The developer of Singapore's newest executive condominium said the latest round of property cooling measures have hit sales. The Austville Residences in Sengkang has sold about 20 per cent of its 540 units. It was hot property before the measures were announced last Thursday. A long line of potential home buyers queued overnight to secure their choice unit on the first day. But the cooling measures...
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Executive condominiums continue to see strong demand from home buyers who have been shut out of the public housing market until recently. Austville Residences in Sengkang, the latest development for sale and the fourth EC to have been launched after a five-year hiatus, had a queue of some 150 home buyers and their families forming even before doors opened for booking yesterday morning. One reason: A...
More than 100 prospective home buyers formed a line outside Austville Residences before doors opened on Thursday morning. The Executive Condominium (EC) in Sengkang uses a first-come-first-serve system to allocate units unlike the last three EC projects which used balloting. The first couple in line, who declined to be interviewed, said they arrived at 3pm on Wednesday. Austville has a total of 540...
A typical Build-To-Order (BTO) project comprising five blocks of not more than 20 storeys took an average 32 months to complete in the last two years. Based on this, the HDB is confident that its contractors will be able to build and deliver most of the flats in about 2.5 years or 30 months, without compromising quality and structural safety. This is according to National Development Minister Mah Bow Tan...
The Housing and Development Board (HDB) says that a plot of land that went up for sale at Yuan Ching Road has been sold. The site was awarded on Monday to joint bidders Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and SC Wong Holdings Pte Ltd, at the tender price of S$131.6 million. The tender for the 21,199.7 square-metre site was launched on November 16 last year and it will be used for public...
Austville Residences is proving to be a popular executive condominium. More than 200 applications have been received for the executive condominium, as at 5pm Saturday. A total of 540 units are available. Even before the showflats were opened at 9am Saturday, about 50 people were already waiting in line. Applications are on a first-come-first-serve basis. Austville Residences, located along Sengkang...
The Housing and Development Board (HDB) is launching a residential site for sale by public tender under the Reserve List System. The site is located at Bishan Street 14 and is slated for development as Condominium Housing. The area is around 12,000 square metres in size, with a maximum gross floor area of some 58,000 square metres. It has a lease term of 99 years and would be able to accommodate 590...
The Housing and Development Board's (HDB) latest public housing project, Punggol Topaz, is a hit with home buyers. As at 5pm on Tuesday, it received 6,846 applications for the 1,010 units available. This works out to nearly 7 applications for each unit offered. Applications close at midnight. But the strong demand for new flats is proving to be a continuing problem for those in search of their first...
Prices of HDB resale flats rose almost 14 per cent last year following a moderate 2.4 per cent increase in the three months to December. The latest quarterly increase was about half the pace of the four per cent increase seen in the three months to September. The resale volume also declined by about 21 per cent in the last quarter, to about 6,500 transactions logged. Meanwhile, the cash that property...
HDB resale flats prices are still rising despite the falling cash premiums demanded by sellers. Data obtained by The Straits Times from three major property agencies showed overall median prices climbing across almost all flat types in November, compared to HDB's latest third quarter statistics. This is despite Government measures introduced on Aug 30 to cool Singapore's red-hot public housing market,...