BOARD TRYING TO CONTAIN COST BY SIMPLIFYING SOME PROJECTS
CONSTRUCTION costs for Housing & Development Board (HDB) flats have increased but the impact on buyers is likely to be limited, due to HDB's pricing policy and cost-control measures.
Speaking to the media at HDB yesterday, National Development Minister Mah Bow Tan said that 'construction costs have gone up significantly both for the building of private as well as public housing'. According to him, construction costs may have risen 20 to 30 per cent in general.
The government is also withholding some projects to ease pressures on the construction sector.
:: November 2008
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FEWER SINGAPORE CLUSTER HOUSE MAY BE BUILT.
Developers are likely to build fewer cluster estates when the URA reinstates an old rule next year. SINGAPORE
DEVELOPERS may soon build fewer strata-titled landed homes - also known as cluster homes - which in recent years have become increasingly popular.
The Urban Redevelopment Authority (URA) is reinstating an old rule early next year which analysts expect to leave developers less inclined to build the homes.
Such homes have gained in popularity in recent years as they combine the appeal of conventional landed homes with condo-style facilities such as swimming pools, playgrounds and security.
As such houses are set to be bigger, their absolute value will go up, he said. 'They will become less affordable.' |
