The mixed development at Clementi Town Centre and Punggol Waterway have bagged top honours in this year's Housing and Development Board (HDB) awards, with their strong distinctive identity and character. They won the Design Awards, along with the upcoming Build-to-Order (BTO) project at Bukit Batok, Skyline I & II, a residential development which promises to be a landmark in the Jurong Lake area when...
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Large flats in mature estates have proven to be the most popular among potential home buyers in HDB's latest Build-to-Order (BTO) exercise. As at 5pm, 8,776 applications have been received for 3,428 units offered, excluding studio apartments. Each four-room unit in Tampines Greenlace received about 3.3 applications from first-timers. Likewise, in Ang Mo Kio's Cheng San Court, each four-room unit had...
Strong housing demand and a buoyant resale market have pushed up the resale prices of public housing flats by 2 per cent in the third quarter of 2012 over the second quarter. The Housing and Development Board (HDB) said on Monday that its flash estimate of the 3rd Quarter 2012 Resale Price Index (RPI) stood at 197.9. This was the sharpest increase so far this year for the RPI, which tracks the general...
The Housing and Development Board (HDB) is increasing its new flat supply for 2012 by 2,000 units, boosting the number of Build-to-Order (BTO) flats for the year to 27,000 -- up from the originally planned 25,000. This is the biggest ever launch of new flats in a year. The news comes as HDB launched on Thursday 7,055 flats for sale under the joint BTO and Sale of Balance Flats (SBF) exercises in both...
To provide developers and home-buyers with more choices for private housing, the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing two Executive Condominium (EC) sites and a residential site for sale in September 2012. The two EC sites at Sengkang West Way / Fernvale Link and Pasir Ris Drive 3 / Pasir Ris Rise are launched for sale under the Confirmed List today....
Last week, a Housing and Development Board (HDB) executive flat in Queenstown was sold on the resale market for a new record price of S$1 million, the first time that the magical number was achieved for public housing. The deal broke the previous record reached only a week earlier, when a Bishan executive maisonette was sold for S$980,000. While the price tags may have raised eyebrows, it was a long time...
Following the suspension of the Design Build and Sell Scheme (DBSS) last year, more than 1,000 flats have been left unsold as buyers turn to Build-to-Order (BTO) flats, reported The Straits Times. The slowdown in demand for pricier DBSS units was attributed to the surge in supply of BTO flats which also have a monthly income ceiling of S$10,000. While some DBSS launches have enjoyed healthy sales, others...
Heron Bay, Singapore's first-ever deluxe executive condominium (EC) at Upper Serangoon attracted more than 1,000 visitors on its opening day for e-applications. Several young couples and families thronged the sales gallery of the 394-unit project in District 19. Developers said they had expected a high turnout rate as the EC offered several premium features including living rooms with private jacuzzis...
Singaporeans can expect a few more million dollar Housing Development Board flats in the resale market soon. This is according to one property agent that Channel NewsAsia spoke to, who said the high asking price of some flats can be attributed to their prime location and large liveable space. The deal for a million dollar resale flat in Queenstown has been confirmed on Wednesday. It is a record amount...
Responding to a Parliamentary question, Minister Khaw Boon Wan said that the Ministry of National Development (MND) is not rushing to complete the review of the Design, Build and Sell Scheme (DBSS) for HDB flats. This follows the suspension of the DBSS land sales a year ago. The DBSS was introduced in 2005 to give flat buyers more choices by allowing private developers to design and build some public...