District 11 detached house up for auction

Posted on 7 Nov 2014 | Comments Off on District 11 detached house up for auction

A corner single-storey detached house along 18 Dalkeith Road has been put up for auction as an estate sale, Colliers International announced today.

18-Dalkeith-Rd-300x225

The freehold property comprises an attic, four bedrooms and a lush garden. It sits on an elevated rectangular-shaped site of approximately 9,980 sq ft and has double road frontages.

Under the 2014 Master Plan, the site is zoned for “two-storey bungalows” use.

Located off Dunearn Road, the house is near Botanic Gardens MRT station, as well as the future Stevens MRT station, and is accessible via Pan Island and Central Expressways. Adam Food Centre, Coronation Shopping Plaza, and Sixth Avenue Centre are nearby, and schools in the vicinity include Singapore Chinese Girls’ School, Anglo-Chinese School (Barker Road), and St Joseph Institution.

The indicative price for the house is between $19 to 21 million.

Deputy Managing Director of Colliers International Grace Ng says, “To be sold with vacant possession, the property is ideal for developers or owner-occupiers. Alternatively, the successful buyer can consider sub-dividing the land to build two bungalows averaging at 4,990 sq ft each – to accommodate large extended families to stay next to each other.”

There are only around 10,660 detached houses across Singapore, according to Ng.

The auction is slated for 21 November.

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3,500 applicants barred after cancelling HDB booking

Posted on 7 Nov 2014 | Comments Off on 3,500 applicants barred after cancelling HDB booking

Since March 2012, about 3,500 applicants who cancelled their booking for a HDB flat have been barred from buying BTO flats for one year.

In a written response to a query in yesterday’s parliamentary session, Minister of National Development Khaw Boon Wan said, “The measure to impose a one-year debarment on HDB flat buyers who cancel their bookings is to discourage frivolous booking. Such behaviour is unfair to genuine flat buyers who may otherwise be crowded out.”

When asked if HDB will consider allowing walk-in application and selection of flats under the Sale of Balance Flats (SBF) exercise on a monthly basis, Mr Khaw said the government prefers to accumulate its balance flats and sell them under a SBF exercise when there is a sufficiently large supply.

“This allows applicants more choices of flat types in various locations,” he said.

Flats from the SBF exercise consist balance flats from earlier Build-To-Order (BTO) exercises, surplus Selective En-bloc Redevelopment Scheme (SERS) replacement flats, and repurchased flats.

These flats are mostly under construction or near completion.

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