\nThe Housing and Development Board (HDB) has launched 5,101 flats for sale under the August 2018 Build-To-Order (BTO) and Re-Offer of Balance Flats (ROF) exercise.
\n\u00a0The 4,375 BTO units on offer are spread across four projects in Punggol and Yishun, said the HDB in a release on Tuesday (28 August).
\n\u00a0It noted that eligible first-timer families can enjoy up to $80,000 of housing grants, comprising the Additional CPF Housing Grant (AHG) (up to $40,000) and the Special CPF Housing Grant (SHG) (up to $40,000).
\n\u00a0With these, buyers of two-room Flats could pay as little as $4,000, $103,000 for three-room, $188,000 for four-room and $329,000 for five-room flats.
\nMore:\u00a0Find HDB flats for sale or read our\u00a0HDB guides and BTO guides
\n\u00a0Analysts expect the flats in Punggol to be more popular than those in Yishun.
\n\u00a0\u201cThis is due to the winning formula of great location near the sea, connectivity, wide range of facilities and surrounding amenities,\u201d said PropNex Realty CEO Ismail Gafoor.
\n\u00a0In fact, he expects subscription for Punggol flats to exceed three to four times the supply available.
\n\u00a0In concurring, ERA Realty Network key executive officer Eugene Lim said that while the flats in Punggol have higher selling prices, they are expected to receive more interest from buyers \u2013 especially from young families.
\n\u00a0This is because they are \u201clocated near the upcoming Punggol Coast MRT station and the Punggol Digital District. Some of the flats will also sea views,\u201d said Lim.
\n\u00a0The Yishun flats, on the other hand, are slightly further away from the MRT station. Nonetheless, their attractive price \u2013 which start from $248,000 before grants for a four-room flat \u2013 will be a draw for applicants, he added.
\nMore: Can you afford an HDB flat? Check your\u00a0affordability\u00a0now.\u00a0
\n\u00a0Meanwhile, the 726 ROF units offered were from the November 2017 Sale of Balance Flats (SBF) and February 2018 ROF exercises.
\n\u00a0They comprise 67 units of two-room Flexi, 171 units of three-room, 294 units of four-room, 152 units of five-room, 33 units of 3Gen and nine units of executive flats across various towns\/ estates, said HDB.
\n\u00a0It added that it will set aside at least 95 percent of the flat supply for first-timer families and up to five percent for second-timer families.
\n\u00a0\u201cElderly may apply if they meet the prevailing eligibility conditions to buy a two-room Flexi flat,\u201d said HDB while noting that families will be given priority in flat selection.
\n\u00a0HDB also announced that flat buyers taking an HDB loan can now retain up to $20,000 each in their CPF Ordinary Account (OA).
\n\u00a0\u201cPreviously, flat buyers had to fully utilise the balances in their CPF OA to pay for their flat purchase, before they took up an HDB housing loan.\u201d
\n\u00a0It revealed that this option will be available to \u201cflat buyers who have yet to collect the keys to their new flats, as well as resale applications received from today\u201d.
\n\u00a0PropNex Realty\u2019s Ismail Gafoor said the move \u201cwill provide flexibility for those who are retrenched or in transition between jobs (without monthly CPF)\u201d.
\n\u201cThis way, the surplus in their account allows them to sustain their upcoming instalments in the next few months. Those choosing to retain the $20,000 can also benefit from the CPF interest over time.\u201d<\/p>\n
More:\u00a0Find HDB flats for sale or read our\u00a0HDB guides and BTO guides
The Housing and Development Board (HDB) has launched 5,101 flats for sale under the August...<\/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-96854","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-pca","jetpack-related-posts":[{"id":55211,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-8748-flats-for-sale-in-may\/","url_meta":{"origin":96854,"position":0},"title":"HDB launches 8,748 flats for sale in May","date":"May 18, 2017","format":false,"excerpt":"\r Artist\u2019s impression of the Woodleigh Hillside BTO project in Bidadari estate. (Image source: HDB) The Housing and Development Board (HDB) launched 8,748 flats on Thursday (18 May) in its latest sales exercise. They comprise 4,802 Build-To-Order (BTO) units spread across six projects in Woodlands, Yishun, Bidadari (Toa Payoh) and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93025,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-0-1-govt-to-offer-bto-flats-in-punggol-and-yishun\/","url_meta":{"origin":96854,"position":1},"title":"HDB resale prices up 0.1%, govt to offer BTO flats in Punggol and Yishun","date":"July 3, 2018","format":false,"excerpt":"\r Demand for HDB resale flats is stronger due to interest from displaced en bloc owners and positive sentiment in the private residential market.\u00a0 Prices of HDB resale flats edged up 0.1 percent in Q2 2018 on a quarterly basis, according to flash estimates released by the Housing Board on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62404,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-5291-flats-in-august\/","url_meta":{"origin":96854,"position":2},"title":"HDB launches 5,291 flats in August","date":"August 1, 2017","format":false,"excerpt":"\r Artist\u2019s 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/08\/Aug-2017-BTO-flat-prices-1024x447.jpg?fit=1024%2C447&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":102140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-slightly-reduces-bto-supply-for-2019\/","url_meta":{"origin":96854,"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":107397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-6753-flats-in-may\/","url_meta":{"origin":96854,"position":4},"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":79011,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4381-hdb-flats-in-february\/","url_meta":{"origin":96854,"position":5},"title":"HDB launches 4,381 HDB flats in February","date":"February 6, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the Tampines GreenFoliage BTO project. (Photo: HDB) The Housing and Development Board (HDB) launched 4,381 flats for sale on Tuesday (6 February) under its latest sales exercise. This includes 3,664 Build-To-Order (BTO) and 717 balance flats. The BTO flats will be spread across five projects in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/02\/Feb-2018-BTO-prices-1024x685.jpg?fit=1024%2C685&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/96854"}],"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=96854"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/96854\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=96854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=96854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=96854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u00a0HDB said that applications for the August sale exercise can be submitted online via the HDB InfoWEB until 3 September (Monday).
\n\u00a0It reminded buyers that applications are not processed on a first-come, first-served basis. Instead, applicants will be shortlisted using a computer ballot. As such, they could submit their application at any time before the closing date.
\n\u00a0Finally, HDB revealed that the next BTO launch will be held in November, in which it will offer around 3,800 flats in Sengkang, Sembawang, Tengah, Tampines and Yishun.
\n\u00a0\u201cOf these, the flats in Sembawang, Sengkang and Yishun will have a shorter waiting time of 2.5 years instead of the typical three to four years. These are the first batch of projects with shorter waiting times that were first announced in 2017.\u201d
\nEugenia Rosaline Shlaen edited this story. To contact her about this or other stories, email eugenia@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Over 5,000 flats offered in HDB\u2019s August sales exercise<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"