{"id":120186,"date":"2021-02-05T01:59:58","date_gmt":"2021-02-04T18:59:58","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-3740-bto-flats-including-singapores-first-community-care-apartments-for-seniors\/"},"modified":"2021-02-05T10:06:04","modified_gmt":"2021-02-05T03:06:04","slug":"hdb-launches-3740-bto-flats-including-singapores-first-community-care-apartments-for-seniors","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-3740-bto-flats-including-singapores-first-community-care-apartments-for-seniors\/","title":{"rendered":"HDB launches 3,740 BTO flats, including Singapore\u2019s first Community Care Apartments for seniors"},"content":{"rendered":"


\nHDB 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. Image: HDB
\nIn the first sales exercise of the year, the Housing and Development Board (HDB) launched 3,740 Build-to-Order (BTO) flats on Thursday (4 February) \u2013 the largest February launch since 2017 when about 4,000 flats were offered.
\nThe flats are spread across seven housing projects in the non-mature towns of Tengah and Bukit Batok and the mature towns of Kallang\/Whampoa and Toa Payoh (Bidadari).
\nThis month\u2019s offering includes 169 units of Community Care Apartments at Harmony Village @ Bukit Batok that seniors aged 65 and above can buy on short leases of between 15 and 35 years (in five-year increments).
\nSet to be completed in Q2 2024, these flats come with mandatory service package, which include basic health checks, 24-hour emergency monitoring and response as well as simple home fixes. Prices start from $52,000, excluding grants.
\nRecommended article:\u00a0Your Definitive Resource on HDB\u2019s Housing Grants, Policies, and Programmes
\nThe rest of the flats range from two-room Flexi to five-room flats.
\nFlats within the mature estates are priced from $312,000 for a three-room unit in Toa Payoh to $611,000 for a five-room unit also in Toa Payoh, excluding grants.
\nThose in the non-mature estates go from $101,000 for a two-room Flexi unit in Bukit Batok to $384,000 for a five-room unit also in Bukit Batok.
\nAnalysts expect the flats in Kallang\/Whampoa and Toa Payoh to be heavily oversubscribed, given their prime city fringe locations and close proximity to MRT stations.
\n\u201cThe new flats in McNair Heights in Kallang\/Whampoa will be much sought-after going by previous BTO application trend. The BTO exercise in May 2019 for Kempas Residences in Kallang\/Whampoa saw overwhelming demand, with a subscription rate of 5.4 times and 15.6 times for the 3-room and 4-room flats, respectively,\u201d said PropNex CEO Ismail Gafoor.
\nSee also:\u00a0How to Ace Your HDB BTO Application And Increase Your Ballot Chances
\nHe expects McNair Heights to appeal to families looking to live \u201cin a more convenient location amid the hustle and bustle of being near to the city\u201d.
\nLocated near the Boon Keng MRT station, the development is close to various schools such as Northlight School, Hong Wen School, Bendemeer Primary and Bendemeer Secondary as well as other amenities such as Mustafa Centre, City Square Mall and the upcoming Kwong Wai Shiu Hospital.
\nLee Sze Teck, Director of Research at Huttons Asia, however, noted that while the flats\u2019 city fringe location is attractive, they have a \u201cvery long completion period of five years\u201d.
\n\u201cThat may shift prospective applicants to the resale market,\u201d he said.
\nMeanwhile, the three to four years completion period for the BTO flats in Toa Payoh is reasonable, noted Lee.
\nSee also:\u00a0Comparing HDB Flats in the Same Estate: How Old Should You Go? (BTO vs Resale)
\n\u201cWe expect them to attract many applicants including those who were worried about the longer construction periods in earlier launches. The subscription rate could range from 4 to 10,\u201d he said.
\nOf the three BTO plots offered, Alkaff Breeze is closer to the Woodleigh MRT station, while Bartley GreenRise and ParkEdge @ Bidadari are near the Bartley MRT station.
\n\u201cThe proximity to an MRT station, the upcoming Woodleigh Mall, Bidadari Park and Alkaff Lake, as well as a number of popular schools will likely be the key attraction for these city fringe flats,\u201d said Gafoor.
\nOn the BTO flats in Tengah and Bukit Batok, he expects them to attract fairly healthy applications although they would not be as hotly contested as those in Kallang\/Whampoa and Toa Payoh.
\n\u201cIn particular, Parc Woods @ Tengah may woo applicants who are looking to live in a next generation of HDB estate \u2013 Tengah will be Singapore\u2019s first smart and sustainable town, with green features,\u201d added Gafoor.
\nLee expects the Community Care Apartments to be popular \u201camong seniors who are active and prefer to age in place\u201d.
\nChristine Sun, Senior Vice President of Research & Analytics at OrangeTee & Tie, said such flats will meet the housing needs of the increasing population of single elderly, divorcees as well as parents who prefer to live apart from their children.
\nSee also:\u00a0Single and Over 35? Should You Buy an HDB BTO or Resale Flat?
\nHowever, not everyone \u201clikes to live among a community of elderly as some may prefer a good mix of young families and couples\u201d, she said.
\nSome people may also find Bukit Batok\u2019s location as inconvenient, while the prohibition on flats to be sold in the open market may turn off some buyers.
\n\u201cSome elderly may still be quite traditional and prefer to bequeath property to their descendants,\u201d said Sun.
\n\u201cSome of the optional services could also be quite costly for the elderly with little or no income,\u201d she added.
\nHDB revealed that it will offer around 3,800 BTO flats in Geylang, Tengah, Bukit Merah and Woodlands in May.
\nIn August, another 4,900 BTO flats in Jurong East, Hougang, Queenstown, Kallang Whampoa and Tampines will be launched for sale.
\n\u201cAs the COVID-19 pandemic is evolving, HDB is monitoring the situation and will make adjustments where necessary,\u201d it said.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB launches 3,740 BTO flats, including Singapore\u2019s first Community Care Apartments for seniors<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HDB launches 3,740 BTO flats, including Singapore\u2019s first Community Care Apartments for seniorsThe Kallang\/Whampoa and...<\/p>\n","protected":false},"author":1,"featured_media":120187,"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-120186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/feb-2021-bto-bidadari.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vgu","jetpack-related-posts":[{"id":120225,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/all-flats-in-bidadari-kallangwhampoa-community-care-apartments-oversubscribed\/","url_meta":{"origin":120186,"position":0},"title":"All flats in Bidadari, Kallang\/Whampoa, Community Care Apartments oversubscribed","date":"February 8, 2021","format":false,"excerpt":"\r All flats in Bidadari, Kallang\/Whampoa, Community Care Apartments oversubscribedThe 169 units of Community Care Apartments at Harmony Village @ Bukit Batok received 319 applicants as of 5pm on Friday (5 February), just a day after the launch. Competition for Build-to-Order (BTO) flats within the mature estates of Toa Payoh\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/hdb-community-care-apartments.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":118293,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/geylangs-four-room-bto-flats-14-times-oversubscribed\/","url_meta":{"origin":120186,"position":1},"title":"Geylang\u2019s four-room BTO flats 14 times oversubscribed","date":"August 19, 2020","format":false,"excerpt":"\r Parc Residences @ Tengah. Photo: HDB The Housing and Development Board\u2019s (HDB) four-room Build-to-Order flats in Geylang proved to be a hit among first-time homebuyers, registering an application rate of 14.1 as at 5pm on Tuesday (18 August). Known as Dakota One, four-room flats in the BTO project in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-over-7800-flats-in-combined-sales-exercise\/","url_meta":{"origin":120186,"position":2},"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":118234,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/all-flats-in-hdbs-latest-bto-exercise-oversubscribed\/","url_meta":{"origin":120186,"position":3},"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":123840,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-launch-up-to-23000-new-bto-flats-per-year-over-next-two-years\/","url_meta":{"origin":120186,"position":4},"title":"HDB to launch up to 23,000 new BTO flats per year over next two years","date":"December 16, 2021","format":false,"excerpt":"\r Separately,\u00a0the government has also released five confirmed list sites and eight reserve list sites\u00a0for\u00a0the\u00a01H 2022 GLS programme. To meet \u201cstrong\u201d housing demand, the Housing and Development Board (HDB) will launch up to 23,000 new Build-To-Order (BTO) flats annually over the next two years, reported Channel News Asia (CNA). This\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/SINGAPORE-HDB-FLAT.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121390,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4989-bto-flats-more-than-half-in-mature-estates\/","url_meta":{"origin":120186,"position":5},"title":"HDB launches 4,989 BTO flats, more than half in mature estates","date":"August 12, 2021","format":false,"excerpt":"\r Applicants can expect to wait between 37 to 67 months for the seven projects in the August 2021 BTO launch to\u00a0be completed. A total of 4,989 Build-To-Order (BTO) flats across seven projects in Jurong East, Hougang, Queenstown, Kallang Whampoa and Tampines were launched for sale by the Housing and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/AUGUST-BTO-2021.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120186"}],"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=120186"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/120187"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}