Tag Archives: HDB

HDB resale prices soar 3.6%

Posted on 23 Oct 2009 | Comments Off on HDB resale prices soar 3.6%

PRICES of HDB resale flats hit another record high in the third quarter, jumping 3.6 per cent over the second quarter.
Prices of resale HDB flats saw an increase of 3.6 per cent. — ST PHOTO: DESMOND WEE

This is higher than HDB’s estimate earlier this month of a 3.2 per cent increase, and comes after HDB resale prices rose 1.4 per cent in the second quarter over the first quarter.

The final third-quarter figures, released by the HDB on Friday, also showed that the number of resale transactions went up 14 per cent between June and September, to 11,649. Continue reading →

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HDB clarifies it cannot interfere in sale of privately-owned wet markets

Posted on 21 Oct 2009 | Comments Off on HDB clarifies it cannot interfere in sale of privately-owned wet markets

The Housing and Development Board (HDB) has said it cannot take over the wet markets owned by private operators or interfere with the commercial negotiation between the new owner and the stallholders when such wet markets change hands.

The HDB also cannot “impose new requirements that are more stringent on the new owner, compared to those already imposed on the existing one”.

HDB said this in a statement on Wednesday in response to recent media reports on the concerns of some stallholders affected by the sale of five wet markets owned by a commercial operator.

These five markets are located in Choa Chu Kang Street 62, Choa Chu Kang Avenue 1, Serangoon Avenue 3, Bukit Batok West Avenue 8 and Fajar Road.

Some of the stallholders have asked the government to intervene so that they can retain their stalls at current rents after the change in the commercial owner of the wet markets. Continue reading →

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