Singles looking to buy a Build-to-Order (BTO) flat will now have more chances to do so as the Housing and Development Board (HDB) has decided to allow this group to buy any excess two-room flats in non-mature estates after catering to the demand from first- and second-timer families. HDB rules stipulate that 30 per cent of two-room flats will be set aside for singles, but the demand for such units from...
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More Housing and Development Board (HDB) flats were being built in the last financial year compared to the previous year. This is according to HDB's annual report released on Wednesday. A total of 72,737 flats were being constructed in the last financial year (FY2012/ 2013), up from 56,938 units in the year before (FY2011/2012) -- a close to 30 per cent jump. HDB's net deficit before taking into...
Commercial and industrial tenants in Housing and Development Board (HDB) properties will no longer be allowed to assign their premises to another party. The HDB announced this on Monday, in a move to weed out unhealthy speculation and rising assignment fees. Assignment fee is the amount agreed upon between the proposed tenant and existing tenant for the transfer of the property. The HDB has about...
The Housing and Development Board (HDB) will build four new neighbourhood centres in Punggol, Hougang and Sembawang in five years to boost the supply of HDB shops. It is also banning the assigning of its commercial and industrial tenancies to curb unhealthy speculation. In a statement on Monday morning, HDB said it is building the neighbourhood centres and boosting the supply of shops to keep in step...
There has been strong response for the last executive condominium (EC) project for the year. SkyPark Residences, which was just launched on Saturday, has already received 500 online applications for the 506 units it has on offer. Located in Sembawang, it is the last EC to be launched until the third quarter of next year. Under restrictions introduced in January, developers have to wait 15 months...
Nearly 2,500 executive condominium (EC) units have been sold as at August this year, according to estimates by property agent OrangeTee. The numbers make up almost 80 per cent of new units from five EC projects launched as at August this year. SkyPark Residences at Sembawang will be the seventh and last EC development to be launched this year. Analysts expect SkyPark Residences to be sold between...
The number of resale flats that have been sold without a cash premium (cash-over-valuation or COV) in July and August has exceeded the numbers seen in the first and second quarters of 2013. According to the Singapore Real Estate Exchange (SRX), there were 111 zero COV transactions in the third quarter, excluding September -- that is almost triple the number seen in the first quarter of this year (38...
The Housing and Development Board's 84 units of 3Gen flats have attracted some 300 applications. National Development Minister Khaw Boon Wan revealed this in a blog post on Wednesday evening, saying it is a good start to the new scheme. His comment comes ahead of the closing of the September Build-To-Order (BTO) exercise at midnight. He added that the authorities have deliberately bundled 3Gen...
HDB resale flat prices have fallen for the first time since 2009. This is according to the latest flash estimates released by the Housing and Development Board (HDB) on Tuesday. According to the HDB Resale Price Index, prices fell by 0.7 per cent in the third quarter of this year. The last time resale flat prices dipped was in the first quarter of 2009, when prices dropped by 0.8 per...
The latest Housing and Development Board sales exercise will close at midnight on Wednesday, and singles have shown keen interest. There are about 60 two-room Build-To-Order flats set aside for singles in Punggol. As of 5pm on Tuesday, there are 23.8 singles applying for each available unit. For balance flats, as of 5pm on Tuesday, the most heavily subscribed units are in Hougang, where there are...