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Subscribe to this list via RSS Blog posts tagged in Potong Pasir
A commercial and residential site next to Potong Pasir MRT Station launched for sale on the confirmed list of the Government Land Sales Programme is expected to draw four to eight bids.

Property consultants' forecasts for the top bid varied from $650 to $900 per square foot of potential gross floor area. The tender for the site closes on Aug 19.
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The Urban Redevelopment Authority's second quarter flash estimates showed that its benchmark private home price index rose 0.8 per cent from Q1, supported by a 3 per cent escalation in prices of non-landed homes in suburban areas. This compares with respective increases of 0.6 per cent and 1.4 per cent in Q1.

Property consultants and analysts seem loath to forecast price drops in the near future despite predicting a decrease in the number of transactions for private homes after Friday's rollout of standardised guidelines for financial institutions to implement a total debt servicing ratio (TDSR) not exceeding 60 per cent of a borrower's gross monthly income, when granting property loans.
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It was a day of contrasts for two 99-year-leasehold private condo releases yesterday. They both had a similar sort of average pricing - in the $1,400-$1,500 per square foot (psf) band - but one is in a city-fringe location, next to Potong Pasir MRT Station, while the other is in the suburbs, in Clementi. As expected, the project closer to town drew more buyers.

Tuan Sing, which decided to begin sales at its 332-unit Sennett Residence project yesterday evening - instead of on Saturday as earlier planned - had already sold 175 units by 10.30pm yesterday. Tuan Sing's CFO Chong Chou Yuen said the group had collected nearly 500 cheques and seeing there was "more than enough demand", decided to bring forward the launch date.
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HUDC units were introduced in the 1970s for middle-income families who could afford bigger flats. There were 18 HUDC projects, comprising 7,731 units. All were on 99-year leases.

The Housing Board stopped building them in 1987 after private property prices fell and interest in HUDC units dwindled.

In 1995, privatisation was introduced for these estates, to give the owners control over their homes. The process of privatisation is by way of public announcement and designation in the Government Gazette.

Once owners of at least 75per cent of the flats support privatisation, the leases can be converted to strata titles.

HDB's lease conditions are then lifted, effectively making them private property.

The process of legally transferring the title from the Housing Board to flat owners takes about 21/2 years to complete.

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Posted by on in Uncategorized

HUDC units were introduced in the 1970s for middle-income families who could afford bigger flats. There were 18 HUDC projects, comprising 7,731 units. All were on 99-year leases.

The Housing Board stopped building them in 1987 after private property prices fell and interest in HUDC units dwindled.

In 1995, privatisation was introduced for these estates, to give the owners control over their homes. The process of privatisation is by way of public announcement and designation in the Government Gazette.

Once owners of at least 75per cent of the flats support privatisation, the leases can be converted to strata titles.

HDB's lease conditions are then lifted, effectively making them private property.

The process of legally transferring the title from the Housing Board to flat owners takes about 21/2 years to complete.

Hits: 103085
Rate this blog entry:
0
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