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