The tender by Housing and Development Board for an executive condominium (EC) site at Woodlands Avenue 5 / Woodlands Drive 16 has attracted five bids. The top bid of S$247 million came from Hao Yuan Investment which works out to about S$320 per square foot per plot ratio for the 25,800 square metres site. Hao Yuan Investment bid 3.5 per cent higher than the second bid. The rest of the bids ranged between...
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Around 400 online applications was received for its 416 units at about 5pm on Tuesday at the executive condominium (EC) project, Watercolours in Pasir Ris. Watercolours is the only Housing and Development Board project among the four developments located at the junction of Pasir Ris Link and Pasir Ris Drive 3. The other three developments are private condominium projects Ripple Bay and Seastrand, and an...
HDB’s Resale Price Index rose from 190.4 in 4th Quarter 2011 to 191.6 in the 1st Quarter 2012, an increase of 0.6% over the previous quarter. This is the same as the flash estimate released on 2 April 2012. Resale transactions fell 0.5%, from 5,921 cases in 4th Quarter 2011 to 5,892 cases in 1st Quarter 2012. HDB offered 8,076 flats under Build-To-Order (BTO) exercises and another 3,825 flats under a...
The latest public housing project to be sold under the Design, Build and Sell Scheme (DBSS) will be launched on Friday, April 27. Pasir Ris One is also widely believed to be the last DBSS development, following the government's move to suspend land sales for such projects last year. The 447-unit development, located at Pasir Ris Central next to the MRT station, comprises 3-room to 5-room units. A 3-room...
The Housing & Development Board (HDB) marked the end of the Main Upgrading Programme (MUP) for first-generation public housing estates on Saturday after 22 years. Speaking at the completion ceremony of the final precinct at Ang Mo Kio Avenue 10, Prime Minister Lee Hsien Loong said it is not the end of the road for government upgrading of public housing. It is now replaced by newer schemes, including...
Applications for the latest sale of Housing and Development Board (HDB) flats were 3.25 times oversubscribed. As the deadline for applications drew to a close on Tuesday, the HDB received some 26,000 applications for the 7,978 flats released for sale last week. Minister for National Development Khaw Boon Wan said in his latest blog post that the application rates have been reassuring. For flats in...
A residential redevelopment site at Fernvale Lane has received a top bid of S$245 million at the close of a public tender on Tuesday. Only four bids were received for the executive condominium (EC) site. The top bid came from Peak Living Pte Ltd, a subsidiary of Kheng Leong Group which is controlled by the family of tycoon Wee Cho Yaw. FCL Tampines Court Pte Ltd/Keong Hong Construction put in the second...
Prices of HDB resale flats saw nearly flat growth in the first three months of the year, inching up just 0.6 percent over the fourth quarter of 2011. The flash estimate released by the Housing and Development Board (HDB) is less than half the growth seen in the previous quarter. Flash estimates of the resale price index, which provides information on the general price movements in the public residential...
HDB resale prices rose in the first quarter of 2012, while private homes prices fell for the first time since 2009. HDB flash estimates showed an increase of 0.6 per cent in the January-March 2012, the smallest rise in resale prices since the third quarter of 2006. The increase was also lower than the 1.7 per cent gain registered in the fourth quarter of 2011. Separately, an estimate by the Urban...
The Housing and Development Board (HDB) has tweaked its rules to discourage buyers who book a flat but subsequently cancel their booking, in a move designed to better protect the interests of serious home buyers. Such applicants who cancel their booking cannot, within one year from the date of cancellation, apply or be included as an essential occupier for a new HDB flat, DBSS (Design, Build and Sell...