The Housing and Development Board (HDB) has doubled the grace period for long-time tenants affected by a rule that restricts them from transferring their business space. The three-year assignment grace window will be extended to six years for commercial and industrial tenants who have been HDB tenants for at least 15 years as of Oct 16 last year, Minister for National Development Khaw Boon Wan said...
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The number of Housing and Development Board (HDB) resale flats sold fell to an all-time low in the first quarter of this year, with 3,781 units transacted. This is the lowest figure recorded since HDB started releasing quarterly resale transaction volume data in 1997. Both public and private units have also registered price declines in the first quarter, with the private market seeing its largest...
Resale prices of Housing and Development Board (HDB) flats fell 1.6 per cent in the first three months of 2014 from the last quarter of 2013, while private home prices declined by 1.3 per cent, according to data released on Friday. The 1.6 per cent drop in the HDB resale price index was larger than the advance estimate of a 1.5 per cent decline made earlier this month. Singapore home prices have...
The government is considering allowing some couples to co-rent larger flats under the Parenthood Provisional Housing Scheme (PPHS), National Development Minister Khaw Boon Wan said. He said more than 900 of the 1,150 PPHS flats have been taken up, but there are still some larger flats available. He added the number of applications per month peaked at 409 last September but has since dropped to...
The Housing and Development Board (HDB) last month revised its resale flat policy to require buyers to sign the option to purchase before getting a valuation, effectively consigning the concept of cash-over-valuation (COV) to history. As expected, there has been some confusion since, as buyers and sellers look for new ways to find the “market price” of resale flats offered for sale. Some industry...
HDB resale prices rose slightly by 0.3 per cent in March compared to February, according to a flash report by the Singapore Real Estate Exchange (SRX). The increase is led by smaller flats -- 3-room flats rose 0.5 per cent and 4-room flats rose by 0.8 per cent. But prices of bigger flats -- both 5-room and executive flats -- continued to soften by 0.2 per cent and 0.7 per cent respectively. On a...
Singapore home prices fell in the first quarter of this year from the last three months of 2013. This is according to flash estimates released Tuesday by the Housing and Development Board (HDB), and the Urban Redevelopment Authority (URA). It is the third straight quarter of decline for HDB resale prices. The numbers show a 1.5-per cent decline from the last quarter of 2013. There was also a...
The demand for the second batch of Build-to-Order (BTO) flats launched this year has dropped, compared to the previous batch. But analysts Channel NewsAsia spoke to said the housing needs of some groups are still not being met. The exercise will close at midnight on Tuesday. There were 4.1 applicants vying for each unit in January's BTO exercise. But for the exercise this month, the number is at...
The Housing and Development Board (HDB) has launched a $500,000 fund to help transform ideas that seek to improve HDB living into reality. Budding inventors will be able to tap on the Cool Ideas Fund to develop prototypes for test-bedding in HDB flats. National Development Minister Khaw Boon Wan announced this at the second Cool Ideas for Better HDB Living exhibition on Saturday. The fund will be...
The Housing and Development Board (HDB) launched four Build-To-Order (BTO) projects on Wednesday, offering 3,497 new flats in the non-mature towns of Sembawang, Sengkang and Yishun. The new flats comprise 2-room to 5-room flats, and Three-Generation (3Gen) flats. In a statement on Wednesday, HDB said the new flats are meant to meet the diverse housing needs of first-time buyers, second-timers,...