Three-year wait likely, so couples in a hurry will have to resort to resale market AS MORE flats come on stream under the Housing and Development Board’s (HDB) build-to-order (BTO) scheme, the board says such units will be its main source of supply in future, and would-be home buyers would have to factor in a three-year wait. This is because construction work on a project under the scheme will only...
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The Housing and Development Board (HDB) said build-to-order (BTO) flats will constitute the main supply of new flats going forward. HDB also plans to build another 5,000 units under this scheme, between now and September 2008. The move comes as HDB’s stock of unsold flats is progressively being taken up. During the days of excess supply of HDB flats, there were over 25,000 ready-built flats waiting...
Property leasing firm EM Services has put in the top bid of S$180,810 for nine blocks of HDB flats at Commonwealth Drive for interim housing. Its bid was 30 percent more than the next highest offer of S$138,888 from Hean Nerng Holdings. The tender by the Housing and Development Board attracted a total of 13 bids. The lowest came in at S$37,800 from a consortium led by B19 Technologies. Under the tender...
HDB is studying refinements to weed out non-serious applicants I refer to the letters from Samuel Lee, “Oh, that elusive HDB flat” (March 28), and from Kalista Nisha, “Different families, different needs” (March 31). We would like to clarify that the $10 fee payable for HDB sales exercises is to cover part of the Housing and Development Board’s (HDB) administrative cost in processing the...
The Housing and Development Board (HDB) has launched the sale of a new site in Simei under its Design, Build and Sell Scheme (DBSS). Analysts said the plot of land near the Simei MRT station should attract medium-sized developers and construction companies to bid between S$49 million and S$76 million. With an area of over 16,000 square metres, an estimated 320 to 360 units can be built there. A higher...
Income ceiling for extended family scheme is too low My husband and I are buying a resale flat. We are first-time applicants and our combined monthly income is below $8,000, so we would qualify for the Housing and Development Board (HDB) concessionary loan. To encourage first-time applicants and young couples to stay with their parents, the HDB recently introduced the extended family scheme, with a new...
Prices of HDB resale flats rose 3.4 percent in the January to March period over the previous three months, according to flash estimates released by the HDB. The increase was lower than the 5.7 percent pace in the fourth quarter. The slower rise in resale flat prices comes as no surprise to industry watchers who attribute it to the cautious sentiment in the overall property market. They say buyers are not...
Private residential property prices in Singapore rose 4.2 percent in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority. The pace was slower than the 6.8 percent clip recorded in the fourth quarter of last year. On a quarter on quarter basis, the biggest rise in property prices for non-landed properties came from the central districts just...
Jade Spring, the second batch of Built-To-Order flats in Yishun, is over-subscribed by almost five times. Homebuyers, who are considering the housing project, have until Monday midnight to file their forms. The project offers 576 units of two-, three- and four-room flats. Launched on 18 March this year, the project received 241 applications on its first day. The overwhelming response prompted the...
Instead of ballots, cater to individual applicants I REFER to the letter “Oh, that elusive HDB flat” (March 28). I emphathise with Samuel Lee and his frustration about the balloting system. My family (myself, my husband and two children) is in urgent need of a flat. As such, I was advised by the Housing and Development Board (HDB) to join in the bi-monthly ballots where no priorities are given. I...