Mr Khaw Boon Wan has outlined his priorities for the first two years of his term as the National Development Minister. In his first speech on housing issues in Parliament on Wednesday, he said he will focus on the newlywed HDB first-timers and vulnerable families. Mr Khaw said he is committed to help all newlywed first-timers earning below S$10,000 per month get their first HDB home as soon as...
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Plans to build ahead of order are continuing with seven HDB Build-To-Order (BTO) projects on track despite the subdued response of home-buyers. Among seven Build-To-Order (BTO) projects launched in September, the Housing and Developmemt Board said three had relatively low application rates. According to a HDB statement, the Golden Peony BTO project at Jurong West, comprising 190 Studio Apartment, had an...
Applications for the DBSS project in the Jurong lake district opened on Tuesday. As of 6pm, Lake Vista@Yuan Ching has received 100 applications. And developers are confident the applications will soar over the weekend. The 682-unit public housing project comprises 3-, 4- and 5-room apartments. Prices of 4-room flats range from $481,000 to $575,000. Despite other DBSS projects also coming up in Bedok...
The MP for Holland Bukit Timah GRC, Christopher De Souza said that though housing policies need fine-tuning, the foundation of these policies are still sturdy. He was responding to concerns expressed by Non-Constituency MP Gerald Giam of the Workers' Party (WP) on the public housing situation in Singapore. "BTO flats do not solve the immediate housing problem, because it takes up to three years before...
Analysts said flats sold under the Design, Build and Sell Scheme (DBSS) may be losing their relevance, as the gap in the housing market they previously served is now covered by Build-To-Order (BTO) flats. The income ceiling to qualify for a BTO flat was recently raised to S$10,000 - the same as DBSS flats. Since the public outcry over the record-breaking asking prices of a previous DBSS launch, Centrale...
The tender for a executive condominium (EC) site at Pasir Ris has attracted a high number of developers, according to the Housing & Development Board (HDB). There were a total of 11 bidders for the site at Pasir Ris Drive 3 and Pasir Ris Link. The top offer of S$122 million came from joint bidders Ho Lee Group and Maxdin. That translates to about $291 per square foot per plot ratio. This means a...
A Design, Build and Sell Scheme (DBSS) project in Bedok is set to be launched this week. The project, Belvia, is one of a few projects for which tenders were given out before the government announced it will put DBSS projects on hold. CEL Development said on Monday e-applications for Belvia -- a 488-unit project comprising three-, four- and five-room units in Bedok -- will open from 14 to 18...
Prime Minister Lee Hsien Loong said he expects the recent slew of housing measures to stabilise the market for new flats in four years. He also gave his assurance that the prices of new flats will remain affordable. Mr Lee was speaking at a ceremony to mark the completion of upgrading works in a precinct in Ang Mo Kio. In his speech, Mr Lee noted the concerns many Singaporeans have over buying new flats...
Property prices for HDB flats around the 12 remaining Circle Line stations, due to open this Saturday, have risen, according to property agents. They said a three-room flat around Holland Village station now costs 10 per cent more compared to last year, going as high as S$440,000. Over at Telok Blangah, a five-room high-floor unit recently transacted at S$810,000. A similar unit further away from the...
The property market in Singapore has continued to defy expectations even as global economic prospects darkened, with prices for resale Housing and Development Board (HDB) flats as well as private homes hitting new highs in the third quarter. According to preliminary estimates from the HDB yesterday, the resale price index increased by 3.8 per cent from the previous quarter, after rising 3.1 per cent in...