New HDB rules may hit young buyers more

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[…]

More HDB resale flats sold in April

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[…]

Younger HDB buyers likely to be more prudent: Observers

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[…]

Rules on HDB housing loans, CPF usage updated

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[…]

HDB resale prices dip 0.3% in Q1

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[…]

24 allegedly housed in four-room HDB flat

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[…]

More ageing HDB flats to be chosen for upgrading in 2020

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[…]

HDB flat resales down after rise in Jan

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[…]