Tag Archives: HDB

SINGAPORE TRIVIA: THE FIRSTS AND LASTS

December 1936 – First Public Housing.The first block at Tiong Bahru, Singapore’s first public housing built by the Singapore Improvement Trust (SIT), was completed and occupied by December 1936. Mainly three- to five-storey tall, the Tiong Bahru pre-war flats still exist today. One of them, Block 78 at Guan Chuan Street, also possesses Singapore’s sole remaining public air-raid shelter.

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HDB discriminates against overseas Singaporeans

'I am a Singaporean born, bred and who had done 2.5 years of national service. Since I was having difficulties getting a HDB flat and since I got a good job offer in Australia I decided to move for a few years and aimed to return after I get my HDB flat. However HDB has become more inflexible in my case probably because i am applying from outside the country. No rule says it's not allowed.

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Lelong-Lelong: Two-room flat going for $10,000

UP FOR grabs: a two-room flat in Sembawang that costs just $10,000, with housing grants. With the Housing Board's latest Build-To-Order flat launch, experts say this has set the lowest price for a flat in recent memory. The HDB yesterday launched 3,497 new flats in the non-mature towns of Sembawang, Sengkang and Yishun. The price of two-room flats at the [email protected] and [email protected] projects starts from $10,000 with housing grants, and $70,000 without grants. Only one flat boasts of this price, but others can be had for a few hundred dollars more.

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HDB issues about 740 parking summonses a month

The Housing and Development Board (HDB) said it issued an average of 740 summonses each month in the last five years to drivers who park illegally in reserved lots. These include the lots set aside for disabled drivers, police and Singapore Civil Defence Force vehicles. HDB said it takes a serious view of such “inconsiderate acts”.

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DEAR HDB: IF THE RESALE PROCEDURE ISN’T BROKEN, DON’T FIX IT!

HDB’s resale procedure change could wash away hopes of buyers and sellers to get a fair deal. Instead of buyers and sellers negotiating a price that benefits both parties, HDB has changed the resale process into a game of chance. Now, either the seller benefits from a low HDB valuation/high sale price, or the buyer benefits from a high HDB valuation/low sale price. There is no middle ground.

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Khaw Boon Wan: HDB moves to reduce focus on COV

To reduce the focus on Cash-Over-Valuation (COV) in negotiations during the sale of a flat, the Housing and Development Board (HDB) will only accept valuation requests from resale flat buyers after they have been granted an Option to Purchase by flat sellers.

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They call Iskandar Region the Greater Singapore

But the Iskandar region is different. The border town, three times the size of Singapore, has become almost an extension of home for many Singaporeans. “From my observation, there are 70 per cent Singaporeans and 30 per cent upper middle-class to upper class Malaysians here [Horizon Hills],” the property agent says.

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Does Minister Khaw know his work?

In a written Parliamentary reply to a PAP MP in July 2013, National Development Minister Khaw Boon Wan said that 200 first-time applicants have not succeeded applying for a new flat after three or more attempts.

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KHAW BOON WAN: GOVERNMENT MAY EXTEND LEASE BUYBACK SCHEME TO BIGGER FLATS

Despite the low take-up rate so far, the Government is considering expanding a scheme that allows the elderly to sell part of their flat’s lease back to the Housing and Development Board (HDB). National Development Minister Khaw Boon Wan said yesterday his ministry is looking to extend the Lease Buyback Scheme to those living in four-room and five-room HDB flats. Speaking to reporters on the sidelines of a dialogue session with grassroots leaders on the Budget, Mr Khaw was responding to questions on what to expect at his ministry’s upcoming Committee of Supply (COS) debate next month.

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DBS BANK: Home prices may drop 15% this year

Singapore home prices may fall by 10-15 per cent this year as government cooling measures and tougher limits on borrowing continue to dampen the property market, DBS CEO Piyush Gupta said today (Feb 14). According to Mr Gupta, stress tests carried out by DBS showed that it can easily withstand a 30 per cent reduction in Singapore home prices.

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