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Housing

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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How do Singapore’s housing market cooling measures affect first-time home buyers?

by ValuePenguin If you’ve been considering purchasing your first home, you may be concerned by the property market cooling measures introduced by the government earlier this month. How will these measures affect you as you plan to purchase your first home? Individuals preparing to purchase their first home typically pay close attention to interest rate changes and other news that will …

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Silver Housing Bonus up to 20k: $60k to CPF, $0 to cash?

Would you downgrade your HDB flat and use all your net sales proceeds to top-up your CPF and get no cash, to get up to $20,000 Silver Housing Bonus? I refer to the HDB’s three-quarter page color advertisement on page B11 of the Straits Times on 21 July “A roof over your head, an income for life” It states that …

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It is high time that HDB rules are updated to suit changing times

Given that the majority of Singaporeans live in Housing Development Board (HDB) flats, consideration needs to be given to how the often rigid rules applied by the HDB need to be updated to suit the changing needs of the country. The HDB was formed in 1960 to address the housing needs of a Singapore that had just gained self-governance from …

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Four hidden costs of condo ownership in Singapore

by ValuePenguin Buying a condo in Singapore can easily set you back more than a million dollars. But even if you have enough cash to buy one, will you have enough enough money to afford the hidden costs that come with it? Property in Singapore is expensive, whether you are looking to rent, buy your first HDB or upgrade to a …

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HDB to look into floating solar panel in the open sea

Housing and Development Board (HDB) is looking into setting up floating solar panels in the open sea to accelerate the adoption of solar energy in the Republic. The board announced on Sunday (8 July) that  it will start a research collaboration with landscaping firm, ISO Landscape to begin research to test its modular system, a support structure that can hold solar …

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