Tag Archives: Built to Order

HDB launches six BTO projects

Posted on 30 May 2012 | Comments Off on HDB launches six BTO projects

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The Housing and Development Board (HDB) has launched six Build-To-Order (BTO) projects, offering 4,627 new flats.

The flats, which range from studio apartments to 5-room units, are in four estates — Choa Chua Kang, Sengkang, Punggol and Kallang/Whampoa.

Prices start from S$124,000 for a studio apartment in McNair Towers in Kallang/Whampoa.

A 4-room flat in Compassvale Boardwalk in Sengkang, a non-mature town, is priced between S$275,000 and S$335,000, while a 4-room flat in McNair Towers in Kallang/Whampoa, a mature town, is priced between S$467,000 and S$595,000.

Punggol Edge will offer both rental and flats for home ownership. HDB said there will be more of such developments.

It said to ensure first-timers continue to enjoy priority in flat allocation, at least 95 per cent of BTO flats in mature towns and 85 per cent in non-mature estates will be set aside for them.

Eligible first-timer households can also enjoy various housing grants to help them own a new BTO flat.

Applications for flats in the May BTO launch can be submitted from Wednesday to June 5.

HDB will be offering some 3,900 new flats at the next BTO launch in July in the towns of Bedok, Bukit Merah, Clementi, Geylang and Punggol.

Source : CNA – 2012 May 30

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BTO launch draws more applicants than units available

Posted on 31 May 2011 | Comments Off on BTO launch draws more applicants than units available

In only days, the biggest Build-to-Order (BTO) launch by the authorities has attracted twice as many applicants as the number of units available, and National Development Minister Khaw Boon Wan is not surprised.

The application rate is within expectation, Mr Khaw wrote yesterday on his housing blog. Of the 4,000 units across six projects, the ones in Tampines are the most popular, he added, with high application rates for the four- and five-room flats – about 3.5 and four applications per unit respectively.

More are expected to apply before the deadline on Thursday.

At the Housing and Development Board (HDB) Hub yesterday, first-time applicant Lee Wee Ming said: “I’m getting a Tampines flat, which is near my mother-in-law’s place .. This is a pro-family move by the Government to have … BTOs in mature estates.”

Other flat buyers were concerned about the outcome of the income ceiling review for new flats.

Four-time BTO applicant Derek Ong said: “With the increased income ceiling, more people are going to be eligible for BTOs.”

Meanwhile, analysts estimate that cash-over-valuation will slide from the current average of S$21,000 to between S$15,000 and S$10,000 as a result of the move to build more new flats coupled with the Government’s recent cooling measures for the property market.

SLP International head of research and consultancy Nicholas Mak said: “It would draw some of the demand from the resale flat market into the BTO application list.”

Source : Today – 31 May 2011

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