Many singles have been waiting for months, some for years, but when it was finally announced that those among them aged 35 and above will soon be able to buy new flats directly from the Housing and Development Board (HDB), the details came as a big letdown. The singles have been eagerly awaiting the green light to buy three-room Build-To-Order (BTO) flats, if not larger ones. After all, the new three-room...
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National Development Minister Khaw Boon Wan said his ministry plans to see how it can come up with a new housing option which can be a lot cheaper than today's prices for Build-To-Order (BTO) flats. He said if such a low-cost housing option is offered, there must be restrictions to differentiate it from the existing BTO flats. Some restrictions proposed by a few MPs include a longer minimum occupation...
National Development Minister Khaw Boon Wan has rebutted claims that the new scheme, which allows singles to buy new flats directly from the government, appeals to only a small group of people. Mr Khaw had announced last week that singles aged 35 and above who earn up to S$5,000 a month will be allowed to apply for two-room Build-to-Order (BTO) flats. He was responding to a clarification raised by MP for...
The government will ramp up the supply of rental flats to 60,000 this year, a 20 per cent increase from the 50,000 last year. Announcing this in Parliament on Monday, Senior Parliamentary Secretary for National Development Maliki Osman said the government has always been committed to helping the weak and vulnerable victims of circumstances. Dr Maliki said one way the government has done this is through...
National Development Minister Khaw Boon Wan says the government is open to raising the income ceiling to allow more singles to buy new HDB flats. But this will depend on how manageable application rates are for the new scheme, which was announced on Friday during the Committee of Supply debate for the Ministry for National Development. Singaporeans aged 35 and above, who are singles and earn up to...
Potential home owners may not be in a rush to exercise their options in the housing schemes announced in Parliament. Although they welcomed the schemes, they said everything depends on their individual circumstances. When Yoko Lee divorced in 2010, he was barred from buying a flat until five years later. Mr Lee and his 12-year-old daughter had little choice but to find other housing options. They stayed...
Deputy Chair of the National Development Government Parliamentary Committee, Liang Eng Hwa said it's probably time for HDB to go back to the drawing board and examine the issue of affordability. Both he and at least one property analyst are waiting for more details of the new housing schemes announced in Parliament on Friday. More help for first time married couples and singles to meet their housing...
A scheme that gives priority allocation for new HDB flats to first-timer married couples with a citizen child below the age of 16, will be extended to pregnant mothers from May this year. The Parenthood Priority Scheme will also be extended to couples who are married but without children, sometime next year. National Development Minister Khaw Boon Wan, who announced the new housing measures in Parliament...
More five-room resale flats have been sold above the S$900,000-mark, especially in estates like Redhill, Queenstown, Toa Payoh and Marine Parade. A 10-year-old flat measuring 1,184 square feet at Block 23 Jalan Membina, near Tiong Bahru MRT station, was sold for S$945,000. This means that its price of S$800 per square foot is similar to suburban executive condominiums but half the price of private...
Housing undersupply could become a thing of the past as the government has pledged enough HDB flats for all Singaporeans, even as the population is projected to reach 6.5 to 6.9 million by 2030. In Parliament yesterday, National Development Minister Khaw Boon Wan stated that about 200,000 new units are currently being built and will likely be ready in four years. “We will continue to launch more BTO...