Some 17,000 Build-To-Order (BTO) flats will be launched next year, about 1,000 fewer than the number put up for sale this year, as the Government tapers the supply of public housing units. Announcing the supply for next year, National Development Minister Lawrence Wong also said that young couples can look forward to shorter wait times for BTO units, possibly by 2018. "Over the past year, I’ve...
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The Housing & Development Board (HDB) will launch about 17,000 new flats for sale to Singaporeans in 2017, about 5 per cent fewer than the 17,900 build-to-order (BTO) flats launched in 2016. National Development Minister Lawrence Wong said in his blog post on Wednesday: "We are gradually tapering supply but still ensuring a healthy pipeline to meet demand. Once again, we will offer a good spread across...
SINGAPORE'S Housing & Development Board (HDB) will launch about 17,000 new flats for sale to Singaporeans in 2017, about 5.6 per cent fewer than the 18,000 build-to-order (BTO) flats launched in 2016. National Development Minister Lawrence Wong said in his blog post on Wednesday: "We are gradually tapering supply but still ensuring a healthy pipeline to meet demand. Once again, we will offer a good...
The Housing & Development Board (HDB) announced on Saturday (Dec 10) it has given out about S$83 million in Proximity Housing Grants (PHG) since the scheme was announced over a year ago, helping more than 4,300 families. HDB said the response to the scheme "has been very encouraging" as it gives Singaporeans more options to buy a resale flat with or near their parents or married children, in their...
The minimum occupation period of the Fresh Start Housing Scheme can be “flexible” depending on the progress of the household, said Minister of State for Defence and Foreign Affairs Maliki Osman on Saturday (Dec 3). Fresh Start Housing, which opened for application on Thursday, is a scheme to help public rental families who once owned a Housing and Development Board flat to afford one again. Of...
HDB resale prices rose a slight 0.2 per cent in November compared to October this year, driven by a 0.8 per cent price increase in mature estates, versus a 0.3 per cent dip in non-mature estates. But resale volume fell in November. According to HDB resale data compiled by SRX Property, some 1,585 flats were resold in November 2016, representing a 5.3 per cent drop from 1,673 transacted units in...
RESALE prices of Housing & Development Board (HDB) flats rose 0.2 per cent in November 2016 compared to a month ago, the SRX Property Price Index on Thursday showed. Prices for all HDB flats except executive units were up. From a year ago, prices have fallen 0.7 per cent. Prices are also down 11.3 per cent since the peak in April 2013. Resale volume fell 5.3 per cent in November 2016 from a month ago...
The Fresh Start Housing Scheme - which aims to help second-timer families in rental flats buy a home - on Thursday (Dec 1) opened for applications, the Ministry of National Development (MND) and the Housing Development Board (HDB) announced in a joint media release. Under the scheme, families who qualify will be able to by a new 2-room Flexi flat. The flats will come with shorter leases, ranging from...
Amid a slowing rental market, all HDB flat owners will pay lower or no property tax next year, according to figures released by the Inland Revenue Authority of Singapore (IRAS) on Monday (Nov 28). Flat owners will see tax savings of between 13.1 and 51 per cent for 2017, with three-room flats getting the biggest cuts. One- and two-room flat owners, as well as some three-room flat owners, will continue...
The Housing and Development Board (HDB) on Saturday (Nov 19) enhanced its Cool Ideas Fund to provide more financial support for inventors seeking to improve living environment for public housing. In the past, applicants had to match dollar for dollar the funding disbursed, up to S$10,000. This is no longer a requirement as they can just apply for a grant of up to $10,000 to turn their ideas into...