Government agencies are embarking on energy solutions testing for public housing with Panasonic. Flats in Punggol Eco Town will become a test-bed for energy solutions. This follows a collaboration struck between the Housing Development Board, Energy Market Authority, the Economic Development Board and Japanese electronics giant, Panasonic. Solar panels will be fitted to power lifts and lighting, as well...
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Market watchers said the HDB resale flat prices will likely hold for the rest of the year amid an imbalance between supply and demand. Over the weekend, the National Development Minister said it would take three to five years to "substantively resolve" the problem of high resale flat prices and for prices to stabilise. Prices of resale HDB flats have been heading north, rising nearly 5 per cent in the...
National Development Minister Khaw Boon Wan used the apples and oranges analogy to clarify why the Housing & Development Board (HDB) has ceased the publication of overall median cash premiums paid by home buyers beyond the valuation of flats across all estates. He said that the overall median cash-over-valuation (COV) figure for resale flats is “misleading and quite irrelevant”, as the data on the...
National Development Minister Khaw Boon Wan expects to take three to five years to substantively solve the imbalance between the supply and demand for HDB resale flats. He said he is confident that resale flat prices will stabilise but stressed that the problem of high prices cannot be solved overnight. He urged Singaporeans to be patient. Mr Khaw said this in response to questions from reporters on the...
Prices of HDB resale flats rose a steeper 3.1 per cent in the second quarter compared to the 1.6 per cent increase seen in the first quarter. The number of transactions rose by about 6 per cent to some 6,600. The median Cash-Over-Valuation (COV) has also risen. The COV for a 5-room flat in Bishan was S$50,000. In Toa Payoh it was S$70,000. Explaining the steeper increase, key executive officer of ERA...
Compared to about a month ago, the mood in the public housing market today could not have been any more different. The gloom and anxieties of first-time applicants for new Housing and Development Board (HDB) flats have now been considerably dispelled. Two combined launches offering about 4,000 and 3,500 flats in May and mid-July, respectively, in various HDB new town locations have significantly raised...
The latest Build-to-Order (BTO) project saw three applicants for every new flat on offer. There were 3,556 flats for the picking in the combined BTO exercise. All in, there were 11,548 bids for seven projects across the island. This includes areas like Sengkang, Tampines, Jurong West and Yishun. The combined launch is a new initiative aimed at providing home buyers more choice and greater chances of...
National Development Minister Khaw Boon Wan said it's more effective to release a larger number of Build-To-Order (BTO) flats per launch as it gives home buyers greater choice and improves their chances of selecting a unit. Thus, the BTO projects for the next two months will be combined into a single launch, and will likely be put up for balloting in September. Mr Khaw was speaking to reporters after...
National Development Minister Khaw Boon Wan has elaborated on who were the successful applicants in the Build-To-Order (BTO) exercises from January to March this year. In his latest blog entry, Mr Khaw said when an application rate is about 2, which means two applicants for one unit, almost all applicants will get a chance to select. This is because not all who are asked to select do so. For the January...
The Housing and Development Board (HDB) has launched seven Build-to-Order (BTO) projects offering 3,600 new flats. It has combined the BTO launches originally planned for June and July in Thursday's launch, giving flat buyers more housing options. These 3,600 new flats are located across various towns, in Sengkang, Punggol, Tampines, Jurong West, Yishun and (two BTOs in) Bukit Panjang. Most of the flats...