November 2020

Driven by the ongoing recovery in global trade and the resilient domestic demand, the Singapore economy is expected to expand by 2.7 percent this year

Applicants who did not receive any confirmation email are advised to try again. HDB reminds that successful applicants will be determined by a computer ballot, and not on a first-come, first-served basis.

The five-room flats at Toa Payoh’s Bartley Beacon project received more than five applicants for each of the 144 units offered as at 5pm on Wednesday.

With a total land area of 3,449.60 sq m or 37,131 sq ft, the property comprises 15 adjoining two-storey terrace homes and is the largest private residential transaction to date this year.

In Singapore, Chinese buyers accounted for nearly 25% of the total foreign property acquisitions during the first three quarters of 2020, showed Cushman and Wakefield data.

The 99-year leasehold site has an area of 21,514.0 sq m and can yield up to 600 housing units.

As at 5pm on Monday, Bartley Beacon’s 144 five-room flats received over six first-time applicants each, while the 1,222 four-room flats at Bishan Ridges also received robust interest with close to five first-time applicants each.

The survey revealed that about one third or 31% of the respondents encountered difficulties with their housing loan payments, with 9% indicating that they need to downgrade or sell.

The two-storey freehold property occupies a land area of 288.0 sq m (3,100 sq ft), and is expected to sell at $2,500 per sq ft.

Experts observe that the flats in Sembawang, Tampines and Tengah are expected to attract “fairly healthy applications”, though they would not be as hotly contested as those in Bishan and Toa Payoh (Bidadari).