The new subletting quota for foreigners is likely to hit estates such as Simei, Yishun and Bukit Merah earlier than other areas. This is because a larger non-citizen crowd is employed in offices and other places of work located in these estates, according to analysts. The Housing and Development Board (HDB) announced the quota on subletting of whole flats to non-citizen subtenants some two weeks...
hdb
A land site for an executive condominium (EC) development at Canberra Drive has attracted six bids at the close of tender on Tuesday. According to the Housing and Development Board (HDB), City Developments unit Verwood Holdings and its joint venture partner TID Residential has submitted the highest bid for S$226 million. That works out to about S$350 per square foot, per plot ratio (psf ppr). The...
Resale prices for HDB flats fell more than expected in last three months of 2013 when compared to flash estimates, figures released today (Jan 24) show. The Resale Price Index (RPI) fell by 1.5 per cent from 204.8 in the third quarter of last year to 201.7 in the fourth quarter. The RPI for the full year of 2013 registered a decline of 0.6 per cent, the first annual decline in eight years, since...
The Resale Price Index (RPI) for HDB flats for the full year of 2013 has dropped 0.6 per cent, the first annual decline since 2005. Data released by the Housing and Development Board (HDB) showed that the RPI fell 1.5 per cent from 204.8 in the third quarter of 2013 to 201.7 in the fourth quarter of 2013. The number of resale transactions for the full year of 2013 dropped 28 per cent to 18,100 -- the...
The Housing and Development Board (HDB) has launched six Build-To-Order (BTO) projects on Wednesday, the first exercise this year. A total of 3,139 new flats will be offered to meet the diverse needs of first-timers, second-timers, multi-generation families, the elderly and singles. This is the first tranche of the 24,300 BTO flats that HDB has planned for 2014. There will be studio apartments,...
Executive condominium (EC) developer MCC Land Singapore has rolled out a festive promotion in a bid to drive sales during the Lunar New Year period. The developer told Channel NewsAsia that it is offering a small price discount for EC units at Forestville at Woodlands and Sea Horizon in Pasir Ris. Forestville is developed by Hao Yuan Investment while Sea Horizon is jointly developed by Hao Yuan...
The Housing and Development Board (HDB) has introduced a quota on subletting of whole flats to non-citizen subtenants. It said the move is to prevent the formation of foreigner enclaves in estates and maintain the Singaporean character of the heartlands. HDB flat owners who lease out whole units to foreigners will be bound by the new rule, with immediate effect. The quota on subletting of whole...
The overall median cash premium or Cash-Over-Valuation (COV) for HDB resale flats fell to S$5,000 in December last year, from S$8,000 in November 2013. This is the lowest since June 2009 when COVs were at a low of S$3,000. It was a 37.5 per cent drop month-on-month, according to the latest flash report released by the Singapore Real Estate Exchange (SRX) on Thursday. In December, about one in five...
A land parcel at Westwood Avenue for executive condominium (EC) development has attracted 12 bids at the close of tender on Tuesday. The Housing and Development Board (HDB) said the top bid of S$198.9 million came jointly from Changi Properties and Heeton Homes. This translates to a land price of S$382 per square foot per plot ratio. The next highest bid of S$198 million is a joint tender from...
Prices of resale HDB flats fell 1.3 per cent — its sharpest drop since 2005 — in the fourth quarter of last year, according to flash estimates released by the Housing and Development Board (HDB) on Thursday. Last year’s fourth quarter Resale Price Index (RPI) is 202.1, according to HDB in an update released Thursday morning. It is the second consecutive drop for the index, which provides...