Senja Gateway

Senja Gateway

The Housing and Development Board is launching two new Build To Order or BTO projects today - at Senja Gateway in Bukit Panjang and Corporation Tiara in Jurong West. 

A total of 1,016 flats will be offered. 

This comprises 254 units of Studio Apartments, 484 units of 4-room and 278 units of 5-room flats. 

HDB says 95% of the public supply of 4- and 5-room flats will be set aside for First-Timers. 

With today's launch, HDB would have offered a total of 9,844 new BTO flats for the first seven months of this year, exceeding the supply of 9,000 BTO flats offered for the whole of last year. 

And if demand from first-time applicants is sustained, HDB says it is prepared to offer up to 16,000 BTO flats this year 

In comparison, the total annual take-up of HDB flats offered in the last ten years ranged from 7,000 in 2006 to 16,100 in 2000, and there were balance flats almost every year. 

HDB adds that the upcoming projects for the rest of this year will enjoy a good geographical spread, covering areas such as Punggol, Sengkang, Woodlands and Yishun. 

HDB adds that its new flats are priced with a generous subsidy below their market value. 

The selling prices for the flats at Senja Gateway range from $67,000 to $95,000 for a Studio Apartment, $242,000 to $306,000 for a 4-room flat and $308,000 to $398,000 for a 5-room flat. 

At Corporation Tiara the prices range from $242,000 to $325,000 for a 4-room flat and $304,000 to $389,000 for a 5-room flat. 

Applications for the new flats can be submitted online from today till the 11th of next month. 

Next month, flat buyers can look forward to the launch of about 1,400 flats in Yishun.