His predecessor had announced the review and, yesterday, National Development Minister Khaw Boon Wan gave the numbers to suggest that the income ceiling for new Housing and Development Board (HDB) flats will, indeed, be raised from the present S$8,000. In last month's Build-to-Order (BTO) exercise, more than half of the first-timers had applied under HDB's Fiance-Fiancee Scheme and had a median age of 27....
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Prices of flats released under the Housing and Development Board's (HDB) latest Design, Build and Sell Scheme (DBSS) have raised eyebrows among some analysts. In a central location within a mature estate, Centrale 8's 708 units in Tampines range from S$397,000 to S$510,000 for a three-room flat, to S$685,000 and S$880,000 for a five-bedroom unit. Four-bedroom flats will cost between S$531,000 to...
National Development Minister Khaw Boon Wan said the rising age of first time Build-to-Order (BTO) applicants justifies revising the HDB income ceiling. Writing in his blog, Mr Khaw said first-time applicants who applied under HDB's Fiancé-Fiancée Scheme for BTO projects launched in May had a median age of 27. And other first-timers - such as those already married - had a median age of 34. In May,...
Sim Lian Group Limited is launching Centrale 8 at Tampines today. Centrale 8 is a public housing project developed under the Housing and Development Board’s (HDB) Design, Build and Sell Scheme (DBSS). The project covers a total land area of 227,461.6 sq ft. The project comprises 708 units of three- to five-room flats. The three-room flats range in size from 61 sq m to 62 sq m, the four-room flats from...
HDB revised the income ceiling for Build-to-Order (BTO) 3-room HDB flats in March this year. Since then, 43 applicants have switched to smaller flats which they said is easier on their pocket. Under the old rules, 23-year-old sales associate Tan Jie Ying and 29-year-old Tay Choon Yao, a photography producer, applied for a four-room flat. But with the income ceiling raised from S$3,000 to S$5,000, the...
To realise the Government's commitment to ramp up the supply of flats over the next few years, the Housing and Development Board (HDB) is looking to woo more contractors to bid for public housing projects. Construction companies, however, are urging the Government to postpone its tightening on the influx of imported labour. The construction industry has churned out an average of between 15,000 and 17,000...
HDB will launch a Design, Build and Sell Scheme (DBSS) housing site at Fernvale Link/Sengkang West Avenue for sale Wednesday. This year, HDB plans to launch enough sites for about 4,000 DBSS flats, an increase from last year's supply of 3,000 units. The 4,000 DBSS flats will supplement the 25,000 BTO flats and the 1,000 balance flats to be released this year. Thus far, two DBSS land parcels yielding a...
National Development Minister Khaw Boon Wan is roping in members of the public and market players for solutions to some of the inconveniences of HDB living. Some inconveniences cited are: putting out the laundry to dry, which can be dangerous; and rain coming in from under the front doors of HDB flats when there are strong winds. In his latest blog entry, Mr Khaw said he has asked Minister of State Lee...
The Housing and Development Board (HDB) has launched a new set of notes under its S$7 billion Medium Term Note Programme. The issuance comprises a S$350 million, five-year Fixed Rate Note issue with a coupon of 1.685 per cent per year. The notes to be issued will be in denominations of S$250,000 and will be offered by way of placement to investors. The joint lead managers are ANZ bank, DBS, HSBC, OCBC,...
Applications closed yesterday for the Housing and Development Board's largest batch of Build-to-Order (BTO) flats, with 13,000 home buyers gunning for 4,000 flats. And National Development Khaw Boon Wan announced yesterday that another 1,000 flats will be released later this year. These will come under a Sale of Balance Flats exercise and brings the total number of new flats offered this year to 26,000 -...