Tag Archives: BTO

Flood of bids for flats

Posted on 15 Oct 2009 | Comments Off on Flood of bids for flats

Over 20,000 apply for 2,132 flats in HDB’s new Sale of Balance Flats

If you were one of the 1,022 who applied for a four-room flat in Sengkang as of 5pm yesterday, your chances aren’t good – in fact, they are a mere one in 39, with only 26 units up for grabs.

This is an extreme example of the overwhelming response to the Housing and Development Board’s (HDB) new Sale of Balance Flats (SBF) exercise.

Just hours to go before the midnight deadline, there were nearly 10 bids for every unit being offered under the scheme. As of 5pm, there were 20,691 applications for the 2,132 flats that range from studio units to executive flats.

The exercise, launched by the HDB on Oct 1, has drawn intense interest because the flats are from surplus stock, which means there is little or no wait for the prospective home-buyer – as compared to the average three-year wait for a flat under the Build to Order (BTO) scheme. Continue reading →

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Launch of 1,000 BTO flats

Posted on 15 Oct 2009 | 1 comment
The Housing Board will launch two new Build-to-Order projects offering more than 1,000 flats in Sengkang and Jurong West on Friday. — ST PHOTO: CAROLINE CHIA

THE Housing Board will launch two new Build-to-Order projects offering more than 1,000 flats in Sengkang and Jurong West on Friday.

This will be followed by six more launches with 4,000 flats in Punggol, Sembawang, Bukit Panjang and Dawson estates in November and December.

This will bring the number of new BTO flats the board is launching to 5,000 in three months.

In total, the HDB will be supplying 9,000 new BTO flats this year, far more than the 2,900 balance flats sold under the current and previous sale exercises for this year, said the board in a statement on Wednesday.

‘The large number of new flats offers choice and certainty to first-time flat buyers,’ said the HDB.

‘HDB will continue to monitor housing demand and ensure that there is sufficient flat supply for first-time flat buyers.’

Read also: 20,394 apply for 2,132 flats

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