They must sell overseas home within six months of buying HDB flat PEOPLE who own a home overseas will still have to comply with the new rules on property ownership if they want to buy an HDB resale flat. The new rules state that if you buy an HDB resale flat you must dispose of any additional private property within six months of the purchase. That rule also applies to people who own homes offshore....
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One day after unveiling cooling measures, the Government has put 3,032 new flats up for sale - the largest supply of public housing in a single launch to date - and released five residential sites for private homes. The five 99-year leasehold plots is expected to yield a total of 2,045 units. Yesterday, the Government announced that under the Build-To-Order (BTO) system, 1,408 new flats will be offered...
Despite friends' dissuasion, journalist buys Choa Chu Kang HDB penthouse at whopping $755,000. YES, I paid $100,000 in cash-over-valuation (COV) for my HDB flat. No, I did not mistakenly add an extra zero to that figure. "Gila" (crazy in Malay), said one friend. Totally exorbitant, chided another. But I have only one question: How much would you pay for the home of your dreams? I don't just mean a flat...
String of steps to douse speculation; prices and sales of mass-market private homes may be hit The Prime Minister had hinted on Sunday that major moves were afoot to cool the property market. Even so, when the Ministry of National Development (MND) spelt out the measures yesterday, several market-watchers did a double-take. Many of them expect private home prices and sales to be hit. Of all of MND's new...
The Housing and Development Board (HDB) put up for sale 3,032 flats Tuesday. This is the largest supply of flats in a single launch to date. 1,408 new flats in Yishun will be offered under the Build to Order (BTO) system. The project is known as the Yishun Riverwalk, and its flats are located at the cross-section of Yishun Ring Road, Yishun Street 31 and Yishun Avenue 6. The units range from studio...
The slew of measures introduced by the Government yesterday appears aimed at the property market speculator and should provide some relief to the genuine home-buyer from sky-high prices. Developers, while openly welcoming the measures, will surely be cursing under their breath. Also rumbling will be those holding property stocks which will take a little beating, especially initially. True, the measures...
The Housing and Development Board (HDB) will increase the Minimum Occupation Period (MOP) of non-subsidised flats from three to five years. It said this will reinforce the message that flats are meant for long-term occupation and dampen demand from those who are not in urgent need of housing. Buyers of these flats will also be banned from concurrently owning both an HDB flat and a private residential...
Announcement on private property today Some 22,000 Build-To-Order (BTO) flats - over a third more than this year's supply - will be pushed out next year. And this was not the only piece of pleasant news for flat seekers yesterday: The Government will also widen public housing choices for the "sandwiched group", those who earn a monthly income of between $8,000 and $10,000. Yesterday, Prime Minister Lee...
There are two methods through which one can buy an Housing Development Board (HDB) flat: Either purchase a new flat directly from the HDB, or a resale flat on the open market. A new flat from HDB tends to be much cheaper than resale flats in the same area due to subsidies from the HDB. For example, a four-room flat in the recently announced Senja Gateway development in Bukit Panjang is priced at $242,000...
National Development Minister Mah Bow Tan has assured Singaporeans the Housing and Development Board (HDB) will continue to monitor the resale flat market closely. This is to see if additional measures are needed to maintain a healthy and stable property market. In a written reply to questions in Parliament Monday, Mr Mah stressed that HDB flats are intended for long-term owner occupation. He noted that...