Tag Archives: Sengkang

HDB resale price increased 1.6% in Q1

Posted on 25 Apr 2011 | Comments Off on HDB resale price increased 1.6% in Q1

HDB resale prices increased in the first quarter of this year, albeit at a slower rate, as property cooling measures kicked in.

The Resale Price Index increased 1.6 per cent in Q1, compared with 2.5 per cent in the previous quarter.

Cash-Over-Valuation premiums dropped nine per cent or S$2,000 to S$21,000 from the previous quarter, with the proportion of resale cases transacting above valuation remaining at 96 per cent.

Data released from HDB also showed that the number of resale transactions fell by about four per cent to 6,228 cases in first quarter of 2011.

Median sublet rents in Q1 remained relatively stable with increases from one-room and five-room flats and decreases from two-room flats.

Subletting transactions rose by eight per cent to 6,365 cases.

The total number of HDB flats approved for subletting rose to about 36,400 units in Q1, compared to about 35,000 units in the previous quarter.

HDB also announced that it will launch another 3,185 flats located in Hougang, Sembawang, Sengkang and Punggol for sale under the April 2011 Build-to-Order (BTO) exercise.

In total, HDB said it will offer 22,000 new BTO flats in 2011 if demand is sustained.

Last year, a total of 16,000 BTO flats were offered.

In addition to the BTO flats, units under the Design, Build & Sell Scheme (DBSS) and the Executive Condominium (EC) Housing Scheme will be offered as well.

An EC site at Punggol with an estimated yield of 700 units, and two DBSS sites at Sengkang and Bendemeer Road with a potential yield of about 1,500 units, will be released for tender in May and June 2011 respectively.

Source : CNA – 25 Apr 2011

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HDB launches 3,185 new BTO flats

Posted on 25 Apr 2011 | Comments Off on HDB launches 3,185 new BTO flats

The Housing Development Board (HDB) on Monday launched 3,185 new build-to-order flats, forming the largest supply of subsidised housing in a single launch since 2002.

The offer consists of 105 units of two-room, 541 units of three-room, 1,797 units of four-room and 742 units of five-room flats.

At least 95 percent of the units will be allocated to first-time owners, the HDB said in a statement.

Another 6,070 flats will be up for sale in May and June, it added.

The latest numbers would bring the total HDB flat count to 14,100 units by the end of June, already close to 90 percent of the 16,000 flats offered for the whole of last year.

The projects launched on Monday are Anchorvale Cove in Sengkang, Hougang Parkview in Hougang, Montreal Ville in Sembawang and Waterway Terraces II in Punggol.

The Hougang Parkview and Montreal Ville projects are standard flats with a price tag of at least $92,000 for two-room flats, $158,000 for three-room, $248,000 for four-room and $333,000 for five-room units.

Anchorvale Cove and Waterway Terraces II cater to buyers opting for premium flats, which cost from a minimum of $179,000 for three-room units to $354,000 for five-room units.

The latest HDB projects are expected to be completed in the first quarter of 2014 at the earliest.

For 2011, HDB will offer a total of 22,000 new BTO flats if demand is sustained.

Source : CNA – 25 Apr 2011

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