The government will begin to taper off massive construction of public housing from 2014 as supply and demand for public housing return to balance. In a blog post published on Monday evening, National Development Minister Khaw Boon Wan said the last three years of sustained ramp-up have helped to "restore the balance in our housing market". However, Mr Khaw said the tapering will be done in a...
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The Housing and Development Board (HDB) launched 8,952 flats on Tuesday for sale in a mix of mature and non-mature estates. In a statement issued on Tuesday, HDB said its joint Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise for this month is its largest so far. Among the BTO flats launched for sale on Tuesday are 112 three-generation (3Gen) BTO flats at Boon Lay View. Also included...
While the concentration of executive condominiums (ECs) in the north-east region of Punggol and Sengkang has not hurt current demand, analysts warn that buyers may face challenges when they want to resell their units after meeting the minimum occupation period. Eight EC projects currently under construction in the region are expected to be completed within the next five years. This means that close to...
More executive condominium (EC) land sites are expected to be offered on the confirmed list as part of the Government Land Sales (GLS) Programme. Analysts said EC units make up some 2,800 of the 6,000 residential units on the confirmed list for the second half of 2013. And this proportion is expected to rise to meet firm demand in the EC market. The EC market has seen healthy demand in recent...
National Development Minister Khaw Boon Wan said one third of applicants for the category of five-room and three-generation (3Gen) flats in Yishun in the recent Build-To-Order (BTO) exercise were from multi-generation families. 378 applicants were from multi-generation families, out of a total of 1,152 applicants for flats in the category. In the past year, only 3 per cent of five-room flat...
The Housing Development Board (HDB) received 27 cases of hoarding in flats over the past 12 months. Housing Minister Khaw Boon Wan revealed this in a written response to Member of Parliament Lim Biow Chuan, who asked if the government will take action to prevent fire hazards caused by excessive hoarding. Mr Khaw said that when HDB receives notices of hoarding, inspection officers will visit flats to...
Overall cash premiums for resale Housing and Development Board (HDB) flats continued to drop while demand for resale non-landed private homes remained weak in October, according to flash estimates from the Singapore Real Estate Exchange (SRX) released today (Nov 8). Overall HDB cash-over-valuations (COVs) dropped another S$3,000 last month to reach a median of S$12,000, the lowest since July 2009 when...
The impact of property cooling measures continued to be felt in the Housing and Development Board resale market last month, with cash-over-valuation (COV) premiums maintaining their downward spiral to a more-than-four-year low, raising the prospect that they will fall below S$10,000 by the end of the year. Overall median COVs dropped by another S$3,000 from September to S$12,000 last month, the lowest...
About one-third of the units at the newly launched Waterwoods executive condominium (EC) project in Punggol have been sold over the weekend. The project comprises a total of 373 units. Among the units sold were five-bedroom units and maisonettes with private lift lobbies. Developer Sing Holdings said more than half of the 48 units with private lift lobbies have been snapped up. Waterwoods is...
Prices of resale HDB flats fell more than expected in the last three months, according to third quarter statistics released today (Oct 25) by the Housing and Development Board (HDB). The Resale Price Index (RPI) fell by 0.9 per cent in Q3 in the first decline to be registered since the first quarter of 2009. The flash estimate released by the HDB earlier this month, which took into account the resale...