The first executive condominium (EC) development launched in over five years has received strong response in the market. Applications for the Esparina have been oversubscribed by at least two times, according to developer Frasers Centrepoint who is unable to give exact figures. Executive condos are a hybrid of public and private housing. New units have the same restrictions as public housing, but these...
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The Housing & Development Board (HDB) said it would release on Wednesday two Executive Condominium (EC) sites for sale under the confirmed list of the second half of 2010 Government Land Sales Programme. Potentially yielding more than 1,000 dwelling units, these two EC sites will offer property buyers more housing choices. The first new EC site is located in Tampines Town near many facilities and...
The Housing and Development Board (HDB) was presented with the United-Nations Habitat Scroll of Honour Award in Shanghai on Monday. HDB chairman James Koh Cher Siang and Cheong Koon Hean, CEO of HDB, received the Award. The UN-Habitat conferred HDB the award for "providing one of Asia's and the world's greenest, cleanest and most socially-conscious housing programmes". Mr Koh said the award was an...
Frasers Centrepoint Homes is launching its Esparina Residences executive condominium project next Friday. The 99-year leasehold property in Compassvale Bow is a short walk from the Buangkok MRT Station. It consists of 573 units, ranging from 829 sq ft for a two-bedroom unit to 2,583 sq feet for a four-bedroom penthouse. Prices range from $590,000 to $723,000 for a two-bedroom unit; $697,000 to $981,000...
The Housing and Development Board (HDB) has closed the tender for a residential site at Pasir Ris Drive 3 and Drive 4 after receiving four bids. The highest bid came from joint bidders FCL Topaz and F.E. Lakeside which bid S$151 million. That translates to about S$335 per square foot per plot ratio. Li Hiaw Ho, executive director of CBRE Research, said the quantum of the bids indicates that the...
The Housing & Development Board (HDB) has been conferred the 2010 UN-Habitat Scroll of Honour Award. The award, launched by the United Nations Human Settlements Programme in 1989, is currently the most prestigious human settlements award in the world. The aim of the award is to acknowledge initiatives which have made outstanding contributions such as shelter provision, leadership in post conflict...
The Housing & Development Board (HDB) will release two residential sites at Woodlands and Serangoon on Wednesday. The two sites at Woodlands Avenue 1/Woodgrove Avenue and Upper Serangoon Avenue can potentially yield about 805 dwelling units. HDB said the two sites will offer home buyers with more housing choices. The Woodlands site, which is near the Woodlands MRT and regional bus interchange, has...
HDB has launched two new Build to Order (BTO) projects in Woodlands. A total of 1,329 flats will be offered by the two projects - Woodlands Dew and Woodlands Meadow. 779 flats will be four and five-room units. 95 per cent of the flats will be set aside for First-Timers. Flats in Woodlands Dew will cost between $78,000 for a two room unit to $280,000 for a four-room flat. Flats in Woodlands Meadow will...
Following the recent Government measures to curb property speculation, some buyers have forfeited their booking fees on their planned purchases in anticipation of a dip in property prices. In the HDB resale market, anecdotal evidence has shown early signs of price moderation, in particular the cash-over-valuation component, as the expectations of buyers and sellers change. If HDB prices were to moderate,...
The National Development Ministry said prices of resale Housing Development Board (HDB) flats are determined by many factors, and that the Ethnic Integration Policy (EIP) is only one of them. Since 1989, there have been ethnic quotas in HDB estates to prevent racial enclaves from forming. The ministry said as of September, only 14 per cent of 162 neighbourhoods have reached their quota limits. It added...