What to buy: Build-To-Order HDB Flats or Executive Condominiums

BTOs are a Housing and Development Board (HDB) flat allocation system that offers flexibility in timing and location for owners intending to buy a new flat. Eligible buyers planning to apply for a new HDB apartment in the near future can ballot for one in their preferred location from specific sites. ECs (Executive Condominiums) on
read the rest…

Taking the first steps for a BTO flat

Purchasing a BTO (Build-To-Order) HDB flat is usually a key milestone for the majority of 1st time homeowners, be it newly-wed, or intending to get married couples as well as a growing number of singles. In most cases, the ambition of acquiring the keys to one’s 1st flat is a huge commitment towards personal independence,
read the rest…

HDB Hotspots: A Heated Debate in the Resale Market

When the Population White Paper was released earlier this year, it sparked off a furore which some say exposes the flaws of policy-making in Singapore. The primary point of contention which drew public ire was the idea that the population in Singapore would reach 6.9 million by 2030,  a figure most agree would put a
read the rest…

Strong interest for HDB sales exercise

A five-room flat at Pinnacle@Duxton (pictured) received 203 bids by the time applications closed on Wednesday, said The Straits Times. Pinnacle@Duxton is believed to be one of the Housing and Development Board’s (HDB) best projects, and is within close proximity to the central business district (CBD) and MRT stations. It was reported that the 1,140
read the rest…

Shunfu HUDC fetches record S$1.28m

By Romesh Navaratnarajah: Less than a week after an executive flat in Queenstown was sold for S$1 million, it has been reported by The Straits Times that a HUDC flat at Shunfu Road in Bishan was sold in July at an eye-popping price of S$1.28 million, or around S$762 per sq ft. This sets a
read the rest…

Million dollar HDB deal almost final

By Romesh Navaratnarajah: The million-dollar deal for a HDB flat in Queenstown is close to being completed, as the buyer, a new Singapore citizen, and seller agreed on the price at their first appointment with the Housing and Development Board (HDB) yesterday. Located on a high-floor at a 16-storey block at Mei Ling Street, the
read the rest…

Govt in no rush to resolve DBSS issue

By Romesh Navaratnarajah: As the government’s current priority is to increase the supply of executive condominium (EC) units and Build-to-Order (BTO) flats, it is not in a rush to finishing reviewing the Design, Build and Sell Scheme (DBSS). This follows the suspension of DBSS land sales back in July 2011 due to controversy sparked by
read the rest…

Flat owner takes HDB to court

By Romesh Navaratnarajah: In a landmark move, the Housing and Development Board (HDB) has been taken to court after a flat owner filed a case against it for acquiring his flat due to alleged illegal subletting. Chew Teck Fatt, owner of the five-room unit in Bukit Batok, wants the right to be fully heard based
read the rest…

3 resale flats sold break S$900k mark

                      Three resale HDB flats transacted recently have hit the S$900,000 mark, according to data from HDB’s website. Last month, an executive apartment located at Block 148, Mei Ling Street changed hands for S$900,000, while an executive maisonette at Bishan was sold for S$900,000. Over
read the rest…

Foreign buyers restricted when buying properties: Lim

                              Lim Hng Kiang, Minister for Trade and Industry, gave a reminder that foreigners are not allowed to own HDB or EC units in Singapore. Additionally, they cannot acquire private landed properties, as only Singapore citizens and permanent residents (PRs) are
read the rest…