Wednesday, March 26, 2014

HDB launches 3,497 new flats


Date issued : 26 Mar 2014

 HDB launched four Build-To-Order (BTO) projects today, offering 3,497 new flats in the non-mature towns of Sembawang  (PDF 762KB),Sengkang  (PDF 2959KB) and Yishun  (PDF 1248KB). This is the second BTO launch for 2014, bringing the total number of flats offered for sale this year to 6,636. As with all new public housing developments launched since Jan 2014, HDB will introduce a standard suite of eco-features in all four projects, which will help to manage water, energy and waste more efficiently.

MARCH 2014 BTO LAUNCH

2The 3,497 new flats comprise 2-room to 5-room flats, as well as Three-Generation (3Gen) flats, to meet the diverse housing needs of first-timers, second-timers, multi-generation families, and singles.

3First-timers will continue to enjoy priority flat allocation, with at least 85% (for 4-room and 5-room) and 70% (for 2-room and 3-room) of the BTO flat supply set aside for them. Eligible first-timer singles have the option of applying for a 2-room flat in EastCrown @ Canberra, EastLace @ Canberra, and Fern Grove @ Yishun.

4Married/courting couples who wish to apply for a 3Gen flat together with their parent(s) can apply for one at Anchorvale Parkview, which will offer 70 3Gen flats in this exercise. Other multi-generation families who wish to live in the same BTO project can apply under the Multi-Generation Priority Scheme HDB will set aside up to 15% of the Studio Apartments, 2-room and 3-room flats in a BTO project (subject to a minimum of 20 units each) for parents applying under MGPS. The same number of 2-room and bigger flats will be set aside in the same BTO project for their married children. (MGPS). There will be flats set aside in EastCrown @ Canberra, EastLace @ Canberra and Fern Grove @ Yishun for this purpose.

5Eligible first-timer households can enjoy up to $60,000 of housing grants, comprising the Additional CPF Housing Grant (AHG) (up to $40,000) and Special CPF Housing Grant (SHG) (up to $20,000). With these grants, 2-room, 3-room, 4-room and 5-room flats are priced from $10,000, $91,000, $201,000 and $303,000 respectively. Further details can be found in Annex A  (PDF 611KB).

Table 1: March 2014 BTO Prices
Project
Flat Type
Selling Price 
(Excluding Grants@)
Selling Price
(Inclusive of Grants^)
Non-Mature Towns/Estates
EastLace @ Canberra  (JPG 447KB) &EastCrown @ Canberra  (JPG 428KB)
2-room*
From $70,000
From $10,000
3-room
From $141,000
From $91,000
4-room
From $236,000
From $201,000
EastCrown @ Canberra  (JPG 428KB)
5-room
From $313,000
From $303,000
Fern Grove @ Yishun  (JPG 414KB)
2-room*
From $75,000
From $15,000
3-room
From $150,000
From $100,000
4-room
From $252,000
From $217,000
5-room
From $316,000
From $306,000
Anchorvale Parkview  (JPG 434KB)
4-room
From $268,000
From $233,000
5-room
From $358,000
From $348,000
3Gen
From $351,000
From $341,000


Notes:
1) * Come in two sizes of 36 sqm (Type 1) and 45 sqm (Type 2).

2) ^ The assumed housing grants are meant for applicants applying as a family nucleus or two singles under the Joint Singles Scheme for a 2-room flat:
    i) 2-room flat: $60,000 (comprising AHG of $40,000 and SHG of $20,000 where applicable) ii) 3-room flat: $50,000 (comprising AHG of $30,000 and SHG of $20,000 where applicable) iii) 4-room flat: $35,000 (comprising AHG of $15,000 and SHG of $20,000 where applicable) iv) 5-room flat / 3Gen: $10,000 (AHG only)

3) @ Singles who apply under the Single Singapore Citizen Scheme will pay $15,000 more than the married couples. Eligible singles can also apply for AHG and SHG. The actual grant amounts will vary based on income. Read more on various CPF Housing Grants Available.

Advice for Flat Buyers

6Regular updates on the number of applications submitted for the various flat types/towns will be published on the HDB InfoWEB. Applicants are advised to check for updates before submitting their application.

Application for Mar 2014 BTO Exercise

7Application for the BTO flats can be submitted online from today, 26 Mar 2014 (Wednesday) to 1 Apr 2014 (Tuesday). Eligible applicants can apply for only one flat type in one town only.

8More details on application procedures can be found in Annex B  (PDF 133KB).

9For enquiries, the public can:

 - Log on to esales.hdb.gov.sg; or
 - E-mail hdbsales@mailbox.hdb.gov.sg; or
 - Visit the HDB Sales Office to speak with our Customer Relations Executives during office hours (Mon to Fri 8 am to 5 pm, Saturday 8 am to 1 pm).

BTO-CUM-SBF LAUNCH IN MAY 2014

10In May 2014, HDB will offer about 3,060 BTO flats in Bukit Batok and Woodlands. An additional 3,000 flats will be offered in a concurrent Sales of Balance Flats (SBF) exercise. More information on the flats for offer under the May 2014 BTO exercise is available on the HDB InfoWEB.

1 HDB will set aside up to 15% of the Studio Apartments, 2-room and 3-room flats in a BTO project (subject to a minimum of 20 units each) for parents applying under MGPS. The same number of 2-room and bigger flats will be set aside in the same BTO project for their married children.


- wong chee tat :)

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