Tag Archives: Hougang

Hougang oddity still unsold after 11 years

Posted on 20 May 2013 | Comments Off on Hougang oddity still unsold after 11 years

A three-storey corner terrace house on a unique wedge-shaped site in Hougang is up for sale below the valuation price, reported The Straits Times.

Offered on a 99-year lease and completed in 2002, the 6,813 sq ft property has remained unsold for the last 11 years due mainly to its odd shape. Aside from the land parcel, the rooms are also irregularly shaped.

The report added that one section of the house faces Hougang Avenue 2 with a catchment drain flanking the other side. A nearby overhead bridge looks directly into the second floor of the property.

Owned by YHS Hougang, a unit of Far East Organization, the house is part of Henley Gardens, a 36-unit terrace house project at Jalan Arif.

Last weekend, a swarm of property agents were at the site, with many carrying placards showing a price of S$470 psf.

Source – PropGuru – 20 May 2013

 

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Posted in Landed Property

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HDB priority scheme a hit with married couples

Posted on 16 May 2013 | Comments Off on HDB priority scheme a hit with married couples

HDB’s recent initiative to help married couples with children below 16 years own a home is reportedly doing well.

More than 12,000 first-timer households under the Parenthood Priority Scheme (PPS) took up 32 percent of the 3,898 Build-to-Order (BTO) flats offered in the non-mature estates of Punggol, Sengkang and Bukit Batok during the recent launch in March.

PPS applicants had also applied for 30 percent of flats offered in non-mature estates back in January.

Meanwhile, the housing board plans to launch 4,850 BTO flats in Hougang, Choa Chu Kang, Sembawang, Jurong West and Woodlands, as well as 3,000 balance units later this month.

Moving forward, analysts expect the response from PPS applicants to be even higher as the scheme has been extended to cover married couples expecting a child, in addition to the launch of balance flats which are considered more attractive since they are ready or nearing completion.

According to HDB, 30 percent of BTO flats and 50 percent of balance units are reserved for PPS applicants.

Source – PropGuru – 16 May 2013

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Posted in HDB

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