Tag Archives: Punggol

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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HDB figures put perceptions in perspective

Posted on 8 Oct 2009 | Comments Off on HDB figures put perceptions in perspective

High number of BTO applications does not equate to urgent housing need

Slightly more than half of first-timer applicants invited to book a flat under HDB’s Built-To-Order system between May 2008 and June 2009 did not book a flat, although this rejection rate is lower than before HDB refined its BTO application process in May last year.

That fine tuning saw HDB removing first-timer priority for those who had turned down two chances to select a flat.

Ninety per cent of flats in each BTO project are set aside for those who have first-timer priority.

HDB issued figures yesterday to debunk the perception that a high number of applications for BTO projects equates to urgent housing need, given the relatively still high rates of rejections by first-time applicants.

The average rejection rates furnished by HDB yesterday refer to BTO flats in non-mature estates, where the vast majority of such flats are located, and exclude studio apartments. HDB’s figures yesterday showed that between March 2007 and March 2008, before the application process was refined, 9,088 or 67 per cent of the 13,605 first-timer applicants invited to make their selection did not book a flat. Between May 2008 and June 2009, the rejection rate had fallen to 52 per cent or 6,747 of the 13,080 first-timer applicants invited.

The rejection rate for first-half 2009 has declined to 45 per cent. Continue reading →

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