Some were in financial hardship, and an increasing number were Singaporeans working overseas or who simply saw their flats as investments. They made up the growing number of households that are sub-letting their entire flats – a figure that jumped 21 per cent in the course of the last financial year. Between April last year and March this year, the Housing and Development Board (HDB) approved 22,754...
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The Housing and Development Board (HDB) said on Monday it has put up for tender a residential site at Westwood Avenue. The site was placed on the reserve list and the sale process was triggered after a developer committed to submitting a minimum bid of S$15 million. The land parcel has a site area of 14,098.8 square metres and is proposed for landed housing development. Located within Jurong West town,...
Four blocks of flats at Bukit Merah View - blocks 110, 111, 113 and 114 - will undergo the Selective EnBloc Redevelopment Programme (SERS). Member of Parliament (MP) for Tanjong Pagar GRC and Deputy Speaker of Parliament Indranee Rajah made the announcement at the division's tree planting day activities, attended by Minister Mentor Lee Kuan Yew and the MPs of the GRC. Ms Indranee noted that the residents...
The Housing and Development Board (HDB) has reported a S$2b deficit before government grants in its latest annual report. The figure is more than double the loss reported in the previous financial year. HDB said the huge deficit for the financial year ending March was due mainly to more flats being sold. These flats are highly subsidised by the government. Higher construction costs also led to the large...
There were almost four times the numbers of applicants for the 1,200 flats released in HDB's Build-To-Order (BTO) flats in Sengkang and Jurong West. However, one industry player sees this demand for BTO flats as the norm and not as a result of the recent high prices in the HDB resale market. Mohammed Ismail, CEO of Propnex, said: "BTO are generally in greater demand and the usual number of subscription...
The Housing & Development Board (HDB) on Monday accepted an application under the Reserve List System to put up a residential land parcel at Jurong West for public tender. HDB said it will launch the tender for the land parcel in about two weeks. The land parcel is at Westwood Avenue and it is proposed for the development of landed housing. The area covers 14,098.9 square metres and is for a lease...
The Housing and Development Board (HDB) will consider measures to prevent the congregation of permanent residents, if necessary. MediaCorp had contacted the statutory board after Member of Parliament Lim Wee Kiak filed a parliamentary question on the total number of PRs who own HDB flats and the distribution of PRs in various public housing estates. While his question is being held over from last week -...
Prices of HDB resale flats in Singapore rose to record highs in the third quarter, according to data released on Friday. The latest data from the Housing and Development Board (HDB) showed that the Resale Price Index rose 3.6 per cent in the third quarter over the previous quarter to 145.2 points. This has raised concern among some potential homebuyers, who fear that prices may continue to rise. The...
Private home prices rose 15.8 per cent in the third quarter compared to the second quarter - slightly lower than the initial forecast of a 15.9-per-cent rise made by the Urban and Redevelopment Authority (URA) in early October. The rise in prices between July and September is a sharp turnaround from the 4.7-per-cent fall seen in the second quarter, and snaps four straight quarters of decline. According...
The Housing and Development Board (HDB) has said it cannot take over the wet markets owned by private operators or interfere with the commercial negotiation between the new owner and the stallholders when such wet markets change hands. The HDB also cannot "impose new requirements that are more stringent on the new owner, compared to those already imposed on the existing one". HDB said this in a statement...