Minister for National Development Khaw Boon Wan said Block 31 at Lorong 6 Toa Payoh is managed by HDB for needy Singaporeans and is not leased to foreigners. Blocks 32 and 33 along the same road, he said, are vacated Selective En-bloc Redevelopment Scheme (SERS) flats. And in 2009, HDB leased these two blocks to EM Services at market rates as an interim arrangement. Mr Khaw made the points in a written...
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National Development Minister Khaw Boon Wan announced on Monday the government's target to have 57,000 rental flats by 2015. Mr Khaw said this in a written response to Member of Parliament Dr Lee Bee Wah, who asked for an update in the measures taken to reduce the waiting time needed to apply for a flat under the Housing and Development Board's (HDB) Public Rental Scheme. The minister said that the...
Resale home prices of both non-landed private residential units and HDB flats continued to climb in October against the third quarter 2012. Data released by the Singapore Real Estate Exchange (SRX) showed that the unit resale price for non-landed private residential rose 4.1 percent in October to $1,209 per square foot. SRX compiles data from 11 top property agencies in Singapore. The report found that...
Two blocks of flats at Spooner Road that previously housed the Malayan Railway staff are now available for some interim use. Writing on his Facebook page, National Development Minister Khaw Boon Wan said the termination of the Malayan Rail at Woodlands had a surprising outcome for the Housing and Development Board (HDB). Mr Khaw described it as "a pleasant surprise". There are 318 units in the two blocks...
A subsidiary company of City Developments (CDL) is the top bidder for a site to develop an executive condominium (EC) at Sengkang West Way/Fernvale Link. The land parcel received a total of six bids at the close of tender on Thursday. Verspring Properties has put in the highest bid of S$135 million or S$296 per square foot per plot ratio (psf ppr). This is 0.1 per cent higher than the second highest...
Public housing flats built under the Design, Build and Sell Scheme (DBSS) appear to have fallen out of favour with home buyers in recent months. Analysts say there are about 1,000 units of unsold DBSS flats and sales could slow as a result of the large pipeline of new Build-To-Order flats (BTO) and executive condominiums (EC). But they say DBSS flats will enjoy healthy capital gains going forward. These...
Former Minister Mentor Lee Kuan Yew said public housing has to keep up with the rising aspirations of Singaporeans and that the facilities and design of older estates should also not fall behind newer ones. Mr Lee was speaking at a tree planting event at Havelock View on Sunday. Many residents of Havelock View turned up to welcome Mr Lee Kuan Yew who was there as part of the Tree Planting day...
In a report by Channel NewsAsia, it is understood that the owners of the record-setting Heron Bay penthouse are a young couple, who are also first-time property buyers. The unit was sold for S$1.77 million - a high price for an executive condominium in Singapore. Couples cannot exceed a monthly household income of S$12,000 if they want to buy an executive condominium unit. Analysts say the buyers of the...
Heron Bay, the deluxe Executive Condominium located at Upper Serangoon View, opened for sale over the weekend and some 90 per cent of the units have been snapped up. The project by Serangoon EC, a joint venture company between CNH Investment, Evia Real Estate Management, Ho Lee Group and See Hup Seng, received more than four times the number of e-applicants for its 394 units. Units in the project - which...
Singapore's private home prices in the third quarter rose 0.6 per cent from the previous quarter. This is the highest rate of increase this year compared to the 0.1-per cent drop in the first quarter and the 0.4-per cent increase in the second quarter. It was also higher than the flash estimate of 0.5 per cent released earlier this month. Meanwhile, resale prices of Housing & Development Board (HDB)...