SINGAPORE: Sellers of Housing and Development Board (HDB) flats will be able to negotiate with their buyers for a temporary extension of stay in their flats, allowing them to stay in their former homes for up to three months, the HDB said on Tuesday (July 22). 

The new rule, which takes immediate effect, will facilitate sellers who are transiting to their next homes, including those who may need more time for renovation or those awaiting funds from the sale of their current flats, the HDB said.

Read Full Article on: http://www.channelnewsasia.com/news/singapore/hdb-resale-flat-sellers/1276276.html?cid=FBSG

The HDB said today (Jan 16) that the new quota will be imposed with immediate effect and applies to Permanent Residents and foreigners, but excludes Malaysians, ….

The new quota however, will not apply to the subletting of rooms.

Read full article on:

http://www.todayonline.com/singapore/hdb-announces-quota-subletting-flats-foreigners

SINGAPORE: Three new housing areas will be launched over the next few years, offering 40,000 new homes in all. They are Punggol Matilda, Tampines North and the new centrally-located estate of Bidadari.

From waterfront living at Punggol Matilda, to a boulevard park at Tampines North, and preserving the heritage and greenery at Bidadari — these plans were unveiled by National Development Minister Khaw Boon Wan at the HDB’s “Future Homes, Better Lives” Exhibition.

Read Full Article on:

http://www.channelnewsasia.com/news/singapore/hdb-unveils-plans-for/795294.html#.Uh9vL79BL3A.facebook

27 Aug 2013 05:30 PM

The Government is introducing four additional measures to help middle-income Singaporeans afford their first home and low-income families upgrade to larger flats, and to facilitate mutual care and support for multi-generation families. In addition, we are introducing two measures to further stabilize the HDB resale market.

<br></br>

(IV) Measures to Further Stabilise the HDB Resale Market

(e) Revision of Mortgage Loan Terms

To ensure financial prudence in purchase of public housing and discourage over-consumption, we will reduce the maximum tenure for HDB housing loans from 30 years to 25 years. The Mortgage Servicing Ratio (MSR) limit will also be reduced from 35% to 30% of the borrower’s gross monthly income (see Annex C for details). These measures are in line with those introduced by the Monetary Authority of Singapore (MAS) to encourage financial prudence among borrowers, which is especially important given that the current low interest rate environment is unlikely to be sustained.

In tandem, the MAS will reduce the maximum tenure of new housing loans and re-financing facilities granted by financial institutions for the purchase of HDB flats (including DBSS flats) from 35 years to 30 years. New loans with tenures exceeding 25 years and up to 30 years will be subject to tighter loan-to-value (LTV) limits .

(f) Requiring Singapore Permanent Resident Households to Wait Three Years

Currently, Singapore Permanent Resident (SPR) households, i.e. SPR households with no Singapore citizen owner, may buy resale HDB flats as soon as they acquire SPR status.

We have reviewed this policy and have decided that SPR households should wait three years from the date of obtaining SPR status, before they can buy a resale HDB flat.

This measure will apply to resale applications received on or after 27 Aug 2013, 5:30pm.

Read the Full Article on:

http://app.mnd.gov.sg/Newsroom/NewsPage.aspx?ID=4767&category=Press%20Release&year=2013&RA1=&RA2=&RA3

From Tuesday, eligible singles will be able to apply for new two-room flats in non-mature estates from HDB.

Read the Full Story at

http://www.channelnewsasia.com/news/singapore/4-079-new-bto-flats/760462.html?cid=FBSG

AMENITIES (APPROX DISTANCE)

Please contact 98531741 for a No Obligation discussion or viewing appointment!

Full Article:

DBS unveils first-of-its-kind HDB loan – Property Auctions News, Property Investment | PropertyGuru.

Full Article:

http://www.channelnewsasia.com/news/singapore/resale-prices-of-hdb-flats-up-1-2-/623216.html

A total of 3,898 flats were launched in this month’s Build-To-Order exercise. They are all in non-mature estates of Sengkang, Punggol and Bukit Batok.

Analysts say this may be one reason why there has been a small dip in the overall application rates.

Full Article:

Four- and five-room flats in Punggol most popular among first-time home buyers – Channel NewsAsia.

Ms Alice Tan, Senior Manager, Consultancy & Research, Knight Frank, said: “The authorities can consider some innovative ways of offering housing options for these singles such as a dual-key concept such as having a 2-room HDB flat with a studio apartment for their elderly parents. Perhaps such dual key concepts could appeal to singles who want to live near to their parents.”

Full Article:

More singles return to HDB resale market – Channel NewsAsia.