Some old Housing Development Board (HDB) blocks scheduled for demolition under a redevelopment scheme are enjoying an extended lease of life as temporary housing for the needy or as rental flats fetching market rates. According to new figures released by the HDB to The Straits Times, approximately 2,200 units, or about six percent, of the 35,000 flats in 25 blocks chosen for the Selective En bloc...
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Since the Interim Rental Housing (IRH) scheme was introduced in January 2009, about 1,600 families have benefited from it, said Senior Parliamentary Secretary of the Ministry of National Development, Dr Mohamad Maliki Osman. Of these, about 430 families have moved out of the IRH scheme into longer-term living arrangements, such as public rental flats. Another 430 families will be moving to home-ownership...
The Housing & Development Board (HDB) has launched three Build-To-Order (BTO) projects comprising 1,593 standard flats. Two of the projects - Fernvale Flora and Fernvale Gardens - are located in Sengkang. The third, Segar Vale, is in Bukit Panjang. Units in Segar Vale cost between S$83,000 and S$354,000 while the units at the two Sengkang BTO projects cost between S$88,000 and...
The Housing and Development Board (HDB) has received a total of 19 bids for the residential land parcel at Bishan Street 14 at the close of its tender on Thursday. Bishan Residential Development submitted the highest bid of S$550.1 million for the site. The 11,997 square metre land parcel is meant for condominium housing development and is being offered for sale on a 99-year lease. It has a maximum...
In January, National Development Minister Mah Bow Tan announced that the Government was considering tougher measures to deter first-time HDB flat buyers from repeatedly not selecting a flat when invited to do so. Under the current rules, applicants who reject a chance to select a flat twice will have their first-timer priorities removed for a period of one year - meaning they will be given one ballot...
The Housing & Development Board (HDB) will on Wednesday launch two sites at Bendemeer Road/Whampoa East and Tampines Central 7 for sale. The sites are under the confirmed list of the first half 2011 Government Land Sales (GLS) Programme. The condominium site at Bendemeer Road/ Whampoa East has a 99-year lease and can accommodate 780 units. It is within walking distance of the Boon Keng MRT station...
Low-income Singaporean families will receive more financial help to buy their first home from this year's Budget. The government will introduce a Special CPF Housing Grant (SHG) to help low-income families purchase a Build-to-Order (BTO) flat for the first time. The SHG will be provided to families who earn up to S$2,250 per month. This is on top of the S$40,000 Additional CPF Housing Grant (AHG) to...
The Singapore government said it will spend S$10 billion to upgrade homes and rejuvenate estates over the next 10 years. Finance Minister Tharman Shanmugaratnam said this is a major effort to preserve the value of HDB flats. Up to S$55,000 will be invested in each flat under the Home Improvement Programme (HIP), Neighbourhood Renewal Programme (NRP) and Lift Upgrading Programme (LUP). Around 50,000 flat...
The Housing and Development Board (HDB) has launched a new issuance of notes under its S$7 billion Medium Term Note Programme. The issuance comprises a S$320 million, 5-year Fixed Rate Note issue with a coupon of 2.0225 per cent per year. The issued notes will be in denominations of S$250,000 and will be offered by way of placement to investors. Application is being made for the listing of the notes on...
The government handed out S$322 million to eligible households under the Additional Housing Grant (AHG) Scheme since it was enhanced two years ago. The grant can be used to buy either a new flat from the Housing & Development Board (HDB) or a resale flat from the open market. In fresh figures released to Channel NewsAsia, HDB said 16,100 households have benefited since the changes. But with growing...