Tag Archives: HDB News

HDB ramping up supply of flats

Posted on 2 Oct 2009 | Comments Off on HDB ramping up supply of flats

7,000 units will be released over the next three months

By Jessica Cheam
The Nautilus@Punggol (left) is a development of build-to-order HDB flats. Flat supply under the build-to-order scheme for the year will be ramped up to 9,000 from about 8,000 announced previously. About 5,000 units will be launched for sale in various areas, including Punggol. — PHOTO: HDB

THE Housing Board will unleash about 7,000 flats onto the market over the next three months in an aggressive step to tackle rising concerns over supply and affordability.

RELATED LINKS Upcoming Supply

The 7,000 homes exceed the 6,450 units released for first nine months of this year.

They also include 2,132 units in 24 estates across the island that have just been finished, or are near completion. They were launched yesterday in what was the Housing Board’s single largest sales exercise in recent times. Continue reading →

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Sale of five wet markets hits a snag

Posted on 2 Oct 2009 | 1 comment

The stallholders at this wet market in Serangoon Avenue 3, among the few privately owned wet markets in Singapore, have been given their eviction letters. The HDB has said, however, that it has yet to give the go-ahead to the developer for the sale of the markets.

A QUESTION mark now hangs over the sale and impending closure of five heartland wet markets, a development which has riled residents and stallholders in those neighbourhoods.

The Housing Board (HDB) has stepped in to say that it has yet to receive an application from boutique property developer Heeton Holdings for clearance to sell the wet markets to supermarket chain Sheng Siong.

Without the HDB’s go-ahead, the sale would be illegal.

Sheng Siong had told The Straits Times that it planned to build ‘air-conditioned markets’ on the sites, and affected stallholders said letters they received last month gave them until mid-December to move out.

The five wet markets – in Choa Chu Kang Street 62, Choa Chu Kang Avenue 1, Serangoon Avenue3, Bukit Batok West Avenue 8 and Fajar Road – are among the few privately owned wet markets here. Heeton bought them between 1994 and 1996 for use as wet markets in separate tenders called by the HDB. Continue reading →

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