Analysts have said a lower supply of Housing & Development Board (HDB) resale flats has driven up the prices of such units. Prices of HDB resale flats in the third quarter jumped 3.8 per cent from a quarter ago. The squeeze on supply drove the steepest quarterly increase since the third quarter of 2010, which saw a rise of four per cent. Chesterton Suntec International research & consultancy...
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First time applicants who applied for Build-to-Order (BTO) flats stand a good chance of getting their flats in the latest bumper launch of 8,200 flats. That's because the BTO application rate is 1.7 this time round, which according to National Development Minister Khaw Boon Wan in his latest blog entry, means first-time applicants will get a chance to select their flats. He had said earlier that a BTO...
Flash estimates on property prices show that buyers are willing to pay more for HDB resale flats while those purchasing private property are showing caution. HDB's flash estimate of the 3rd Quarter 2011 Resale Price Index (RPI) climbed 3.8 per cent in the third quarter compared to the 3.1 per cent rise seen in the second quarter. In the first three months of the year, the rise was 1.6 per cent. The rise...
The Resale Price Index (RPI) of public housing in the third quarter 2011 has reached 187.1, an increase of 3.8 percent over the second quarter. In its flash estimate released on Monday, the Housing and Development Board said the increase is slightly higher than the 3.1 percent registered in the previous quarter. The index provides information on the general price movements in the public residential...
The Housing and Development Board (HDB) said the building of additional rental flats in the next two years will take place in towns such as Bukit Batok, Punggol, Sembawang, Sengkang and Yishun. HDB recently announced it would build some 7,000 rental flats for low income Singaporeans. HDB figures show it's been increasing the supply of rental units to cope with demand. Since 2007, the waiting time for...
Introducing some flats with shorter lease periods would make them more affordable The Ministry of National Development's decision earlier in the year to raise the supply of HDB flats is a step in the right direction. The move to raise the income ceiling for buyers from S$8,000 to S$10,000 for Build-To-Order flats and from S$10,000 to S$12,000 for executive condominiums is another welcome response from...
The sale of Housing & Development Board's (HDB) "balance flats" has attracted an overwhelming response. A total of 17,255 applications have been received for 2,847 "balance flats" offered under the Sale of Balance Flats Exercise on 22 September. Applications closed on 28 September. "Balance flats" are those left unselected from earlier Build-To-Order (BTO) exercises, surplus replacement flats under...
HDB this morning announced the launch of more than 8,200 flats under the joint Build-To-Order (BTO) and Sale of Balance Flats (SBF) Exercises - the largest supply of flats in a single launch. There was an added bonus for first-time buyers, as it was announced that "at least 95 per cent" of the flats would be set aside for buyers in this category. "Flat-buyers of all income groups will enjoy a wide range...
Sales of executive condos (ECs) have picked up after last week’s announcement that the higher income ceiling of S$12,000 would apply to five other EC projects with unsold units. According to Qingjian Realty, over 50 EC units have been snapped up at RiverParc Residence in Punggol since last week, bringing total sales to 468 units (93 percent) of the 504-unit project. It added that most of the buyers...
The Housing and Development Board (HDB) yesterday raised s$650 million by selling a 10-year bond, after increasing the size of its planned issue from s$400 million to meet demand, according to a term sheet seen by Dow Jones Newswires. The yield of the bond was at 1.95 per cent, the term sheet said. DBS was the sole bookrunner for the unrated senior unsecured bond, according to the document. The HDB is a...