Singapore News - About 10,000 new homes could be built on a large tract of land in Fernvale North in Sengkang, based on proposed plans for a residential area next to the Tampines Expressway (TPE). In a proposed amendment to the Urban Redevelopment Authority’s (URA) master plan released on. Read more at www.tnp.sg
Singapore News - Prices of Housing Board resale flats rose by 4.9 per cent in 2023, marking the slowest year-on-year growth since the 0.1 per cent increase recorded in 2019 before the pandemic. In 2023, HDB resale flat prices grew less than half of the 10.4 per cent increase seen in 2022,. Read more at www.tnp.sg
Singapore News - Fewer buyers paid cash-over-valuation (COV) for their resale Housing Board flats in 2023, with about 15 per cent of buyers forking out COV for their units in the last three months of the year. This is down from almost 30 per cent of resale HDB flat buyers paying COV for. Read more at www.tnp.sg
The worst is likely over for the luxury property segment globally, with prime home prices set to rise more than previously anticipated in 2024, according to Knight Frank’s Global Prime Residential Forecast.
Singapore News - The Housing Board will extend the validity of all existing and new HDB Flat Eligibility (HFE) letters from the current six months to nine months, to give new and resale flat buyers more time to secure their home. The move will also reduce the number of subsequent. Read more at www.tnp.sg