{"id":114503,"date":"2020-02-25T11:37:39","date_gmt":"2020-02-25T04:37:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-offer-more-two-room-flats-in-may-and-august-sale-exercises\/"},"modified":"2020-02-25T12:11:13","modified_gmt":"2020-02-25T05:11:13","slug":"hdb-to-offer-more-two-room-flats-in-may-and-august-sale-exercises","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-offer-more-two-room-flats-in-may-and-august-sale-exercises\/","title":{"rendered":"HDB to offer more two-room flats in May and August sale exercises"},"content":{"rendered":"


\nThe upcoming BTO exercises in Tengah, Choa Chu Kang and Woodlands will offer more two-room flats for singles 35 years old and above.\u00a0
\nHDB will offer more two-room Build-To-Order (BTO) flats in Tengah, Choa Chu Kang and Woodlands as more singles acquire homes following a rule change in 2013, reported The New Paper.
\nIn 2013, singles 35 years old and above were allowed to purchase new flats as first-time applicants. Prior to that, singles can only purchase resale flats.
\nRead:\u00a0The Ultimate Guide to Buying an HDB Resale Flat
\nThe new rule saw 15,700 singles buying homes, of which around 7,700 have received the keys to their new units.
\nAmong the buyers were older citizens 55 years old and above who qualify to purchase a flat under HDB\u2019s two-room Flexi Scheme.
\nIn general, the scheme caters to singles, families and the elderly.
\nOwnership and purchase conditions vary. Seniors, for instance, can choose the length of their flat\u2019s lease.
\nHDB noted that demand was high during the rule change\u2019s early years.
\nIn 2013, an average of 37.6 applicants were vying for a single flat, with the figure eventually tapering to 2.4 in 2019.
\nThis is because the supply for two-room flexi BTO units within non-mature estates remained steady since 2014 at an average of around 4,000 units per year, said HDB.
\nIn fact, the BTO exercises to be held in May and August will offer more such flats in Tengah, Choa Chu Kang and Woodlands.
\nLooking ahead, HDB said it will continue to monitor the demand as well as calibrate supply of two-room flats in order to meet the housing needs of singles.
\nThose who acquire a new flat prior to 11 September 2019 received up to $40,000 in housing grants comprising up to $20,000 in Special CPF Housing Grant and up to $20,000 in Additional Central Provident Fund (CPF) Housing Grant.
\nHDB disbursed around $251 million in such grants to around 11,400 singles acquiring BTO flats from July 2013 to last December.
\nThe Enhanced CPF Housing Grant replaced the two grants last September.
\nHDB\u2019s New Enhanced CPF Housing Grant (EHG) and Higher Income Ceilings: What You Need to Know
\nWith the new grant, up to $40,000 is given to eligible first-timer singles at least 35 years old and earning a monthly income of not more than $4,500.
\nThey can receive the grant whether buying a new or resale flat, with no restriction on the location and type of flat.
\nThe monthly income ceiling was also increased to $7,000 from $6,000 for eligible singles to acquire an HDB flat, acquire a resale flat using the CPF Housing Grant and receive an HDB Housing loan for the acquisition of a new or resale flat.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB to offer more two-room flats in May and August sale exercises<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The upcoming BTO exercises in Tengah, Choa Chu Kang and Woodlands will offer more two-room...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-114503","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tMP","jetpack-related-posts":[{"id":118200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-over-7800-flats-in-combined-sales-exercise\/","url_meta":{"origin":114503,"position":0},"title":"HDB launches over 7,800 flats in combined sales exercise","date":"August 12, 2020","format":false,"excerpt":"\r The flats range from two-room flexi to five-room flats to meet the diverse housing needs of singles, the elderly, first-timers and second-timer families. Photo: Parc Residences @ Tengah The Housing and Development Board (HDB) on Wednesday (12 August) launched 7,862 new flats for sale \u2013 its biggest Build-to-Order (BTO)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-offer-7800-bto-flats-in-august-sales-exercise\/","url_meta":{"origin":114503,"position":1},"title":"HDB to offer 7,800 BTO flats in August sales exercise","date":"June 1, 2020","format":false,"excerpt":"\r The BTO exercise which was originally scheduled for May, will be combined with August\u2019s launch.\u00a0 The Housing and Development Board (HDB) will combine the Build-To-Order (BTO) exercise originally set for launch in May with the August BTO exercise, it said in a release on 29 May. This means HDB\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117476,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-climb-0-2-in-q2\/","url_meta":{"origin":114503,"position":2},"title":"HDB resale prices climb 0.2% in Q2","date":"July 1, 2020","format":false,"excerpt":"\r HDB flash estimates showed that the resale price index increased by 0.2% in Q2 2020, after staying flat in Q1 2020. Whilst the COVID-19 pandemic has affected property prices in the private market, resale prices of HDB flats remained relatively stable in the last two quarters. HDB flash estimates\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-unchanged-in-q1-amid-covid-19\/","url_meta":{"origin":114503,"position":3},"title":"HDB resale prices unchanged in Q1 amid Covid-19","date":"April 2, 2020","format":false,"excerpt":"\r Despite the Covid-19 outbreak, resale prices of Housing and Development Board (HDB) flats held flat in the first quarter of 2020. The resale price index (RPI) stood at 131.5 in Q1, unchanged from the fourth quarter of 2019, showed flash estimates by the Housing and Development Board (HDB). The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118234,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/all-flats-in-hdbs-latest-bto-exercise-oversubscribed\/","url_meta":{"origin":114503,"position":4},"title":"All flats in HDB\u2019s latest BTO exercise oversubscribed","date":"August 14, 2020","format":false,"excerpt":"\r HDB has received a total of 17,947 applications a day after launch.\u00a0 The 7,862 new flats launched by the Housing and Development Board (HDB) on Wednesday (12 August) received robust interest from buyers, with all flats types being oversubscribed. As of 11am on Friday (14 August), the two-room flexi\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-0-4-in-q4-2019\/","url_meta":{"origin":114503,"position":5},"title":"HDB resale prices up 0.4% in Q4 2019","date":"January 2, 2020","format":false,"excerpt":"\r As such, the HDB Resale Price Index (RPI), which measures overall price movements of resale HDB flats, is now 131.4.\u00a0 Resale prices of HDB flats have continued to climb in Q4 2019, raising by 0.4% from the 0.1% increase in Q3 2019, according to the latest HDB flash estimates.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/01\/HDB-flash-estimates-Q4-2019.png?fit=600%2C343&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114503"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=114503"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114503\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}