HDB resale flat prices edge up 0.7% in Feb: SRX

But fewer transactions last month compared with Jan, property portal’s flash data shows The Housing Board resale market remained robust last month despite experiencing a seasonal dip from January. Fewer HDB flats changed hands last month compared with January, as prices inched up by 0.7 per cent. In all, 1,668 HDB resale flats were sold[…]

New hospital in the east; Alexandra to be expanded

Integrated hospital and first phase of Alexandra redevelopment should be ready by around 2030 More hospitals and polyclinics, innovative models of treating patients and use of artificial intelligence are in the pipeline as the Government aims to provide medical care in the face of rising demand from an ageing population, Health Minister Gan Kim Yong[…]

Parliament: HDB to scrap Re-Offer of Balance Flat exercises; single unwed parents can buy new 3-room flats in non-mature estates

SINGAPORE – To help home buyers access flats more quickly, the Housing Board will scrap the existing Re-Offer of Balance Flats (ROF) exercises. All unsold Build-To-Order (BTO) flats will first be offered through Sale of Balance Flats (SBF) exercises, and those that remain unselected will be directly offered for open booking, instead of going through[…]

Frasers Property rolling out support package for mall tenants

Another big Singapore landlord has announced measures to help tenants of its malls cope with the business impact of the coronavirus outbreak. Frasers Property Retail is introducing a tenant support package across its 14 malls here, it said in a media statement yesterday. As part of the package, Frasers will pass on to tenants the[…]

What Covid-19 does to already fragile residential market

On Feb 19, Deputy Prime Minister Heng Swee Keat told Bloomberg TV that the Government has no plans to ease property cooling measures. “It is not on our radar at this point because we need to make sure that we stabilise the economy and we address long-term structural issues,” he said. This is understandable, given[…]

More 2-room flats in 3 non-mature towns

Units in Woodlands, Choa Chu Kang, Tengah available at next BTO exercises More two-room Build-To-Order (BTO) flats will be offered in the non-mature towns of Choa Chu Kang, Tengah and Woodlands. This comes as 15,700 singles secured homes following a 2013 rule change which allowed singles aged 35 and above to buy new flats as[…]

Wing Tai sells 70% of The M over launch weekend

SINGAPORE (THE BUSINESS TIMES) – Wing Tai Asia sold 70 per cent or over 360 units of its latest condominium project, The M, over the weekend, even amid the ongoing Covid-19 outbreak. Units were sold at an average price of $2,450 per sq ft. The M is the first major private residential development opened for[…]