The Housing and Development Board has awarded the residential land parcel at Choa Chu Kang Drive to Camborne Developments. The developer had submitted the highest tender price of S$170.1 million out of the six bids for the site that is proposed for executive condominium (EC) housing. The 17,590 square metre site was launched for sale on January 21 and closed on March 22. The 99-year leasehold site has a...
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The Housing and Development Board (HDB) is launching the tender for a residential site at Buangkok Drive/Sengkang East Drive on Wednesday. The site, which is slated for condominium development, can potentially yield 550 dwelling units. It is being released for tender under the Confirmed List of the 1st Half 2011 Government Land Sales Programme. Located to the east of Sengkang New Town, residents there...
HDB has launched two new Build-To-Order projects, Boon Lay Fields in Jurong West and Compassvale Ancilla in Sengkang. A total of 1,527 new flats are being offered. Prices at Compassvale Ancilla range from S$77,000 for a studio apartment to S$444,000 for a five-room flat. Flats at Boon Lay Fields sell for between S$168,000 for a three-room unit and S$391,000 for a five-room flat. The application period...
The Housing and Development Board (HDB) has received six bids for the land parcel proposed for executive condominium (EC) housing at Choa Chu Kang Drive. The 49,250 square metre site was launched for sale on January 21 and closed at noon on Tuesday. The highest bid came from Camborne Developments at S$170.1 million, followed by a joint bid of S$159 million by FCL Tampines Court and Keong Hong...
The Housing and Development Board (HDB) has received nine bids for a residential site at Sengkang Square/Compassvale Road at the close of tender on Tuesday. The highest bid came from Keppel Land Realty at S$286.8 million. This translates to about S$502 per square foot per plot ratio. The next highest bid of S$274.3 million was submitted by joint bidders Sunmaster Holdings, Garden Estates and TID...
The Housing and Development Board (HDB) has closed the tender for a residential site at Clementi Avenue 4 after receiving 11 bids. "This is the highest number of bids submitted since the Design, Build & Sell Scheme started in 2006," said Nicholas Mak, executive director of the research & consultancy department at SLP International Property Consultants. The highest bid of S$224 million came from...
The waiting time for rental flats has been shortened from 21 to eight months. But for households which fall through the cracks, could more be done to help them own a flat, asked Members of Parliament yesterday. Such households include those too poor to buy an HDB flat but who earn too much to qualify for rental housing, or those who sold off their flats and no longer qualify for subsidised loans. Madam...
The Singapore government has announced more help for low-income families own their first flat. From Thursday, families earning up to S$2,250 a month can now look forward to a Special CPF Housing Grants (SHG). The SHG was first announced by Finance Minister Tharman Shanmugaratnam in his Budget speech. Those with household incomes of up to S$1,500 dollars will get the maximum S$20,000 in SHG. National...
National Development Minister Mah Bow Tan has announced measures to benefit first-time flat buyers. There will be an increase in supply of flats this year. Mr Mah said if demand sustains, the Housing & Development Board (HDB) will offer up to 22,000 Build-to-Order (BTO) flats for the entire 2011. For the first half of this year, HDB will offer 14,000 new BTO flats. This is comparable to the BTO...
National Development Minister Mah Bow Tan announced on Thursday that the pace the Home Improvement Programme (HIP) will be increased. The number of HIP projects had doubled from 7 to 14 over the last two years. And HDB will increase it to 28 projects next year. The pace will be further increased to 35 projects a year by 2014. At this pace, about 60 per cent of eligible precincts can be offered HIP over...