Tag Archives: Sale of Balance Flats

HDB launches 4191 new flats across 7 BTO projects

Posted on 2 Aug 2012 | Comments Off on HDB launches 4191 new flats across 7 BTO projects

As part of its plan to deliver 25,000 Build-to-Order (BTO) flats this year, the Housing and Development Board (HDB) has launched 4,191 new flats across seven housing estates.

The units will be spread across two non-mature towns – Choa Chu Kang and Punggol as well as the three mature estates of Bukit Merah, Geylang and Clementi.

Ranging from two- to five-bedroom units and studio apartments, the new batch of BTO projects are Keat Hong Axis, Punggol Opal, Waterway Cascadia, Clementi Gateway, Depot Heights, Telok Blangah Ridgeview, and GreenTops @ Sims Place.

Excluding studio apartments, at least 85 and 95 percent of the BTO supply in non-mature and mature towns respectively will be set aside for eligible first-time buyers who may use housing grants to improve their chances of owning a new flat.

Applications for the new BTOs will end on Monday, 6 August.

Meanwhile, HDB is expected to launch another 3,700 units in September which will be located in Ang Mo Kio, Choa Chu Kang, Kallang Whampoa, Tampines and Woodlands.

At the same time, 3,000 flats will be offered under the Sale of Balance Flats (SBF) exercise.

Source PropertyGuru – 2010 Aug 1

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Unsold HDB flats largely cleared: CEO

Posted on 3 Nov 2009 | Comments Off on Unsold HDB flats largely cleared: CEO

Remainder is reason for Sale of Balance Flats exercise, launched last month

Facing steady demand for public housing, the Housing and Development Board (HDB) has almost cleared its stock of unsold flats. The agency also offered more units in the last financial year, incurring a larger deficit in the process.

Mr Tay: HDB will monitor demand for BTO flats and plans to release more DBSS sites

‘We have largely cleared our unsold stock,’ said HDB chief executive Tay Kim Poh at a briefing on the board’s annual report for FY08/09 ended March. ‘We still have some balance units here and there . . . the number is a very small number.’

Based on past reports, HDB held about 1,500 completed units last year, and some 3,500 units in 2007.

According to Mr Tay, the few unsold flats left was a reason why HDB introduced the Sale of Balance Flats exercise last month. Under the scheme, the agency will offer flats from repurchases, previous build-to-order (BTO) exercises and selective en-bloc redevelopment schemes – once it has accumulated a sufficient number of them.

HDB launched 2,132 flats under this scheme and received 20,691 applications – almost 10 bids for every flat available. Continue reading →

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