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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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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Coming Sembawang Hot Spring redevelopment draws mixed response

SINGAPORE: For Aster Lee, going to the Sembawang Hot Spring was relief of more than one kind.

Ms Lee made her first visit to the hot spring along Gambas Avenue in April together with a group of brisk walkers. It was a place that she had been keen to visit for quite a while, she said. The 62-year-old retiree said she had also been having knee aches since spraining it last December, but felt some of the pain ease after soaking her legs in the hot water.

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Two new public housing projects to be built in Toa Payoh

SINGAPORE: Two new public housing projects will be built at Caldecott and Toa Payoh East in the next five to 10 years, announced the Housing and Development Board (HDB) on Saturday (Apr 22).

The two projects could yield a few thousand units, said HDB. The Caldecott housing estate, which will be about 10 hectares, will be located next to Caldecott MRT station – along the Circle Line and the future Thomson-East Coast Line – and close to the Toa Payoh West Market and Food Centre.

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