of doing so. The rule, taking effect from February 1, also requires owners to notify HDB when they renew or terminate the sub-letting of rooms, and when there are changes to their sub-tenants' particulars. The Housing and Development Board (HDB) said the new requirement will support the Ministry of Home Affairs's efforts...
A land parcel in Sengkang meant for a condominium development has been launched for sale by public tender. The Housing & Development Board (HDB) is launching the condominium housing site at Sengkang West Avenue and Fernvale Link for sale. Interested developers have to submit a minimum bid of S$70 million. The site was made available for sale through the reserve list in June last year. HDB said a...
As housing prices in Singapore continue to climb, the Government has announced a slew of measures to raise supply. These measures include Housing and Development Board's (HDB's) latest Build-To-Order (BTO) exercise, with 1,291 new flats launched in two locations on Tuesday. Located in Choa Chu Kang and Hougang, the majority of the new units offered in HDB's latest BTO exercise are studio apartments and...