News on HDB BTO Flats

News on HDB BTO Flats (Singapore)

News release by HDB (Singapore) on 27 May 2011 on news on HDB BTO Flats

Date issued : 27 May 2011

HDB is offering homebuyers close to 4,000 new flats in six BTO projects today - Costa Ris and Golden Lily in Pasir Ris, Punggol Parcvista, Tampines GreenLeaf, Tampines GreenWood, and Woodlands Peak.

This is the largest supply of BTO flats in a single launch, surpassing the 3,185 BTO flats offered last month. At least 95% of the public flat supply will be set aside for first-time buyers.

A WIDE RANGE OF FLATS FOR ALL BUDGETS

Today’s launch offers flats in various locations and sizes to meet the different needs of home-seekers – low-income families, those aspiring for something better, and the elderly.

First-time buyers can take advantage of various housing grants to reduce the cost of owning a new BTO flat. For instance, households earning up to $5,000 per month can apply for the Additional CPF Housing Grant (AHG) worth up to $40,000, which can be used to offset the initial downpayment.

Over and above the AHG, first-timer families earning between $1,501 and $2,250 monthly can also apply for the Special CPF Housing Grant (SHG) if they choose to buy a 3-room standard flat in Punggol Parcvista and Woodlands Peak.

This news on HDB BTO flats, residential property update is for personal use only.

NEW BTO FLATS

BTO Build To Order News

BTO Build To Order News (Singapore)

SINGAPORE: The latest three Build-To-Order (BTO) projects by the Housing Board Development in Bukit Batok and Yishun are not seeing the same level of interest as the previous project in Punggol.

At the latest available update, the three developments in Yishun and Bukit Batok drew about 1.99 applicants for each unit offered.

In contrast, the Punggol Topaz BTO project launched in December had nearly seven applicants for each unit offered.

The Golden Daisy BTO project in Bukit Batok, which comprises 180 studio apartments, had three applicants for each unit.

Studio apartments are only available to those aged 55 and above and have elderly-friendly features such as support grab bars and ramps.

The two other projects are Orchid Spring and Vista Spring in Yishun, offering 1548 units.

Vista Spring is the more popular of the two BTO projects in Yishun.

There were more than two applicants for each of the 276 five-room units.

The other BTO project in Yishun, Orchid Spring, had about 1.5 applicants for each unit.

Five-room flats proved to be more popular, with 2.5 applications for each unit offered.

In contrast, the 192 two-room units received only 124 applications, or 0.7 applications per unit.

Market watchers said launching the projects over the Lunar New Year period could have been the reason for the poorer response as property activity usually slows down during this period.

Flat buyers may also be waiting for upcoming launches.

ERA key executive officer Eugene Lim said: "I would suspect that many of the first-time buyers are actually waiting on the wings for the DBSS (Design, Build and Sell Scheme) site to launch, because for DBSS you can expect condo-style finishes and fittings as well as layout".

Mr Lim added that DBSS flat buyers paid only a slightly higher price than a BTO flat.

The DBSS project is expected to be launched in the first half of this year. Application closes at midnight.

source: Channel News Asia

This residential property update is for personal use only.

NEW BTO FLATS