Tag Archives: Sengkang

HDB launches six BTO projects

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

20120530-230630.jpg

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

Comments Off on HDB launches six BTO projects

Posted in HDB

Tagged , , , , , , , , , , , , , ,

Khaw tells HDB to build ahead of demand

Posted on 27 May 2011 | Comments Off on Khaw tells HDB to build ahead of demand

National Development Minister Khaw Boon Wan has told HDB to build ahead of demand during this period of robust demand.

Writing in his ministry’s blog, Mr Khaw said the orders will definitely come, and HDB should call a tender as soon as architectural drawings and tender documents are ready.

Currently, a tender is called only after 70 per cent of orders have been confirmed – hence “Build-to-Order” (BTO) scheme.

The minister said HDB can return to the usual BTO approach after the situation has stabilised.

The move is a bid to help the vast majority of young couples own their own homes as soon as possible so that they can start their families and have babies.

It is a national priority – promoting marriages and births – and Mr Khaw said his ministry must facilitate it to its best ability.

Currently, 70 per cent of new couples get their first homes via HDB’s BTO (Build-to-Order) scheme. The rest purchase their flats in the resale market.

Mr Khaw felt there is scope to do more. He said: “I think we should strive to have the vast majority of new couples start off their first set of homes in HDB, preferably via the BTO route.”

He added that HDB will also ramp up capacity and bring forward projects scheduled for early next year.

HDB confirmed that it will be able to raise the number of BTO units from 22,000 to 25,000 units this year.

Mr Khaw said the new pace of construction will be sustained for next year, as there will be additional demand with the easing of the S$8,000 income ceiling for HDB flats.

While the pace is ramped up, the minister gave the assurance that the quality of finish, workmanship and worksite safety will remain good.

He said the industry need to rise to the challenge, without causing a cost spiral, which will not benefit the buyers.

Mr Khaw added that with more resources and capabilities, he is confident HDB will rise to the new challenge of housing Singaporeans in a first world setting.

He acknowledged that the task is huge and expectations high. He said time is needed to work through some of the constraints, but he has pledged to do his best not to disappoint the public.

Source : Channel NewsAsia – 27 May 2011

Comments Off on Khaw tells HDB to build ahead of demand

Posted in HDB

Tagged , , , , , , , ,