Housing

The Lease Buyback Scheme (LBS) will be extended to all HDB flat types with effect from 1 January 2019, the Housing and Development Board (HDB) announced in a press release on Tuesday (1 January). Previously, the LBS was only available to seniors who own 4-room or smaller flat types. With the extension, seniors who own 5-room and larger flat types …

It was reported in the media on the first day of the year that the HDB’s Lease Buyback Scheme (LBS) has now been extended to all HDB flats, including 5-room and larger units, starting from yesterday (1 Jan 2019). Previously, LBS was only available to owners of four-room or smaller HDB flats. Under LBS, flat owners can sell part of …

Flat owners applying to rent out their flat or bedroom(s) to non-Malaysian non-citizen tenants will be allowed to rent out to a maximum of 2 years, up from the current 1.5 years starting from 1 January 2019. In a press release on Tuesday (18 December), the Housing and Development Board (HDB) noted that this revision will give flat owners greater flexibility to …

A significant majority of Singaporeans are worried about astronomical property prices in the Republic, with such prices being expected to increase over the next five years, according to findings listed in PropertyGuru’s Property Market Outlook report for 2019. 88 per cent of Singaporeans are dissatisfied over the state of the property market, according to PropertyGuru’s latest Consumer Sentiment Survey. The …

The Aljunied-Hougang Town Council (AHTC)’s corporate governance has shown an improvement — from “red” to “amber” — despite having its most recent financial statements qualified by external auditors for the seventh consecutive year, as shown in the latest report issued by the Ministry of National Development (MND) on town council management for FY 2017 on Friday (14 Dec). AHTC’s latest …

About 15,000 new flats of BTO (Build-to-Order) will be launched in 2019, fewer than 15,800 flats launched this year, the Housing and Development Board (HDB announced in a press release on Friday (7 December). HDB stated that the 2019 BTO flat supply includes about 2,000 flats with shorter waiting time in the new Tengah town. Home buyers can expect to …

I was chatting to a British friend of mine recently. He had just visited Singapore and sang glowing praises of how wonderful and rich the city state was. Commenting on how new and gleaming all the buildings were, he was under the impression that everyone was rich or at least middle classed in Singapore. When I thanked him for his …

National Development Minister Lawrence Wong published a blog today (16 Nov) relating how he recently helped an elderly couple to do some financial planning for their retirement. In general, Singaporeans are asset rich but cash poor. A lot of their cash is stuck in the high-priced properties in Singapore, so much so that many have found it difficult to retire …

7,214 flats were launched for sale on Tuesday (13 November) under the November 2018 Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise, which comprised of 3,802 BTO units and 3,412 SBF units across various towns/estates. The Housing & Development Board (HDB) announced in a press release on Wednesday (13 November), HDB stated that a wide selection of flats, ranging …

by BankBazaar.sg Every quarter, couples will face the headache of deciding which BTO plot to apply for with the hope of landing their dream home. But understanding what are the consequences that come with your choice of BTO plot can be difficult. This is especially when HDB only provides a map screenshot with barely 3 lines of details. Thus, to …