The resale prices of HDB flats rose by 1.4 per cent in the second quarter of 2009, higher than an initial estimate of a 1.2 per cent increase made earlier this month. This comes after a slight drop of 0.8 per cent in the three months ending March. Resale transactions also increased, jumping from 6,400 cases in the first quarter to 10,000 cases in the second quarter. The median cash-over-valuation (COV)...
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The Housing and Development Board (HDB) will launch a condominium site at Bukit Panjang for sale by public tender on Thursday. HDB said earlier this week it had accepted an application under the reserve list system from a developer to put the land parcel up for tender. The 99-year land parcel has a site area of about 244,000 square feet and a permissible gross floor area of 513,000 square feet. The...
The Housing and Development Board (HDB) will launch the public tender for a residential site at Bukit Panjang later this week. HDB says it has accepted an application under the reserve list system from a developer to put the land parcel up for tender. Under the reserve list system, the government will put up a reserve list site for public tender if it receives an application from a developer who commits,...
Property agents said on Tuesday that flat prices in opposition-held wards, Hougang and Potong Pasir, are likely to rise if they are selected for lift upgrading. This is after the government announced on Monday that the two are among the 65 precincts in Singapore that are eligible for the popular improvement programme this financial year. Selected precincts will be announced in two to three months. Once...
For the first time, opposition-held Potong Pasir and Hougang will be eligible for the Lift Upgrading Programme (LUP) for 65 precincts islandwide. Senior Minister of State for National Development Grace Fu revealed this to the media on Monday at a Home Improvement Programme (HIP) event. Residents received upgrades to their piping, laundry areas and electrical systems and 33,000 more households across...
National Development Minister Mah Bow Tan said the HDB resale market is stable despite prices rising 1.2 per cent between April and June. Market watchers had expected HDB prices to continue to slide with recessionary pressures. Although HDB resale prices have risen in the last quarter, Mr Mah said there is no real cause for concern for now as long as there are no wild fluctuations in price movements and...
344 Singaporeans have signed up for the Housing and Development Board's Lease Buyback Scheme since its launch in March. HDB gave out its first batch of upfront payment of S$5,000 to flat owners on Tuesday. Residents in the 30-year-old Queenstown estate were the first to receive the initial payouts from the HDB Lease Buyback Scheme. Under the scheme, senior citizens aged 62 years and above from...
Rental flats today are no longer just a shelter for the destitute. With the worsening economy, some middle-class families, faced with financial hardship, have been forced to downgrade. How are the newly poor, who are now moving into one-room flats, coping with their new environment, envy and hostility? THIS is the last place Mr Ramah Arif (not his real name), 33, expected to end up. A cheap, far from...
The Housing and Development Board’s (HDB’s) latest Build-To-Order (BTO) project in Sengkang has attracted almost thrice the number of applicants compared to units available. Fernvale Crest has a total of 1,992 applications versus 700 units available. Fernvale Crest has, by far, the most number of small flats in a BTO development. Its two-room flats were the least popular, with 169 applications...
The poor economic climate has affected many neighbourhood retailers but there'll be some relief through the housing board's scheme to bring shoppers back into the heartlands. It's spending S$12 million to renovate 33 sites islandwide, covering some 3,000 shops, more than double the amount spent in its pilot scheme in 2007. The owner of a fish stall in Bukit Batok estate said his business saw a 10 to 20...