Category Archives: HDB

Punggol EC nearly 60% sold on booking day

Posted on 5 Aug 2013 | Comments Off on Punggol EC nearly 60% sold on booking day

Close to 60 percent of all units at the Ecopolitan executive condominium (EC) in Punggol were sold during its booking period, supported by keen interest for its CoSpace concept.

CoSpace is an innovative feature that allows buyers to reconfigure homes based on their needs. The CoSpace units were 60 percent sold.

Li Jun, General Manager of the developer Qingjian Realty, said: “The enthusiasm shown by the home buyers throughout the application and booking process has been very encouraging. Today’s home buyers are particularly interested in our five-bedroom units, which are almost fully sold. By selecting CoSpace, home owners will enjoy flexibility in designing their family home for future generations to come. We will continue to include CoSpace in all our upcoming projects.”

The EC also benefits from its prime location, and is just an eight-minute walk to Punggol MRT station, bus interchange and the future Waterway Point.

Source – PropGuru – 5 Aug 2013

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New housing policy for singles well-received: Khaw Boon Wan

Posted on 5 Aug 2013 | Comments Off on New housing policy for singles well-received: Khaw Boon Wan

National Development Minister Khaw Boon Wan said new ground has been broken with the Housing & Development Board’s (HDB) July’s Build-To-Order (BTO) exercise where eligible singles can buy new two-room HDB flats in non-mature estates.

In a blog post, Mr Khaw said the policy change was initially met with scepticism, with many predicting a lukewarm response.

Mr Khaw said HDB expects to receive more than 8,500 applicants from singles when the BTO exercise closes on Monday night.

That means more than 55 singles will compete for each two-room unit on offer for singles.

The minister said the median age of the singles who applied for the flats was about 43 years and their median monthly income was about S$1,800.

Mr Khaw remarked that the decision to focus on singles aged 35 years and above and up to S$5,000 income level was therefore appropriate.

The minister added that this new housing policy has not affected the first-timer families applying for two-room flats as their application rate is below one for now.

Mr Khaw said HDB will analyse the BTO data in greater detail to see how it can refine the next BTO exercises.

Source – CNA – 05 Aug 2013

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