Singapore — Set up in the 1960s to solve the nation’s housing crisis, HDB flats have today become a Singapore icon that is synonymous with quality and affordable living.
Clustered into towns, HDB neighbourhoods are vibrant living environments that have a huge cultural significance to our collective identity, because 80% of our residential population live in them.
Even if you don’t live in a HDB flat, you would have come across or utilised some of the amenities in a HDB neighbourhood, whether it is a hawker centre, the neighbourhood mall, clinic or sports centre. But while a myriad of commercial, recreational and social amenities can be found in all HDB neighbourhoods, the truth remains that certain neighbourhoods do stand out above the rest.
In this article, we pick the top 5 HDB neighbourhoods (in no particular order) with the best range of amenities based on their proximity to the following:
Woodcress HDB BTO (houzz.com.sg)
A dream flat comes at a price. Here’s how much you should be prepared to spend on your HDB renovation.
By Timothy Ho, via dollarsandsense.sg
Renovation is one of the few big-ticket items that you will need to spend on after purchasing your home, be it a BTO/resale HDB flat or a private property. And while we all want to beautify and enhance our homes, renovation can be a costly and stressful affair.
This is especially true for new homeowners who may be overwhelmed and at a lost on where or how to start planning for their renovation. How much should I set aside in order to achieve my dream home? How can I minimise costs, while maximising utility? And with so many renovation horror stories in the news, how can I safeguard my renovation project and deposits?
To help you answer these questions and start planning for your renovation, we share some helpful renovation insights and tips. Firstly, start your preparation and research by finding out how much it costs to renovate in Singapore – having such an understanding will enable you to make a more informed decision on what you can afford, and if you need to start saving up.
By Kate Burt, via houzz.com.sg
While a complete renovation may not be cost-effective (and, besides, people often like to put their own stamp on a place), there are a number of things you can address to give potential buyers a good feeling about your washspace.
Read on to see if there are any changes you can make to your bathroom to get the offers flowing in. Or hit the ‘Save’ button above to bookmark this handy guide for future reference.
By Kalpana Rashiwala, via businesstimes.com.sg
It is in the collective consciousness of Singaporeans that owning property is a big part of being – and getting – rich. For many families in Singapore, investing in property has proven to be a good way to preserve, if not enhance, their wealth and to build up a retirement nest egg. Veteran property consultant Tan Tiong Cheng, president of Knight Frank Asia Pacific, recalls that in the early 1970s, one could buy a freehold terrace house in the Siglap area for about S$25,000 to S$30,000; today you’d pay S$2.7 million to S$3 million for one. Similarly, a semi-detached house in the vicinity would have cost in the ballpark of S$35,000 to S$40,000 back then; today’s prices are S$4 million to S$4.5 million. “So in both cases, prices today are about 100 times what they were nearly five decades ago,” he said.
By Joanne Poh, via moneysmart.sg
There’s been a lot of talk lately about whether Housing Development Board (HDB) flat owners really own their flats, or whether they’re just tenants on a 99-year lease.
We can argue about this until the cows come home, but deep down, what Singaporeans really care about is whether there is money to be made out of that HDB flat.
For older flats, (right now, that generally means those with 50 years or less left), be prepared to see a huge drop in value once they start creeping towards the tail end of their leases. For instance, there will be no point to get a resale HDB flat if there are only 35 years left on the lease.
Once the resale value of a flat begins to fall, it’s time to start praying that it will be selected for the SERS, or that you and your neighbours can band together to get it redeveloped under the newly-announced VERS.
So you’d like to start anew with a very nice home. The problem is, home renovation can burn a large hole in your pocket. But there are ways where you can slash down the cost while still getting your dream home. Here are some home makeover hacks which you can work within your budget.
By Clara Lim, via moneysmart.sg
Is it just me or did this year’s National Day Rally feel like a rundown of recent movie blockbusters? “From the creators of SERS, HIP, Pioneer Generation and CHAS, we now have VERS, HIP II, Merdeka Generation and CHAS: The Sequel.”
Here’s a list of the government’s latest reboots, remakes and sequels that PM Lee Hsien Loong announced during the National Day Rally 2018: