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Subscribe to this list via RSS Blog posts tagged in punggol

Two-room flats and studio apartments will be unified into a single scheme by the next Build-to-Order (BTO) exercise in August, said National Development Minister Khaw Boon Wan.

The two Housing Board schemes are currently different as they serve different clientele, he told The Straits Times.

Studio apartments, meant for elderly home owners using a previous flat to fund their retirement, have a 30-year lease and are for those aged at least 55.

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The number of Housing Board flats being sold below valuation has rocketed, as tighter mortgage rules eat into demand.

According to HDB's latest figures, 105 units were sold in October for less than their appraisal. This accounted for 7 per cent of the total resale volume, a marked increase on the average 0.3 per cent for each month of the first half of the year.
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Waterbay-EC-Entrance
Some 206 of the 383 units available at Chinese developer Qingjian Realty (South Pacific)'s executive condominium (EC) project, Waterbay, were sold by 5pm yesterday, the first day bookings opened. Property consultants had earlier expected it to garner healthy interest from buyers because of its location.

The development, which sits at the junction of Punggol Central and Edgedale Plains, is a seven-minute walk to the Punggol MRT station, Punggol bus interchange and future shopping mall Waterway Point.
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Punggol Town Phrase 2 Unveiled

Punggol Next Phrase
The Housing & Development Board (HDB) yesterday unveiled plans for the next phase of Punggol's development, including a new Northshore District that will be carved out for more seafront public housing.

Northshore District will be one of seven distinct waterfront housing areas, of which Waterway East and Waterway West Districts are already under development.
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The executive condominium (EC) market is facing a potential supply glut as the government rolls out a record number of EC sites.

A total of 25 EC sites (from both Confirmed and Reserve list) were released to the market via the Government Land Sales (GLS) programme between H1 2010 and H2 2012.

This year, 11 sites were put on the Confirmed List (one site was moved from the Reserve List in H1 2012 to the Confirmed List in H2 2012). The site at Upper Serangoon View/Upper Serangoon Road (developed into Heron Bay) has since been launched for sale.
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