Category Archives: HDB

HDB steps up supply of new public housing flats

Posted on 2 Oct 2009 | Comments Off on HDB steps up supply of new public housing flats

Singapore’s public housing authority, Housing & Development Board, is stepping up its supply of new flats to meet increased demand.

In a news release issued on Thursday, it said that with the good response to recent Build-To-Order (BTO) launches, it will be increasing its BTO supply this year from 8,000 units to 9,000 units. The BTO system was introduced in 2001.

In addition, HDB launched a Sale of Balance Flats (SBF) exercise on Thursday, and offered another 2,132 flats for sale. The SBF consists of flats accumulated from earlier BTO exercises, surplus Selective En-bloc Redevelopment Scheme (SERS) replacement flats and repurchased flats, among others

‘It replaces the existing Balloting Exercise, Quarterly Sales and Half-Yearly Sales. HDB will only conduct the SBF as and when there are sufficient numbers of such flats accumulated,’ HDB said.

Source : Business Times – 1 Oct 2009

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Wet markets’ buyout causes upset

Posted on 30 Sep 2009 | Comments Off on Wet markets’ buyout causes upset

PLANS to shut down five wet markets in Choa Chu Kang, Serangoon North, Bukit Batok West and Bukit Panjang are making two groups of people unhappy.

Residents in these neighbourhoods are upset over what looks to be a loss of lower prices, freshness and variety, and market stallholders are wondering what is to become of their livelihoods. Some have gone to see their Members of Parliament.

The target of their joint ire: supermarket chain Sheng Siong, which bought the markets from boutique property developer Heeton for $25.55 million.

The five markets to cease operations in March next year are in Choa Chu Kang Street 62, Choa Chu Kang Avenue 1, Serangoon North Avenue 3, Bukit Batok West Avenue 8 and Fajar Road.

Sheng Siong plans to convert them into ‘air-conditioned markets’, although it has yet to spell out how the space in these five sites will be used.

Wet market patrons have already equated ‘air-conditioned market’ with ’supermarket’, which they say they do not want or need. Continue reading →

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