The Housing and Development Board (HDB) has launched Punggol Arcadia, a 750-unit project under its Build-To-Order (BTO) system. The project is at the junction of Punggol Place and Punggol Field. Buyers can choose from 3-room, 4-room and 5-room units. The price of these flats range from S$181,000 for a 3-room unit to S$416,000 for a 5-room unit. 4-room units cost between S$268,000 and S$327,000. This is...
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The demand for and prices of public housing flats are expected to remain fairly resilient despite the economic downturn. And market watchers have said this applies to both resale and new units. Close to 9,000 people have visited the Natura Loft showflat since it was launched for sale on October 31. Its developer Qingjian Realty has already received 500 applications, mostly for four-room units...
VIPs including Minister Mentor Lee Kuan Yew had the chance to tour The Pinnacle@Duxton on Sunday, and they were impressed by what they saw. All seven blocks at The Pinnacle are linked by sky-bridges. On the top-most 50th storey is a sky garden with breathtaking views of the cityscape. HDB names it “The Contemplative Zone”. On the 26th storey, there is an 800-metre long jogging track as well as...
Minister reassures that public housing projects will proceed THERE is no need to fear that the economic slowdown will be felt in our public housing projects. Giving his reassurances last night in response to questions, National Development Minister Mah Bow Tan said: “There is no delay in our public housing programme, our building programme and in our upgrading programme. “We know there is demand...
AT first glance, you might not have thought an economic slowdown was in the wind, with 1,000 visitors thronging the sale launch of the Housing and Development Board's latest project at Bishan on Day One. Natura Loft, a Design, Build and Sell Scheme (DBSS) project, features three 40-storey blocks of 160 four-room flats and 320 five-room units. Describing the response as "enthusiastic", developer Qingjian...
Despite the economic slowdown, some 1,000 people checked out the showflat in Bishan under the Housing and Development Board's (HDB) Design, Build and Sell Scheme on Friday. Called Natura Loft, it is the fourth project under the scheme. A five-room unit costs up to S$739,000. It is priced at an average of S$525 per square foot, which makes it one of the most expensive units under the scheme so far. The...
THE Housing and Development Board's (HDB) lease buyback scheme appears to be the best option for the elderly who wish to "unlock" the value of their homes. The lease buyback scheme, which the HDB will implement next year, provides the highest monthly payouts compared with other plans that enable the elderly to monetise their flats for retirement income. Under the lease buyback model, HDB will buy back...
Singapore's Housing and Development Board (HDB) released data on Friday that showed prices of resale flats rising by 4.2 per cent in the third quarter, as compared to the previous quarter. This was in line with estimates released earlier this month. Sales volume also went up by about four per cent from 7,760 to 8,110 transactions. HDB said the median Cash-Over-Valuation (COV) amount for all resale...
Ruses are now rife; foreign nationals the main targets WHEN factory worker Zhang Wenfang and his five friends found a five-room Housing & Development Board (HDB) flat in Jurong West that they liked, they paid the property agent $9,300 - six months' rent. But, when they tried to move into the flat on July 1, they found it locked. "We had trouble contacting our agent; he didn't return our calls. I...
Stepping into a dream home has become a nightmare for a minority of Singaporeans. The Housing and Development Board (HDB) has said 0.7 per cent of its flats built in the last five years have defects such as dislodged floor tiles. One such example is a premium flat at Block 648, Punggol Central. The S$241,000 apartment came with ceramic floor tiles, as well as some furnishings and built-in cabinets. But...