Will HDB sales of $1million be the norm?

Reports of 3 houses hitting the $900k mark has sparked new apprehenSion whether that will be the norm. Here’s why I don’t think HDB homes won’t cross the $1 Million mark. At least not yet. The bumper crop of BT0s will stabilise the market in 2 to 3 years. Prices have started bottoming out..valuation & [...]

Private homes sales expected to rise even further

Sales of residential private housing in the first half this year are set to beat the second half of 2010. But analysts said that will not prompt the government to introduce more property cooling measures in the short term. However, they noted that the last round of cooling measures may have had an unintended effect [...]

More affordable public housing for Singaporeans

In the 2010 National Day Rally speech earlier, the Singaporean Government has promised to build 22,000 new HDB flats in 2011, up from 16,000 in 2010, to cope with the rising demand for public housing. And to complement this effort, the HDB also aims to complete newly launched projects within a shorter timeframe. “This promise [...]

More flats for sandwiched class

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 [...]

Higher supply of new BTO flats may take heat off resale market: property watcher

Property watchers believe a higher supply of new Build-To-Order flats for 2011 will help to take some heat off the resale market where prices have been hitting record highs. Minister for National Development Mah Bow Tan said the Housing & Development Board is prepared to launch 16,000 new flats next year. They believe that this [...]

At least 16,000 new BTO flats in 2011 for first-time home buyers: Mah

First-time home buyers can look forward to at least 16,000 new Build-To-Order (BTO) flats next year, should demand continue to be strong. The National Development Minister gave this assurance while speaking to reporters after his ministry’s National Day Observance Ceremony Friday morning. Even while recognising the work of the various agencies under the umbrella of [...]

3,200 applicants for Boon Lay Grove BTO flats are first-timer households

3,200 applicants for Boon Lay Grove Built-to-Order (BTO) flats are from first-timer households. These are households which have never bought a flat with housing subsidies – the priority group that BTO sale exercises seek to cater for. Among them, 53 per cent have not applied for any BTO projects in non-mature estates prior to Boon [...]

3 new BTO projects launched offering 2,696 flats

The Housing and Development Board (HDB) launched three new Build-To-Order (BTO) projects in Punggol and Sengkang on Wednesday. The projects are Waterway Terraces in Punggol, Fernvale Foliage and Rivervale Arc in Sengkang. A total of 2,696 flats will be offered. HDB says this is the largest number of BTO flats offered in a single launch [...]

2,300 DBSS flats in pipeline

Flat buyers can look forward to more public housing choices under the Design, Build and Sell Scheme (DBSS). The Housing and Development Board (HDB) on Monday awarded a tender for a site that could yield about 700 DBSS flats in Yishun to Guthrie (DBP) and SK Land for S$148.9 million. HDB will tender another three [...]