Tag Archives: HDB News

Non-PAP wards get lift revamp

Posted on 3 Oct 2009 | Comments Off on Non-PAP wards get lift revamp

IN JULY, the two opposition wards of Hougang and Potong Pasir were told they would get their much-awaited lift upgrading earlier than expected.

Last night, it was officially confirmed that the Government had picked the blocks that would get a lift landing on every floor.

The announcement came from the People’s Action Party’s (PAP) grassroots advisers in both wards, which had been told after the 2006 General Election that they would be last in line for the Lift Upgrading Programme (LUP).

The adviser in Potong Pasir, Mr Sitoh Yih Pin, said nine blocks had been picked for the LUP. They are Blocks 101 to 109 in Potong Pasir Avenue 1.

Mr Sitoh, the PAP’s candidate in Potong Pasir in the last two general elections, added: ‘I’m very happy the LUP is coming to Potong Pasir.

‘This new facility will certainly benefit our residents, especially our senior citizens. I look forward to successfully implementing this project in our estate.’

He will be sending out a circular to residents in the selected blocks soon. Continue reading →

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More new HDB flats as resale prices climb

Posted on 2 Oct 2009 | Comments Off on More new HDB flats as resale prices climb

HDB resale prices are now at their highest level ever

The Housing and Development Board (HDB) is stepping up its supply of new flats to meet increased demand for public housing. The news came as flash estimates showed that prices of resale HDB flats rose 3.2 per cent in Q3.

The price increase comes after a 1.4 per cent rebound in Q2 following a marginal drop of 0.8 per cent in Q1. This means HDB resale prices are now at their highest level ever. The previous two peaks were in Q4 2008 and Q4 1996.

Analysts attributed the growth to the greater demand for resale flats in recent months.

Observed Eugene Lim, associate director for ERA Asia Pacific: ‘The surge in demand for HDB resale flats and the consequent rise in prices have been fuelled by a mix of upgraders, downgraders and the increasing population of permanent residents.’

There is also a ‘trickle-down’ effect from the growth in private property prices, which climbed 15.9 per cent in Q3.

But plans to boost the supply of new flats could mean that the price increase in the resale price index could see some moderation in future, said Minister for National Development Mah Bow Tan, who announced HDB’s plans yesterday. Continue reading →

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