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Housing

Four things prospective homeowners need to know about the August BTO sales launch

by ValuePenguin Owning a brand new HDB flat is an enticing proposition. The new sales launch gives Singaporeans this chance, so we dug into the details of the sales launch in order to help prospective homeowners understand the newest BTO offerings. The Housing & Development Board’s latest Build-To-Order (BTO) sales launch offers Singaporeans an exciting opportunity to purchase a new HDB …

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HDB Launches 5,101 Flats in August 2018 BTO and ROF Exercise

5,101 flats launched for sale on Tuesday (28 August) under the August 2018 Build-To-Order (BTO) and Re-Offer of Balance Flats (ROF) exercise, which includes 4,375 BTO units and 726 ROF units across various towns/ estates. In a press release on Tuesday, the Housing and Development Board (HDB)stated that a wide selection of flats, ranging from 2-room Flexi to Three-Generation (3Gen) …

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You don’t own your flat. The government does.

By categorically stating that the fundamental reason as to why HDB flats only have a 99 year lease on them is to prevent social division is surely simplifying the matter. In his National Day Rally address, Prime Minister Lee Hsien Loong (PM Lee) said that the leases of HDB flats expire so that Singapore will not run out of land …

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HDB flat buyers should be aware that they are “lessees, not owners”, says renowned real estate agent

Licensed real estate agent with International Property Advisor Pte Ltd and co-founder of HugProperty.com, Mr Ku Swee Yong, has recently advised Singaporeans to shed archaic notions and preconceptions regarding ownership of residential property in Singapore, particularly that of Housing and Development Board (HDB) flats. He argued that it would be more beneficial for Singaporeans to “acknowledge that HDB flat buyers …

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HDB: Release of 2nd Quarter 2018 Public Housing Data

4,300 Build-to-Order (BTO) flats in Punggol and Yishun will be offered in August 2018, said Housing and Development Board in a press release on Friday (27 July). The board then said that a concurrent Re-Offer of Balance Flats exercise will also be held at the same time. In the release, the board stated that in the first half of 2018, it …

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