The Housing & Development Board (HDB) has launched another Build-To-Order (BTO) project - the Punggol Topaz with 1,010 standard flats - in Punggol. HDB said 95 per cent of the flat supply would be set aside for first-timer households. With the launch on Wednesday, HDB would have offered a total of 17,713 new flats for sale under the BTO and Sale of Balance Flat exercise in 2010. Punggol Topaz,...
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The Housing and Development Board (HDB) has reached a milestone in its 50-year history, with the completion of its one millionth flat. With the completion of Treelodge@Punggol's 709 units, HDB has for the first time crossed the one-million milestone in its home-building programme. On Sunday, the keys to the one-millionth flat were handed over to the couple - Mr Wang Weiji and his wife, Christina Ng. The...
Buyers can hold the key to landing an affordable HDB resale flat. After many young couples hit the roof over prices scaling new heights, the government came up with a slew of measures that have since reined in prices. The public and private housing markets were success stories this year as Singapore emerged from the financial crisis. The HDB's annual report for the year ended March showed 39,320 resale...
Singapore's public housing has gone green. Treelodge@Punggol is the first public housing project to attain the Building and Construction Authority's (BCA) Green Mark Platinum Award given to energy- and water-efficient buildings. The newly completed eco-precinct Treelodge@Punggol marks a milestone for the Housing & Development Board (HDB). Much of the eco-features are on the rooftop. The 'green' roof...
HDB flats throughout Singapore could be completely powered by sunlight in future. With the first phase of HDB's largest solar power project finally complete, three neighbourhoods can now rely on the sun for 80 per cent of their electricity. And HDB hopes to improve that figure to 100 per cent. Some HDB blocks in Bukit Panjang have each been installed with 30 to 35 kilowatt peak solar panels. From...
More than 270 units of the Prive - the third executive condominium project launched this year - have been taken up by Friday evening. Prior to the start of balloting, analysts have already been expecting a good turnout for the project which is located near the Punggol MRT. They said the 680 two- to four-bedroom units offered will appeal to buyers known as the "sandwiched class". The project was launched...
Signs have emerged that the Government's cooling measures are having an impact on the property market. According to National Development Minister Mah Bow Tan, home buyers are paying lower cash premiums for Housing Board resale flats, and fewer resale transactions are taking place now. The median cash-over-valuation (COV) amount for HDB resale flats dipped to $22,000 last month, from $25,000 in...
Developers can continue to offer the deferred payment scheme (DPS) for executive condominiums (ECs) because eligibility and ownership rules keep speculation in such projects at bay. The Urban Redevelopment Authority (URA) said that ECs 'are different from other private residential developments' as they are meant for owners to live in and are subject to eligibility criteria and ownership conditions. For...
The cash premium that home buyers have to pay upfront for HDB resale flats has continued to slide in November, said National Development Minister Mah Bow Tan. In an exclusive interview with Channel NewsAsia, Mr Mah said the median cash-over-valuation (COV) was S$22,000 last month, down S$3,000 from October. This is the second straight month that COV has come down, a further sign that the property cooling...
Singapore's latest executive condominium (EC) saw a strong turnout of potential home buyers on the first day of its launch. Market watchers predict the Prive will be popular because of the renewed interest in this type of housing. Executive condos are a hybrid of private and public housing which made a comeback this year after a five-year hiatus. Located near Punggol MRT station, Prive is priced at $660...