When property agency bosses at a seminar early this month predicted a 3 to 5 per cent fall in the prices of Housing and Development Board (HDB) resale flats for this year, possibly declining up to 10 per cent should economic conditions worsen, it prompted a few prospective buyers to ask me whether this was news too good to be true. The forecast was reinforced by data released a week later by three major...
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The Housing and Development Board (HDB) has launched the tender for four residential sites, which could yield approximately 2,070 residential units. Three of the four land parcels were released under the confirmed list, while the last plot was made available under the reserve list of the 1H2012 Government Land Sales (GLS) Programme. The three sites — Punggol Central/Edgefield Plains (pictured),...
Singapore has currently about 1,000 interim rental housing units. Replying to a question in Parliament, Senior Parliamentary Secretary for National Development, Dr Maliki Osman said the Interim Rental Housing (IRH) came about because there were a number of old HDB blocks which were vacated, pending demolition. To put them to some interim use, HDB decided to rent them out to families in financial hardship...
One in 10 conducted resale transactions of Housing and Development Board (HDB) flats the do-it-yourself (DIY) way last year. The HDB provides a DIY checklist to help shorten the process. This is one area the National Development Ministry is looking into, following public feedback on ways to meet diverse demands and raise the standard and professionalism of the real estate industry. National Development...
More second-time applicants appear to be going for executive condominiums (ECs), according to property developers. That's because the pool of first-time flat buyers is shrinking due to recently-ramped up supply of Build-to-Order flats. Prices of the 728 units at a new EC in Punggol - Twin Waterfalls - are likely to start from S$617,000 for a three-bedroom unit and S$823,000 for a four-bedroom...
Resale prices of public housing in Singapore have risen rapidly in recent years but market players said those days are over. Speaking at an industry forum on Wednesday, they said resale prices of HDB flats will drop by three to five per cent this year. But the drop may be more severe, if the external environment takes a turn for the worse. Executive condominiums such as the Trilliant in Tampines have...
Property analysts said subscription rates for executive condominiums (ECs), remain healthy in spite of the uncertain economic outlook. And it is also precisely because of the economic climate that analysts said demand for such housing is likely to stay. In January, about 1,000 people had indicated their interest to buy one of the 670 units at The Tampines Trilliant - which analysts said was a healthy 1.5...
While residents in Woodlands are petitioning for a proposed eldercare centre in their neighbourhood to be moved elsewhere, others living near one in Ang Mo Kio feel differently. The eldercare centre at Block 123 Ang Mo Kio Avenue 6 is run by the Asian Women's Welfare Association. Its services are so welcomed that over the past two years, it has seen a 20 per cent increase in elderly patients who require...
Applications for the recently-launched Tampines Trilliant Executive Condominium hit about 1,000 at the close of its first launch on Tuesday. The 670-unit condo, developed by Sim Lian Group, saw large crowds turning up at its launch last Friday, but whether this translates to actual buyers taking up the units is still unclear. Bookings for the apartments will close this weekend. City Developments'...
The Housing and Development Board (HDB) resale market appears to be stabilising as prices climbed at a much less rapid pace in the fourth quarter from the previous three months and as prospective buyers and sellers await new policy measures. The HDB said yesterday its Resale Price Index rose 1.7 per cent in the fourth quarter from the third to register a record high of 190.4. The rate of increase was less...