The Housing & Development Board (HDB) has withdrawn a commercial site in Tampines from the reserve list system. The site, located at Tampines Concourse, was originally proposed for commercial development. HDB said the site was withdrawn from the list as it will be affected by future infrastructure works. The site has an area of about 5,000 square metres and a total gross floor area of some 21,000...
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Since the government enhanced the Additional Housing Grant for flat buyers in February, the number of applications for this grant has doubled. Between February and July, the Housing and Development Board (HDB) received 6,338 applications for the grant, or an average of 1,000 applications per month. About 24 per cent of the applicants are households that earn between S$4,000 and S$5,000. In...
GIVEN the pressing housing needs of an elderly population, the Government may want to consider giving the elderly priority when it comes to allocating new HDB flats, such as setting aside a proportion of such flats for them. Such schemes, similar to those used in Hong Kong, could help meet the needs of Singapore's changing demographics, suggested Member of Parliament Lim Wee Kiak (Sembawang GRC) in...
The Housing and Development Board (HDB) has received 13 bids for the land parcel at Chestnut Avenue at the close of its tender on Wednesday. The land parcel has a site area of 22,700 square metres, with a maximum allowable gross floor area of 47,670 square metres. It is set aside for condominium housing, with a lease period of 99 years. Sunny Vista Developments and Hong Realty have jointly submitted the...
Mainboard-listed BBR Holdings has secured a S$104.2-million contract from Singapore's Housing & Development Board (HDB) to build seven blocks of flats in Yishun Neighbourhood 4. This is the company's first HDB contract and work is expected to begin next month. The project will be carried out in 10 phases and is expected to complete by 2012. The work comprises 864 homes, a Child Care Centre, a roof...
The Housing and Development Board (HDB) said it will launch another build-to-order (BTO) project in Punggol this month. This announcement came after its latest BTO project in Punggol received good response from flat buyers. HDB said as at 2pm Wednesday, the Punggol Residences project saw 5,147 applications for the 769 units available. This translates to a subscription rate of 6.7 times. HDB said the...
Residents in Bukit Panjang will soon have lift landings on every floor. Work has already been completed on 124 Housing and Development Board (HDB) blocks under the lift upgrading programme. And upgrading of the remaining eight eligible blocks will be finished in a few months’ time. The S$80 million lift upgrading programme is part of wider measures to develop the town's infrastructure. Ramps and...
WHEN the original Punggol 21 vision was unveiled 13 years ago, enthusiasts who bought homes in the sleepy estate became disillusioned when the model waterfront living failed to materialised and facilities were slow to appear. But then the dream was revived with a bang two years ago - and since then, interest has been strong, with recent HDB Build-To-Order (BTO) projects seeing robust demand. Yesterday...
The Housing and Development Board (HDB) launched another Build-To-Order (BTO) project in Punggol on Thursday. Punggol Residences offers 769 flats, comprising 615 units of 4-room flats and 154 units of 5-room flats. It is a premium contract with enhanced architectural designs, improved facades and better landscaping. The flats will come with full finishes such as timber strip flooring for the bedrooms,...
IN WHAT appears to be confidence that the green shoots of the economic recovery are slowly bearing fruit, prices of resale Housing and Development Board (HDB) flats have hit a record high in the second quarter, and property agents say this is leading to a renewed climb in the cash-over-valuation (COV) for the secondary market transactions. The HDB reported on Friday that its resale price index rose 1.4...