Nearly 57 percent of home buyers in Singapore believe the government is either on track or will likely exceed expectations to cool the public housing market in five years. This includes 19.9 per cent who feel prices will stabilise over the next one to two years. And another nearly 37 per cent who feel three to five years is a fair assessment for public housing prices to stabilise. The poll was conducted...
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MP for Moulmein-Kallang GRC Denise Phua said in Parliament on Monday that she has received 25 appeals from residents of Rochor Centre to have a dialogue with the authorities over the fate of their homes. This after the area was slated for the construction of the North South Expressway. Some 20 residents said they want a dialogue session with the Housing and Development Board and the Land Transport...
The shrinking size of public flats does not necessarily mean a lower quality of living, Housing and Development Board (HDB) chief executive Cheong Koon Hean said last week. She said residents could use good interior design and arrange their furniture to create better storage options that will give that feeling of space. She said that while HDB flats had become smaller, Singapore's average household size...
Some housing analysts are predicting that HDB flats in Rochor Centre could become hot property now that they have been slated to make way for the North-South Expressway (NSE). Residents have been offered a relocation package that includes priority for a new flat in Kallang. This may appeal to those looking for a quicker way of buying into the Kallang area. Such practices are not uncommon. Housing...
The Housing & Development Board (HDB) will be amending the balloting rules to improve the chances for second-time buyers of new HDB flats. Unlike first-time buyers, second-time buyers only have one chance at the ballot, and are eligible for only five per cent of new Build-to-Order flats. Writing in his blog, Minister for National Development Khaw Boon Wan said the review will take place towards the...
Seventy-three per cent of newlyweds who are first-time flat buyers were invited to make a selection in the Build-to-Order (BTO) exercise for HDB flats this July. This was revealed by National Development Minister Khaw Boon Wan in his latest blog entry where he provided a breakdown of selection results for the July BTO exercise. Mr Khaw said with ramped-up construction and priority treatment, newlyweds...
Belvia - a Design, Build and Sell Scheme (DBSS) project situated along Bedok Reservoir Road - has received good response mostly from first-time buyers. At the first phase of booking from November 7 to 9, the development which was reserved mainly for first-timers saw a take-up rate of more than 40 percent. Belvia is a 488-unit project by CEL Development and the first DBSS project in the mature Bedok...
Treelodge@Punggol has won the Institution of Engineers Singapore' Engineering Awards 2011. The award recognises outstanding engineering skills which have contributed to engineering progress and improved quality of life in Singapore. The HDB eco-precinct completed in 2010 consists of seven 16-storey blocks with 712 units. It has adopted green building technologies to promote sustainable green...
Public flats in Singapore may be getting smaller but this has not lowered quality of living, says Housing and Development Board's (HDB) CEO, Dr Cheong Koon Hean. Speaking to reporters on the sidelines of a housing forum on Thursday morning, Dr Cheong noted that there were now fewer persons living in one flat which works out to increased living space per person. "Our families are smaller. In the old days,...
Three blocks of flats at East Coast Road - Blocks 1, 2 and 3 - have been chosen for the government's Selective En bloc Redevelopment Scheme (SERS). The site, which is the 75th site to be benefit from SERS, has 82 sold flats which are about 48 years old. The Housing and Development Board (HDB) will build replacement flats comprising 2-, 3-, 4- and 5-room flats at Chai Chee Road for the affected flat...