According to The Straits Times, 1 in 3 HDB resale flat buyers paid cash over valuation (COV) on their HDB resale flats in 2021. We’ll explain COV in greater detail later, but it means they agreed to purchase their flats above market value (as determined by HDB). And as the word “cash” implies, any amount...
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More people have turned to rent over the pandemic in a bid for more privacy and personal space. Studio apartments are fast becoming a popular choice, striking the sweet spot between being cost-effective and enjoying sufficient living space. What is a studio apartment? A studio apartment is a one-room living space that is self-contained. These...
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All hail HDB’s Proximity Housing Grant (PHG) — the government’s way of encouraging Singaporeans to stay close to their families and maintain a robust intergenerational support system! Here’s the basics about the PHG. The PHG is a CPF housing grant of up to S$30,000, and it’s for buying HDB resale flats only. Two types of...
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In early 2021, there was intense pushback from nature groups and the general public, after HDB unveiled housing plans for the 33-hectare Ulu Pandan site where Dover Forest is located. While the development has been zoned for housing since 2003, authorities only announced plans to build BTO flats there in December 2020. By July 2021,...
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