Property News · August 1, 2017

HDB launches 5,291 flats in August


Artist’s impression of West Scape @ Bukit Batok. (Source: HDB)
The Housing and Development Board on Tuesday (1 August) launched 5,291 flats for sale in its latest Build-To-Order (BTO) and inaugural Re-Offer of Balance Flats (ROF) exercise.
They comprise 3,897 BTO units spread across three projects in the non-mature towns of Bukit Batok and Sengkang. Another 1,394 units of unsold balance flats will be released across various estates.
Excluding housing grants, prices start from $87,000 for a 2-room Flexi flat at Sky Vista @ Bukit Batok and West Scape @ Bukit Batok, and $78,000 for a similar unit at Rivervale Shores in Sengkang.  
Eligible first-timer families can enjoy up to $80,000 of grants, comprising the Additional CPF Housing Grant and Special CPF Housing Grant of up to $40,000 each. As such, buyers of 2-room Flexi, 3-room, 4-room and 5-room flats could pay as little as $4,000, $84,000, $192,000, and $312,000 respectively.
Table 1: Aug 2017 BTO Prices
Source: HDB
Applications for the new flats can be submitted online on the HDB website from today till 7 August 2017.
This third BTO launch for 2017 brings the total number of such flats offered this year to 12,755 units.
The next BTO launch will take place in November. The HDB will offer about 4,800 flats in Geylang, Punggol, Sengkang and Tampines concurrently with a sale of balance flats exercise.
This brings the total BTO supply in 2017 to around 17,500 units.
 
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

Source : proppertyguru.com.sg/Property Market
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