An executive condominium (EC) site in Woodlands has attracted seven bids from developers, according to the Housing & Development Board (HDB). The 99-year leasehold site at Woodlands Avenue 5/Woodlands Avenue 6 fetched a top bid of S$216 million from Qingjian Realty (South Pacific) Group. That's about 9 percent above the second highest bid of S$198 million tabled by Bellevue Properties, a wholly-owned...
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The Resale Price Index (RPI) for Housing & Development Board (HDB) flats rose 1.3 per cent from 202.9 in the fourth quarter of 2012 to 205.5 in the first quarter of 2013. According to data released by HDB on Friday, resale transactions fell 23 per cent from 5,631 cases in the fourth quarter of 2012 to 4,335 cases in Q1 2013. In the rental market, subletting transactions rose 15 per cent from 6,443...
E-applications for the executive condominium (EC) project Twin Fountains in Woodlands have closed. Close to 1,000 e-applications were received. This translates to a subscription rate of approximately 2.3 times, based on the 418 residential units up for sale. About 3 in 10 of e-applications received were from first-time home buyers. The rest were second-time buyers. CEO of Frasers Centrepoint...
The first executive condominium (EC) project for the year was launched in Woodlands on Wednesday. As of 5pm, the developer of Twin Fountains said it has received 155 online applications for the 418 units on offer. Applications will close on 21 April. The project is being jointly developed by Frasers Centrepoint and Lum Chang. It wasn't the packed sales gallery that some might have expected,...
Four- and five-room flats in Punggol look to be the most heavily subscribed among first-time home buyers in this month's Build-To-Order exercise which closes at midnight. A total of 3,898 flats were launched in this month's Build-To-Order exercise. They are all in non-mature estates of Sengkang, Punggol and Bukit Batok. Analysts say this may be one reason why there has been a small dip in the overall...
Some real estate agencies say more singles have returned to the HDB resale market after getting more clarity about the government's plan to allow singles to buy new flats directly from the Housing and Development Board. Propnex and Dennis Wee Group have seen 20 percent more enquires and viewings from singles in recent weeks. Lately, some property agents have been getting more calls from singles, who have...
Many have said the 30 per cent cut in new Housing and Development Board (HDB) flat prices that National Development Minister Khaw Boon Wan pledged recently will be tough to achieve without serious repercussions on the housing market. This is because it is very difficult to reconcile the divergent interests of existing owners with those of new buyers. Existing owners want the highest values, while new...
Housing must be affordable, but the Housing & Development Board (HDB) must also remain financially viable, said former HDB chief executive officer Liu Thai Ker. He was speaking about Singapore's housing policies at a lecture organised by the Ministry of National Development (MND) on Thursday. Dr Liu, who is also the chairman of the Centre for Liveable Cities, said that Singapore must remain prudent,...
The Housing and Development Board (HDB) has launched four Build-To-Order (BTO) projects, offering 3,898 new flats. They are in three non-mature towns - Bukit Batok, Punggol and Sengkang. HDB said on Thursday that a wide variety of flats are being offered. On the whole, it will launch a total of 25,000 BTO flats in 2013. In the latest launch on Thursday, first-time buyers will continue to get priority...
Analysts have said that it's timely to rebuild multi-generational flats, in view of Singapore's changing demographics. Their comments follow National Development Minister Khaw Boon Wan's announcement that such flats may be built in Yishun, to test demand. The units at block 633, Yishun Street 61 built in 1987 are some of HDB's multi-generational flats rolled out in 1986. These flats, typically consist...