The HDB is launching an executive condominium housing site in Yishun. The land at Yishun Avenue 11 is being made available under the Reserve List System. This means developers interested in purchasing the land, must submit their application with the minimum price they are willing to bid for the land. The site has an area of 15,080 square metres and a gross plot ratio of 2.8. Upon acceptance of the...
hdb
The Housing and Development Board (HDB) came under the spotlight in Parliament on Tuesday with MP Ong Kian Min urging it to exercise compassion in cases of mortgage arrears. The MP for Tampines GRC said that while the lower income group in other countries could move to cheaper housing, Singaporeans do not have that option as HDB flats are already the cheapest form of housing. He recounted how nine families...
The Housing and Development Board is offering 494 four-room flats at Punggol Spring under the Build-To-Order (BTO) System – the first BTO launch for this year. HDB has received 278 applications so far. Interested applicants have until 17 March to apply for a unit there. Prices of units range between S$204,000 and S$259,000. HDB advises those unsuccessful in recent sales exercises to consider applying...
It is time to raise the income ceiling for first-time buyers of subsidised public housing, says MP for Holland-Bukit Timah GRC Christopher De Souza. This, he feels, will also help ensure a more equitable distribution of the Budget surplus. Speaking during the Budget debate, Mr De Souza pointed out that it has been 14 years since the HDB last increased the monthly income ceiling for buyers of new flats,...
National Development Minister Mah Bow Tan said the postponement of up to S$3 billion worth of public construction projects will not affect housing estate upgrading programmes. As for new flats offered in mature estates being many times oversubscribed, Mr Mah said the HDB is already ramping up its building programme. At a community event on Sunday, the minister also gave the assurance that his ministry...
There were just 278 flats offered but the Housing and Development Board received about 9,900 applications. This was the number recorded at the close of the application phase on Monday for the bi-monthly sale of four-room and bigger flats. HDB said it received such an overwhelming response because the flats offered are in established HDB towns which are popular. But the supply of new flats is tight as...
The Housing and Development Board (HDB) is reviewing the eligibility criteria for the Public Rental Scheme. National Development Minister Mah Bow Tan said this is to ensure that the heavily subsidised rental flats are targeted at those who are genuinely poor and without other housing options. More details on the review will be announced when ready. Mr Mah disclosed this in a written answer to a question...
A total of 590 blocks in 58 sites have been selected for the next batch of HDB upgrading programmes. The exact list has not been disclosed but HDB said these blocks would benefit from programmes such as the Home Improvement Programme (HIP), Neighbourhood Renewal Programme (NRP) and the Lift Upgrading Programme (LUP). HDB said the number of HIP projects has been increased from two to four due to strong...