Industrial and commercial properties managed by the Housing and Development Board (HDB), JTC Corporation and the Singapore Land Authority (SLA) will get a 15 per cent rental rebate for one year. This will benefit more than 31,000 tenants, lessees and temporary occupation licensees and amount to S$306 million. The rebate will take effect from January 1, 2009, to December 31, 2009. It is part of the...
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It should be more sensitive to tough economic times BUSINESSES big and small are being ravaged by the global economic downturn, with firms here down on their knees pleading for all the help that they can get, from cash to measures that will help them reduce their costs. The Government has recognised their plight and has promised help. Prime Minister Lee Hsien Loong said the Government would help workers...
Singapore's public housing market is expected to do well this year, compared to the slumping real estate markets across Asia. The economic slowdown means homebuyers are likely to opt for cheaper units from the Housing and Development Board (HDB) over more expensive housing like condominiums. On the private housing front, transaction volumes and prices have fallen at an increasing pace in recent months...
PUBLIC housing resale prices have stubbornly continued to climb even as private home prices are accelerating downhill and pundits are betting on flat prices still holding firm this year if not seeing a modest single-digit growth, then staying level for the most part. Flash estimates from the Housing and Development Board (HDB) showed that its resale price index grew by 1.5 per cent in the fourth quarter,...
Prices of private, non-landed residential properties in Singapore fell 5.7 per cent in the last quarter of 2008. The quarter-on-quarter drop in private home prices is more than double the 2.4 per cent decrease in the July-September quarter. Experts said the steep fall is fuelled by deteriorating sentiment. Market players are also matching prices to falling valuations. Nicholas Mak, consultancy and...
While the focus has been shifted to 2-room flats, the 4-room is still most popular AS the Housing Board launched its last Build-To-Order (BTO) exercise for the year, offering 1,181 units in Punggol and Choa Chu Kang, applications for its Dew Spring @ Yishun, which draw to a close today, reflect an interesting trend. While just 864 flats are up for grabs at Dew Spring, 2,091 applications had been received...
The Housing and Development Board (HDB) launched two new housing projects in Choa Chu Kang and Punggol on Tuesday in its last sales exercise of the year. It will offer a total of 1,181 flats, from studio apartments to 5-room units, under the Build-To-Order (BTO) system - where flats will be built only after most of the units in a specific site have been booked. This brings the total number of flats...
A PILOT project could see more privately-built and run markets and food centres in the heartlands, with Sengkang residents being the first to benefit. The latter can look forward to a new market and food centre come 2010. The Housing and Development Board (HDB) has launched a tender for a market and food centre development at Sengkang Square/Sengkang East Road. :This will be a standalone,...
Loan givers have checks done on buyer’s profile In “Risk profiling for homebuyers?”(Dec 17), Mr Ee Teck Siew suggested that the Government and industry associations consider implementing a “fact finding process” to ensure that potential home buyers buy properties they can afford, based on their abilities to service mortgage loans. Most homebuyers would need to obtain a bank loan upfront. The...
Close to 500 applications have been received for the public flats to be built at Dew Spring@Yishun. The Housing and Development Board (HDB) launched the 864-unit project on Thursday. Four-room flats were the most popular among home buyers. There were 393 applications for 504 units, while three-room flats had 81 applications so far. One home buyer said: "The design of the flat is very much like that of...