Tag Archives: HDB News

Facelift for 13 more HDB estates

Posted on 5 Sep 2009 | Comments Off on Facelift for 13 more HDB estates

ABOUT 23,000 households across 13 HDB estates islandwide will soon see improvements to their neighbourhoods, from new covered linkways and drop-off porches to new playgrounds and letter boxes.

The Housing Board yesterday announced the rejuvenation of these estates at a cost of $86.1 million under its Neighbourhood Renewal Programme (NRP).

Under the scheme, residents have a big say in determining the look and feel of their estates by giving feedback to their town councils before such plans are set in stone.

For example, Tampines residents will be given three architectural designs to choose from and provide feedback on. At least 75 per cent of residents must vote for the final design in order for work to proceed.

Tampines was one of the first sites selected for the NRP exercise. Full details of the newly selected 13 sites will be announced over the next few months, said HDB.

National Development Minister Mah Bow Tan said yesterday that the Government is committed to rejuvenating HDB estates even during times of economic uncertainty. Continue reading →

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HDB resale prices to rise

Posted on 2 Sep 2009 | Comments Off on HDB resale prices to rise

HDB resale prices rose 1.4 per cent in the second quarter to a record high.

HDB resale flat prices – already at record high levels – are likely to continue rising this year, said National Development Minister Mah Bow Tan on Wednesday.

‘The flat prices would probably go up … by 1 per cent, 2 per cent,’ said Mr Mah. ‘It will just keep on going up if the economy recovers as people expect, and if confidence returns but affordability will always be there.’

HDB resale prices rose 1.4 per cent in the second quarter to a record high.

Resale flat prices go up in tandem with a very strong market, Mr Mah told reporters at the launch of the final skybridge at The Pinnacle@Duxton on Wednesday.

‘We subsidised you when you buy and we increased the value of your flat when you live in it and… facilitate you to monetise it when you grow old. This is the best form of investment and welfare for the people,’ said the minister.

Standing at 50 storeys, The Pinnacle@Duxton is Singapore’s tallest public housing development.

It sits on the site of the area’s first two HDB blocks, which were built 50 years ago. It was the first project in which an international architectural competition was called to get the best design ideas.

Source : Straits Times- 2 Sep 2009

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