Channel NewsAsia
Updated: 05/22/2014 11:38 | By Channel NewsAsia

HDB releases 6,454 flats in latest BTO exercise

HDB releases 6,454 flats in latest BTO exercise

HDB releases 6,454 flats in latest BTO exercise

SINGAPORE: The Housing & Development Board (HDB) launched 6,454 flats for sale on Thursday (May 22) under the May 2014 joint Build-To-Order (BTO) and Sale of Balance Flats exercise.

This latest exercise comprises 3,071 BTO flats over four projects in the non-mature towns of Bukit Batok and Woodlands, and will bring the total number of BTO flats offered for sale this year to 9,707 units, it said.

These BTO units range from 2-room units for first-timer singles to 3Gen flats for married and courting couples who wish to apply for such a flat with their parents, HDB stated.

For Sale of Balance Flats units, there will be 3,383 flats on offer in 11 non-mature and 13 mature estates under the May 2014 exercise. These are reserved for families, and at least 95 per cent will be set aside for first-timer applicants.

About 50 per cent of the Studio Apartments will be eligible for elderly flat applicants under the Studio Apartment Priority Scheme (SAPS), which allows them to stay close to their existing home or near married children, the agency said.

Application for this latest exercise can be submitted online on HDB's website from today to next Wednesday (May 28).

The next BTO launch is slated for July, and 3,810 flats in Punggol, Sembawang, Toa Payoh, Woodlands and Yishun will be up for grabs, HDB said.

- CNA/kk

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