Record release of HDB flats
The Housing and Development Board (HDB) has launched 9,431 new flats for sale in 24 HDB towns under the May 2015 joint Build-to-Order (BTO) cum Sale of Balance Flats (SBF) exercise.
This is HDB's largest BTO/SBF exercise to date and comprises 4,044 BTO flats across four projects in Punggol, Sembawang, Clementi and Tampines. These include the first homes in Punggol's new Northshore district offering smart technologies. Read more > First smart HDB flats to go on sale
With housing grants, the selling prices of the two- to five-room BTO flats range between $15,000 and $354,000. Eligible first-timer families are entitled to an Additional CPF Housing Grant (AHG) of up to $40,000 and the Special CPF Housing Grant (SHG) of up to $20,000.
Notably, up to 50 percent of two-room BTO flats in the non-mature estates will be set aside for singles, up from 30 percent previously. The changes were announced by National Development Minister Khaw Boon Wan during the Committee of Supply 2015 debate, and the higher quota is expected to reduce the demand backlog among singles.
Meanwhile, the 5,387 balance flats will be reserved for families and range from studio apartments to five-room flats, as well as some 3Gen and executive flats.
Applicants can apply for a flat online at HDB InfoWEB from today until 2 June 2015.
The next BTO launch will take place in August whereby HDB will offer 4,860 flats in Bidadari and Punggol Northshore.
Image: Northshore Residences I & II in Punggol. (Source: HDB)
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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