National Development Minister Mah Bow Tan has said that the Housing and Development Board (HDB) has no intention to raise the administrative fee for the application of new flats. Speaking on the sidelines of the Draft Master Plan Exhibition on Friday, Mr Mah said the fees will remain at the current S$10, so as not to deter genuine flat buyers. He also justified the need to revise the application rules...
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More than 770,000 HDB households will be receiving S$63 million worth of rebates for their Service and Conservancy Charges (S&CC) and rents in fiscal year 2008. The Finance Ministry said all eligible households will receive S&CC rebates. Three and four-room households will receive two months worth of S&CC rebates. And among low-income rental households, eligible one-room households will get...
The Housing & Development Board (HDB) has revised the application process for its Build-to-Order (BTO) and Balloting Exercise (BE) modes of sale to address recent increases in non-selection of new HDB flats. The changes will take effect from the May 2008 BTO exercise. Under the revision, first-timer applicants who reject two chances to select a flat will have their first-timer priorities removed for a...
The government will spend about S$30 million to develop key features of the new Punggol Waterfront Town. Most of that amount - S$25 million - will go towards the man-made Punggol Waterway, which will be constructed next year. The waterway will be the focal point of activities, according to plans by the Housing and Development Board (HDB). Professional planners have been invited to submit designs and...
Punggol residents can expect a new shopping mall as large as Junction 8, in their town centre, when the Housing and Development Board (HDB) launches the first sale site at Punggol in the next two to three years. The site will be used for a mixed commercial and private residential development. Earmarked as Singapore’s waterfront town, much of the activities in Punggol will centre around a new...
Bogus contractors are apparently making their rounds at Woodlands Drive. Residents said contractors claiming to be from the town council and the Housing and Development Board (HDB) have been knocking on their doors. The contractors showed some form of identification document to justify their claims before recommending that residents change their door locks. They cited a rise in theft cases in the...
The Housing and Development Board (HDB) will launch on Wednesday a land parcel at Sengkang East Avenue for executive condominium development under the Reserve List System. HDB said the 17,000 square metre plot will have a permissible gross floor area of over 51,000 square metres. Property consultants estimate that the 99-year lease site could fetch about 450 to 500 units, with a land price of S$110 to...
Prices of HDB resale flats rose by 3.7 percent in the first three months of this year over the previous quarter. The rise in the Resale Price Index (RPI) was lower than the 5.7 percent increase in the fourth quarter of last year. Resale transactions fell by about 6 percent, from 6,750 cases in Q4 2007 to about 6,360 in Q1 2008. The median Cash-Over-Valuation (COV) amount among all resale transactions in...
THE Housing and Development Board (HDB) received 5,700 applications for 490 flats in its final bi-monthly sale of four-room and larger units that closed on Wednesday. Bi-monthly sale exercises attract more applicants and a higher take-up rate, as the flats on offer are either completed or nearing completion, said the HDB. But with the progressive clearance exercises of unsold flats, fewer units are left...
The Housing and Development Board's (HDB) April sale of four-room and bigger flats closed on Wednesday, with 5,700 applications for the 490 flats offered. These flats are located in various towns such as Bukit Batok, Bukit Panjang, Choa Chu Kang, Jurong East, Jurong West, Sembawang, Woodlands and Yishun. HDB said the take-up rates for its Bi-monthly Sales Exercise are high because the flats offered are...