118 HDB flats involved in mortgagee sales

There had been 118 cases of completed mortgagee sales involving HDB flats from January 2013 to November 2017, according to a parliamentary reply from the Ministry of National Development on Wednesday (10 January). It stated this in response…

Singapore property market rebound may extend through 2019

Analysts believe the four-year slump that has plagued Singapore’s property market may have come to an end as private home prices rose for a second consecutive quarter in the period ended-31 December. In fact, analysts at Credit Suisse…

Report: Average home prices in Singapore could rise by 17% over 2018-2021

Investment volumes to remain strong for Singapore, while home prices are forecast to rise. The prospects for the Singapore property market are bright, with investment volumes to remain strong and home prices forecast to rise, revealed Colliers…

HDB flat sellers restricted by ethnic integration policy may get extension, Wong

Owners of Housing and Development Board (HDB) flats who are finding it hard to dispose of their units due to the ethnic integration policy (EIP) can ask for an extension of time, revealed Minister for National Development Lawrence Wong in Parliament…

MAS seeks more details on loans for property projects

The Monetary Authority of Singapore (MAS) placed more scrutiny on the way banks are funding property development projects, by gathering more data from them via a new survey sent out last month, reported The Business Times. The move comes as…

Over 200 divorcees allowed to buy HDB flat sans ex-spouses’ consent

Singapore’s Housing and Development Board (HDB) has allowed divorcees to purchase a subsidised flat without their ex-spouses’ consent in more than 200 instances over the past three years, according to a written parliamentary reply…

Most BTO flat buyers in mature estate are first-timers

Artist’s impression of the Tampines GreenCourt BTO project. (Photo: HDB) On average, about 80 percent of people buying Build-to-Order (BTO) flats in mature estates from the Housing and Development Board (HDB) are first-timers, according…

2,500 households took up HDB’s Lease Buyback Scheme

About 2,500 families have successfully applied for the Housing and Development Board’s Lease Buyback Scheme (LBS) since it was launched in March 2009, according to a written parliamentary reply from the Ministry of National Development…

Singapore’s unsold units at seven-year low in Q3 2017

With the improved buyer sentiment over the recent months, unsold home inventory in Singapore fell to a seven-year low at 16,031 units during the third quarter of 2017, reported Singapore Business Review citing Jefferies Singapore Limited. Total…

3 new roads in Bidadari estate to partially open on Sunday

Residents will be able to walk and cycle seamlessly via Bidadari Greenway along Bidadari Park Drive (Photo: HDB) Three new roads in Bidadari estate – Bidadari Park Drive, Alkaff Crescent and Woodleigh Link – will be partially opened…