Tag Archives: Build-to-Order scheme

Two BTO launches on Friday

Posted on 15 Oct 2009 | Comments Off on Two BTO launches on Friday

Two more new Build-to-Order projects will be launched tomorrow, making available a total of more than 1,000 flats in Sengkang and Jurong West.

This is in line with the HDB’s earlier-announced plans to roll out some 5,000 new BTO flats between now and the year’s end.

In the next two months, six more BTO projects with 4,000 flats in Punggol, Sembawang, Bukit Panjang and Dawson Estates will be launched.

The large number of new flats offers choice and certainty to first-time buyers, said the HDB, whose records show that 96 per cent of first-timers got the chance to select a BTO flat within two tries.

In all, the board is bringing on stream 9,000 new BTO flats this year.

“HDB will continue to monitor housing demand and ensure that there is sufficient flat supply for first-time flat buyers,” it said in a statement.

Source : Today – 15 Oct 2009

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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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