The six new BTO projects announced yesterday are spread out over four estates, namely Punggol, Pasir Ris, Tampines and Woodlands. Offering almost 4,000 units in all, these projects - Costa Ris and Golden Lily in Pasir Ris, Punggol Parcvista, Tampines GreenLeaf, Tampines GreenWood and Woodlands Peak - comprise flats in various locations and sizes to meet the different needs of home-seekers. Two of the...
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Just days into his new job as National Development Minister, Mr Khaw Boon Wan (picture) has instructed the Housing and Development Board (HDB) to build flats "ahead of demand" - a significant change in policy from the "Build To Order" (BTO) approach which has been in place for the past 10 years. Mr Khaw's announcement coincided with HDB's launch of six BTO projects - the largest number launched at once....
National Development Minister Khaw Boon Wan has told HDB to build ahead of demand during this period of robust demand. Writing in his ministry's blog, Mr Khaw said the orders will definitely come, and HDB should call a tender as soon as architectural drawings and tender documents are ready. Currently, a tender is called only after 70 per cent of orders have been confirmed - hence "Build-to-Order" (BTO)...
The HDB is offering homebuyers close to 4,000 new flats in six Build-to-Order (BTO) projects launched on Friday - the largest supply of BTO flats in a single launch. It surpasses the 3,185 BTO flats offered last month. The BTO projects launched on Friday are at Costa Ris and Golden Lily in Pasir Ris, Punggol Parcvista, Tampines GreenLeaf, Tampines GreenWood, and Woodlands Peak. At least 95 per cent of...
In his last blog post as Health Minister, Mr Khaw Boon Wan said he is determined to make housing and HDB Singaporeans' popular icon again. Recounting his earlier days in the Health Ministry, Mr Khaw said he went to the Health Ministry in 2003 during the SARS period with some trepidation, not quite sure what he was walking into. He will go to National Development Ministry, with even greater...
May I suggest that the Government consider restoring the HDB rental system in a big way. During the early days of this nation, this was how many Singaporeans were adequately housed when they were resettled from kampungs. One-, two- and three-room Housing and Development Board (HDB) flats were rented out to those who could not buy. Why is it that these smaller flats were subsequently either perceived by...
First-time home buyers will welcome the call to raise the income ceiling to qualify for new HDB flats, property analysts said yesterday, a move which will also benefit the sandwiched class. National Development Minister Mah Bow Tan has hinted that the income ceiling for new build-to-order (BTO) flats could be raised to S$10,000 - from the current S$8,000 - after the General Election. Analysts welcome the...
One set of figures said flats in Aljunied GRC fetched higher resale prices. Now, another set claims flats in Hougang SMC are worth more. Two PhD students have calculated, based on transactions found on the Housing and Development Board's (HDB) website, that flats in Hougang were nearly 4 per cent higher in value than the same type of flats in Aljunied GRC. In contrast, National Development Minister Mah...
he highest price for a five-room flat in April's BTO launches was S$484,000. Will the price of BTO flats reach half a million dollars and more in future? Mah Bow Tan: Depends on the location. If you're building one in Queenstown and in the central area, where land is more expensive, because HDB has to buy the land, it's possible. I think Singaporeans would appreciate that it's not just absolute cost alone...
If the income ceiling for Build-To-Order (BTO) flats is raised, National Development Minister Mah Bow Tan will be watching closely one set of figures: The average incomes of applicants for each flat type. Based on those numbers, he will price the flats within a range they can afford. And in the long term, it will be a price range equivalent to a monthly mortgage within one-third of household income. That...