Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Navigation
Primary Navigation
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Top Stories
Most Popular
Secondary Navigation
Government
Education
Search
Search:
HDB to offer 4,000 smaller flats over the next two years
Channel NewsAsia - Friday, December 19
SINGAPORE: The Housing and Development Board (HDB) has launched a new Build—To—Order (BTO) project at Yishun. It has the highest proportion of smaller flat types among BTO projects ever. This is in line with HDB’s plan to supply more smaller flats.
The latest Build—To—Order project is Dew Spring@Yishun. 43 per cent of its 864 units are 2— and 3—room flats, the largest proportion in a BTO project so far.
Tan Poh Hong, deputy CEO, Estates & Corporate, HDB, said: "We are looking into building smaller flats because we think there will be people who need to downgrade to smaller flats as well as first—timer families who also would like to start with a smaller flat in order to be financially prudent."
2—room flats at Dew Spring will cost S$76,000 to S$90,000.
3—room flats will cost S$120,000 to S$146,000 and 4—room flats will cost S$197,000 to S$238,000.
For the first time, HDB also provided prices of nearby resale flats to highlight the subsidy HDB buyers enjoy.
There are no 2—room flats nearby for comparison. HDB said it uses a market—based approach in pricing the flats.
First, professional valuers work out an equivalent market price. Then HDB makes adjustments to reflect individual attributes such as design and location before a subsidy is determined.
If market prices fall in the months ahead, then HDB flats will become cheaper, just as the converse is true.
HDB said it expects demand for Dew Spring@Yishun to be good despite the current economic downturn.
A Build—To—Order project in Punggol launched last month was 3.2 times oversubscribed, demonstrating that demand for public housing continues to remain strong unlike that for private developments.
There are plans for another 1,180 units to be launched by year’s end including 280 units of smaller flats.
In the next two years, HDB will offer 4,000 smaller flats which is welcomed news for those hit by the financial crisis and want to downgrade. — CNA/vm
Email Story
IM Story
Printable View
Blog This
Recommend this article
Average (0 votes)
Sign in to recommend this article »
Most Recommended Stories »
Related Articles: Singapore
Yachting: Telefonica Blue team first to reach Singapore in Volvo Ocean raceChannel NewsAsia - Tuesday, December 23
FIDReC expands resources to handle expected increase in complaintsChannel NewsAsia - Tuesday, December 23
MOM’s survey shows more employers providing family—friendly benefitsChannel NewsAsia - Tuesday, December 23
Builders must be licensed by June 2009 to carry out building worksChannel NewsAsia - Tuesday, December 23
MOVES-Standard Chartered, HiscoxReuters - Tuesday, December 23
Most Popular – Singapore
Viewed
OECD forecast deepens gloom as world stocks slip
Let poor eat caviar: Milan authorities
New Year's hangover? Take two eels and call me in the morning
Quake zone hero pig named China's animal of the year
Actress Jennifer Aniston appears naked in GQ magazine
View Complete List »
Search:
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Top Stories
Most Popular