Tag Archives: build-to-order

Future Bidadari estate to maintain greenery, heritage

Posted on 1 Aug 2012 | Comments Off on Future Bidadari estate to maintain greenery, heritage

The upcoming Bidadari housing estate will retain its greenery and heritage, according to the Housing and Development Board (HDB).

Aside from building a regional park, the 93-ha town will also “creatively incorporate” historical elements complementing the existing Bidadari Memorial Garden where the tombstones of 21 prominent early citizens are located.

The HDB also envisions Bidadari to be a pedestrian- and cyclist-friendly town while offering easy access to transport nodes and places of interest. This will make the estate a “distinctive and sustainable tranquil urban oasis”.

The former cemetery stopped undertaking burials in 1972 and was exhumed in the early 2000s. The area is currently frequented by joggers.

Around 12,000 HDB and private homes will be built on the site which is bordered by Bartley Road, Upper Serangoon Road, Sennett Estate and Mount Vernon Road.

Infrastructure development including earthworks and site preparation are expected to start by year’s end while the initial HDB Build-to-Order (BTO) launch could take place in 2015, with the first flats completed by 2018.

HDB is inviting up to five planners and consultants for an Expression of Interest (EOI) exercise to develop the estate’s masterplan. In addition, it is looking for a team to design, construct and maintain a public housing project in the estate.

The EOI will close on 6 August while the tender for the masterplan is expected to be awarded by November and completed next February.

Source Property Guru – 2012 Aug 1

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HDB’s Q2 Resale Price Index up 1.3%

Posted on 27 Jul 2012 | Comments Off on HDB’s Q2 Resale Price Index up 1.3%

The Housing and Development Board’s (HDB) Resale Price Index (RPI) in the second quarter of this year is 194, an increase of 1.3 per cent over the previous quarter when it was 191.6.

According to data released by HDB, there were 7,000 resale transactions in the second quarter, an increase of 19 per cent compared to the first quarter when there were 5,900 cases.

Also released – data on Median Resale prices, Median Cash-Over-Valuation (COV), Median Subletting Rents and the number of subletting approvals.

The highest median resale price for a 3-room flat was S$440,000 in Central Town. For 4-room flat, it was S$638,000 in Queenstown. S$750,500 was the highest median resale price for a 5-room flat in Bukit Merah Town. As for an executive flat, it was S$680,000 in Serangoon Town.

The highest median Cash-Over-Valuation (COV) for a 3-room flat was S$35,000 in Central Town.

For 4-room flat, it was S$48,500 in Toa Payoh Town. The highest median COV for a 5-room flat was S$54,000 in Geylang, while it was S$55,000 for an executive flat in Hougang.

The highest median subletting rent for a 3-room flat was S$2,300 in Central Town and for a 4-room flat it was S$2,950 in Queenstown. As for a 5-room flat it was S$3,200 in Bukit Merah Town and for an executive flat it was S$2,800 in Hougang.

Subletting transactions rose by about 3 per cent from 6,700 cases in the first quarter to 6,900 cases in the second quarter.

The total number of HDB flats approved for subletting rose to 41,800 units in the second quarter 2012, compared to 41,200 units in the first quarter.

In July 2012, HDB will offer 4,200 new Build-To-Order flats in seven projects. These will be in Bukit Merah, Choa Chu Kang, Clementi, Geylang, and Punggol.

HDB said a project in Bedok originally planned for launch in July 2012 has been postponed to finalise the design for launch. This site will be launched later this year.

HDB added that it is on track to launch 25,000 flats this year.

Source : Channel NewsAsia – 27 Jul 2012

 

 

 

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