Homeowners can look forward to more protection against errant contractors who fail to honour contractual agreements and unsatisfactory services. This is after the Consumers Association of Singapore (CASE) and the Singapore Renovation Contractors and Material Suppliers Association (RCMA) announced they would jointly develop a voluntary CaseTrust-RCMA accreditation scheme for the renovation...
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Prices of HDB resale flats have continued to fall for the sixth straight month, dipping 0.9 per cent in July compared to June. That is also a 29-month low since February 2012. This is according to the Singapore Real Estate Exchange (SRX), which released its monthly flash report on Thursday (Aug 7). As for resale volume, SRX data showed there was a slight month-on-month increase, with about 1,341 HDB...
The resale prices of Housing and Development Board (HDB) flats continue its downward spiral in July, slipping 0.9 per cent from June to mark a 29-month low since Febuary 2012, the Singapore Real Estate Exchange (SRX) said on Thursday (Aug 7). Prices for 3-, 4-, and 5-room flats declined by 1 per cent, 1.8 per cent and 0.4 per cent, respectively, last month, but executive flats saw a slight 0.1 per cent...
While the cooling measures and loan restrictions have dampened sentiment in various segments of Singapore’s property market, leasing demand for public housing has held up relatively well, with an increase in transactions in the first two quarters this year helping to keep rental rates fairly steady. This trend continues even as data by the Housing and Development Board (HDB) and Urban Redevelopment...
Prices have continued to fall in the private home and HDB resale markets in the second quarter of this year. But more units were sold in both markets, according to the Housing Development Board (HDB) and the Urban Redevelopment Authority (URA). This is the fourth consecutive quarter that HDB resale prices have fallen. Despite that, more transactions were made with about 4,389 resale flats sold. This is...
While the number of transactions for HDB flats rose by 16 per cent in the second quarter of the year from the previous three months, resale prices for public housing fell by 1.4 per cent over the same period, the Housing and Development Board said on Friday (July 25). The Resale Price Index slipped to 195.7 in the second quarter, down from 198.5 in the January-March period, but resale transactions...
Sellers of Housing and Development Board (HDB) flats will be able to negotiate with their buyers for a temporary extension of stay in their flats, allowing them to stay in their former homes for up to three months, the HDB said on Tuesday (July 22). The new rule, which takes immediate effect, will facilitate sellers who are transiting to their next homes, including those who may need more time for...
A residential site at Sembawang Avenue has received only four bids. A consortium comprising FCL Tampines Court and KH Capital submitted the highest bid of about S$214 million for the 22,189.7 square metre site. That translates to a unit price of about S$320 per square feet per plot ratio (psf ppr). The second highest bid for the site came from a consortium that includes Verwood Holdings and TID...
The resale prices for Housing and Development Board (HDB) flats fell to a two-year low after it slipped 0.6 per cent month-on-month in June - the fifth consecutive months of declines, according to the Singapore Real Estate Exchange. According to the SRX HDB flash report released on Thursday (July 10), the price drop affected 3-, 4- and 5-room flats, which saw a price decline of 0.6, 0.8 and 0.3 per...
Another 12,700 flats will be launched in the next six months, according to a parliamentary written response by National Development Minister Khaw Boon Wan on Tuesday (July 8). Of the 22,400 Build-to-Order (BTO) flats targeted for this year, 9,700 flats have been launched. The Housing and Development Board will conduct a second Sale of Balance Flats Exercise later this year to augment the BTO...