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 & [...]

Prices rise for HDB?

* Higher price indicataed by increase by 4%,but before measures kick in,and submissions before Aug31st *Monthly resale transaction in Sepetember declined by 25%, compared to August *Prices of house will keep increasing slowly,albeit a lower COV *Property prices are expected to stabilise in 2011 *More flats are expected to be built,upto 22,000

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 [...]

Buying an HDB flat – Resale or brand-new?

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. [...]

HDB resale prices rising faster

The rise in Housing Board resale flat prices is accelerating again – after taking a slight breather early this year. Preliminary estimates released by the HDB yesterday show resale HDB flat prices rose 3.8 per cent to a fresh record in the second quarter compared to the first quarter. This is the eighth straight quarter [...]

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 [...]

HDB to put up 3 residential sites for sale on Thursday

The Housing and Development Board (HDB) is launching three residential sites at Hougang, Punggol and Pasir Ris for sale on Thursday. The three sites at Hougang Avenue 7, Punggol Drive/Punggol East and Pasir Ris Drive 3/Pasir Ris Drive 4 can potentially yield about 1,260 dwelling units, of which about 485 are Executive Condominium (EC) units. [...]

HDB resale market hits a new high

Prices of HDB resale flats have hit a new high in the second quarter of this year. According to the latest statistics released by the Housing Development Board (HDB), the resale price index in the second quarter this year rose 4.1 per cent over the previous quarter, compared to the increase of 2.8% in the first quarter [...]