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The $880,000 New HDB Flat That Wasn’t
A flurry of negative feedback has emerged on the social media after it was announced that the priciest-ever new HDB flats went up for sale in Tampines under a Design, Build and Sell Scheme (DBSS). Five-room flats at Centrale 8, built by developer Sim Lian, will cost $880,000. This works out to be almost $750psf. […]
Of Public Housing and General Election
This shall be my only post on the General Election. Initially, I had not intended to make any posts on it as this is meant to be mainly an investment site. However, one of the issues bought up is related to housing, which is something that has been discussed here before. Just two days before […]
Measures to Help New HDB Buyers
The following measures have been put into place to benefit first-time flat buyers: a) Increase the 2011 flat supply by offering 14,000 new Build-to-Order (BTO) flats in the first half of 2011. This is comparable to the BTO supply for the whole of 2010. If demand sustains, HDB will offer up to 22,000 BTO flats […]
Siblings HDB Rule to be Scrapped
After questions were asked about PR siblings under the age of 35 being allowed to buy HDB resale flats, the government has decided to discontinue the scheme with immediate effect. According to Senior Minister of State for National Development Grace Fu, the scheme was no longer necessary as with the liberalisation of the subletting market […]
Singaporean Siblings Under 35 Able to Buy HDB?
A little known practice has come to light after questions were asked over how come Permanent Residents (PR) siblings under the age of 35 could apply to buy HDB resale flats when Singaporeans couldn’t. According to a clarification from HDB, siblings (both citizens and PRs) under age 35 can apply to buy HDB resale flats […]