Tag Archives: HDB

Finally, its called a circle.

The sixth stage of the Circle Line (CCL6), which will link up Harbourfront and Marina Bay stations, will have three stations: Keppel, Cantonment and Prince Edward.

This will “close the loop” of the line, said the Land Transport Authority (LTA) on Thursday (Oct 29), as it announced the alignment and station locations of the CCL6. The project will be completed by 2025.

It will cost $3.7 billion to build the 4km underground line and stations, and another $2.3 billion to expand the current Kim Chuan depot to stable more trains.

With the CCL6, commuters can enjoy a more direct route to the Central Business District, the Marina Bay Area and Harbourfront.

MRT full

keppel1Circle Line extension  prince1
Source – Straits Times.

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Keep calm and buy Executive Condominium

GOOD NEWS 

Income Ceiling for purchasing of Executive Condominium has been revised from $12000 to $14000, for more info, read HERE

Look no further, contact me @ 98803768 for a non obligation discussion in getting your dream home now.

Click HERE for more Executive Condominium information. 

Keep calm and buy ECSource – HDB

More reason to buy a Resale HDB Flat

KhawHDB and MND have just announced a $20k grant with relatively few restrictions — Proximity Housing Grant (PHG). This will replace the Higher-Tier CPF Housing Grant.

The PHG grant is to help Singaporeans buy a resale flat, with or near their parents or married child.

Starting immediately, eligible Singaporeans will receive a Proximity Housing Grant (PHG) of S$20,000; eligible singles will get a Proximity Housing Grant (PHG) of S$10,000 if they buy a resale flat with their parents.

Good things about this grant –

  • All Singaporeans are eligible for it once in their lifetime – whether they have enjoyed housing subsidies before ( those whom get higher tie HDB grant before are also eligible YEAH ), regardless what their household income is or whether they own private property
  • This PHG grant has NO income ceiling
Proximity Housing Grant (PHG)

HDB Proximity Housing Grant (PHG)

Higher Income Ceilings

Also announced in the same press release are changes to the income ceilings for citizen households buying HDB flats (new and resale) and Executive Condominiums (new). The new ceilings are respectively: $12k for HDB flats and $14k for ECs. This means more people are now eligible to buy these HDB housing units. It shows that MND and HDB are committed to helping Singaporeans own a flat, particularly young couples setting up their first homes.

The last raised the income ceiling in 2011

Source – MND, HDB, Today, Asiaone

Avoid the worst time to sell your HDB

Owners planning to sell their Housing & Development Board (HDB) flats would be wise to study the supply situation and avoid certain peak periods which may weaken their bargaining position. These peak seasons may arise when buyers of executive condominium (EC) dispose their existing HDB flats once they receive keys to their new homes. For instance, more than 6,000 EC units are expected to be completed in 2018, putting the year in the alert zone.

Under HDB rule, upgraders must sell their existing HDB flat within six months from the issuance of the Temporary Occupation Permit (TOP) for the EC. Buyers whose ECs received TOP in 1Q15, for example, would have to sell their existing HDB flat by 3Q15. Such restriction could result in a surge of HDB resale flats entering the market in certain seasons, tipping the market in favour of buyers and putting sellers in a disadvantaged position.

Surveys on certain EC projects showed that such upgraders may account for more than half of new EC buyers. An anticipated 8,800 HDB resale flats therefore could enter the market from now until 4Q19, based on half the 18,083 EC units receiving TOP between 4Q14 and 4Q19. The bulk of these or 3,400 resale flats will come on-stream in 2018, followed by 1,800 units in 2016 (see Table 1 and Figure 1). To put things in perspective, they represent 20% and 11% of total HDB resale volume in 2014 respectively.

Table 1: Estimated TOP dates of EC projects and disposal of HDB flats

Estimated TOP dates of EC projects and disposal of HDB flats

Source: Developers, HDB, URA, The Edge Property

Against this backdrop, sellers might consider putting their units on the market this year instead of 2016 to avoid head-on collision with these upgraders. Another incentive in favour of selling this year would be the clipping of Build-To-Order (BTO) supply from 22,455 units in 2014 to 16,900 in 2015. This could potentially draw buyers back to the resale market and reverse the downtrend in prices. According to latest statistics from HDB, prices of resale flats have declined for seven consecutive quarters for a total of 9.2% from 2Q13’s peak to 1Q15.

Figure 1: Projected supply of HDB resale flats disposed by EC buyers

Projected supply of HDB resale flats disposed by EC buyers

Source: HDB, URA, The Edge Property 

Those looking to sell on a longer time horizon might wish to note several window periods where supply from upgraders would be on a low ebb such as the second half of 2017. Barring any changes in market sentiments, it might be prudent for sellers to err on the side of caution and avoid peak periods that might psychologically empower buyers and put pressure on prices.

The year 2018 will see a strong surge in supply from upgraders of ECs that are currently being marketed such as The Amore,Bellewaters, Bellewoods, Lake Life and The Terrace. Eight more EC projects are expected to be launched this year.

Source - THE EDGE, HDB URA
*This article appeared in The Edge Property Pullout of Issue 677 (May 18) of The Edge Singapore.

Top 10 Most Expensive HDB – 2014

Dear readers, it’s time again to look back on our HDB market in 2014. Is it doing good? According to the Statistic from the HDB and major property firms, the Top 10 most expensive HDB sold till date for the year 2014 all transacted above $900000 (AGAIN ) We have 2 HDB units crossed the 1 Million dollar physiological benchmark.

This year, the Top Most Expensive HDB sold in 2014 breaks the record of last year’s Top Most Expensive HDB ( 2013 )  Sold (Blk 65 Jln Mamor  , $1020,000 ).

It seems like the cooling measures does not cool the ‘ High-end’ HDB market afterall.

Lets take a look below for the Top 10 most expensive HDB transacted this year.

 

#10

Blk 63 Jln Mamor
Type – 3 Room Terrace|
Size – 1270.15
Price – $ 940,000 ,  $740.16psf
Remarks- Rare 3 Room terrace unit, Market, Library

10 - 63 Jln Ma'mor - Google Maps 10 - 63 Jln Ma'mor - Street View

#9

Blk231 Bishan St 13
Type – Executive  Maisonette
Size – 1593.07Sqft
Price – $   950,000 ,  $  596.36 psf
Remarks- Walking Distance to Bishan Park, Catholic High School, Bishan Junction 8 and MRT

9-187 Bishan Street 13 - Google Maps 9-187 Bishan Street 13 - Street View

#8

Blk187 Bishan St 13
Type – Executive  Maisonette
Size – 1571.54 Sqft
Price – $   956,000 ,  $  608.53 psf
Remarks- Walking Distance to Bishan Junction 8 and MRT and interchange.

9-187 Bishan Street 13 - Google Maps 9-187 Bishan Street 13 - Street View

#7

Blk90 Tanglin Halt Rd
Type – 5’I’
Size – 1184.04 Sqft
Price – $   960,000 ,  $   810.81 psf
Remarks- Pretty new flat, 1 Min walk to Commonwealth MRT. Unit sold is on >#40 ( Power la )

9-187 Bishan Street 13 - Google Maps 9-187 Bishan Street 13 - Street View

#6

Blk103 Bishan St 12
Type – Executive  Maisonette
Size – 1754.53 Sqft
Price – $   980,000 ,  $    558.72 psf
Remarks- Rare EM in Bishan. #high floor

9-187 Bishan Street 13 - Google Maps 9-187 Bishan Street 13 - Street View

#6

Blk99B Toa Payoh Lor 2
Type – Executive  Apartment
Size – 1550.02 Sqft
Price – $   980,000 ,  $   632.26 psf
Remarks- Rare EA in Toa Payoh. Pretty young flat in matured town. Walking distance to Braddell MRT

6- 99B Lor 2 Toa Payoh - Google Maps 6- 99B Lor 2 Toa Payoh - Street View

#6

Blk2 Toh Yi Drive
Type – Executive  Maisonette
Size – 1657.66 Sqft
Price – $   980,000 ,  $   591.43 psf
Remarks- 1 Min walk to future Beauty World MRT and market. Near to various tertiary education institution. 

6 - 2 Toh Yi Dr - Google Map 6 - 2 Toh Yi Dr - Street View

#3

Blk59 Jln Mamor
Type – 3 Room Terrace
Size – 1937.52 Sqft
Price – $ 993,888 ,  $   513.11 psf
Remarks- Rare 3 Room terrace unit, Market, Library

3 -59 Jln Ma'mor - Google Maps 3 -59 Jln Ma'mor - Street View

#2

Blk190 Bishan St 13
Type – Executive  Maisonette
Size – 1614.60 Sqft
Price – $ 1,000,000 ,  $   619.58 psf
Remarks- Walking Distance to Bishan Junction 8 and MRT and interchange. >#19

2- 190 Bishan Street 13 - Google Maps 2- 190 Bishan Street 13 - Street View

#1

Blk194 Bishan St 13
Type – Executive  Maisonette
Size – 1614.60 Sqft
Price – $   1,088,888 ,  $674.65 psf
Remarks- Walking Distance to Bishan Junction 8 and MRT and interchange. >#22

1-  194 Bishan Street 13 - Google Maps 1-  194 Bishan Street 13 - Street View

 

Guys, if you are staying in Bishan, congrats. Out of the Top 10 Most Expensive HDB flat in Singapore, 5 came from Bishan. And 2 of them has transacted $1000000 or above. Frankly speaking, Bishan is very convenience with 2 MRT lines and various famous school are located there. No wonder it is so popular among Singaporean.

 

To know how much your property worth in today’s market, simply ‘LIKE‘ my Facebook page & SMS me 98803768 with the following details. I shall present you a detail report on your property.

SMS <VALUE> ‘PROPERTY ADDRESS’, ‘PROPERTY TYPE’, ‘NAME’ to 98803768

Example – <VALUE>’blk 1 Tiong Bahru Road #03-03 ‘ 5’A’ ‘Peter’

Hear from you guys soon!!!

Source - HDB
Photo and Maps - Google

Public Housing Development at King George’s Avenue

A 1.23 ha plot of land at the junction of Syed Alwi Road and King George’s Avenue will be developed for public housing . The land is zoned for residential use in the Master Plan.

The land comprises mainly vacant State land and a private industrial property at No. 16 King George’s Avenue. To facilitate the public housing development, the Government will be acquiring the private property under the Land Acquisition Act. The Singapore Land Authority (SLA) has gazetted the land affected by the acquisition today. SLA and HDB are in touch with the affected landowner to assist with any queries and concerns.

Street view - King George's Avenue

More information on the future public housing development will be provided when the plans are ready.

Public Housing Development at King George's Avenue

Source – HDB

SERS – Transform Dawson estate

HDB has announced its latest plans to transform the Dawson estate. This is part of its efforts to create a new and improved living environment for residents, while injecting greater vibrancy by attracting younger families to the estate. 3,700 new units of 2- to 5-room flats will be built in Dawson by 2020, to serve as replacement flats for residents at Tanglin Halt estate which has been identified for Selective En Bloc Redevelopment Scheme (SERS), said the Housing Development Board (HDB) . The Selective En bloc Redevelopment Scheme (SERS) is part of the Government’s Estate Renewal Strategy to give a new lease of life to older estates. SERS offers flat owners the unique opportunity to move to a new home with a fresh 99-year lease, while at the same time remain close to their neighbours.

 HDB will develop five land parcels in Dawson with new facilities, as follows:
    •  About 3,700 units of 2-room, 3-room, 4-room and 5-room flats;
    •  An array of commercial facilities comprising 30 shops, four eateries and a supermarket; and
    •  A hawker centre.

Location Plan of Replacement Sites in Dawson Estate

 

Residents at Tanglin Halt estate which has been identified for Selective En bloc Redevelopment Scheme (SERS):

  a) Blocks 24 to 38, 40 to 45 Tanglin Halt Road

 b) Blocks 55, 56, 58 to 60, 62 to 66 Commonwealth Drive.

Profile of Tanglin Halt and Commonwealth Drive

The new flats at Dawson, expected to be completed in 2019/2020, range from 2- to 5-room units. They are near the Queenstown MRT Station and Dawson Place, an HDB neighbourhood shopping complex. Facilities such as shops, eating establishments and schools are also a stone’s throw away.
Profile of replacement site
New Commercial Facilites in Dawson
An array of new amenities will be built in the five new precincts in Dawson, comprising 30 shops, a supermarket, four eateries and social/communal facilities such as childcare centres, education centre, student care centre and senior citizen centre. Together with the current facilities at Dawson Place and upcoming facilities at SkyVille@Dawson and SkyTerrace@Dawson (5 shops, an eating house, a supermarket), they will serve the residents living in Dawson.

 

Land Parcels
Commercial / Social Communal Facilities
Site A
· 19 shops, a supermarket, a hawker centre and HDB Queensway Branch
· An education centre, a student care centre and an RC centre
Site B
· Three shops, a minimart and an eating house
· A childcare centre and a senior citizen centre
Site C
· Two shops, a minimart and a cafe
Site D
· A minimart and a café
Site E
· Two shops, a minimart and a café
· A childcare centre

 

Source – HDB

2 Executive Condominium Housing Development Sites at Yishun

On  27 Mar 2014,  the Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) will be releasing three residential sites for sale in March 2014 under the 1st Half 2014 (1H2014) Government Land Sales (GLS) Programme in order to provide developers and home buyers with more choices for private housing,  Together, these three sites can yield about 1,300 residential units. The two Executive Condominium sites at Yishun Street 51 are launched for sale under the Confirmed List.  I guess the winning developers will leverage of the superior geographical advantage of these 2 plot of lands and oriented most units  to face the Orchid Park Country Club Golf Course and the Lower Seletar Reservoir. Cool. Home owners may admire a panoramic view of Seletar Reservoir and Orchid Country Club’s golf course from the comfort of their own home which is hard to find in Singapore now a days where views are often obstructed by high rise buildings.  So potential buyers , stay tuned.  

View of Ochird Country Club Golf Course

View of Ochird Country Club Golf Course

Below are the details of the sale sites –

Proposed Development Executive Condominium Housing
Location Yishun Street 51 (Parcel A)  (PDF 311KB) Yishun Street 51 (Parcel B)  (PDF 310KB)
Site Area 17,940.20 sq m 18,260.40 sq m
Maximum GFA 
[GPR]
50,232.56 sq m
[2.8]
51,129.12 sq m
[2.8]
Maximum Building Height 56m AMSL 56m AMSL
Estimated Dwelling Units 490 520
Lease Term 99 years 99 years

As of 22/5/2013 12 noon, 6 bids were received for Yishun Street 51 (Parcel A) and 8 bids were received for Yishun Street 51 (Parcel B) . 

The details of the provisional tender results are below:

I) Executive Condominium Housing Site at Yishun Street 51 (Parcel A)

S/N
Name of Tenderer
Tender Price
($)
$psm/GFA
($)
1
Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.
$178,500,000
$3,553.47
2
Sim Lian Land Pte Ltd
$174,800,000
$3,479.81
3
Nanshan Group Singapore Co. Pte. Ltd.
$173,100,000
$3,445.97
4
FCL Tampines Court Pte. Ltd. and KH Capital Pte. Ltd.
$171,980,000
$3,423.68
5
Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Investment Focus Pte Ltd
$157,350,000
$3,132.43
6
Wee Hur Development Pte Ltd
$145,000,000
$2,886.57

 

ii) Yishun Street 51 (Parcel B)

S/N
Name of Tenderer
Tender Price
($)
$psm/GFA
($)
1
JBE Holdings Pte Ltd
$184,130,000
$3,601.27
2
Nanshan Group Singapore Co. Pte. Ltd.
$176,200,000
$3,446.18
3
Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.
$176,000,000
$3,442.27
4
FCL Tampines Court Pte. Ltd. and KH Capital Pte. Ltd.
$164,010,000
$3,207.76
5
Wee Hur Development Pte Ltd
$155,000,000
$3,031.54
6
Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Investment Focus Pte Ltd
$154,730,000
$3,026.26
7
Sim Lian Land Pte Ltd
$150,280,000
$2,939.23
8
CEL Residential Development Pte Ltd
$138,800,000
$2,714.70

 

Source - HDB

Government Land Sales (GLS) Programme – 1H2014

The Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) will be releasing three residential sites for sale in March 2014 under the 1st Half 2014 (1H2014) Government Land Sales (GLS) Programme to provide developers and home buyers with more choices for private housing. Together, these three sites can yield about 1,300 residential units. The two Executive Condominium sites at Yishun Street 51 are launched for sale under the Confirmed List, while the residential site at Margaret Drive will be made available on the Reserve List.

North residents, it’s chance for your to upgrade. Almost 1000 EC units available in near future.

 

Government Land Sales (GLS) Programme

 

Location PLan - Parcel A Location PLan - Parcel B Location PLan - Parcel C

Good news or bad news?

Cash-over-valuation (COV) for Housing and Development Board (HDB) flats dropped $2,000 from December 2013to hit $3000 on Jan 2014 . The median COV of $3,000 is on par with the previous low in June 2009 during the Global Financial Crisis.

Eight out of 28 HDB towns recorded zero or negative median COV. Sengkang and Punggol led the drop with zero negative overall COVs, while Bishan, Geylang, Jurong West, Sembawang, Woodlands and Yishun recorded zero overall median COV.  We can see that sellers in traditional popular towns such as Bishan ( * Yes, BISHAN ) and geylang which is nearer to city are becoming more realistic now. *Refer to the diagram below

COV 2014 Jan Map

Almost 30% per cent of HDB resale deals were closed below valuation in Jan 2014, an increase from the 20.4 per cent that closed below valuation in December 2013.

Overall, HDB resale prices gained a  0.3 per cent in January 2014. On a year-on-year basis, January’s resale volume posted a 34.6 per cent drop from 1,365 flats sold over the same month of last year to 893 this year.

HDB median rents however are stable with median rents at S$2,300 in January, after two consecutive monthly drops in November and December 2013.

Source : Straits Time, SRX, HDB, CNA 

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