Channel NewsAsia
Updated: 07/31/2012 22:15 | By Channel NewsAsia

HDB launches 7 BTO projects offering 4,191 new flats

HDB launches 7 BTO projects offering 4,191 new flats


HDB launches 7 BTO projects offering 4,191 new flats

SINGAPORE: The Housing and Development Board (HDB) on Tuesday launched seven BTO projects, offering 4,191 new flats.

The flats are being offered in two non—mature towns of Choa Chu Kang and Punggol, and three mature towns of Bukit Merah, Clementi and Geylang.

The projects in the non—mature estates are Keat Hong Axis, Punggol Opal and Waterway Cascadia, while those in the mature towns are Clementi Gateway, Depot Heights, Telok Blangah Ridgeview and GreenTops @ Sims Place.

A 3—room flat at Keat Hong Axis in the non—mature estate of Choa Chu Kang will cost from S$151,000 without grants and from S$116,000 with grants, while a similar flat at Clementi Gateway in the mature estate of Clementi will cost from S$301,000 without grants and from S$271,000 with grants.

This is the fourth BTO launch this year and HDB said it remains on track to launch 25,000 flats this year.

HDB said to ensure first—timers continue to enjoy priority in flat allocation, at least 95 per cent of the BTO flat supply (excluding Studio Apartments) in mature towns and 85 per cent in the non—mature towns will be set aside for them.

Eligible first—timer households can also enjoy various housing grants to help them own a new BTO flat.

In September 2012, HDB will offer 3,700 new BTO flats for sale in Ang Mo Kio, Choa Chu Kang, Kallang Whampoa, Tampines and Woodlands.

HDB will also offer 3,000 flats in a concurrent Sale of Balance Flats (SBF) exercise. The balance flats will have good geographical spread and comprise flats from both mature and non—mature estates.

Applications for the new flats launched can be submitted online from 31 July 2012 to 6 August 2012.

For enquiries, members of the public can:

a) Log on to

esales.hdb.gov.sg

; or

b) E—mail hdbsales@hdb.gov.sg; or

c) Visit the HDB Sales Office to speak with the Customer Service Officers during office hours (Mon to Fri 8am to 5pm, Saturday 8am to 1pm).

Also with effect from the July BTO launch, HDB will extend the Special CPF Housing Grant (SHG) (of $20,000) for first—timer households earning S$1,500 and below, to include purchases of 3—room standard flats in non—mature estates.

This special grant was introduced in March last year to help first—timer low income households own their homes and could only be used for the purchase of a 2—room standard flat in non—mature estates.

HDB said the enhancement will expand the options available to low—income households who need more space and can afford a larger flat, with the help of government subsidies.

Together with the Additional CPF Housing Grant (AHG), households earning S$1,500 and below can now enjoy total housing grants of S$60,000 for the purchase of 2—room or 3—room standard flats in non—mature estates from HDB.

— CNA/al

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