EC Size Units Capped To Prevent Profiteering

Housing 1 Comment

Singapore Government introduces new measures to ensure that executive condominiums (EC) remain affordable for middle-income Singaporean families. The maximum strata floor area of new EC units will be capped at 160 square metres or about 1,700 sq feet. Read more »

Over 2 Million Dollars For A Public Housing Apartment

Housing, People, Places 3 Comments

An executive condominium (EC) penthouse from HDB (Housing Development Board) public housing project was sold at a record price of S$2.05 million. A spokesman for the CityLife Tampines housing project said the sale was made within the second hour after the show flat was opened for public viewing. The unit with a huge roof top deck and about 2,800 sq ft of living space was sold to a young twenty something couple. Read more »

HDB Last DBSS Flats Launched

Housing, Places No Comments

The Pasir Ris One with 447-unit is the Housing Board’s last privately developed flat under its Design, Build and Sell Scheme (DBSS). There were three- and five-room flats on offer at prices from $490,000 (650 sq. ft.) to $770,000 (1,100 sq. ft.). But unlike a condo, Premiere at Tampines does not have facilities such as a gym, tennis courts or a swimming pool. The first DBSS project was launched in 2006. Read more »

Prices Of HDB Homes Gone Up

Housing 2 Comments

Resale prices of HDB flats rose in the first quarter of 2012. Numbers from HDB showed that public housing flats from HDB saw and increase of slightly more than half a percentage point (up 0.5%). The price increase was also lower than the 1.7% increase registered in the fourth quarter of 2011. Read more »

Prices Of Private Homes Fell Slightly

Housing No Comments

The first quarter of 2012 prices of private residential property fell for the first time since 2009. An estimate provided by the Urban Redevelopment Authority (URA) showed that the price index for private homes retreated by a mere 0.1% in the first quarter of 2012, compared to a 0.2% increase in Q4 2011. However, the number of new private homes sold in the first quarter of this year crossed the 6,600 mark, an all time high. Most predicted that 2012 is set to outperform last year’s sales of 16,000 units. Read more »

250 more Flats in Tiong Bahru Estate

Housing No Comments

SIT or Singapore Improvement Trust will spend $1,500,000 to build 250 flats (about $6,000 per dwelling unit) on 4,200 sqft land along Tiong Poh Road. Adding up to 538 dwelling units and 20 shops in Tiong Bahru Estate. Read more »

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