Demand from singles for the Housing and Development Board's two-room flats continues to climb ahead of the close of the latest sales launch at midnight on Wednesday. There are about 60 two-room Build-To-Order flats set aside for singles in Punggol. As of 5pm Monday, there were about 21 singles applying for each available unit. There are also 1,137 balance two-room flats from previous BTO exercises...
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The Housing and Development Board (HDB) has said the Tampines Eco Green park at Tampines North will remain untouched for now. This is despite it being zoned as a residential area under the Urban Redevelopment Authority's 2008 Masterplan. Bound by Tampines Avenue 12 and Tampines North with an area of 36.5 hectares, the Eco Green park takes up 15 per cent of the land at Tampines North. Responding to...
Two-room flats launched at the Housing and Development Board's (HDB) sales exercise on Thursday are drawing a strong response from singles. This is the second time that singles are able to apply for flats directly from the HDB. There are about 60 out of 192 two-room Build-to-Order (BTO) units set aside for singles in Punggol. And as of 5pm, there were 12.2 singles applying for each unit...
Data published by the Singapore Real Estate Exchange (SRX) early this month showed Cash-Over-Valuation (COV) premiums for Housing and Development Board (HDB) resale flats extending their downward trend to hit a four-year low, shining like a beacon of hope to long-suffering buyers. Sentiment towards COVs, often deemed to be an unfair negotiation tactic employed by property sellers for a quick profit,...
Prices for the Housing and Development Board's (HDB) new 3Gen flats in Yishun will start from S$335,000, excluding grants. Several potential home buyers and analysts Channel NewsAsia spoke with say they think this price is reasonable. The prices were announced at the HDB's latest sales launch on Thursday where 5,293 flats are on offer. It is the first time the HDB is offering 3Gen flats at its...
National Development Minister Khaw Boon Wan said the authorities are working to address the huge demand of two-room Build-to-Order (BTO) flats. In a blog post on Monday, Mr Khaw said the Housing and Development Board (HDB) will put up for sale all its balance two-room flats in non-mature estates from previous BTO exercises later this month. The release will add 1,100 flats to the September BTO launch...
An upcoming executive condominium (EC) project Waterwoods in Punggol will offer private lift lobbies for larger units - a feature more commonly associated with upscale apartments. Its developer Sing Holdings said the project will also be the first to include maisonettes in the EC segment. Waterwoods is Sing Holdings' first foray into the executive condominium market and the builder of mid to high-end...
The cash premium, or Cash-Over-Valuation (COV), for Housing and Development Board (HDB) resale flats has reached a four-year low. According to the Singapore Real Estate Exchange (SRX) monthly flash report, overall COV dropped to S$18,000 in August, the lowest level since July 2009. For the first time since 2006, SRX said HDB resale flat prices have fallen for the fourth straight month. Overall HDB...
Minister for National Development Khaw Boon Wan said the Housing and Development Board (HDB) is on track to deliver 13,600 new flats to Singaporeans this year. In a blogpost, Mr Khaw said he witnessed the handover of keys from the main contractor to HDB at Floral Spring @ Yishun on Friday. The project marks the completion of 9,000 HDB flats this year. This is 50 per cent more than in June, when 6,000...
Details of new Housing and Development Board (HDB) schemes to help lower- and lower-middle-income Singaporean families own their homes were unveiled on Aug 27, following the broad measures announced at the National Day Rally. The schemes include additional grants for first-time buyers for up to four-room flats and a step-up grant for those upgrading from two-room to three-room flats. It is heartening to...