HDB launches 6,992 flats in May
Artist’s impression of the Kim Keat Beacon BTO project in Toa Payoh. (Photo: HDB)
The Housing and Development Board (HDB) launched 6,992 flats for sale on Tuesday (22 May) under its May exercise.
This comprises 3,970 Build-To-Order (BTO) and 3,022 balance flats.
More: 1,500 HDB Flats Launching In Tengah In Nov
The BTO flats are spread across four projects in Sengkang, Yishun, Toa Payoh and Tampines. A range of 2-room Flexi to 3Gen flats are being offered.
“Toa Payoh is expected to be the most popular (estate) due to its mature location and the small number of units (542) available for application,” said Eugene Lim, key executive officer of ERA Realty.
“The Sengkang flats are also expected to be popular among applicants as they are near to Seletar Mall and Fernvale LRT station, and are attractively priced from $279,000 (excluding grants) for a 4-room flat,” he added.
Excluding housing grants, prices range from $76,000 for a 2-room Flexi at Casa Spring @ Yishun to $422,000 for a 5-room flat in Tampines GreenVines.
Eligible buyers can apply for housing grants of up to $80,000. With these grants, buyers could pay as little as $4,000 for a 2-room Flexi flat on a shorter lease.
Table 1: May 2018 BTO Prices
Source: HDB
HDB also said several measures announced at the Ministry of National Development’s Committee of Supply debate this year will take effect from today.
These include the deferment of income assessment to help young couples buy their first homes sooner, and the revised proximity condition of 4km to help Singaporeans buy a flat closer to their parents or children.
Interested applicants can submit their applications online on the HDB website from today till next Monday (28 May).
The next BTO launch will be in August, which will see about 4,300 flats in Punggol and Yishun offered for sale.
Buying your first BTO flat? Read our HDB guides.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
