Budget 2023 grants could further increase HDB resale prices, property expert warns

SINGAPORE — The increased CPF housing grants announced in Budget 2023 could further increase HDB resale prices in Singapore, according to a property expert. During the Budget 2023, Deputy Prime Minister and Finance Minister Lawrence Wong said eligible families could receive up to almost S$190,000 in grants when buying a resale flat. Lynlee Foo of … Read more

Netizens urge HDB to investigate another “unoccupied” flat listed for sale

SINGAPORE — Two months ago, netizens uncovered a 5-room Yishun Build-To-Order(BTO) flat left vacant and unrenovated for eight years, with its toilet bowl still wrapped in plastic, up for sale at a price S$690,000 on a property website. Minister of National Development Desmond Lee later stressed that a BTO flat must be owner-occupied for the full … Read more

Toh Yi Drive HDB maisonette sold for S$1.3m, most expensive HDB executive resale flat in Singapore

SINGAPORE—  Just within a month, another HDB maisonette at Toh Yi Drive in Bukit Timah has over taken the previous record holder, as the most expensive HDB executive resale flat in Singapore. Property portal 99.co reported that a Toh Yi Drive HDB resale flat was sold at S$1.3 million transaction, a record-breaking deal in Singapore. Located … Read more

5-room Yishun BTO left vacant and unrenovated for 8 years and up for sale, Desmond Lee says it may breach HDB rules

SINGAPORE — A 5-room Build-To-Order (BTO) flat was never occupied by its buyer and was left vacant for eight years, before being listed for sale in its original condition, even with the toilet bowl still wrapped in plastic. The 1,206 sq ft 5-room corner flat at Block 505A Yishun Street 51 was earlier listed at … Read more

S$750 rental price for Coffin-size room in Yishun, landlord claims it has “superior environment”

SINGAPORE – An advertisement for “a room” for rent on Facebook has received heavy criticism on social media for being a coffin-size room which seems only to fit one single bed and renting out at S$750. Some netizens commented that the price is overly excessive; some sarcastically mocked that maybe the room is more suitable … Read more

4-room Pinnacle@Duxton flat sold for S$1.37m at record S$1,368 psf

SINGAPORE — A 1,001-sqft 4-room (Type S1) flat at the 46-48th floor of Blk 1D of Pinnacle@Duxton has just been sold for S$1.37 million (S$1,369 psf) in October 2022. According to 99.co, this makes it the most expensive 4-room Housing and Development Board (HDB) resale flat in Singapore and the 2nd-highest price ever paid for a … Read more

Analysts note growing trend of foreigners snapping up of shophouses in Singapore; Prices seemingly up as a result

It was reported in the Straits Times today (26 Sep) that a three-storey shophouse on Stanley Street in Singapore’s Chinatown was snapped up by a foreigner for $15.5 million last Sep. In fact, the shophouse was bought by a local only in Jan last year for $11.5 million. In the span of just 8 months, the local … Read more

Contractor Greatearth files to wind up company after abruptly pull out of five BTO projects

Ailing construction company Greatearth, which has abruptly pulled out of five Build-To-Oder (BTO) projects under the Housing & Development Board (HDB) due to financial troubles last week, has reportedly started the process of winding up. Greatearth Corporation and Greatearth Construction were the main contractors for the five BTO projects comprising a total of 2,982 units. … Read more

Netizens say upgrading works not necessary at wards after TCs appeal for higher budgets

The Ministry of National Development (MND) revealed to CNA on Monday (30 Aug) that it had received appeals from Chua Chu Kang and Jurong-Clementi town councils to increase their budgets for the Neighbourhood Renewal Programme. Besides these two town councils, Member of Parliament (MP) for MacPherson SMC Tin Pei Ling also told CNA that she … Read more

No structural concerns with Rivervale Mall, cracks form due to plastering on non-load-bearing wall, says MP Louis Chua

Member of Parliament (MP) for Sengkang Group Representation Constituency (GRC) Louis Chua said on Thursday (26 Aug) that there were no structural concerns with Rivervale Mall, and that the cracks formed on the façade of the mall were due to the plastering on a non-load-bearing wall. In an earlier report, the Building and Construction Authority … Read more