Tag Archives: HDB

New Clementi town centre

Posted on 17 Sep 2009 | Comments Off on New Clementi town centre

CLEMENTI Town Centre will get a brand new look next year when it is transformed.

When the facelift, which started in 2006 is completed, it will have a new 40-storey complex at the town centre, comprising a five-storey shopping mall, an air-conditioned bus interchange linked to the Clementi MRT Station, a community library, a new Town Council Office, and 388 new HDB flats.

‘This is the first development with public housing, commercial facilities and a bus interchange together in one complex,’ said a statement from the Housing Board on Thursday, giving an update on works in the town centre.

‘The new retail mall will provide a new buzz and add vibrancy to the Clementi Town Centre. It will also draw in shoppers and residents, and create more business opportunities for the existing HDB shops.

‘Besides providing Clementi residents with a refreshing suburban shopping experience, the retail mall is set to become the latest attraction in the western part of Singapore.’

The retail mall, tentatively named Clementi Mall, will be operated and managed by the private sector. It was launched for sale on Thursday by open tender.

Interested buyers can approach HDB’s appointed marketing agent, Jones Lang Laselle (JLL) for more details.

Source : Straits Times – 17 Sep 2009

Comments Off on New Clementi town centre

Posted in HDB, Office / Retail / Industrial

Tagged , , , ,

HDB: buy resale if you cannot afford private

Posted on 17 Sep 2009 | Comments Off on HDB: buy resale if you cannot afford private

For a third time in a week, HDB was forced to issue another blanket reassurance to disgruntled Singaporeans that HDB flats remained affordable except this time, the letter to the Straits Times Forum was not penned by its Deputy CEO, but two deputy directors from HDB and URA.

The writers claimed that the government is committed to ensuring that public housing remains affordable to the majority of Singaporeans through “proper targeting of subsidies and calibrating supply to match demand.”

The income ceiling ensures that the Government’s limited public housing subsidies are given to those who need them more. At the current ceiling, about eight out of 10 Singaporean households qualify for housing subsidies.

What was not mentioned that the income ceiling of $8,000 was put in place 15 years ago in 1994 and it does not factor in the fluctuating bank interests, change in income and inflation over the years.

It also does not answer the key question whether a couple will have sufficient savings left in their CPF for their retirement at the end of the thirty year tenure. Continue reading →

Comments Off on HDB: buy resale if you cannot afford private

Posted in HDB

Tagged , ,