HDB Launches 4,627 New BTO Flats
by Ernie B. Calucag
The Housing and Development Board (HDB) on Wednesday launched six Build-To-Order (BTO) projects, offering 4,627 new flats.
The flats, which range from studio apartments to 5-room units, are located in three non-mature towns of Choa Chu Kang, Punggol, and Sengkang, and one mature town of Kallang/Whampoa.
Prices start from S$124,000 for a studio apartment in McNair Towers in Kallang/Whampoa.
A 4-room flat in Compassvale Boardwalk in Sengkang is priced between S$275,000 and S$335,000, while a 4-room flat in McNair Towers in Kallang/Whampoa is priced between S$467,000 and S$595,000.
Punggol Edge will offer both rental and flats for home ownership. HDB said there will be more of such developments.
To ensure first-timers continue to enjoy priority in flat allocation, HDB said at least 95 per cent and 85 per cent of the BTO flat supply – excluding studio apartments – in mature towns and non-mature towns respectively will be set aside for them.
Eligible first-timer households can also enjoy various housing grants to help them own a new BTO flat.
Applications for flats in the May BTO launch can be submitted from Wednesday to June 5.
The next BTO launch will take place in July 2012, where HDB will be offering about 3,900 new flats for sale in Bedok, Bukit Merah, Clementi, Geylang, and Punggol.