3,600 new flats on offer in latest BTO exercise
95 per cent of flats in Sengkang, Bukit Panjang, Yishun, Tampines and Jurong West will be set aside for first-time applicants. -AsiaOne
SINGAPORE - HDB has launched seven Build-To-Order (BTO) projects today in combined BTO launches that were originally planned for June and July. This will see an additional 3,600 new flats on offer to home buyers.
At least 95 per cent of the flats, with locations in Sengkang, Tampines, Jurong West, Bukit Panjang and Yishun, will be set aside for first-time applicants. Lower income applicants will also be able to enjoy various housing grants, including Additional CPF Housing Grant (AHG) and Special CPF Housing Grant (SHG).
Housing types offered in this latest BTO exercise include studio apartments, three-room, four-room and five-room flats. Applicants can look forward to more choices of four- and five-room flats, of which 1,674 and 1,042 flats will be available respectively. Indicative prices for these two flat types start from $217,000 and $274,000, without grants.
Indicative prices start at $83,000 for studio apartments, $137,000 for three-room flats and $274,000 for five-room flats.
Bukit Panjang will house the largest cluster of the new BTO flats, with 982 units on offer. The next largest cluster of flats will be located in Sengkang, with 675units, followed by 364 flats in Yishun. The BTO projects in Tampines and Jurong West will comprise of studio apartments, which can only be purchased by applicants above 55 years of age.
The last BTO launch saw six projects offering close to 4,000 flats in May 2011.
Grants for first-time applicants
The AHG allows first-time applicants to qualify for a additional grant of up to $40,000 if their preceding one-year household income ceiling does not exceed $5,000 per month, while SHG allows first-timer families to apply for three-room flats if their monthly household income falls between $1,500 and $2,250. The SHG provies a grant of up to $15,000, on top of AHG.
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