The Housing and Development Board (HDB) will set aside another S$11 million to help 3,300 shops in 35 sites enhance their business vibrancy and competitiveness. This is as part of its fourth batch of the Revitalisation of Shops (ROS) scheme. HDB will also extend its co-funding portion for promotional events from the current three years to six years, in response to requests from the Merchant Associations...
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The Housing and Development Board (HDB) launched five Build-To-Order (BTO) projects on Wednesday. The BTO launch, the first this year, offers 3,923 new flats in Choa Chu Kang, Punggol, Sengkang and Tampines. And a further 4,110 new flats will be offered for sale in the next BTO launch in March, in Bedok, Bukit Batok, Bukit Panjang, Bukit Timah, Clementi, Geylang and Toa Payoh. In total, HDB plans to...
There's been a strong take-up rate for the latest executive condominium (EC) project at Choa Chu Kang. Some 150 units of The Rainforest were sold on the first day of booking. The latest 466-unit development offer units priced from S$601,000 to S$1.01 million. The Rainforest also saw strong demand from second-time buyers. Only five per cent of the project is allocated to second-timers buyers, and the...
More than 800 online applications for City Developments Ltd’s (CDL) The Rainforest EC project were received as of 5pm yesterday, the last day of applications for eligible EC buyers. “We are receiving more e-applications progressively till the end of the day,” said a spokesman from CDL. The median selling price for units at the development range from S$720 psf to S$730 psf, with 818 sq ft...
The Ministry of National Development is accelerating its Home Improvement Programme (HIP). Over the next few years, the ministry will be increasing its budget for the programme by some 20 per cent. Minister of State Lee Yi Shyan said the programme will cover 160,000 more flats over the next five years. But said the issue of industry capacity will also have to be considered. Mr Lee Yi Shyan, Minister of...
All HDB flat owners at Rochor Centre will be compensated for their existing flats based on the prevailing market values as at the date of announcement of the acquisition, which is 15 November 2011. This is regardless of whether they decide to take up the new replacement flats in Kallang. National Development Minister Khaw Boon Wan said this in a written parliamentary reply on Monday, in response to a...
A new development under the Design, Build and Sell Scheme (DBSS) has been launched in Hougang. Parkland Residences will be located near the junction of Hougang Avenue 8 and Upper Serangoon Road, within walking distance to the Hougang MRT Station. Major expressways such as the Kallang Paya Lebar Expressway (KPE), Tampines Expressway (TPE) and Central Expressway (CTE) are also within easy reach. The...
Sales of executive condominiums (ECs) are expected to remain healthy, despite a ramped-up supply this year. Some 3,000 units from land sold previously will be released this year, and the government plans to release land for another 5,000 units. Market watchers and developers believe ECs remain an attractive choice for buyers due to the higher income ceiling, from S$10,000 to S$12,000, and substantial...
Home prices in Singapore are showing signs of moderating. Flash estimates from the Urban Redevelopment Authority and Housing and Development Board (HDB) for the last quarter of 2011 saw prices increasing at a slower rate. Prices of resale flats grew by 1.7 per cent, compared to the 3.8 per cent growth seen in the third quarter. This brings the HDB Resale Price Index (RPI) - which provides information on...
The Housing and Development Board's flash estimate of the Q4 2011 Resale Price Index (RPI) is 190.4, an increase of 1.7 per cent over Q3. The increase is lower than the 3.8 per cent seen in the previous quarter. The RPI provides information on the general price movements in the public residential market. Transacted prices of individual flats (by block and flat type) can be found on HDB's website and...