The Housing & Development Board's (HDB) flash estimate of the Resale Price Index (RPI) showed that resale prices rose moderately by 0.5 per cent in the second quarter of 2013 over the first quarter. The RPI for the second quarter 2013 is 206.5. In the first quarter 2013, the RPI was 205.5 HDB said this is the lowest quarter-on-quarter RPI growth since the first quarter of 2009. HDB will release...
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Prospective home buyers can apply for a unit at Ecopolitan, a new executive condominium (EC) project in Punggol from June 28. But don't expect to see any private roof terraces or super-sized units. The 512-unit development is the first project that's affected by new EC guidelines introduced by the government in January this year. China-based property developer Qingjian Realty is set to roll out...
National Development Minister Khaw Boon Wan said the government has taken steps to help low-income tenants of rental flats who see their pay rises eaten up by a rental increase. In his blog, Mr Khaw explained how the government has helped those affected by this so-called "cliff effect" when they cross the income tier. Rentals are based on household income. Those who earn less are subsidised more and...
The overall median cash-over-valuation (COV) for resale HDB flats last month was the lowest in 10 months, with analysts saying it could drop further. The overall median COV dropped by S$4,000 to reach S$26,000 in May, the lowest level since last July. Resale prices also showed signs of stabilising and were down 0.1 per cent, according to data from major property agencies compiled by the Singapore...
Balance flats are proving to be the most popular choice in the Housing and Development Board's (HDB) latest sales launch. As of 5pm Wednesday, HDB received close to 20,000 applications for 3,100 units offered under the Sales of Balance Flats (SBF) exercise. This works out to more than six applicants for each unit. With their central city location and expected high returns in the resale market, the...
As of 5pm Tuesday, the Housing and Development Board has received only 82 applications for the 230 two-room flat units from the Build-To-Order (BTO) projects announced in May. For example, at Spring Haven in Jurong West, there were 45 applications for 90 two-room units. Meanwhile, the three-room and four-room units were oversubscribed. The most popular out of the eight projects on offer are the...
Two-storey maisonettes look set to pop up in new executive condominium (EC) projects. In Sembawang, one such project at the junction of Sembawang Crescent and Sembawang Drive will have 28 maisonettes. The price for the units has yet to be fixed, but each maisonette will occupy 1,709 square feet. Another project in Punggol East is expected to have 10 maisonettes. Director of property firm Chris...
The Housing and Development Board (HDB) has launched 8,000 flats for sale under the joint Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. Three new housing measures to help first-timers, second-timers, divorcees, and the elderly will also take effect from this sales exercise. To help more first-timers buy a flat earlier, HDB will extend the Parenthood Priority Scheme (PPS) to married...
The HDB resale market may be showing signs of cooling -- according to the Singapore Real Estate Exchange (SRX), the overall median cash-over-valuation (COV) for HDB resale flats reached a peak of S$35,000 in January. But it has come down to about S$27,000 in May. This is the lowest since April 2012. Some analysts said this could be a sign that January's property cooling measures are biting. Nicholas...
Some executive condominium developers said they have seen an increase in sales since National Development Minister Khaw Boon Wan hinted at changes to the scheme in April. Developers of the Watercolours EC project in Pasir Ris have sold 21 units in the last two weeks alone -- it sold only 29 units in the whole of April. The project was launched in June 2012. As for One Canberra in Yishun, its sales...