Philip Chua Business Blog

Posts Tagged ‘HDB’

THE Housing Board has released 1,534 flats at two new projects, in the latest move to allay widespread fear of a public housing shortage.
Yesterday, it launched 750 build-to-order (BTO) units in Punggol and 784 in Woodlands. A further 1,000 BTO flats in Sengkang and Sembawang are slated for launch next month.
The launches are in line with the HDB’s plan to offer an islandwide spread of 7,000 BTO f… more

THE Housing and Development Board (HDB) yesterday launched four new build-to-order (BTO) projects – including two highly anticipated developments in Queenstown – bringing the total supply of BTO units to 13,500 this year.
2,670 new units are being offered in the latest BTO exercise – the largest number of flats at any one launch in recent years, HDB said.
The Queenstown projects are SkyVille@Dawso… more

(SINGAPORE) The number of new private homes sold in November fell 26 per cent month-on-month to 600 – the fourth straight monthly fall since July’s peak.
November sales were also the lowest since January, when just 108 units were sold.
Analysts say the month by month decline is due to cooling interest among mass-market buyers – typically HDB upgraders – as prices in this segment have climbed since… more

A PROPOSAL to ban property agents from representing both the seller and buyer in the same transaction has generated strong public interest – with many giving the idea the thumbs up.
This practice, widespread in the HDB resale market, leaves the agent with a clear conflict of interest.
But there is likely to be resistance from some agents who stand to lose commissions if it is implemented.

The pr… more

(SINGAPORE) HDB upgraders account for a shrinking share of private home transactions as property prices rise and mass-market launches taper off.

In contrast, private housing dwellers are buying more property as economic sentiment improves, keeping the real estate market afloat.
According to property consultancy DTZ, buyers with HDB addresses picked up 4,0… more

(SINGAPORE) Inflation is now expected to be higher in 2010, as a result of increased Housing and Development Board property values.
The government has revised its consumer price index (CPI) inflation forecast to between 2.5 and 3.5 per cent, from a one to 2 per cent range previously.
This is to account for the Inland Revenue Authority of Singapore’s recent revision of annual values of HDB properti… more

THESE days, both the Housing Board (HDB) and home buyers seem to be grappling, in their different ways, with statistics.
First-time home seekers have complained in recent media reports and in letters to The Straits Times’ Forum page that it is tough to get a new HDB flat. Some said they had failed to get a home despite trying as many as 18 times.
The HDB responded recently by releasing its own rec… more

THE Housing Board (HDB) has been swamped by 20,691 applications for 2,132 completed or near-completed flats – in a sign of red-hot demand for its homes.

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Applications for the flats – which are at various locations across the island, including s… more

THE Government is contemplating a move to ban property agents from engaging in the widespread practice of representing both the seller and buyer of an HDB flat in the same transaction.
The idea is set to get the thumbs up from home buyers and sellers, but could leave some agents unhappy at a potential loss of commission income.
The proposal was released yesterday by the Ministry of National Develo… more

ELECTRICITY charges will go up by 12.5 per cent from tomorrow on the back of higher fuel prices, utility provider SP Services said yesterday.
Electricity will cost households 21.69 cents per kilowatt hour (kwh), up from the current 19.28 cents.
This is the second quarter in a row that tariffs, which are revised every quarter, are going up.
Families in three-room HDB flats will pay on average about… more