The supply of new flats will be “reduced slightly”, the Housing and Development Board (HDB) said on Monday (Jul 2) in its flash estimate of resale prices for the second quarter. Resale prices for flats inched up 0.1 per cent in the March to June period compared to the previous quarter, with the Resale Price Index (RPI) coming in at 131.7. The index provides information on the general price...
Solar panels are set to be installed in blocks of public flats managed by the West Coast and Choa Chu Kang town councils, in a move to reduce Singapore's carbon emissions and, in turn, the effects of climate change. Work will begin in the current third quarter, said the Housing Board yesterday when it said the tender for the job had been won by a consortium made up of Sembcorp Solar Singapore and...
A five-room HDB at Holland Drive has been sold in June for S$1.1 million, setting a new record for the area. The 38th-floor resale unit at Block 18C Holland Drive has a floor area of 1,259 sq ft, which works out to about S$874 per sq ft (psf). Built under the Selected En Bloc Redevelopment scheme, the unit has a remaining lease of 93 years and has an unblocked view. It was transacted at 16 per...
Rentals in May inched up just 0.2 per cent for both private and HDB homes from the previous month, as volumes continued their decline, according to flash estimates released by real estate portal SRX Property on Wednesday. Year-on-year, rents from non-landed private rentals increased 0.8 per cent, and the May showing was 18.9 per cent lower compared to its peak in January 2013. Compared to April,...
When the lease of his three-room flat in Lorong 4 Toa Payoh runs out in 2066, first aid and swimming coach Low Mong Seng, 34, expects the Government to give him “something in compensation”. “Either another shelter over our heads, or a lower lump sum amount (compared to the value of the property) for us to get another flat to stay in,” said Mr Low, who inherited the unit from his mother who died...
About 2,000 flat-owners have been given the approval to sell their flats since an online portal was launched by the Housing and Development Board (HDB) in January this year. The HDB resale portal, a site which streamlines the buying and selling of public housing flats for resale, aims to cut the transaction time by half, from 16 weeks to eight weeks. Since it was launched, all flat sellers and buyers...
There may be no roll-back of the property cooling measures but the reception for an executive condominium that began selling over the weekend was red hot. All 531 units of Hundred Palms Residences at Yio Chu Kang Road were sold within seven hours of launch on July 22, fetching an average price of $836 per square foot (psf). Marketing agents ERA Realty Network and Huttons Asia attribute the success of...
Those hoping for a Housing Board flat in some of Singapore's most desirable estates may have their best bet yet in the HDB's latest Sale of Balance Flats (SBF) exercise yesterday. In addition to 4,802 Build-to-Order (BTO) flats, the HDB is offering 3,946 flats in 11 young towns and 14 mature estates. These are units that have remained unsold from previous launches. Two towns stand out for the...
Hundred Palms Residences stands out from the other ECs in Singapore by virtue of its excellent location. It is perhaps the most centrally-located EC in Singapore. Other ECs are typically located far from the Central Business District (CBD), in neighbourhoods like Choa Chu Kang, Sembawang and Woodlands. Within five minutes’ drive to Hougang, Buangkok and Kovan MRT stations, as well as Serangoon MRT...
Renewal plans for Woodlands, Toa Payoh and Pasir Ris have been finalised and are ready to be presented to residents to gather their feedback, announced the Housing and Development Board (HDB) on Sunday (Apr 2). The rejuvenation of the three towns was first announced in 2015, under the Remaking Our Heartland programme. In drawing up the plans, HDB said it had actively engaged residents and stakeholders...
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