Wednesday, January 11, 2012

HDB launched first batch of 2012 flats: 3,923 New Flats in 5 projects

Housing Development Board (HDB) has launched 5 Built-To-Order (BTO)  projects today, offering 3,923 new flats in Choa Chu Kang, Punggol, Sengkang and Tampines. This is the first BTO launch of 2012. In total, HDB plans to offer 25,000 BTO units for the entire year.[1]

These 5 projects are Fernvale Lea in Sengkang, Sunshine Gardens in Choa Chu Kang, Tampines Alcoves and Tampines GreenTerrace in Tampines, and Waterway Sunbeam in Punggol.[1]:

"The selling prices excluding grants for units at Fernvale Lea range from S$83,000 for a 2-room unit to S$283,000 for a 5-room unit. For Sunshine Gardens, the price range is from S$77,000 for Studio Apartments to S$295,000 for a 5-room unit. For units at Tampines Alcoves and Tampines GreenTerrace, the price range is from S$86,000 for Studio Apartments to S$292,000 for a 4-room unit. And at Waterway Sunbeam, it's S$152,000 for a 3-room unit to S$340,000 for a 5-room unit.

These prices are excluding grants."
Source : HDB launches 5 BTO projects

HDB has also announched that the next launch will be in Mar 2012, and it will offer 4,110 new flats for sale in Bedok, Bukit Batok, Bukit Panjang, Bukit Timah, Clementi, Geylang and Toa Payoh.[1]

HDB has offered 25,200 flats in 2011 and is offering 25,000 more units in 25,000 more units. This is nearly 3 time the average yearly rate between 2001 - 2010 period. HDB has also changed its policy of supplying new flats only in new towns and is now supplying new flats in mature towns such as Tampines and Bedok. It is very likely that the flats in Tampines will be oversupplied and many will probably wait the March 2012 offer to try their chances with Bedok flats.

[1] - HDB Launches 5 BTO Projects Offering 3,923 New Flats

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