Tuesday, November 26, 2013

8,952 new flats HDB BTO launched

HDB has launched the largest number of Build-To-Order and Sale of Balance Flats to date: 8,952 HDB flats for sale in a mix of mature and non-mature towns/estates under the November joint Build-To-Order (HDB BTO) and Sale of Balance Flats (HDB SBF) exercise.

4978 BTO units and 3974 SBF units are on sale. This launch brings the total BTO flat supply in 2013 to 25,139 units, in line with HDB’s commitment to launch 25,000 BTO flats for sale this year. Together with the 7,074 balance flats offered under the May and Nov 2013 SBF exercises, as well as an additional 1,355 bonus 2-room flats in the Jul and Sep 2013 BTO exercises, HDB has offered a total of 33,568 flats for sale in 2013 to meet the housing demand of our people:

HDB is offering 4,978 BTO flats over six projects in five non-mature towns, namely Bukit Batok, Hougang, Jurong West, Sembawang and Woodlands. A wide range of flats, including Studio Apartments (SAs), 2-room to 5-room flats, as well as 3Gen flats, is offered to meet the diverse housing needs of first-timers, second-timers, multi-generation families, elderly and singles.

First-timers will continue to enjoy priority flat allocation with at least 85% (for 4-room and 5-room) and 70% (for 2-room and 3-room) of the BTO flat supply in non-mature towns/estates set aside for them. Eligible singles can submit their applications to buy a 2-room flat in Admiralty Grove or West Ridges @ Bukit Batok. Applicants with a multi-generation family comprising at least a married/courting couple and their parent(s) listed in the application will also be eligible to purchase a 3Gen flat in Boon Lay View.

8,952 new flats HDB BTO launched
8,952 new flats HDB BTO launched
The Multi-Generation Priority Scheme Under the MGPS, HDB will set aside up to 15% of the SAs, 2-room and 3-room flats in a BTO project (subject to a minimum of 20 units each) for parents applying under Multi-Generation Priority Scheme (MGPS). The same number of 2-room and bigger flats will be set aside in the same BTO project for their married children. (MGPS) for parents and married children to apply jointly for flats in the same BTO project will be available to those applying for flats at Admiralty Grove, Hougang Meadow, Boon Lay View and West Ridges @ Bukit Batok. In addition, 50% of the SA supply in Hougang Meadow will be reserved for eligible elderly applicants under the Studio Apartment Priority Scheme (SAPS).

Eligible first-timer households can enjoy up to $60,000 of housing grants, comprising the Additional CPF Housing Grant (up to $40,000) and Special CPF Housing Grant (up to $20,000). With these grants, 2-room, 3-room, 4-room and 5-room flats will be priced from as low as $15,000, $106,000, $201,000 and $297,000 respectively (Table 1). Further details can be found in Annex A1  (PDF 924KB).

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