Prices of resale flats rose a preliminary 4.2 per cent in the third quarter of this year. HDB said on Thursday that the figure is just slightly lower than the 4.5 per cent increase in the second quarter. For the year-to-date, prices of resale flats have risen almost 13 per cent. HDB said it has to date launched about 5,000 of the planned supply of 8,400 Build-To-Order (BTO) flats for 2008. Subject to...
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FOR those waiting to snap up a public flat in the iconic 50-storey integrated housing development, the good news: Some 428 four- and five-room units at The Pinnacle@Duxton are among 992 available under the Housing and Development Board’s (HDB) latest balloting exercise launched on Friday. The much-hyped flats in the Cantonment Road area are among some of the most expensive new units — with a...
FOR those waiting to snap up a public flat in the iconic 50-storey integrated housing development, the good news: Some 428 four- and five-room units at The Pinnacle@Duxton are among 992 available under the Housing and Development Board's (HDB) latest balloting exercise launched on Friday. The much-hyped flats in the Cantonment Road area are among some of the most expensive new units with a four-room...
The Housing and Development Board (HDB) of Singapore has launched the sale of 992 flats under its Balloting Exercise on Friday. They include surplus flats available from the Selective En Bloc Redevelopment Scheme (SERS) in Ang Mo Kio, Kallang, Whampoa, Queenstown and Jurong West, as well as remaining units at The Pinnacle@Duxton. HDB said on Friday the units offered are of different types and designs...
374 households of the newly-completed Tivela precinct in Sengkang Central are among the first to benefit from a more extensive warranty scheme. The Housing and Development Board's (HDB) ASSURE 3 was introduced for new flats launched for sale from 2005. It covers selected defects in the units for between five and 10 years from the completion date of the flats. Fixing defects such as spalling concrete,...
With the Housing and Development Board's (HDB) development costs up over the last year, young couples looking to buy a new flat may ask: Would I have to pay more? For Financial Year 2007-8, tender prices for its construction works grew about 22 per cent. In June, National Development Minister Mah Bow Tan had estimated they could jump another 20 per cent this year. Releasing the HDB annual report on...
CALL it a combination of financial need or greed, and exploding demand: As of last month, 21,000 flats had been rented out by Singaporeans, a near 60-per-cent spike from the 13,200 units just 17 months ago. Coming as it does three years after subletting rules were relaxed, Housing and Development Board chief executive Tay Kim Poh attributes this recent surge to changing market dynamics. "Rentals for...
Young adults are placing their parents on the waiting list because they don't want to live with them TWO current issues should raise some concern among Singaporeans. First, the tripling in the number of applications for HDB rental flats, as highlighted by Prime Minister Lee Hsien Loong at the National Day Rally, and second, news that more families are facing difficulty paying their electricity bills....
Singapore's Housing & Development Board (HDB) said it is offering 8,400 new flats this year, which is 40 per cent higher than the 6,000 units offered in 2007. Of these, 5,000 flats have already been launched, with a good part of them sited in Punggol, which is earmarked as a waterfront town. Plans are also in the pipeline to address the issue of rising construction costs and high demand for public...
More first-time owners are turning to the resale market to meet their housing needs, said the Senior Minister of State for National Development Grace Fu. Replying to a question from MP for Sembawang GRC Lee Wee Kiak in Parliament on Monday, Ms Fu said that in the second quarter of this year, there were 1,470 cases of first-timer flat buyers buying resale flats using the CPF Housing Grant. This is a 75...