The first executive condominium (EC) project to be launched since the Government raised the qualifying income ceiling from S$12,000 to S$14,000, opened for bookings on Saturday (Sep 26). Called Signature at Yishun, the project's developer said about 20 per cent of its units have been sold as of 5pm. "There are buyers whose income is more than S$12,000. The percentage I would estimate is 20 per cent...
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A "bumper crop" of 12,000 Housing and Development Board flats will be made available in November, National Development Minister Khaw Boon Wan announced on Wednesday (Sep 23). The September launch of Build-to-Order flats was delayed to incorporate three new policies announced by Prime Minister Lee Hsien Loong at the National Day Rally in August: A new 2-Room Flexi Scheme, an increase in the income...
A record 14 projects were recognised at this year's HDB Design Awards, with the top honours going to SkyTerrace@Dawson for its park-like environment and multi-generational loft units paired with studio apartments. Completed in early 2015, the Design Award-winning SkyTerrace@Dawson comprises five 40- to 43-storey high residential blocks linked to a four-storey carpark podium. The blocks are located next...
A total of 2,150 new flats in Bidadari estate will soon be launched for sale under the HDB’s next Build-to-Order (BTO) exercise, expected by the end of September. The BTO flats will comprise two- to five-room units. This will be the first batch of HDB flats on offer in the new estate and priority will be given to those whose parents live in Toa Payoh, Potong Pasir or within the 2km radius. The...
A Build-To-Order (BTO) project in Hougang has become the first public housing project to receive the highest Building and Construction Authority (BCA) accolade for construction quality, said the Housing and Development Board (HDB) on Sunday (Sep 20). Hougang Capeview, which comprises 781 residential units in six blocks at Upper Serangoon Road, received a Construction Quality Assessment System (CONQUAS)...
The Housing and Development Board (HDB) on Friday (Sep 18) reported a deficit of S$2.02 billion for the financial year ended in March 2015. This is 2 per cent more than in the previous year, where a deficit of S$1.97 billion was incurred. The bulk of the FY2014/2015 deficit comes from HDB's home ownership segment, which covers the development and sale of flats. This came in at S$1.75 billion, down from...
Much has been done in the area of housing, but it remains a “work-in-progress” in the face of changing demographics, said National Development Minister Khaw Boon Wan, who on Monday night (Sep 7) reminded voters that this General Election (GE) is like buying a new house — too important to leave to chance. Speaking at a People’s Action Party (PAP) rally for Sembawang Group Representation...
The resale volume of Housing and Development Board (HDB) flats slipped again in August after registering a decline in July, SRX Property said on Thursday (Sep 3). A total of 1,447 HDB resale flats were sold last month, down 6.8 per cent from the 1,552 transacted units in July. However, compared to a year ago, resale volume was up 9 per cent, according to SRX Property's flash estimates. Resale prices...
The increases in income ceilings for households buying new Housing and Development Board (HDB) flats and Executive Condominiums (ECs), and the Proximity Housing Grant will drive more buyers to the public-housing market and hit the private residential sector, said analysts on Sunday (Aug 23). In his National Day Rally speech, Prime Minister Lee Hsien Loong announced the raising of the income ceilings for...
More Singaporeans will be able to apply for new Housing and Development Board (HDB) flats and Executive Condominiums (ECs) now that the income ceiling for buyers has been raised to S$12,000 for new HDB flats, and S$14,000 for ECs. While the HDB is expected to be cope with the new demand, industry-watchers said that with close to 3,000 ECs in the market still unsold, this is an opportunity for private...