Tag Archives: Tampines

HDB launches 7 BTO projects offering 4191 new flats

Posted on 1 Aug 2012 | Comments Off on HDB launches 7 BTO projects offering 4191 new flats

The Housing and Development Board (HDB) announced on Tuesday that it has launched seven BTO projects, offering 4,191 new flats.

This is the fourth BTO launch this year and HDB said it remains on track to launch 25,000 flats this year.

The flats are being offered in two non-mature towns of Choa Chu Kang and Punggol, and three mature towns of Bukit Merah, Clementi and Geylang.

The projects in the non-mature estates are Keat Hong Axis, Punggol Opal and Waterway Cascadia, while those in the mature towns are Clementi Gateway, Depot Heights, Telok Blangah Ridgeview and GreenTops @ Sims Place.

A 3-room flat at Keat Hong Axis in the non-mature estate of Choa Chu Kang will cost from S$151,000 without grants and from S$116,000 with grants, while a similar flat at Clementi Gateway in the mature estate of Clementi will cost from S$301,000 without grants and from S$271,000 with grants.

HDB said to ensure first-timers continue to enjoy priority in flat allocation, at least 95 per cent of the BTO flat supply (excluding Studio Apartments) in mature towns and 85 per cent in the non-mature towns will be set aside for them.

Eligible first-timer households can also enjoy various housing grants to help them own a new BTO flat.

In September 2012, HDB will offer 3,700 new BTO flats for sale in Ang Mo Kio, Choa Chu Kang, Kallang Whampoa, Tampines and Woodlands.

HDB will also offer 3,000 flats in a concurrent Sale of Balance Flats (SBF) exercise. The balance flats will have good geographical spread and comprise flats from both mature and non-mature estates.

Applications for the new flats launched can be submitted online from 31 July 2012 to 6 August 2012.

For enquiries, members of the public can:
a) Log on to esales.hdb.gov.sg; or
b) E-mail hdbsales@hdb.gov.sg; or
c) Visit the HDB Sales Office to speak with the Customer Service Officers during office hours (Mon to Fri 8am to 5pm, Saturday 8am to 1pm).

Also with effect from the July BTO launch, HDB will extend the Special CPF Housing Grant (SHG) (of $20,000) for first-timer households earning S$1,500 and below, to include purchases of 3-room standard flats in non-mature estates.

This special grant was introduced in March last year to help first-timer low income households own their homes and could only be used for the purchase of a 2-room standard flat in non-mature estates.

HDB said the enhancement will expand the options available to low-income households who need more space and can afford a larger flat, with the help of government subsidies.

Together with the Additional CPF Housing Grant (AHG), households earning S$1,500 and below can now enjoy total housing grants of S$60,000 for the purchase of 2-room or 3-room standard flats in non-mature estates from HDB.

Source CNA 2012 Jul 31

 

 

 

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13,000 home buyers vie for 4,000 BTO flats

Posted on 3 Jun 2011 | Comments Off on 13,000 home buyers vie for 4,000 BTO flats

Applications closed yesterday for the Housing and Development Board’s largest batch of Build-to-Order (BTO) flats, with 13,000 home buyers gunning for 4,000 flats. And National Development Khaw Boon Wan announced yesterday that another 1,000 flats will be released later this year.

These will come under a Sale of Balance Flats exercise and brings the total number of new flats offered this year to 26,000 – after Mr Khaw had already said last week that supply was being pumped up to 25,000 units, from 22,000.

The latest application rates, he said yesterday, were “good and within expectation” – similar to April’s figures but lower than the oversubscription by five times in February and seven times in March.

For last month’s launch, the two BTO projects in Tampines saw the highest demand, compared to the flats offered in Pasir Ris, Punggol and Woodlands.

The four- and five-room flats at GreenWood and GreenLeaf were oversubscribed about five and seven times, respectively. In contrast, there were 73 applications for the 257 two-room flats at Costa Ris in Pasir Ris.

Industry players were not surprised by the reception for the Tampines BTO projects, given that the town has not seen any BTO launches in recent years.

Dennis Wee Group director Chris Koh said Tampines was a satellite town with many facilities and would attract more applicants than the Pasir Ris BTO projects.

Analysts also expect subscription rates to fall with the increased BTO supply and as more couples succeed in their applications.

Mr Khaw’s announcements since he took over the ministry will also help to reduce anxiety from applicants, they added.

Chesterton Suntec International research and consultancy director Colin Tan said: “With Singapore coming out from the elections … (the announcements) help to bring people back to rationality … The worst thing would be if people did not know if Mr Khaw is doing anything.”

Source : Today – 3 Jun 2011

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