Tag Archives: Punggol

7,000 units will be released over the next three months

By Jessica Cheam
		The Nautilus@Punggol (left) is a development of build-to-order HDB flats. Flat supply under the build-to-order scheme for the year will be ramped up to 9,000 from about 8,000 announced previously. About 5,000 units will be launched for sale in various areas, including Punggol. — PHOTO: HDB

THE Housing Board will unleash about 7,000 flats onto the market over the next three months in an aggressive step to tackle rising concerns over supply and affordability.

RELATED LINKS Upcoming Supply

The 7,000 homes exceed the 6,450 units released for first nine months of this year.

They also include 2,132 units in 24 estates across the island that have just been finished, or are near completion. They were launched yesterday in what was the Housing Board’s single largest sales exercise in recent times. Continue reading →

Potential home buyers can expect 7,000 more BTO flats soon.

THE Housing Board has moved aggressively to reassure flat buyers that there is ample supply amid growing concerns of affordability of housing in Singapore.

RELATED LINKS   FLAT SUPPLY

National Development Minister Mah Bow Tan said on Thursday that the board will ramp up its supply of build-to-order (BTO) flats from 8,000 to 9,000 units this year, and will make available 2,132 flats which are completed or nearly completed across the island for sale with immediate effect.

This means more than 7,000 flats will be on sale for the next three months.

The sale of completed flats, left from earlier BTO exercises, SERS and repurchased flats, will come under a new scheme called Sale of Balance Flats (SBF).

This will now replace the existing balloting exercise, quarterly sales, and half-yearly sales exercises. Continue reading →