New BTO Flats

About new Build-To-Order HDB flats in Singapore:

Apr 10, 2011

Price of New BTO Flats

Price of New BTO Flats

In this post on Price of New BTO Flats, we look at the price of 3 new BTO projects that were launched in March 2011 by HDB.


PRICING OF NEW FLATS AT FERNVALE FLORA, FERNVALE GARDEDNS AND SEGAR VALE


New HDB flats are priced with a generous subsidy below their market value. The market value, as determined by professional valuers, takes into account the prices of comparable resale flats in the area, adjusted for factors such as location, flat attributes, design, availability of flats for occupation and prevailing market conditions.


In addition, eligible first-timers buying 2-room and bigger new flats and earning not more than $5,000 per month can also apply for the Additional CPF Housing Grant (AHG) of up to $40,000. The AHG can be used to offset the initial down-payment.


The selling prices for the flats range from:

Fernvale Flora and Fernvale Gardens $88,000 to $120,000 for a 2-room;

$148,000 to $193,000 for a 3-room flat;
$240,000 to $311,000 for a 4-room flat; and
$310,000 to $378,000 for a 5-room flat
Segar Vale $83,000 to $108,000 for a 2-room;
$143,000 to $173,000 for a 3-room flat;
$226,000 to $284,000 for a 4-room flat; and
$298,000 to $354,000 for a 5-room flat

The pricing details and resale comparables for Fernvale Flora, Fernvale Gardens and Segar Vale are in HDB site.


First-time flat buyers are estimated to use 16% to 24% of their monthly household income to meet their monthly loan payments for flats in Fernvale Flora, Fernvale Gardens and Segar Vale. For example, a 4-room unit priced at $255,000 in Segar Vale, requires a monthly mortgage instalment of about $919. A family with a household income of $4,100 will be able to service this mortgage instalment solely using their CPF contributions.

This residential property update is for personal use only.

NEW BTO FLATS

Apr 2, 2011

HDB BTO Option Fee

HDB BTO Option Fee (Singapore)

When you purchase a BTO residential flat from HDB, you have to pay HDB BTO Option Fee. This HDB BTO option fee is also known as booking fee.

HDB BTO Option Fee depends on the type of residential HDB BTO unit that you intend to purchase from Housing & Development Board of Singapore.

The range of this residential HDB BTO Option Fee is shown below.

HDB BTO Option Fee:

The option fee (also known as booking fee) is :

$250 for Studio Apartment HDB BTO Option Fee,

$500 for 2-room, $1,000 for 3-room flat HDB BTO Option Fee, and

$2,000 for 4-room and bigger flat HDB BTO Option Fee.

The HDB BTO option fee can be paid by Cash, Cheque or NETS.


This residential HDB BTO option fee update is for personal use only.

NEW BTO FLATS