hdb

The Government is set to make changes to CPF usage rules for older flats by May this year, said Minister for National Development Lawrence Wong on Thursday (Mar 7). Mr Wong made the announcement in his Committee of Supply speech, saying that while the CPF rule is intended to safeguard the retirement adequacy of buyers who purchase older flats, its design has led to some "unintended...

The Step-Up CPF Housing Grant (SUHG) will be expanded as part of a slew of measures to support more lower-income families living in public housing, said Minister for National Development Lawrence Wong on Thursday (Mar 7). "Several members have asked if MND (Ministry for National Development) can do more to help these families own their own homes," Mr Wong said in Parliament during his Committee of...

The Housing and Development Board (HDB) will set up a team dedicated to helping rental households attain eventual home ownership, said Senior Parliamentary Secretary for National Development Sun Xueling on Tuesday (Mar 5). Speaking during the Building a Society of Opportunities joint segment during the Committee of Supply debate, Ms Sun said that the Home ownership Support Team (HST) will provide...

Singapore's first new-generation neighbourhood centre officially opened in Punggol on Sunday (Feb 17), offering residents access to a variety of amenities ranging from a supermarket, a food court, a 24-hour fitness centre as well as various shops and food and beverage outlets. The seven-storey Oasis Terraces, located next to Oasis LRT and facing Punggol Waterway, is also the first neighbourhood centre...

Older Housing and Development Board (HDB) flats depreciate at a much slower rate compared to private residential properties, a study showed. The study, done by the National University of Singapore (NUS), found that while the public housing units and the private non-landed units declined in value at the same rate for the first 10 years, there was significant difference in the rate at which their prices...

From about the middle of this year, homebuyers in a hurry will be able to apply for a flat online all year round and make a booking by the next working day. These are flats that have not been picked up after the biannual Re-offer of Balance Flats (ROF) exercises, which typically take place in February and August. Announcing this in a blog post on Thursday (Feb 7), National Development Minister...

More HDB flats changed hands in January compared to December - a change in direction for the first time since last July's cooling measures. In all, 1,560 HDB resale flats were sold last month, 8.8 per cent more than in December, according to flash estimates from real estate portal SRX on Thursday. It was also 43 per cent more than the 1,091 units sold in January 2018. Resale prices compared to...

Private home prices in Singapore rose 7.9 per cent in 2018, compared with a 1.1 per cent increase the previous year, said the Urban Redevelopment Authority (URA) on Friday (Jan 25), confirming flash estimates announced earlier this month. Private home prices fell by 0.1 per cent in the fourth quarter of last year, compared with the 0.5 per cent increase in the third quarter. URA revised its estimates...

About 900 HDB flat buyers cancelled their BTO flat bookings last year said National Development Minister Lawrence Wong in Parliament on Tuesday (Jan 15). Responding to a question from Member of Parliament Ang Wei Neng, Mr Wong revealed that 25 per cent of these flats were 2-room Flexi or similar flats, 15 per cent were 3-room flats, 38 per cent were 4-room flats and 22 per cent were 5-room flats. He...

The number of Housing Board flats that changed hands in December 2018 was 23.9 per cent lower than in November, a bigger fall than a year ago, according to flash data from real estate portal SRX on Thursday. This was the fifth straight month of decline in volume of sales since July’s cooling measures which included a tightening of loan limits. While December is typically the slowest month of the...