{"id":118200,"date":"2020-08-12T15:00:38","date_gmt":"2020-08-12T08:00:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-over-7800-flats-in-combined-sales-exercise\/"},"modified":"2020-08-12T15:03:42","modified_gmt":"2020-08-12T08:03:42","slug":"hdb-launches-over-7800-flats-in-combined-sales-exercise","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-over-7800-flats-in-combined-sales-exercise\/","title":{"rendered":"HDB launches over 7,800 flats in combined sales exercise"},"content":{"rendered":"


\nThe 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
\nThe Housing and Development Board (HDB) on Wednesday (12 August) launched 7,862 new flats for sale \u2013 its biggest Build-to-Order (BTO) launch since it moved to a quarterly launch in 2015.
\nA combination of the postponed BTO launch in May and the scheduled BTO exercise for this month, the flats are located within the non-mature towns of Tengah, Cho Chu Kang and Woodlands as well as the mature towns of Bishan, Ang Mo Kio, Pasir Ris, Geylang and Tampines.
\nThe 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.
\nHDB noted that the new flats are priced with a generous subsidy, taking into account factors like flat attributes, location and prevailing market conditions.
\n\u201cHDB\u2019s prices are considerably lower than the transacted prices of comparable resale flats in the vicinity. In addition, 2-room Flexi flats are priced taking into account the lease chosen,\u201d HDB said in a press release.
\nA three-room unit at Keat Hong Verge (Choa Chu Kang), for instance, is priced from $164,000, including grants, while a similar unit at Costa Grove (Pasir Ris) will go from $185,000, including grants.
\nSuggested article:\u00a0HDB May\/Aug 2020 BTO Launch Review (Bukit Batok, Choa Chu Kang, Tengah, Pasir Ris, and Tampines)
\nThis comes as eligible first-timer families can avail up to $80,000 in Enhanced CPF Housing Grant (EHG).
\n\u201cWith EHG, flat buyers could pay as little as $10,000 for a two-room Flexi flat, $89,000 for a three-room flat, $193,000 for a four-room flat, and $360,000 for a five-room flat,\u201d explained HDB.
\nAside from the grant, first-timer families will continue to be given priority in flat allocations.
\nApplicants wanting to live close to their parents or their married children within the same BTO project can apply under the Multi-Generation Priority Scheme, added HDB.
\nLee Sze Teck, Director of Research at Huttons Asia, said the huge launch \u201cis justified as demand for new flats was bottled up during the circuit breaker period\u201d.
\nHe noted that the HDB resale market registered a quantum leap in transactions in June, with sales remaining elevated in July.
\nHe revealed that his top picks for this launch are Dakota One in Geylang, Costa Grove in Pasir Ris, and Parc Residences @ Tengah.
\nLee liked Dakota One since amenities such as the Dakota MRT station and Old Airport Road Hawker Centre is almost at its doorstep.
\nFor Costa Grove, he pointed to the project\u2019s proximity to White Sands Shopping Centre and Pasir Ris MRT station. \u201cIn the future, there will be a new integrated development and a Cross Island Line station nearby as well,\u201d he said.
\nParc Residences @ Tengah, which will feature Singapore\u2019s first car-free town centre, will \u201cappeal to those who love the nature as the nature is integrated into its design\u201d.
\n\u201cOne word of caution for buyers looking at Tengah is the large supply of flats which has been offered since November 2018. An estimated 10,600 flats will be offered by February 2021. These flats will be completed within the next three to five years, giving a bit of competition to those who are looking to sell after the minimum occupation period,\u201d he said.
\nMeanwhile, HDB said it will offer around 5,700 BTO flats in Bishan, Tampines, Sembawang, Toa Payoh and Tengah in November and another 3,500 BTO flats in Kallang Whampoa, Bukit Batok, Tengah and Toa Payoh in February 2021.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\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
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The flats range from two-room flexi to five-room flats to meet the diverse housing needs...<\/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-118200","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-uKs","jetpack-related-posts":[{"id":107397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-6753-flats-in-may\/","url_meta":{"origin":118200,"position":0},"title":"HDB launches 6,753 flats in May","date":"May 23, 2019","format":false,"excerpt":"\r They comprise of 3,485 BTO and 3,268 SBF units.\u00a0 The Housing and Development Board (HDB) launched 6,753 flats for sale under its latest Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. This comprises 3,485 BTO and 3,268 SBF units. The BTO flats are spread across four projects, three\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112306,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-8170-flats-in-november-sales-exercise\/","url_meta":{"origin":118200,"position":1},"title":"HDB launches 8,170 flats in November sales exercise","date":"November 12, 2019","format":false,"excerpt":"\r This includes 4,571 BTO flats in Tengah, Ang Mo Kio and Tampines, as well as 3,599 flats under the Sale of Balance Flats scheme within mature and non-mature estates, like Bishan and Clementi. Image: HDB The Housing and Development Board (HDB) launched 8,170 flats for sale in the year\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103937,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3739-flats-launched-in-first-hdb-sales-exercise-of-2019\/","url_meta":{"origin":118200,"position":2},"title":"3,739 flats launched in first HDB sales exercise of 2019","date":"February 13, 2019","format":false,"excerpt":"\r Artist\u2019s impression of the Towner Crest BTO project in Kallang Whampoa. Source: HDB The Housing and Development Board (HDB) on Tuesday (12 Feb) launched 3,739 flats for sale in this year\u2019s first Build-To-Order (BTO) and Re-Offer of Balance Flats (ROF) exercise. Of these, 3,162 BTO flats will be spread\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-slightly-reduces-bto-supply-for-2019\/","url_meta":{"origin":118200,"position":3},"title":"HDB slightly reduces BTO supply for 2019","date":"December 10, 2018","format":false,"excerpt":"\r The BTO flat supply next year includes some 2,000 units in the new Tengah town. Source: HDB The Housing and Development Board (HDB) announced last Friday (7 Dec) that it intends to launch around 15,000 Build-To-Order (BTO) flats for the whole of 2019, down from the 15,800 units it\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":118200,"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":120186,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-3740-bto-flats-including-singapores-first-community-care-apartments-for-seniors\/","url_meta":{"origin":118200,"position":5},"title":"HDB launches 3,740 BTO flats, including Singapore\u2019s first Community Care Apartments for seniors","date":"February 5, 2021","format":false,"excerpt":"\r HDB launches 3,740 BTO flats, including Singapore\u2019s first Community Care Apartments for seniorsThe Kallang\/Whampoa and Toa Payoh projects are expected to be heavily oversubscribed, given their prime city fringe locations and\u00a0close proximity to MRT stations. 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