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  • Source Straits Times Created
    Thursday, 25 June 2015

    New two-room flexi housing scheme to allow different lease lengths: Khaw Boon Wan

    National Development Minis-ter Khaw Boon Wan has revealed further details of the new "Two-Room Flexi" housing scheme that he said would give buyers more flexibility.

    He first mentioned grouping studio apartments with two- room flats in the same category in the March Budget debate, offering buyers different lease lengths for the same flat type.

    Last night, he announced the scheme's name on Chinese radio station Capital 95.8FM, saying it will aim to "give buyers more flexible leases depending on their individual needs".

    Categories Latest | HDB Homes | Policies
  • Source Yahoo Singapore Created
    Wednesday, 24 June 2015

    New HDB scheme coming soon

    The housing board will be consolidating two-room flats and studio apartments under a single scheme, revealed National Development Minister Khaw Boon Wan in a Channel NewsAsia report.

    Speaking on Chinese radio station Capital 95.8FM, Mr Khaw said the new scheme, dubbed Two-room Flexi, will allow singles, senior citizens and low-income families to acquire two-room flats at flexible tenures, depending on their individual needs. He added that more details will be announced over the next few weeks, with the unified scheme expected to be launched during the next BTO exercise in August.

    Currently, studio apartments are meant for seniors who have sold their previous flats to finance their retirement. These units come with a 30-year lease and are meant for those who are at least 55 years of age. Two-room flats, which come with a 99-year lease, are meant for singles or families.

    Categories Latest | Policies
  • Source Channel Newsasia Created
    Saturday, 20 June 2015

    Pro-family housing schemes have borne 'good results': Khaw

    SINGAPORE: Pro-family housing schemes have produced “good results”, and the Government plans to study whether it can further help those who wish to buy a resale flat near their parents, National Development Minister Khaw Boon Wan said.

    SINGAPORE: Pro-family housing schemes have produced “good results”, and the Government plans to study whether it can further help those who wish to buy a resale flat near their parents, National Development Minister Khaw Boon Wan said.

    Categories Latest | HDB Homes | Policies
  • Source Channel Newsasia Created
    Saturday, 20 June 2015

    Design, Build and Sell Scheme is losing relevance: Property experts

    SINGAPORE: Property experts say the Design, Build and Sell Scheme (DBSS) is losing its relevance and should be scrapped.

    SINGAPORE: Property experts say the Design, Build and Sell Scheme (DBSS) is losing its relevance and should be scrapped.

    Categories Latest | HDB Homes | Policies
  • Source Yahoo Singapore Created
    Friday, 19 June 2015

    Singapore sees exodus of property agents

    Singapores sluggish property market saw over 2,000 property agents leaving major real estate agencies during the first three months of 2015, as shown in industry data published in the media.

    Notably, there were 23,947 agents as at 1 April, down eight percent from the 26,014 agents towards end-2014. The latest labour market report from the Ministry of Manpower (MOM) showed that the number of people employed in the real estate sector fell by 1,900 between January and March, compared with Q4 2014.

    When the market is going through a lull period, it is only logical that some will seek temporary income-generating jobs or alternatives. Many have in fact left the industry because of poor income, said Institute of Estate Agents (IEA) president Jeff Foo.

    Categories Latest | Policies
  • Source Yahoo Singapore Created
    Thursday, 09 April 2015

    Cooling measures likely to be eased end-2015: DBS

    Home builders are optimistic that the government will soon ease Singapore's hard-hitting property cooling measures. But experts from DBS reckon the authorities will likely tweak such policies at the end of 2015, media reports said.

    This is because it is still too early to revise the curbs as home prices remain relatively high. Prices have only fallen by six percent after peaking in 2013, and DBS feels that such a tiny drop would not warrant an early government intervention.

    We believe that any policy actions will likely come towards the end of 2015 and targeted towards the mass market where the pressure is coming from increased supply completion, the report noted.

    Categories Latest | Private Homes | Policies
  • Source Yahoo Singapore Created
    Saturday, 04 April 2015

    Housing agent arrested

    The police have arrested a property agent for suspected unlicensed money lending practices targeted at HDB flat sellers, media reports said.

    Officers from the Tanglin Police Division acted upon receiving information and carried out investigations on the agent allegedly involved.

    He is believed to have extended loans of $30,000 to each of the three persons who were in the process of selling their HDB flats, the police said in a statement.

    Categories Latest | Policies
  • Source Channel Newsasia Created
    Wednesday, 01 April 2015

    Enhancements to Lease Buyback Scheme to kick in Apr 1

    SINGAPORE: Enhancements to the Lease Buyback Scheme (LBS) will come into effect from Wednesday (Apr 1), the Housing and Development Board (HDB) said on Tuesday.

    SINGAPORE: Enhancements to the Lease Buyback Scheme (LBS) will come into effect from Wednesday (Apr 1), the Housing and Development Board (HDB) said on Tuesday.

    Categories Latest | HDB Homes | Policies
  • Source AsiaOne News Created
    Wednesday, 01 April 2015

    New Lease Buyback Scheme to start on April 1

    SINGAPORE - More elderly HDB flat owners will be able to benefit from the Lease Buyback Scheme (LBS) when changes kick in on April 1.

    In September 2014, the Government announced four key changes to LBS in response to feedback received during the Our Singapore Conversation on Housing.

    Firstly, the new LBS will allow elderly owners of 4-room HDB flats to sell part of their lease back to the Government. This means that up to 75 per cent of elderly HDB households will be eligible for LBS, up from the current 35 per cent.

    Categories Latest | HDB Homes | Policies
  • Source AsiaOne News Created
    Tuesday, 31 March 2015

    No subletting of HDB industrial properties from June 1

    SINGAPORE - From June 1 this year, new and existing tenants of Housing and Development Board (HDB) industrial properties will not be allowed to sublet their industrial properties, the HDB said in a statement on Monday.

    Tenants with existing approved subletting arrangements will be allowed to renew their subletting agreements up to Dec 31, 2017. This is to give them time to make business adjustments.

    Thereafter, they will not be allowed to sublet their properties.

    Categories Latest | Industrial | Policies
  • Created
    Thursday, 24 April 2014

    Technology changing home valuations

    The introduction of the new HDB resale rules has sparked much public discussion about pricing homes versus appraising them.

    Last month, HDB moved its official valuation from before the Option-to-Purchase (OTP) to after it.

    Categories Latest | HDB Homes | Policies
  • Created
    Thursday, 17 April 2014

    Singapore's property market in a standoff

    Singapore's property market has entered a standoff between bargain-seeking buyers and developers sticking to their pricing guns, with March's new home sales dropping 83 percent from a year earlier.

    "Buyers think they can have their cake and eat it," said Alan Cheong, senior director for Singapore at Savills Research. "They are expecting the other side to lose money on their behalf. That idea doesn't work if you have an economy that's fully functioning," he said, citing the city-state's unemployment rate of only 1.5 percent.

  • Created
    Wednesday, 16 April 2014

    Only 15% of Home Buyers Qualify For The Loan They Need. Why Is It So Hard?

    According to a Straits Times report, the number of people who have been able to get a home loan since the implementation of the Total Debt Servicing Ratio (TDSR) regulations last year has dropped dramatically. How badly are people affected? And do you really want to take a gamble on your home purchase when it comes to applying for a home loan?

    Categories Latest | Private Homes | Policies

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