SINGAPORE – The resale prices of HDB flats in mature estates fell 0.2 per cent on the month in August, while million-dollar flat sales declined amid a lull due to the Hungry Ghost Month. Overall resale prices posted a 0.5 per cent month-on-month increase, as prices continued to rise 1.2 per cent in non-mature estates,[…]
SINGAPORE – About 10,500 Housing Board flats were completed in the first eight months of 2024, the vast majority of which were in projects that had been delayed due to the Covid-19 pandemic. With the completion of these flats, HDB said that from October 2020 to the end of August 2024, it finished 87, or[…]
The grants and subsidies offered to first-time buyers of both BTO and resale flats keep public housing within the reach of Singaporeans. Housing affordability is a fundamental issue across the world. Singapore is no exception. This is not surprising as basic shelter is one of the prerequisites of life. Every now and then, however, one[…]
SINGAPORE – Around 24,000 seniors across 26 precincts in Singapore will be able to enjoy neighbourhood upgrades like gardens and fitness trails by 2029, to help them age more comfortably in the community. The effort is part of the Housing Board’s new Silver Upgrading Programme (SUP), which focuses on upgrading works in precincts that have[…]
SINGAPORE – Two apartments for the price of one sounds appealing, and condominium developers have been including dual-key units in their new launches for more than a decade. Dual-key units, where they exist, have remained the province of private housing. But for HDB unit owners willing to think outside the box, there are ways of[…]
Condominium rental volume continued its upward trajectory in July, surging 35.1 per cent month on month, while prices rose 0.9 per cent from June. An estimated 8,133 units were rented in July, compared with 6,020 the month before, based on flash estimates released by property portals SRX and 99.co on Aug 20. Rental volume was[…]
SINGAPORE – The latest move to cool the property market will likely dampen demand for resale flats in the short term, but may have limited impact on curbing price growth in the long run, said analysts and property agents. New measures include tightening the loan-to-value (LTV) limit for HDB loans and increasing the Enhanced CPF Housing Grant[…]
SINGAPORE – Perceptions that Housing Board resale prices will continue getting higher are making home buyers anxious to secure a flat regardless of the price, while raising sellers’ expectations about how much their flats can fetch, said National Development Minister Desmond Lee. He flagged this “psychological dynamic” as a factor contributing to rising flat prices,[…]
SINGAPORE – The move to tighten the maximum loan that home buyers can take from the Housing Board is meant to encourage prudent borrowing and dampen demand at the higher end of the HDB resale market, said National Development Minister Desmond Lee. The latest round of property measures, which kicked in on Aug 20, saw the[…]
SINGAPORE – The maximum loan that home buyers can take from the Housing Board to purchase their flats will be tightened from Aug 20, in a move to cool the HDB resale market. HDB will also provide more financial support for first-time flat buyers in the lower-to-middle income brackets, by increasing the Enhanced CPF Housing[…]
SINGAPORE – Singles applying for Build-To-Order (BTO) flats will have priority when buying a home with or near their parents from mid-2025. This is one of the key housing policy changes announced by Prime Minister Lawrence Wong in his National Day Rally speech on Aug 18. Here is what he said about housing during the[…]
SINGAPORE – The vast majority of households which have opted for the Housing Board’s Lease Buyback Scheme (LBS) received between $100,000 and $300,000 in proceeds for selling part of their flat’s lease back to HDB. This was the case for more than 90 per cent of the 12,656 households which have tapped the scheme as[…]