Shorter, streamlined process for HDB resale transactions from next year

The new HDB Resale Portal to be launched next year aims to shorten the resale transaction process by up to eight weeks, down from the current 16 weeks.

SINGAPORE: The Housing and Development Board (HDB) will launch a new resale portal to reduce the transaction time for buying and selling HDB flats, it announced on Thursday (Oct 19).

The HDB Resale Portal will be launched in January next year to process new resale applications. It aims to cut the time taken to complete a resale transaction by up to half the 16 weeks currently required.

Minister for National Development Lawrence Wong had earlier announced in this year’s Committee of Supply debate that his ministry will leverage technology to streamline the transaction process for resale flats.

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Private home sales continue upward climb in July

SINGAPORE: A total of 1,108 private home units – excluding executive condominiums (ECs) – were sold last month on the back of more project launches, according to the latest figures from the Urban Redevelopment Authority (URA) on Tuesday (Aug 15).

The figure is a 35.1 per cent increase from the 820 units sold in June, which saw stronger-than-expected sales despite it being the school holiday period. Including ECs, property developers sold 2,086 units in July, almost double of June’s 1,064 units.

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5,200 homes launched in August BTO exercise, first re-offer of balance flats

SINGAPORE: A total of 5,291 flats were put up for sale by the Housing and Development Board (HDB) on Tuesday (Aug 1), and it also marks the launch of the first Re-Offer of Balance Flats (ROF) exercise.

Under the Build-To-Order (BTO) exercise, 3,897 flats were put up for sale, and these range from two-room Flexi to five-room flats. They are spread across three projects in the non-mature towns of Bukit Batok and Sengkang, the housing board said in its press release.

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HDB resale transactions jump 32.5% in Q2, despite prices remaining flat

SINGAPORE — The resale market for Housing and Development Board (HDB) flats saw a jump in the number of transactions last quarter, despite prices remaining mostly unchanged, according to figures released by HDB on Friday (Jul 28).

Resale transactions rose 32.5 per cent in the April to June period, rising from 4,530 to 6,001 transactions. Prices fell by just 0.1 per cent, with the Resale Price Index inching down from 133.9 to 133.7 in the second quarter.

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HDB to build 2,000 flats next to Pasir Ris Park as part of town’s renewal plans

SINGAPORE: About 2,000 more public housing flats and a new mixed-used development that’s integrated with the bus interchange will be built in Pasir Ris in the next few years, announced the Housing and Development Board (HDB) on Saturday (29 Apr).

The new flats, which will be launched in three to five years, will be located next to Pasir Ris Park, and near elevated cycling and pedestrian paths that are being planned to provide direct connection from the town centre to the park, said HDB.

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