Tag Archives: Choa Chu Kang

HDB launches 7 BTO projects offering 4191 new flats

Posted on 1 Aug 2012 | Comments Off on HDB launches 7 BTO projects offering 4191 new flats

The Housing and Development Board (HDB) announced on Tuesday that it has launched seven BTO projects, offering 4,191 new flats.

This is the fourth BTO launch this year and HDB said it remains on track to launch 25,000 flats this year.

The flats are being offered in two non-mature towns of Choa Chu Kang and Punggol, and three mature towns of Bukit Merah, Clementi and Geylang.

The projects in the non-mature estates are Keat Hong Axis, Punggol Opal and Waterway Cascadia, while those in the mature towns are Clementi Gateway, Depot Heights, Telok Blangah Ridgeview and GreenTops @ Sims Place.

A 3-room flat at Keat Hong Axis in the non-mature estate of Choa Chu Kang will cost from S$151,000 without grants and from S$116,000 with grants, while a similar flat at Clementi Gateway in the mature estate of Clementi will cost from S$301,000 without grants and from S$271,000 with grants.

HDB said to ensure first-timers continue to enjoy priority in flat allocation, at least 95 per cent of the BTO flat supply (excluding Studio Apartments) in mature towns and 85 per cent in the non-mature towns will be set aside for them.

Eligible first-timer households can also enjoy various housing grants to help them own a new BTO flat.

In September 2012, HDB will offer 3,700 new BTO flats for sale in Ang Mo Kio, Choa Chu Kang, Kallang Whampoa, Tampines and Woodlands.

HDB will also offer 3,000 flats in a concurrent Sale of Balance Flats (SBF) exercise. The balance flats will have good geographical spread and comprise flats from both mature and non-mature estates.

Applications for the new flats launched can be submitted online from 31 July 2012 to 6 August 2012.

For enquiries, members of the public can:
a) Log on to esales.hdb.gov.sg; or
b) E-mail hdbsales@hdb.gov.sg; or
c) Visit the HDB Sales Office to speak with the Customer Service Officers during office hours (Mon to Fri 8am to 5pm, Saturday 8am to 1pm).

Also with effect from the July BTO launch, HDB will extend the Special CPF Housing Grant (SHG) (of $20,000) for first-timer households earning S$1,500 and below, to include purchases of 3-room standard flats in non-mature estates.

This special grant was introduced in March last year to help first-timer low income households own their homes and could only be used for the purchase of a 2-room standard flat in non-mature estates.

HDB said the enhancement will expand the options available to low-income households who need more space and can afford a larger flat, with the help of government subsidies.

Together with the Additional CPF Housing Grant (AHG), households earning S$1,500 and below can now enjoy total housing grants of S$60,000 for the purchase of 2-room or 3-room standard flats in non-mature estates from HDB.

Source CNA 2012 Jul 31

 

 

 

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CDL posts 44.5% fall in Q1 net profit

Posted on 10 May 2012 | Comments Off on CDL posts 44.5% fall in Q1 net profit

Singapore real estate developer City Developments Limited (CDL) posted a 44.5 per cent on-year decline in its first-quarter net profit at S$156.8 million.

In a statement issued on the Singapore Exchange, CDL said its revenue rose 9.4 per cent on-year to S$846.7 million for the three months to 31 March 2012.

CDL added that its net profit for Q1 did not register a corresponding increase partly due to substantial gains recognised in Q1 2011 on the disposal of the corporate office.

The developer said its property development segment remained the largest contributor to the group’s pre-tax profit. During the quarter, CDL launched two new developments – The Rainforest at Choa Chu Kang area and Bartley Residences along Bartley Road.

It added that The Rainforest, a 466-unit Executive Condominium (EC), has been well received with 94 per cent of the units sold. Meanwhile, 290 units out of the 350 units launched under Phase 1 at Bartley Residences have been sold.

CDL said it is preparing to launch the trendy UP @ Robertson Quay along Singapore River very shortly. The new property will comprise 70 high-end apartments and loft residences as well as a 300-room new lifestyle concept hotel known as M Social.

Another project which CDL plans to launch in the first half of this year is HAUS @ SERANGOON GARDEN, a landed housing development with 96 terrace units.

CDL also believes that its Quayside Isle project in Sentosa has not reached its full potential, and the full value of the property will be more evident in the second half of the year when the retail component and the hotel are operational.

The Quayside Isle project includes The Residences at W Singapore Sentosa Cove, a 240-room W Singapore Sentosa Cove hotel and retail outlets.

Going forward, CDL said it is optimistic that the gradual economic recovery will help improve sentiments for the high-end residential market.

It added that the strong Singapore dollar, liquidity in the market, low interest rate environment, favourable housing loans and lack of other stabilised investment products are also factors that have continued to sustain property investments in Singapore.

CDL said with its diversified portfolio of assets, strong balance sheet and prudent management, it expects to remain profitable in the current year.

Source : CNA – 10 May 2012

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