Joint tenderers Emerald Star and FC Retail Trustee have submitted the highest bid of S$1.021 billion for a mixed commercial and residential site at Punggol Central/Punggol Walk. The Housing and Development Board (HDB) received a total of seven bids at the close of its tender on Tuesday. The 29,999 square metre site is being offered for sale on a 99-year lease. It has a maximum gross floor area of...
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Unmarried Singaporean and Permanent Resident (PR) siblings whose parents live overseas can no longer buy a new or resale HDB flat, from Monday. The government said they can either rent a room or a small flat from the open market. It said with the liberalisation of the subletting market for HDB flats over the years, the Citizen-Singapore PR sibling scheme, introduced since 1990, is now no longer...
It was their third time balloting for an HDB flat. So, the administrative executive and her fiance were overjoyed when they were given a queue number for the Sale of Balance Flats (SBF) exercise last August to select a flat in Punggol. Early last month, however, the couple still had not received a selection date for a flat and were getting worried. "We were frustrated because we were logging on every day...
The government will be redeveloping three blocks at Clementi Ave 5 that are more than 30 years old, under the Selective En Bloc Redevelopment Scheme (SERS). They are blocks 321, 322 and 323 which comprise 374 flats. To rehouse the residents, the Housing Development Board (HDB) will build 500 units of new two- to five-room replacement flats at Clementi Avenue 3. The new flats are expected to be completed...
The Housing Board of Development (HDB) said its latest survey among HDB residents offered the Selective En Bloc Redevelopment Scheme (SERS) revealed continued strong support for the scheme. Among the 949 households surveyed, close to 95 per cent expressed support for SERS. This is the highest level of support since HDB started the bi-annual survey in 2001. The survey showed that residents are happy that...
The three latest Build-To-Order (BTO) projects by the Housing Board Development in Bukit Batok and Yishun are not seeing the same level of interest as the previous project in Punggol. With hours to go to the close of applications, the three projects have received on average close to two applicants for each unit offered. In contrast, the Punggol Topaz BTO project had nearly seven applicants for each unit...
Prices of HDB resale flats rose by 2.5 per cent in the last three months of 2010, the lowest quarterly growth for the year. This brings the full year's price increase to 14.1 per cent. According to the latest housing data released by HDB, the total number of resale transactions fell to about 32,260 last year, a 13 per cent drop from 2009. The median cash-over-valuation (COV) fell to S$23,000 in the...
The Housing and Development Board is launching the tender for the sale of land at Clementi Avenue 4 under the Design, Build and Sell Scheme on January 26. The tender will close at 12 noon on March 8. The site area is 21,906.5 square metres and about 770 units can be built on the site. The lease term is for 103 years, including a 48-month construction period. The site is located in Clementi New Town,...
HDB is launching three BTO projects on Tuesday - Golden Daisy in Bukit Batok, Orchid Spring @ Yishun and Vista Spring @ Yishun. A total of 1,728 standard flats will be offered, comprising 180 studio apartments, 192 units of two-room, 252 units of three-room, 828 units of four-room and 276 units of five-room flats. 95 per cent of the flat supply, excluding Studio Apartments, will be set aside for...
The Housing & Development Board (HDB) will launch three residential sites on Friday. It said the 99-year leasehold sites can yield a total of about 1,670 housing units. The sites are in Bishan Street 14, the junction of Sengkang Square & Compassvale Road, and Choa Chu Kang Drive. The sites are being offered as part of the Government Land Sales Programme for the first half of this year. HDB said...