Measures such as shorter leases and longer minimum occupancy periods (MOP) might help to mitigate the “lottery effect” of public housing at the Greater Southern Waterfront (GSW), experts said. This follows the announcement by Prime Minister Lee Hsien Loong on Sunday that there are plans to build 9,000 private and public housing units on the site of the current Keppel Club when its lease expires in...
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Property experts and prospective homebuyers are already upbeat about plans unveiled by Prime Minister Lee Hsien Loong during Sunday's National Day Rally, involving housing development along Singapore’s southern coastline. However, experts agreed that public housing at the mega waterfront development project is set to be at the upper end of Housing and Development Board (HDB) pricing — similar to...
The Housing and Development Board's (HDB) August sales exercise will be pushed to September, said Minister for National Development Lawrence Wong, in a Facebook Post on Tuesday (Aug 20). "To allow more home seekers to benefit from the upcoming changes, HDB will push back its Sales Exercise from Aug to Sep." Advertisement The move is to allow more home buyers to benefit from "upcoming changes", Mr...
THE prospect of having public housing on the plum Keppel Club site after its lease expires in two years has excited property market watchers. They have, however, offered ideas on how to find an equitable solution to the "lottery effect", given that public-housing owners stand to make windfalls from selling these units after having been lucky enough to land them through a ballot. Prime Minister Lee...
Despite a Boon Keng five-roomer selling for a record sum, HDB resale prices remained relatively stable last month, new figures show. The 39th-floor unit at City View @ Boon Keng went for S$1,205,000 - S$5,000 more than the previous record for a HDB resale set by a five-room flat in Boon Tiong Road, Tiong Bahru, in April. It was the second time this year that a City View unit has claimed the record...
Demand for older HDB flats in Singapore spiked in the second quarter this year, following policy updates in May which may have given a “new lease of life” to the overall HDB resale market, OrangeTee & Tie said on Tuesday in its latest quarterly report on HDB trends. Some 564 HDB flats that were 40 years old and above were sold in May-June this year, a 40 per cent surge from 403 units in the year-ago...
Singapore's resale public housing market has emerged out of its stupor, with the number of homes exchanging hands rising 29.8 per cent in the second quarter of this year. The prices of resale flats also dipped slightly, falling 0.2 per cent in the three months ending June, the Housing and Development Board (HDB) said on Friday (Jul 26), confirming flash estimates announced at the start of this month....
Cooler Housing and Development Board (HDB) flats could soon be a reality for Singaporeans. At the Urban Sustainability R&D Congress 2019 on Tuesday (Jul 23), HDB signed a Memorandum of Understanding (MoU) with Evonik (SEA) to incorporate the firm's new silicon-based material into the roofing of HDB flats, offering better protection against Singapore’s heat. Initial trials are expected to start in...
Applications for Piermont Grand, this year's first executive condominium (EC) launch, will start this coming weekend from July 12 to July 22, with bookings to be conducted on July 27. The 820-unit EC is a project developed by City Developments Limited (CDL) and TID which overlooks My Waterway@Punggol. CDL did not comment on the pricing of the project. The EC offers three-, four- and five-bedroom...
There were fewer Housing Board resale flats sold in June compared with May, while prices inched up slightly. Flash estimates from real estate portal SRX released on Thursday revealed that 1,895 HDB resale flats changed hands in June, an 8.7 per cent decrease from the 2,076 units in May. The resale volume in June was also 4.8 per cent lower than the 1,991 units sold in the same month last...