Changes to CPF sum they can use on older flats could mean needing to pay more in cash Some young buyers are already walking away from homes they were hoping to buy, after changes to how much of their Central Provident Fund (CPF) monies can be used to buy ageing Housing Board flats kicked in[…]
SINGAPORE – The volume of Housing Board (HDB) resale flats rose by 16.5 per cent in April, while prices eased slightly. According to flash estimates from real estate portal SRX Property on Thursday (May 9), 1,931 resale flats were sold in April, up from 1,657 transactions the month before. Last month’s volume also marked a[…]
The volume of Housing Board (HDB) resale flats rose by 16.5 per cent last month, while prices eased slightly. According to flash estimates from real estate portal SRX Property yesterday, 1,931 resale flats were sold last month, up from 1,657 transactions the month before. Last month’s volume also marked a 4.3 per cent increase compared[…]
Policy changes will probably nudge such buyers towards BTO or newer resale flats Younger people may not be able to get as much in Central Provident Fund (CPF) monies or Housing Board loans to buy ageing flats, but they still benefit from policy changes announced yesterday, observers said. “The younger generation might not be thinking[…]
Buyers can use more from CPF, get bigger HDB loans if lease covers them till age 95 As society ages, there is a risk that some people could outlive their home leases. Rules have now been updated to strike a balance between giving property buyers more flexibility, while ensuring their leases are long enough and[…]
SINGAPORE – Despite lingering concerns about their depreciating value, and some adverse impact from the latest cooling measures, older HDB flats in Singapore are still in demand, according to a study by property consultancy OrangeTee & Tie. For the first quarter this year, 628 older flats – that is, those more than 40 years old[…]
SINGAPORE – Housing Board (HDB) resale flat prices dipped 0.3 per cent in the first quarter of 2019 compared with the quarter before, according to the latest HDB flash estimates released on Monday (April 1). The resale price index was 131, down from the 131.4 in the fourth quarter of 2018. The final figures, with[…]
Three double-decker beds crammed into a bedroom in a Housing Board flat, with clothing hanging haphazardly from the beds and ceiling and barely any space to move around. These were the conditions that lodgers in an overcrowded four-room flat at Block 403 Pandan Gardens allegedly had to endure. Chinese-language newspaper Shin Min Daily News reported[…]
But it is a grey area for private home owners, who may do so under certain conditions Need more living space? Property prices have gone through the roof, so buying a bigger place might be out, but why not add a few mezzanine floors in your existing home? That is what the owner of a[…]
Ageing public housing towns will remain liveable as the Housing Board begins choosing a second batch of flats for upgrading works in 2020. These Home Improvement Programme (HIP) flats will come from among the 230,000 homes built between 1987 and 1997, Minister for National Development Lawrence Wong said yesterday. Town councils will be invited to[…]
Housing Board resale transactions resumed the downtrend amid the Chinese New Year lull last month, after chalking up the first month-on-month increase in sales in January since last July’s cooling measures. Last month, 1,313 HDB resale flats changed hands, 15.8 per cent down from January, according to flash estimates from real estate portal SRX Property[…]
In the 1980s and 1990s, housewife Leong Lye Chan, 57, would squint hard while walking along the dark and gloomy corridors of the HDB block where she rents a flat. She would perspire as she waited in the muggy corridors for her son after school. In 2004, both ventilation and lighting at Madam Leong’s Block[…]