Resale prices of flats dipped 0.1 per cent in the first quarter of the year compared to the previous quarter, according to flash estimates from the Housing and Development Board (HDB) released on Friday (Apr 1). The decline comes after the Resale Price Index (RPI) for the fourth quarter rose 0.1 per cent from the previous quarter. The RPI for the first quarter of 2016 came in at 134.6, down...
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Observers have said there are still some outstanding issues with the Fresh Start Housing Scheme that they hope can be addressed in the upcoming Budget, which is set to be delivered at 3.30pm on Thursday (Mar 24). The scheme aims to help public rental tenants, especially those who previously owned flats and have young children, to own their own flat. The Housing and Development Board and National...
The Housing and Development Board (HDB) will be flexible in assisting households with a third HDB housing loan, but this will be on a case-by-case basis and typically for households that need urgent assistance but cannot secure mortgage financing from banks, said National Development Minister Lawrence Wong. In Parliament on Monday (Mar 14), Mr Wong qualified by saying that these households must have...
Rentals of both private apartments/condos and Housing & Development Board (HDB) flats fell in February 2016, SRX Property's latest flash estimates showed. However, HDB flat rents have been showing greater resilience compared to those of non-landed private homes, on a longer-term basis. Based on the flash estimates for last month, SRX Property's overall rental index for non-landed private homes has eased...
The resale prices of Housing and Development Board (HDB) flats inched up in February after a slight decline in January, SRX Property said on Thursday (Mar 3). On a month-on-month basis, HDB resale prices were up 0.2 per cent in February. In January, prices fell by 0.5 per cent after rising for six consecutive months. Prices of three- and four-room flats rose by 0.2 per cent and 0.8 per cent,...
New flats in Bidadari continue to be in demand among potential homebuyers, with five-room and multi-generation units being the most oversubscribed in the first Build-To-Order (BTO) sales exercise of 2016. As at 5pm on Tuesday (Mar 1), five-room and multi-generation flats in Bidadari's Alkaff Oasis were the most coveted, with 3,020 applicants vying for just 236 units - an application rate of 12.8 per...
The Housing and Development Board (HDB) approved 200,000 applications for an HDB Loan Eligibility letter between 2012 and 2015 and of these, one in five, or 40,000, appealed for a larger housing loan. Appellants generally asked for a larger loan so they could widen their flat choices, without specifying a loan quantum, Minister for National Development Lawrence Wong said in a written parliamentary...
Demand for Executive Condominiums (EC) has slowed sharply in the past two years, following the introduction of cooling measures by the Government. Demand for the hybrid housing type was red hot in 2012 to 2013, when 14 out of 16 new EC projects were at least 33 per cent sold within the first month of their launches. To cool the EC market, the Government implemented measures in late 2013, including a 30...
Shops sold by the Housing and Development Board on a 30-year-old lease will be returned to the lessor - the HDB - upon the expiry of the lease, National Development Minister Lawrence Wong reiterated in Parliament on Tuesday (Mar 1). Where possible, and if in line with future planning intentions, HDB can consider allowing these shopowners to rent the shops after the lease expires, he added. In...
In the last two years, the Housing and Development Board (HDB) has received more than 230 requests from those living in public rental flats for a change of tenant under the Joint Singles Scheme, Minister of State for National Development Koh Poh Koon said in Parliament on Monday (Feb 29). There are around 12,000 households under the scheme. In 2015, HDB received 2,184 rental applications – of...