Wednesday, May 30, 2012

HDB Launches 4,627 New BTO flats in Choa Chu Kang, Punggol, Sengkang and Kallang/Whampoa

Housing Development Board (HDB) has announced the launch of 4627 Built-to-Order (BTO) flats among 6 projects in 4 towns today. The flats offered are in  three non-mature towns (Choa Chu Kang, Punggol, and Sengkang) and one mature town (Kallang/Whampoa). The projects are in projects named Compassvale Boardwalk in Sengkang Town, Keat Hong Pride in Choa Chu Kang, Pungol Edge and Waterway Sundew in Pungol,  Bendemeer Light and McNair Towers in Kallang / Whampoa.[1]

Although the flats are called Built-to-Order, HDB currently releases the flats ahead of the demand due to a long wait list in the past few years. Since last year, , HDB has also changed its policy of not launching new BTO flats in mature estates. Previous launch was in March 2012,  where HDB has launched 8,000 flats in Bukit Batok, Bukit Panjang, Clementi, Geylang, Bedok, Toa Payoh and Bukit Timah. Next HDB offering will be in Jul 2012 with about , HDB will be offering about 3,900 new flats for sale in Bedok, Bukit Merah, Clementi, Geylang, and Punggol.

At least 95% and 85% of the BTO flat supply (excluding Studio Apartments) in mature towns and non-mature towns respectively will be set aside for first-time buyers. This launch is the 3rd launch in 2012 and HDB plans to release 25,000 flats in 2012, on the top of 25,000 released in 2011.

Artist Impression of Waterway-Woodcress, a new BTO project released in September 2011
Last year, Singapore government has announced that they are committed to helping newly weds to obtain their first build-to-order (BTO) flat as soon as possible and has stated that HDB is able to construct more than 100,000 flats in its current term:
National Development Minister Khaw Boon Wan mentioned this in Parliament, as he shared plans for the next two years. Recently married first-timers are getting Mr Khaw’s immediate attention. The government is building 50,000 HDB flats in the first two years and ‘if the demand remains strong, we have the resources and the capacity to build more than 100,000 HDB flats during this term of government’, he said. New flats may start coming up in Bidadari, which can potentially accommodate up to 12,000 units. 
The government will also start planning for Tengah town – with a capacity for 56,000 units when fully developed – although it will not launch BTO projects there in its current term. What it will do is start building infrastructure such as roads and drains, and the works will commence later than those at Bidadari.[2]

[1] - HDB Launches 6 BTO Projects Offering 4,627 New Flats
[2] - 100,000 new HDB flats over 5 years

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