Nearly 75 per cent of flats on offer at a new Build-To-Order (BTO) project are two- and three-room flats. The Housing & Development Board (HDB) said the 700-unit development, Fernvale Crest at Sengkang, comprises 512 two- and three-room flats. HDB said this is the largest number and proportion of smaller flats offered for sale in a BTO project. The 140 units of two-room flats are priced at between...
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SOME 17 months after the idea was mooted, a proposal to privatise an HUDC estate in Hougang remains in limbo. This, despite the fact that to date, 282 resident owners have voted in favour of it, more than the 75 per cent required. The Housing and Development Board (HDB) says that it is still working out the conversion costs. However, some residents wish that the HDB could act faster to decide on the...
The Pinnacle@Duxton residential project holds two world records for the longest sky-garden and the heaviest skybridge. The popular residential project, which includes a roof-top garden, will have a total of 12 skybridges. Each bridge weighs 354 tonnes which is equivalent to the weight of a Boeing 747. Contractors used heavy duty hydraulics to push the bridges in place. The bridges will be lifted to the...
With Singapore becoming more populated, there is an increasing need to make living in HDB flats more enjoyable. For most HDB residents, loud music is a nuisance. But sometimes telling your neighbour off can be difficult. In fact, some MPs - who are also advisers to the Workgroup on "Promoting Better Social Behaviour" - have noticed reduced communication between residents. To deal with those who...
Property prices across the board were down in the first quarter of 2009. Official figures released Friday showed that in the private property market, residential, office, shop and industrial properties decreased fetched lower prices both in terms of sales and rentals. As for HDB’s Resale Price Index (RPI) for public housing, it showed a fall by 0.8% in 1st Quarter 2009 over the previous quarter. This...
APPLICATIONS were only supposed to open tomorrow - but the overwhelming response to the Housing and Development Board's (HDB) latest housing project in Simei under the Design, Build and Sell Scheme (DBSS), prompted developer Sim Lian Group to accept bookings on Saturday. On Friday, over a hundred people began queuing for the flats at Parc Lumiere, after Sim Lian said bookings would be accepted on a...
The Housing and Development Board (HDB) has received 178 applications since the Lease Buyback Scheme was launched last month. It is a scheme which helps seniors monetise their flats. With the Lease Buyback Scheme, these seniors will now be able to receive a monthly payout of a few hundred dollars and continue living in their flats for 30 years after they sign up. The scheme helps cash-poor, asset-rich...
Applications were only supposed to open on Tuesday, but the overwhelming response to the Housing and Development Board's (HDB) latest housing project in Simei, under the Design, Build and Sell Scheme (DBSS), prompted developer Sim Lian Group to accept bookings on Saturday. Under DBSS, private developers manage the project from its design to construction and sale, and applications are accepted on a...
Main board listed developer Sim Lian Group will launch its latest development, Parc Lumiere, by walk-in-selection on April 18. Parc Lumiere is a public housing project under the Housing & Development Board's "Design, Build and Sell Scheme" (DBSS). The development which is located near the Simei MRT station will comprise 360 four and five room units. Sim Lian said the average selling price for the...
Some 4,000 people showed up at the launch of "The Peak at Toa Payoh" on Wednesday - a project under the HDB's design, build and sell scheme (DBSS). There were some 100 people lining up outside the development even before it was launched at 8am. Analysts said that's not a bad turnout especially since a premium five-room flat there costs more than S$700,000. The development offers some condominium-style...