Minister for Transport Khaw Boon Wan assures the young people of Singapore that 50-year-old Housing Board (HDB) flats will continue to appreciate over the next 10 years. On 2 September, Mr Khaw addressed claims that the limited 99-year lease on HDB flats means that the properties are not assets, which is a serious concern with the youth and young adults …
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Minister at the Prime Minister’s Office Ms Indranee Rajah has disputed the widely circulated claim that the Housing and Development Board (HDB) flat owners are merely “tenants” as a result of the 99-year lease, stating that owners actually have a right to sell their HDB flats and pocket the profit made out of their sale. In response to a query …
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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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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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It was reported in the media that at a public feedback forum organized by government feedback unit REACH yesterday (21 Aug), National Development Minister Lawrence Wong now said that a HDB flat sold on a 99-year lease is an asset that will appreciate as the country prospers. This a fundamental tenet of Singapore’s home ownership policy, he said. “There is …
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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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by Chris Kuan National Day Rally navel gazing on housing policy. Yours truly is gratified to be proven correct not just me of course, – the Prime Minister said the 99 year non recourse lease is to allow the governnent to recycle land. That means the government earns land sales revenues over and over again but what he is not …
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The Housing and Development Board (HDB) is currently looking into the case of an HDB flat unit of which the side walls of its balcony had been partially stuffed with newspapers. HDB noted that it was “alerted to a video showing old newspapers within the side walls of a balcony which was completed in 1984”. The Board clarified that it …
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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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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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