Adapted from The Edge Property, CBRE / by Tay Hock Meng | September 23, 2015
A bumper crop of 12,000 new Built-to-Order (BTO) flats will be launched for sale by the HDB in November, says Minister for National Development Khaw Boon Wan in his blog on Sept 23.
The decision to postponement the September BTO launch was to enable the government to finalise three major housing policies announced by Prime Minister Lee Hsien Loong in his National Day Rally Speech. The three schemes are – a new 2-Room Flexi Scheme, an increase in the income ceiling, and enhancements to the Special CPF Housing Grant.
“These three policies will further enhance affordability and build flexibility into our housing options,” says Khaw. “The delay will enable as many Singaporeans as possible to benefit from these new these initiatives, starting from the very next BTO launch.”
The delay will mean a bumper crop of about 7,000 BTO flats in six HDB towns across the country: Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol Northshore and Sengkang. The HDB will also concurrently launch 5,000 flats for sale under the Sale of Balance Flats (SBF) exercise. This means there will be a combined launch of 12,000 new flats at one go.
News adapted from The Edge Property, Colliers International | September 23, 2015 By Michael Lim
A Good Class Bungalow (GCB) in the Windsor Park GCB area located off Upper Thomson Road has been put up for sale by tender. The indicative price of the GCB is $27 million or $1,280 psf. The property sits on a freehold land area of 21,091 sq ft.
Sitting on the land is a 1950s bungalow, which can be redeveloped into a new GCB, according to Colliers International, the marketing agent for the property. The site is located on one of the highest vantage points in the estate. According to Colliers, there are only 34 GCBs in the Windsor Park estate. There are very few GCBs in the estate that are offered for sale. According to caveats lodged, the most recent transaction of a GCB in Windsor Park was more than two years ago when a GCB sitting on a 22,481 sq ft site was sold for $25.3 million ($1,125 psf) in Jan 2013. Another newly completed GCB at Windsor Park by Simon Cheong’s private investment company, SC Homes, was sold for $27 million ($1,400 psf) in December 2012. The new GCB sits on a 19,280 sq ft of freehold site.
The GCB at Windsor Park that’s on the market will be sold by tender that closes on October 21, according to Colliers.
Both property news portal The Edge Property and Property Guru reported today the down number in property sales transactions, owing to fewer new launch projects and hungry ghost month. Below is the news from The Edge Property posted today (15 Sep 2015) by Lin Zhiqin.