HDB resale prices up 5% last year

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SINGAPORE: Resale prices for flats rose 5 per cent last year while the number of transactions increased 4.4 per cent, said the Housing and ...

The number of resale transactions in the fourth quarter fell by 1.9 per cent compared with the previous three months. On a year-on-year basis, however, transactions were up 20.6 per cent.HDB said it will launch about 3,700 Build-To-Order flats in February, its first sales exercise for the year. The flats will be located in Bukit Batok, Kallang Whampoa, Tengah and Toa Payoh.

A new type of public housing with senior-friendly design features and subscription to care services will also be launched in the February sales exercise in Bukit Batok. Known as Community Care Apartments, the flats are for those aged 65 and above. Buyers can choose a lease ranging from 15 to 35 years, but the flats cannot be resold or rented out.

Eligible seniors will have to subscribe to a compulsory basic care package, with the option of adding on more advanced care services.

 

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