Forty-five HDB blocks in Punggol will be fitted with solar panels by the middle of next year, in Singapore's first solar leasing project. The solar power generated panels will be used to power services in common areas such as lift operations, corridor and staircase lightings, and water pumps. This makes up 10 per cent of total block usuage. Private company Sunseap Enterprises will finance the design,...
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The revised S$12,000 income ceiling for executive condominiums (EC) will also apply to five projects launched before August 15 this year. The Ministry of National Development said it made this change following public feedback to apply the new ceiling to projects launched before August 15, the date the new ceiling was announced for EC projects. MND said it found the feedback sound as it will enable home...
A Hoi Hup led-consortium sold 220 units at the Arc at Tampines executive condo (EC) project during balloting yesterday, at an average price of S$722 psf. “Arc is the first EC launch to benefit from the higher monthly household income ceiling of S$12,000 compared with S$10,000 previously,” said a market watcher. He noted that the project has seen more units sold than other recently launched EC...
Housing agents said prices for the first executive condominium launched after the income ceiling was raised for households, range from just under S$600,000 to S$1.32 million. Agents said that two-bedroom units, for Arc at Tampines, located at Tampines Avenue 8, are going for between S$741 and S$875 per square foot while the price for three-bedroom units ranges from S$693 to S$810 per square...
The debate over cash-over-valuations, or COVs, for Housing and Development Board (HDB) flats continues. This week, the body representing Singapore's property valuers called for the removal of all official data on cash premiums paid for HDB resale flats. The Singapore Institute of Surveyors and Valuers (SISV) said it supported National Development Minister Khaw Boon Wan's decision to cease the release of...
Supporting National Development Minister Khaw Boon Wan's decision to stop releasing the median cash-over-valuation (COV) data, the industry body representing property valuers here has urged the authorities to go a step further and "discourage" the practice of paying COV. The Singapore Institute of Surveyors and Valuers (SISV) cautioned yesterday - in a statement from its president (valuation and general...
Go for subsidised new HDB flats - it is your entitlement In a weekend feature article, prospective buyers of homes - both for own occupation and for investment - got a huge dose of advice from property experts, consultants and even developers. Much of the advice was not new but there were many good reminders amid the volatile and uncertain economic environment - both locally and globally. However, the...
Demand for resale flats has fallen by about 20 per cent since the raising of the income ceiling for Build-To-Order (BTO) flats. This is according to property agents who added that the cash-over-valuation (COV) prices are also starting to fall. The income ceiling for BTO flats was raised less than two weeks ago from S$8,000 to S$10,000. But property agents Channel News Asia spoke to said they are already...
The Housing and Development Board (HDB) is putting up two executive condominium (EC) sites at Pasir Ris (Pasir Ris Drive 3 / Pasir Ris Rise) and Yishun (Yishun Avenue 7 / Canberra Drive) for sale. The higher income ceiling of $12,000 and tiered CPF housing grants announced on August 15 will apply to these two projects. The tenders will close at noon on October 11 and October 25 for the Pasir Ris and...
Home owners eager to sell their flats seem to have lowered their expectations of getting large cash premiums, after the Housing and Development Board (HDB) raised the income ceiling for new flats and housing subsidies. Property agents expect the new rules to change the make-up of HDB resale flat buyers, as it will create more housing options for the elderly, couples and singles. With the possibility that...