HDB has allocated over $742 million for upgrading works of these HDB flats islandwide

833 Jurong West Street 81

The Ministry of National Development (MND) and Housing & Development Board (HDB) have earmarked over 53,000 HDB flats for enhancements, as part of the latest Home Improvement Programme (HIP) selection.

These flats are dispersed throughout the island, and here’s the full list:

Hougang

Blks 358 – 363 Hougang Avenue 5

Blks 830 – 835 Hougang Central

Blks 460 – 468 Hougang Avenue 8/Hougang Ave 10/Upper Serangoon Road

Serangoon

Blks 531 – 535, 535A & 536 – 542 Serangoon North Avenue 4

Blks 500 – 506, 506A, 506B & 507 – 511 Serangoon North Avenue 4

Blks 232A, 234A, 236A & 255 – 258 Serangoon Avenue 2 / Central Drive

Ang Mo Kio

Blk 317 Ang Mo Kio Street 31

Blks 104A, 104B, 253 & 253A Ang Mo Kio Street 11/21

Blks 613 – 619 Ang Mo Kio Avenue 4

Toa Payoh

Blks 35 – 37, 43 – 46 & 48 – 50 Lorong 5 Toa Payoh

Blks 80, 80A, 80B, 81, 81A, 81B, 82, 82A, 82B, 84, 84A, 84B & 86 Lorong 2/4 Toa Payoh

Choa Chu Kang

Blks 201 – 204 & 205 – 221 Choa Chu Kang Avenue 1/Central

Blks 223 – 239 Choa Chu Kang Central

Blks 553 – 569 Choa Chu Kang North 6 / Street 52

Blks 305 – 308, 340 – 346 & 350 – 355 Choa Chu Kang Avenue 4/Loop/Central

Blks 150 – 152 & 154 – 160 & 162 – 164 Jalan Teck Whye

Blks 751 – 761 Choa Chu Kang North 5

Blks 762 – 771 Choa Chu Kang North 5 / Street 54

Bedok

Blk 140 Bedok North Street 2

Bukit Panjang

Blks 437, 440, 442 & 447 – 453 Fajar Road/Bukit Panjang Ring Road

Blks 170 – 176 Gangsa Road / Lompang Road

171 Gangsa Road

Image Credits: Google

Kallang

Blks 4, 5 & 6 Boon Keng Road

Blks 13, 14, 14A Upper Boon Keng Road

Blks 59A, 59B, 59C & 60 Geylang Bahru

Bukit Batok

Blks 285 – 287, 290A – 290G & 291A – 291E Bukit Batok East Avenue 3 / Street 24

Geylang

Blks 27 – 29, 33, 41, 42, 55, 56, 92 & 92A Balam Road / Circuit Road /Pipit Road

Blks 28, 30, 56 & 9 Cassia Crescent / Pine Close

Woodlands

Blks 401, 406, 408 – 410, 413 – 418, 421 & 424 – 427 Woodlands Street 41

Blks 851 & 856 – 864 Woodlands Street 83 / Blks 601 – 605 Woodlands Drive 42

Blks 701 –713 Woodlands Drive 40 / 70 / Blks 744 –747 Woodlands Circle

Blks 714 –720 Woodlands Drive 70 / Avenue 6

Blks 659 – 664 Woodlands Ring Road

Pasir Ris

Blks 463 – 466 & 478 – 487 Pasir Ris Street 41 / Drive 4

Blks 531 – 543 & 564 – 569 Pasir Ris Drive 1 / Street 51

Blks 544 – 562 Pasir Ris Street 51

Blks 203 – 216 Pasir Ris Street 21

Blks 217 – 230 Pasir Ris Street 21

Blks 231 – 251 Pasir Ris Drive 4 / Street 21

Blks 180 – 199 Pasir Ris Street 11/12

Blks 500 – 521 Pasir Ris Street 52

Sengkang

Blks 229 – 236 Compassvale Walk

Tampines

Blks 491A – H, 492B – D, 493A – E, 494B, 494C, 495A – F, 496B – G Tampines Avenue 9 / Street 43 / 45

Blks 242 – 247 & 253 – 256 Simei Street 1/5

Blks 472, 474, 476, 477, 479 – 484, 485A, 485B, 486A – C, 487A – C, 488A, 488B, 489A – C, 490A & 490B Tampines Avenue 9 / Street 43 / 44 / 45

Blks 301 – 323 Tampines Street 32 / 33

Blks 371 – 374 & 381 – 396 Tampines Avenue 7 / Street 32 / 34

Queenstown

Blks 129 – 133 Clarence Lane

Blk 134, 135 & 139 Jalan Bukit Merah

Blks 3, 3A, 5, 30, 30A Holland Close / Blks 7, 7A Commonwealth Avenue

Jurong West

Blks 961, 965 – 966 & 974 – 980 Jurong West Street 92 / 93

Blks 810 – 832, 828A & 830A Jurong West Street 81

Blks 357 – 363 & 365 – 369 Yung An Road / Corporation Drive

Blks 752 – 761 & 764 – 766 Jurong West Street 74

Blks 833 – 853 Jurong West Street 81

Blks 115 & 321 – 336 Ho Ching Road/ Tah Ching Road/ Kang Ching Road

A budget exceeding $742 million has been allocated for these upgrades.

Initiated in 2007, HIP assists flat owners in addressing prevalent maintenance issues like spalling concrete and ceiling leakage, which occur due to the natural aging of older flats.

This year, flats chosen for HIP will use a new Corrosion Resistant Repair (CRR) method in bathrooms to reduce recurrence.

Although the CRR method is more expensive and time-consuming, it will be primarily used for repairing spalling concrete in toilets, where the issue is most prevalent.

For other areas, HDB will continue using the current localized repair method.

The program will also include upgrades to improve the general living conditions of these flats.

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Singapore HDB resale prices and private home prices rose in 2020

HDB flats

The results are out. Based on flash estimates from the Housing and Development Board (HDB) on Monday (Jan 4), Singapore HDB resale prices increased by 0.1 per cent in 2019 to 4.8 per cent in 2020.

The HDB calculations also found that the resale price index, which includes statistics on the overall price fluctuations in the resale market for public housing, grew from 133.9 to 137.8.

Most significant quarterly rise in about 10 years

OrangeTee & Tie’s head of research and consultancy Christine Sun shared that the highest quarterly jump in around 10 years was the price spike in the fourth quarter of 2020. With a 3.8 per cent rise, the last peak was reported in the third quarter of 2011.

“The market recovery can be attributed to the slew of policy changes made over the past two years to make public housing more affordable for Singaporeans and enhance the attractiveness of older flats,” said Ms Sun.

She added that numerous new flats that demand higher prices have also been transacted over the past few months. This may have raised the total price index last quarter.

Flat at Pinnacle@Duxton sold at S$1.258 million
Pinnacle@Duxton

Image Credits: The Straits Times

For selected flats, some buyers were willing to fork out large sums. Up till November 2020, a whopping number of 72 resale flats were sold for over S$1 million. This includes one at the Pinnacle@Duxton, which recorded a sale price of S$1.258 million last September.

Ms Sun said that the long time of completion for recent Build-to-Order (BTO) releases and growing private home prices will continue to shift demand to the HDB resale market.

“Couples who are still doing well in their jobs may proceed with their upgrading plans, while those who are still affected by the pandemic may downgrade from private housing to HDB flats,” she noted. “This may result in more flats being put on the market as well as more flats changing hands in the coming months.”

Prices of resale flats are expected to rise further

According to the expert, prices for resale flats are projected to climb further by 2 per cent to 5 per cent this year. HDB said buyers may look forward to more specific data for the fourth quarter of 2020 on Jan 22.

Come February, HDB will offer about 3,700 BTO flats in Bukit Batok, Kallang Whampoa, Tengah, and Toa Payoh. There will also be another 3,800 BTO openings in Bukit Merah, Geylang, Tengah, and Woodlands in May.

“Given the economic uncertainty due to COVID-19, HDB is monitoring the housing market closely and will calibrate the supply if required,” said the board.

With that said, private property prices in Singapore are following suit.

Prices increase by 2.1 per cent in the fourth quarter
Singapore private property

Image Credits: Ohmyhome

The Urban Redevelopment Authority (URA) shared today (Jan 4) that in the fourth quarter of 2020, Singapore’s private property prices increased by 2.1 per cent compared to the third quarter.

Ms Sun said that after the second quarter of 2018 when prices increased 3.4 per cent quarter-on-quarter, the fourth-quarter surge was the highest quarterly rise. This is due to the remainder of the Central Region, which grew by 4.8 per cent in the fourth quarter, and the main Central Region, where prices rose by 3.3 per cent.

“There were a number of new projects launched in the fourth quarter of this year that could have driven prices higher in these regions,” Ms Sun remarked.

Analysts share how buyer sentiments may improve in 2021

A substantial amount of liquidity currently circulating in the financial sector will fuel Singapore’s property market. Buyer sentiments will pick up more on the growing anticipation of the vaccine and reopening under phase 3.

“Phase 3 could reflect potential economic stabilisation and opportunities for longer-term property price appreciation,” said Property analyst Ong Kah Seng.

“Overall private home prices may rise by 1 to 4 per cent while prices of new homes may grow at a faster pace of between 2 and 5 per cent in 2021,” Ms Sun added.

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