HDB launches first of its new neighbourhood centres

Centre in Punggol developed by HDB after taking in residents’ feedback The first of a new generation of neighbourhood malls, developed by the Housing Board with the feedback of residents, has opened in Punggol. Oasis Terraces, a seven-storey mall next to Oasis LRT station, has more open spaces for people to gather and a tenant[…]

HDB launches 3,739 flats in first sales exercise of the year

The first Housing Board sales exercise this year includes two projects in Kallang/Whampoa, which experts expect to be popular despite having prices that are just shy of those of resale flats in the area. A new four-room flat in the mature estate costs $598,000 on average, only 7.4 per cent cheaper than the average price[…]

3,500 upgrade from rental flats to owning homes

Most bought smaller units with govt grants in past 6 years For five years, delivery driver Mohammad Suhaimi Junaini, his wife and their two daughters aged six and two called a rental flat in Telok Blangah home. Last September, the 32-year-old and his family moved to a three-room flat in Jurong West. Mr Suhaimi, who[…]

HDB resales up for first time after cooling measures

8.8% more flats resold last month compared with Dec; may signal sellers’ acceptance of tighter property rules More Housing Board flats changed hands last month compared with December, the first increase in HDB resale transactions since last July’s cooling measures. In all, 1,560 flats were resold last month, 8.8 per cent more than in December,[…]

Is there a more permanent solution than Vers for HDB flats?

How about having freehold units with buyback clause at end of 99 years? The Voluntary Early Redevelopment Scheme (Vers) that will allow home owners to vote on whether to sell their Housing Board flats to the Government once the leases on the apartments near their end was arguably the most significant policy announced last year.[…]

900 flat buyers cancelled BTO bookings in 2018

Lawrence Wong: Such flats to be sold in sale-of-balance exercises About 900 flat buyers cancelled their Build-To-Order (BTO) bookings with the Housing Board last year because they could no longer afford the unit, changed their minds about moving or had bought a resale flat. Of the cancelled bookings, 38 per cent were for four-room flats,[…]

HDB resale transactions slide for fifth straight month

The number of Housing Board flats that changed hands last month was 23.9 per cent lower than in November, a bigger fall than a year ago, flash data from real estate portal SRX showed yesterday. This was the fifth straight month of decline since the cooling measures announced by the Government in July, which included[…]

HDB resale flat prices fell 0.9% last year

Price decline more gradual than in 2017; 2018’s fourth quarter saw 0.2% price drop Housing Board resale flat prices edged down 0.2 per cent in the fourth quarter of last year, resulting in a full-year price drop of 0.9 per cent, according to HDB’s flash estimates released yesterday. This means the price decline last year[…]