National Development Minister Khaw Boon Wan on Wednesday said while he has asked HDB to put up more Build to Order (BTO) projects in mature estates, it will not be possible for many of them to benefit from this development, certainly not in the short term. Writing in his blog, Mr Khaw said this is because most of the mature estates are substantially built up, and there is limited land for public...
hdb
Analysts expect COVs and private home prices to fall gradually The flurry of housing announcements in recent days has increased optimism among home-seekers, especially those who have been unsuccessful in their house-hunting efforts. Property analysts who spoke to Today noted, however, that the additional supply and a review of the income ceiling for buyers of new Build-to-Order (BTO) flats will be "no...
The Housing and Development Board (HDB) has received nine bids for the sale of a site at Pasir Ris Central/Pasir Ris Drive 1. The 16,300 square metre site is designated for public housing under the Design, Build and Sell Scheme (DBSS). It was launched on March 16 and the tender closed at noon on Tuesday. The top bid of about S$123.88 million came from Singxpress Land and Kay Lim Holdings. It works out...
The HDB will release another land site meant for executive condominium housing. The site at Upper Serangoon View is being made available for application under the reserve list of the government land sales programme for the first half of this year. Under the Reserve List System, developers who are interested in purchasing the land can submit their application indicating the minimum offer price to...
As the Government reviews the income ceiling to qualify to buy new public housing - a move considered by some market watchers to be long overdue - property analysts cautioned that a balance would have to be struck between helping the sandwiched class and ensuring that the market could cope with an influx of new buyers. Analysts whom Today spoke to said that a higher income ceiling of S$10,000 a month -...
Members of Parliament (MPs) said there is a need to raise the supply of rental flats significantly, to match demand. They said despite a shorter waiting time, there are still segments of the population who need rental flats quickly. Their comments come a day after Minister for National Development Khaw Boon Wan said there was a need to ramp up the supply of these flats by "tens of thousands". MPs said...
National Development Minister Khaw Boon Wan said he has asked HDB to look into building more Build-To-Order (BTO) flats in mature estates. In his latest blog post, Mr Khaw said it is too late to prepare suitable sites for this year but HDB should be able to offer some BTO launches in mature estates next year. He said the National Development Ministry has been rather reluctant to launch BTO projects in...
Analysts said the move by the Ministry of National Development to build more HDB flats may give the local construction industry a fresh boost. The majority of first time HDB home buyers can rejoice with the MND's decision to develop more build-to-order (BTO) flats this year. And with the decision to address rental flat shortages, industry observers said the planned supply changes would be positive for...
Minister for National Development Khaw Boon Wan said there is a shortage of rental flats in Singapore, and there is a need to ramp up supply by "ten of thousands". However, Mr Khaw said it will take some time to make up this shortfall, as the construction industry is unable to cope with the sudden surge in demand. Mr Khaw spoke about the need to ramp up the supply of rental flats, during a youth forum at...
Owners of flats at Segar Meadows' newly-completed block received the keys to their new homes on Saturday. Segar Meadows is a newly-completed Build-To-Order (BTO) project in the Bukit Panjang area. Environment and Water Resources Minister Vivian Balakrishnan, who is also an MP for Holland-Bukit Timah GRC, and his fellow MP Liang Eng Hwa were guests-of-honour at the completion ceremony. They handed over...