Tag Archives: HDB

Sale of five wet markets hits a snag

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

$8k cap stays

ECs are built with condo facilities but have sale restrictions similar to those for public housing

THE $8,000 household income ceiling for public housing benefits will stay, despite growing calls for a review.

However, the Government will be offering more executive condominiums (ECs) to address the needs of middle-income buyers in the $8,000 to $10,000 monthly income bracket.

The moves were announced by National Development Minister Mah Bow Tan yesterday.

The initiative to offer more ECs will allow those earning between $8,000 and $10,000 a month to take advantage of government grants and buy a home suitable for their budget, he said.

ECs are built with condo facilities but have sale restrictions similar to those for public housing.

They were introduced in 1995 to bridge the gap between public housing and private apartments. First-time buyers whose incomes are under $10,000 can apply for a $30,000 grant.

‘We are going to put up more executive condominiums for sale. We will probably be launching some fairly soon,’ said Mr Mah. Continue reading