Tag Archives: Housing and Development Board

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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Wet markets saga: Outcome after Jan

Posted on 22 Oct 2009 | Comments Off on Wet markets saga: Outcome after Jan

HDB to decide on sale to Sheng Siong but will not take over markets
Sheng Siong, the proposed buyer, is willing to continue renting out stalls to existing holders, instead of converting the wet market into air-conditioned outlets. — PHOTO: WANBAO

THE fate of stallholders at five wet markets slated for sale will be known after January next year, when the Housing Board (HDB) reaches a decision on whether to let the purchases go ahead.

Sheng Siong – the interested buyer – has told HDB it is prepared to continue renting out the wet market stalls to the existing holders.

It is no longer proceeding with its original plan to convert them to Sheng Siong air-conditioned markets. Continue reading →

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