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In 2009, the HDB introduced the Lease Buyback Scheme, under which the HDB buys a proportion of the housing unit's lease at current resale prices. Additional schemes, such as the Silver Housing Bonus, under which the homeowner moves to a smaller flat, and the two-room Flexi scheme consisting of smaller flats with shorter leases, were introduced ...
The priority of HDB upgrading programme was linked to support by electoral wards, [1] [2] as stated by then-Prime Minister Goh Chok Tong, "by linking the priority of upgrading to electoral support, we focus the minds of voters on the link between upgrading and the people whose policies make it possible. This has the desired result."
The HDB Hub at Toa Payoh, headquarters of the Housing & Development Board of Singapore. HDB flats in Jurong West. The Housing & Development Board (HDB; often referred to as the Housing Board), is a statutory board under the Ministry of National Development responsible for the public housing in Singapore.
Build to order (BTO) is a real estate development scheme enacted by the Housing and Development Board (HDB), a statutory board responsible for Singapore's public housing. First introduced in 2001, it consists of a flat allocation system that offers flexibility in timing and location for owners buying new public housing in the country.
HDB also provides several temporary amenities to alleviate the inconvenience residents may experience during the construction phase. Portable Toilets and Showers : Flats undergoing toilet renovations receive portable toilet units with hot water installed within the flat, ensuring residents still have access to essential facilities throughout ...
It is one of the constituents of a leasing calculation or operation and is a key concept in accounting. It represents the amount of value that the owner of an asset can expect to obtain when the asset of its lease or when it reaches the end of its useful life. [1] [2] Example: A car is sold at a list price of $20,000 today.
As with the current scheme, the enhanced grant is given to Singapore Citizen only (not Singapore Permanent Residence spouse or an undischarged bankrupt), and can only be used as capital payment for the flat purchase. The balance, if any, must be used to reduce the mortgage loan before a housing loan from HDB can be granted.
WAULT, short for weighted average unexpired lease term, is a measurement used in commercial real estate to quickly judge the value of contracted rents in a property, or more commonly, a portfolio of properties.