In denominations of $250,00 and payable semi-annually in arrear, the notes will mature on 19 January 2026.
The Housing and Development Board (HDB) on Tuesday issued $800 million, five-year fixed rate notes, with a coupon of 0.635% per annum.
Payable semi-annually in arrear, the notes will mature on 19 January 2026. They are in denominations of $250,000 and are rated by Fitch Ratings.
The notes “were offered by way of placement to investors pursuant to Sections 274 and 275 of the Securities and Futures Act and (where applicable) Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2018,” said HDB.
They were launched as part of HDB’s $32 billion Multicurrency Medium Term Note (MTN) Programme.
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“Under HDB’s MTN programme, HDB may from time to time, issue bonds (or notes) to finance its development programmes and working capital requirements as well as to refinance the existing borrowings.”
Approval in principle for the notes’ listing on the Singapore Exchange has been obtained.
The notes’ admission to the official list should “not be taken as an indication of the merits of HDB, its subsidiaries or the notes”.
Cleared through The Central Depository, the notes’ joint lead managers and bookrunners are Industrial and Commercial Bank of China (Singapore), Bank of China (Singapore) and Oversea-Chinese Banking Corporation.
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Apex Asia Management Group Unveils Artisan 8 – A Rare Freehold Mixed-Use Development in Prime Upper Thomson
Apex Asia Management Group (AAMG) is proud to announce the official preview of Artisan 8, a rare freehold mixed-use development located at 8 Sin Ming Road, in the well-established Bishan–Thomson neighbourhood. This marks the first freehold mixed-use launch in District 20 since 2019, offering a unique opportunity for both homebuyers and investors looking for quality homes in a mature, city-fringe location.
Artisan 8 is a boutique development that comprises 34 residential units and 8 ground-floor commercial shops, all thoughtfully designed to provide a seamless blend of private living and everyday convenience. The residential units range from one- to four-bedroom layouts, with a limited collection of penthouses catering to a diverse range of lifestyle needs. Indicative prices start from $998,000 for a one-bedroom unit, $1.598 million for a two-bedroom, $1.989 million for a three-bedroom, and $2.7 million for penthouses. The commercial units, priced from approximately $3,400 per square foot, are suitable for a wide range of uses including food and beverage, convenience retail, and lifestyle services. These shops are expected to enhance daily living for residents while also offering strong rental and capital appreciation potential for investors.
Located in a prime city-fringe enclave, Artisan 8 enjoys excellent transport connectivity. It is situated just 200 metres, or a three-minute walk, from Upper Thomson MRT station on the Thomson–East Coast Line, and a ten-minute walk from Marymount MRT station on the Circle Line. The development is also well connected to major expressways, including the Central Expressway (CTE) and the Pan-Island Expressway (PIE), offering convenient access to the rest of the island.
Families will find Artisan 8 especially attractive, as it is located within 1 kilometre of two of Singapore’s most established schools—Ai Tong School and Catholic High School. This close proximity to reputable educational institutions, combined with the project’s freehold status, adds long-term value for owner-occupiers and investors alike.
In addition to its strong transport and education credentials, Artisan 8 is surrounded by a vibrant lifestyle environment. Residents can enjoy an array of popular cafés, eateries, and daily amenities in the Upper Thomson area, as well as green escapes such as MacRitchie Reservoir. This unique blend of urban convenience and tranquil greenery is a key highlight of the development’s appeal.
Artisan 8 was developed following AAMG’s acquisition of the former Sin Ming Centre in April 2024. Designed with a vision to integrate artistry and function, the project is a tribute to timeless craftsmanship and intentional design. The name “Artisan” reflects this design philosophy, while the number “8” symbolises prosperity and harmony, rooted in both the address and cultural tradition.
The on-site showflat, located at 8 Sin Ming Road, is now open for public preview. Visitors can view a fully fitted 721 square foot two-bedroom unit. Interested parties are welcome to contact any of the appointed agencies—ERA, Huttons, PropNex, or SRI—for enquiries and viewing appointments.
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On August 5, during an interview with the media, National Development Minister Chee Hong Tat revealed several upcoming changes. While there has been much attention on housing policies such as the Voluntary Early Redevelopment Scheme (VERS) as a possible replacement for the Selective En bloc Redevelopment Scheme (SERS), and potential adjustments to eligibility criteria and…
