Increased supply of flats in Yishun a response to demand, says HDB BUOYED by demand for its previous Build To Order flats (BTO), the Housing and Development Board (HDB) announced yesterday the launch of its latest BTO project - Dew Spring@Yishun. "The previous BTO launch in Yishun - Jade Spring Phase One and Two was five times subscribed, and therefore, we feel that there could be demand for flats in...
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The Housing and Development Board (HDB) has launched a new Build-To-Order (BTO) project at Yishun. It has the highest proportion of smaller flat types among BTO projects. This is in line with HDB's plan to supply more smaller flats. The latest Build-To-Order project is Dew Spring@Yishun. 43 per cent of its 864 units are 2- and 3-room flats, the largest proportion in a BTO project so far. Tan Poh Hong,...
Mah: HDB upgrading a priority as deferred projects reinstated SOME of the Government's $4.7 billion worth of deferred construction projects are to be brought forward again, in a move expected to help smaller local building contractors. And priority will be given to smaller projects, National Development Minister Mah Bow Tan said. "We are also looking to see whether the different ministries are able to...
Two public housing upgrading programmes will be brought forward with other government projects in efforts to increase spending and stimulate the Singapore economy. Singapore previously deferred S$4.7 billion worth of public sector projects due to high construction costs. The Ministry of National Development said now is a good time to do so with material costs looking to fall further. Residents in older...
FOR 25 years, it has been Singapore’s main wholesale distribution centre for vegetables, fruits and dried food products. In recent years, it also made the headlines as a chikungunya fever cluster, the crime scene of the murder of Huang Na in 2004 and a quarantine area during the Sars outbreak in 2003. Now, the days of the Pasir Panjang Wholesale Centre (PPWC) may be numbered. The Housing and...
Mainboard-listed United Engineers has sold more than 70 per cent of its first public housing project, Park Central @ AMK, which is being developed by its subsidiary Greatearth Developments. All four-bedroom and penthouse units are sold out. The developer received more than 2,300 applications or four times the number of units available for sale when submissions closed in August. The 578-unit estate is...
Going by past recessions, it could take nine more months before prices fall FOR first-time flat seekers like Mr Neo Tze Siang, the economic downturn was meant to provide some respite from HDB prices pushed skyhigh by the property boom last year. But despite the raft of job cuts and the gloomy economic forecasts trotted out, HDB prices are showing few signs of sliding. “We hear about private property...
The construction and upgrading of HDB flats will be a major project in the months ahead. The National Development Ministry said these are ongoing projects which will not be affected by the economy. Construction costs may have gone up but so has the demand for public housing. National Development Minister Mah Bow Tan said: “The mix of the new flats that we're building will change from the bigger flats...
The Housing and Development Board (HDB) will continue to keep tabs on flat owners who default on their HDB mortgage payments. It stressed that long term measures to help these owners manage their mortgage payment is the best solution, and that compulsory acquisition of the flat is a last resort. As of October 2008, some 33,000 flat owners owed HDB arrears of three months or more. They make up less than 8...
The Housing and Development Board (HDB) has launched Punggol Arcadia, a 750-unit project under its Build-To-Order (BTO) system, at the junction of Punggol Place and Punggol Field. Prices for the 120 three-room units range from $181,000 to $211,000 each. The 465 four-room units will cost anywhere from $268,000 to $327,000 each; while the 165 five-room units come with a $356,000 to $416,000 price tag. By...