Tengah BTO Flats to Pilot New Building Tech

/in /by

Tengah BTO Flats to Pilot New Building Tech

Applicants of Build-to-Order flats will benefit from new construction technologies being tested at the Tengah BTO project, part of the Housing and Development Board’s (HDB) Construction Transformation Project (CTP). Two BTO flats will be used as a test case for beamless flat design, which is a new feature in HDB’s BTO flats. This means that the slabs will rest directly on the columns, which will result in higher headroom and a more flexible flat layout for residents.

The HDB will use a hybrid precast system for this project. This system combines 2D and 3D precast components to form flats that are beamless. During the assembly process, precast components will be tracked by radio frequency identification (RFID) and Bluetooth tags. The hybrid precast system is currently the first of its kind in Singapore.

The project will have 18 residential blocks ranging from nine to 16 storeys. The construction period will depend on the type of development and the number of units. The construction period may also take longer for projects that have large numbers of dwelling units. The design and attributes of the project may also play a role in the construction period.

HDB has plans to offer nearly 10,000 new flats in the next five years. It is targeting to improve site productivity by 40 per cent by 2030. To achieve this, HDB will be piloting construction technologies such as Virtual Design and Construction (VDC), a process that simulates construction activities. This will help the board model and refine flats virtually before construction.

A Green City

HDB also plans to pilot fibre-glass reinforced concrete material for small streetscape furniture. This is an alternative to conventional 3D printing techniques, which use less material. The material is designed to be more lightweight and will be used only where structurally necessary. This will help reduce waste materials. It will also allow HDB to utilise less labour during the construction process, which helps to minimise costs.

The CTP project aims to use sustainable construction methods to produce better-quality flats. These methods include the use of glass, which allows for more efficient fabrication of complex structures, without the need for complex moulds. They also integrate work processes and logistics. HDB is working with construction firm Obayashi Singapore to adopt new technologies and techniques for this project. The project will include 2,000 flats and will be launched in November 2022. The project will also study the key takeaways and apply them to other housing areas.

In order to help address the demand for affordable housing in prime locations, HDB has also introduced the Prime Location Public Housing (PLH) model. Under this model, flat owners have to return six percent of the resale value to HDB when they decide to sell their homes. This is in addition to the subsidies they receive from HDB when they buy a BTO flat. HDB will price flats according to their value and will offer additional subsidies on top of the BTO subsidies.

Singapore Rents Soar – Expats in Hong Kong Bag Bargains

/in /by

Singapore Rents Soar – Expats in Hong Kong Bag Bargains

As Singapore rents soar

Despite a recent fall, Singapore rents have risen for the second time in a decade, and have surpassed Hong Kong. Analysts say this is the start of a new wave of rental growth. The rise has been led by a rise in the number of Singaporeans looking to rent a home. In addition, young professionals who are moving into Singapore are seeking to lease their own space to work from home, while some of them are renting while waiting for a new flat.

With Singapore’s housing stock near its lowest level in five years, rents are expected to stay buoyant for at least six to nine months. However, Singapore’s government may need to take action to address rental scams. Several new launches have also seen strong demand. This is likely to push some buyers into the market, but it is not expected to lead to a shortage of rental properties.

Some of these new launches are being developed by Malaysian billionaire Quek Leng Chan, who is planning to build a luxury condominium project in Tengah town. The project is called the Copen Grand, and it will be the first executive condominium to rise in Tengah town. The other launches are being developed by UOL Group and Frasers Property.

Singapore’s rental market is on a streak, with rents up 8.5% in the first half of 2022. This ties with New York, which is the only other city in the world to have recorded such an increase.

Rentals are rising in Singapore because of a combination of supply issues and higher inflation. Energy costs have risen, and energy prices are expected to remain elevated over the second half of the year. Additionally, there are many expats who are leaving the country. As a result, some retailers are struggling to meet increased costs. The government has offered to help retailers manage energy bills.

The pandemic has also had an impact on the rental market. Many Singaporeans who lived in private houses and condos have had to relocate due to the pandemic. In addition, some Singaporeans have repossessed homes that they previously rented. Others have moved out of their family homes and into multi-generational homes.

The Singapore government also introduced cooling measures to help control skyrocketing prices. These measures included a 15-month waiting period for private homeowners to resell their flats and a 15-month waiting period for public housing flats to be resold. There are also additional limits on the amount of loan that people can take out. The government’s cooling measures were intended to help reduce the skyrocketing property market and its impact on the economy.

Singapore rents have also risen due to a rise in the number of foreign workers in the country. This has driven up rents for condos and landed properties. There has also been a surge in professional workers entering the country, especially from Hong Kong.

With Singapore’s rental market expected to remain hot for the next few years, real estate investors need to pay close attention to its health. As Singapore rents soar, it is crucial to remember that the market is not infallible, and there is always a chance that prices will drop.