Prices of HDB resale flats have increased 2.9 per cent in the second quarter of this year compared to the previous quarter. Flash data released on Friday by the Housing and Development Board (HDB) shows that its resale price index in the second quarter this year came in at 179.9. The rate of price growth in the second quarter is higher than the previous quarter's 1.6 per cent hike. HDB said it is on...
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Resale prices of HDB flats have increased 2.9 per cent in the second quarter of this year compared to the previous quarter. Flash data released on Friday by the Housing and Development Board (HDB) shows that its resale price index in the second quarter this year came in at 179.9. The rate of price growth in the second quarter is higher than the previous quarter's 1.6 per cent hike. HDB said it is on...
Developers can earn gross profit margins of up to 76 percent from the public housing projects they develop under the Design, Build and Sell Scheme (DBSS), according to a Business Times report. In the report, five out of the seven DBSS projects launched since 2008 have achieved gross profit margins of at least 28 percent. This is similar to the 30 to 40 percent gross profit margins that real estate groups...
The Housing and Development Board (HDB) will launch the tender for a residential site at Punggol Field Walk on Wednesday. Slated for condominium development, the site can potentially yield 550 dwelling units. It's being released for tender under the Confirmed List of the First Half 2011 Government Land Sales Programme. Located near Sungei Serangoon, residents will enjoy convenient access within Punggol...
Cash over valuation (COV) paid for public resale flats rose to around S$30,000 in the April to June period, after easing out in the first quarter, where the average COV stood at S$21,000, according to data obtained by The Sunday Times. With continued high demand for flats, the median COV, which is the amount paid by buyers for the valuation of a resale flat, was likely similar to the S$30,000 official...
The Housing and Development Board (HDB) will combine the Build-to-Order (BTO) flat launches for June and July, for release in mid-July. National Development Minister Khaw Boon Wan said this in his blog on Saturday. This came a week after he said he was considering moving away from the current practice of monthly launches of BTO flats and explore ways to have larger combined launches. He had said that...
Member of Parliament for Marine Parade GRC Tin Pei Ling has suggested that the Housing and Development Board (HDB) take back the right to price units under the Design, Build and Sell Scheme (DBSS) or include a clause to compel price negotiations between HDB and the private developers. She said this could be considered as part of the overall review of housing policies by the Ministry of National...
There will still be demand for more expensive public housing such as the Design, Build and Sell Scheme (DBSS) flats. That's the view of property analysts, following the recent debate over the pricing of such flats and the relevance of the scheme. A five-room flat at the new DBSS Centrale 8 near the Tampines Regional Centre costs up to S$778,000. A previous indicative price had been set at S$880,000,...
Sim Lian Group has released a confirmed price range for its Design Build and Sell Scheme (DBSS) flats Centrale 8. The listed firm said in an announcement filed with the Singapore Exchange that its previously announced price range was only indicative. Confirmed prices for three-room flats range from S$389,000 to S$445,000, while four-room flat prices range from S$511,000 to S$592,000. Five-room flats will...
National Development Minister Khaw Boon Wan says he is considering moving away from the current practice of monthly launches of Build-To-Order HDB flats and explore ways to have larger combined launches. In the latest entry on his blog, Mr Khaw said he has been advised to do larger launches. Mr Khaw thinks this is sound advice. He said larger launches offer buyers a wider range of choices and reduce the...