New rules on buying homes using CPF or HDB housing loans will be introduced, that will focus on whether the remaining lease of the property can cover the buyer until at least age 95. This was announced on Thursday (May 9) by the Ministry of National Development (MND) and Ministry of Manpower (MOM). The changes, which apply to the purchase of HDB flats, private properties and executive condominiums,...
Despite lingering concerns about depreciating value and some adverse impact from the latest cooling measures, older HDB flats in Singapore are still in demand, according to a study by property consultancy OrangeTee & Tie. For the first quarter this year, 628 older flats - that is, those that are more than 40 years old - were sold, constituting 13.9 per cent of total resale transactions. This is the...
A new park will be developed to form a “green lung” in the upcoming Bidadari estate, the Housing and Development Board (HDB) announced on Sunday (May 5). The 10-hectare Bidadari Park will feature a lake, a heritage walk, experiential trails and a play area for children. In designing the park, the team drew inspiration from the fictional Hundred Acre Wood in the Winnie-the-Pooh children’s...
More than 20 households who live in five-room and larger flats sold the tail end of their unit's lease back to the Housing and Development Board (HDB) in the first quarter of this year under the Lease Buyback Scheme (LBS), said the Housing and Development Board (HDB). In response to queries from CNA, the board said it received more than 200 LBS applications from owners of these bigger flats between Jan...
Singapore’s resale public housing market remained in the doldrums in the first quarter of this year, with prices edging lower and the number of homes exchanging hands down 14.2 per cent. Resale prices of flats fell 0.3 per cent in the three months ending March, the Housing and Development Board (HDB) said on Friday (Apr 26), confirming flash estimates announced earlier this month. READ: Private...
Old flats - once the storehouse of wealth for owners should their homes be chosen for en-bloc redevelopment - have become a source of anxiety for residents after the government two years ago cautioned against speculation of state buyouts of these assets. The idea that the value of one's home can eventually run down to zero is a terrifying thought, one which increasingly more researchers are studying in an...
The volume of HDB resale flats grew by 26.1 per cent in March, marking the highest jump in eight months since August last year. There were 1,657 HDB resale transactions in March, up from the 1,314 units sold in the previous month, according to according to flash estimates from real estate portal SRX Property on Thursday. However, resale volume in March was 12.7 per cent lower than the 1,897 units...
HDB resale flat prices dipped 0.3 per cent in the first quarter of 2019 compared with the quarter before, according to the latest HDB flash estimates released on Monday. The resale price index was 131, down from the 131.4 in the fourth quarter of 2018. The final figures, with more detailed public housing data, will be released on April 26. In May, HDB is expected to offer about 3,400...
HDB resale transactions resumed their downtrend in February amid the Chinese New Year lull, after January enjoyed the first month-on-month increase in sales since last July's cooling measures. Last month, 1,313 HDB resale flats changed hands, 15.8 per cent less than in January, according to flash estimates from real estate portal SRX on Thursday. Year on year though, last month's sales volume was 9.9...
Those looking to purchase Build-to-Order (BTO) flats will soon be able to receive the results of their applications earlier, said Minister for National Development Lawrence Wong on Thursday (Mar 7). The balloting time for BTO flats will be reduced from six to three weeks, and will take effect from the May 2019 BTO exercise. "We have also been studying ways to improve our BTO application processes,"...
Compare listings
Compare