Tag Archives: Housing and Development Board

Singapore Property : More flats in Punggol with two new BTO projects

Posted on 16 Nov 2009 | Comments Off on Singapore Property : More flats in Punggol with two new BTO projects

HDB has launched two new Build-To-Order (BTO) projects in Punggol Town, with another four BTO projects planned by late 2009 in Bukit Panjang, Sembawang and Dawson.

The latest pair of BTO projects named Punggol Sails and Punggol Ripples offer a total of 1,078 standard flats.

The units will be located along Punggol Field and will be served by the Punggol MRT, LRT stations, bus interchange, and the future Punggol Town Centre with shops, a childcare centre, as well as primary and secondary schools in the area.

They comprise of 130 units of Studio Apartments, 436 units of 3-room, 403 units of 4-room and 109 units of 5-room flats.

The Punggol BTO units will be priced between $65,000 and $92,000 for a Studio Apartment, and $332,000 to $377,000 for a 5-room flat.

The Housing and Development Board said in its news release that most of the latest BTO flats, except for the Studio units, will be set aside for first-time applicants as they generally have more urgent housing needs.

It adds that in addition to a market subsidy on the selling price, eligible
first-timers with an average monthly household income of $5,000 or less may also apply for the Additional CPF Housing Grant (AHG) of up to $40,000 which can be used to offset the initial down-payment.

This leaves first-time flat buyers using between 23 and 27 percent of their monthly household to service their monthly mortgage commitment, which the HDB says is well below the 30 percent international benchmark for affordable housing.

Source : Channel NewsAsia – 16 Nov 2009

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14 HDB blocks in Jurong East to undergo lift upgrading

Posted on 15 Nov 2009 | Comments Off on 14 HDB blocks in Jurong East to undergo lift upgrading

Fourteen HDB blocks in Jurong East will undergo lift upgrading.

This was announced by Senior Minister of State for National Development, Grace Fu, at a community event on Sunday.

Ms Fu said blocks 103 to 116, which were built in the early 80s, will get their lifts upgraded.

She said: “For Jurong East Yuhua, this will be our second last precinct; we have one more precinct to go, we hope we are able to get it next year.”

Ms Fu had earlier joined some 1,000 residents, grassroots leaders and volunteers in the precinct in a mass cleanup of the neighbourhood as part of this year’s Clean and Green Week.

Ms Fu, who is also MP for Jurong GRC, said residents can do more to keep the estates clean.

The town council was asked to stop cleaning for one day to see the effect.

Ms Fu said: “It showed there was a lot of littering, especially high rise littering. So I think that is an area we can really focus on in terms of public education, as well as getting residents to play their part.”

The mass cleanup was the largest so far in Yuhua, taking place in seven zones involving 14 blocks.

Source : Channel NewsAsia – 15 Nov 2009

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