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HDB’s Lease Buyback Scheme receives more than 2,000 enquiries
The Housing and Development Board (HDB) says it has received more than 2,000 enquiries on the improved Lease Buyback Scheme as of mid-March this year as enhancements to the scheme kicked in on Wednesday (Apr 1). Under the scheme, flat owners are allowed to sell part of their lease back to the Government to generate … Continue reading
HDB flats resale prices continue to slide, down 1% in Q1
Flash estimates of the Resale Price Index for the first quarter of 2015 showed a 1 per cent decline in the prices of Housing and Development Board flats over the previous quarter, HDB announced on Wednesday (Apr 1). The flash estimate for the index is 135.6, HDB said, down from 137.0 in the previous quarter. … Continue reading
Prices of EC units in some non-mature estates likely to weaken: Analysts
Prices of executive condominium (EC) units in some non-mature estates are likely to weaken going ahead, according to property analysts. They said this is due to the large volume of units currently available and in the pipeline. The EC scheme was introduced in the late 1990s, and since then, as many as 40 projects have … Continue reading
Quota raised for 2-room flats for singles
National Development Minister Khaw Boon Wan announced several new housing measures in Parliament on Tuesday (Mar 10). These included increasing the quota of new two-room flats set aside for singles and a review of the Studio Apartment Scheme. Mr Lim Sio Poh, 46, is getting ready to move into his new two-room flat in Bukit … Continue reading
Resale prices of HDB flats up 1.2%
The resale prices of Housing and Development Board (HDB) flats have risen 1.2 per cent in the first quarter of this year over the fourth quarter last year. In a news release, HDB said this is the lowest quarter-on-quarter growth in the resale prices of its flats since first quarter 2012. HDB released its flash … Continue reading
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