Channel NewsAsia
Updated: 03/21/2013 20:00 | By Channel NewsAsia

4 BTO projects launched, offering 3,898 new flats

4 BTO projects launched, offering 3,898 new flats


4 BTO projects launched, offering 3,898 new flats

SINGAPORE: The Housing and Development Board (HDB) has launched four Build—To—Order (BTO) projects, offering 3,898 new flats.

They are in three non—mature towns — Bukit Batok, Punggol and Sengkang.

HDB said on Thursday that a wide variety of flats are being offered.

On the whole, it will launch a total of 25,000 BTO flats in 2013.

In the latest launch on Thursday, first—time buyers will continue to get priority in flat allocation, with at least 85 per cent of the BTO flat supply set aside for them.

Of the 85 per cent quota, 30 per cent of the BTO flat supply will be set aside for HDB first—time buyers who are married couples with a citizen child below 16, under the Parenthood Priority Scheme.

In addition, the Multi—Generation Priority Scheme is available to those applying for flats at Compassvale Cape, Compassvale Helm and SkyPeak @ Bukit Batok.

Elderly flat owners who are living in Sengkang Town will also enjoy doubled balloting chances under the Ageing—In—Place Priority Scheme if they apply for a studio apartment in Compassvale Cape or Compassvale Helm.

Eligible first—timer households can enjoy up to S$60,000 of housing grants.

These comprise the Additional CPF Housing Grant (S$40,000) and Special CPF Housing Grant (S$20,000).

With these grants, a two—room flat will be priced from S$57,000, while the price of a three—room flat will be from $159,000 and that of a four—room flat will start from $269,000.

HDB said this will enable young couples to buy their first homes.

— CNA/xq

Latest Photo Galleries on xinmsn

NEWS VIDEOS