Thursday, May 22, 2014

HDB Launches 6,454 Flats

Date issued : 22 May 2014

 Today, HDB launched 6,454 flats for sale in a mix of mature and non-mature towns/estates under the May 2014 joint Build-To-Order (BTO) cum Sale of Balance Flats (SBF) exercise.

2The May 2014 BTO exercise will offer 3,071 BTO flats over four projects in the non-mature towns of Bukit Batok  (PDF 917KB) andWoodlands  (PDF 1461KB). This is the third BTO launch for 2014, bringing the total number of BTO flats offered for sale this year to 9,707 units.

3Together with the 3,383 balance flats offered in this exercise, HDB has offered a total of 13,090 flats for sale in the first half of 2014 to meet the housing needs of Singaporeans.

May 2014 BTO Exercise
4A wide range of flats, including 2-room to 5-room flats and 3Gen flats, is offered to meet the diverse housing needs of first-timers, second-timers, multi-generation families, and singles. 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.
5First-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 either Marsiling Greenview, West Crest @ Bukit Batok or West Valley @ Bukit Batok.

6Married/courting couples who wish to apply for a 3Gen flat together with their parent(s) can apply for one at Marsiling Greenview. Other multi-generation families who wish to live near each other in the same BTO project can apply under the Multi-Generation Priority Scheme HDB will set aside up to 15% of the Studio Apartments (SAs), 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 Marsiling Greenview, West Crest @ Bukit Batok and West Valley @ Bukit Batok for this purpose.

7Eligible first-timer households can enjoy up to $60,000 of housing grants, comprising the Additional CPF Housing Grant (AHG) (up to $40,000) and the Special CPF Housing Grant (SHG) (up to $20,000). With these grants, 2-room, 3-room, 4-room and 5-room flats could be purchased from $12,000, $94,000, $194,000 and $298,000 respectively (see Table 1). Further details can be found in Annex A1  (PDF 526KB).
Table 1: May 2014 BTO Prices

Project
Flat Type
Selling Price(Excluding Grants@)
Selling Price
(Including Grants^)
Non-Mature Towns
Marsiling Greenview  (JPG 503KB)
2-room*
From $72,000
From $12,000
3-room
From $144,000
From $94,000
Marsiling Greenview
Admiralty Flora  (JPG 448KB)
4-room
From $229,000
From $194,000
5-room
From $308,000
From $298,000
Marsiling Greenview
3Gen
From $323,000
From $313,000
2-room*
From $84,000
From $24,000
West Valley @ Bukit Batok
3-room
From $164,000
From $114,000
West Valley @ Bukit Batok
West Crest @ Bukit Batok
4-room
From $265,000
From $230,000
West Crest @ Bukit Batok
5-room
From $371,000
From $361,000

Notes:
* Come in two sizes of 36 sqm (Type 1) and 45 sqm (Type 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 BTO flat. SHG is also applicable only to 2-room, 3-room and 4-room flats in the non-mature estates:
    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 flat: $10,000 (AHG only)

@ 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 the various CPF Housing Grants available.


May 2014 SBF Exercise

8HDB will offer 3,383 balance flats in 11 non-mature and 13 mature towns/estates under the SBF exercise. They comprise 887 Studio Apartments (SAs), 95 units of 2-room, 476 units of 3-room, 1,241 units of 4-room, 674 units of 5-room, and 10 units of Executive flats.
9Flats offered under the SBF exercise are reserved for families. At least 95% of the supply of balance flats (excluding SAs) will be set aside for first-timers. In addition, 50% of the SAs will be set aside for eligible elderly flat applicants under the Studio Apartment Priority Scheme (SAPS), which enables them to age-in-place in the town of their current home or near their married children.

10SBF flats come in a wide range of flat types, locations and selling prices (see Table 2). About 16% are already completed, while the remaining 84% are under construction. Pricing details and applicable ethnic quotas of the SBF flats offered are in Annex A2  (PDF 314KB)
Table 2: Summary of May 2014 SBF Prices

Flat Type#
Selling Price 
(Excluding Grants)
Selling Price
(Including Grants)^
Non-Mature Towns/Estates
Studio Apartment
From $76,000#
-
2-Room
From $110,000
From $50,000
3-Room
From $150,000
From $100,000
4-Room
From $244,000
From $209,000
5-Room
From $313,000
From $303,000
Executive
From $475,000
-
Mature Towns/Estates
Studio Apartment
From $89,000#
-
2-Room
From $251,000
From $211,000
3-Room
From $192,000
From $162,000
4-Room
From $308,000
From $293,000
5-Room
From $351,000
From $341,000
Executive
From $505,000
-

Notes:
^ The assumed housing grants are meant for applicants applying as a family nucleus. SHG is also applicable only to 2-room, 3-room and 4-room flats in the non-mature estates:
    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: $10,000 (AHG only) The actual grant amounts vary based on income and choice of flat type. Read more on various CPF Housing Grants available.
# SAs are sold on a 30-year lease, beginning from the date of key collection. Prices are inclusive of the elderly-friendly fittings/finishes.
Please refer to esales.hdb.gov.sg to check the lease commencement date of each block. 


Advice for Flat Buyers

11Applicants are strongly advised to apply for a BTO flat in non-mature towns to enjoy a higher chance of success in securing a flat. Though SBF flats have a shorter waiting time to completion, the number of units in each town is small and is likely to attract high application rates.
12Regular 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 May 2014 BTO and SBF Exercises

13Application for new flats launched in the May 2014 BTO and SBF exercises can be submitted online on the HDB InfoWEB from today, 22 May 2014 (Thursday) to 28 May 2014 (Wednesday). Applicants can apply for only one flat type/category in one town/estate under either the BTO or SBF Exercise.


14More details on application procedures can be found in Annex B  (PDF 106KB).

15For 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).

Next BTO Launch in July 2014

16In July 2014, HDB will offer about 3,810 BTO flats in Punggol, Sembawang, Toa Payoh, Woodlands and Yishun. More information on the flats to be offered under the July 2014 BTO exercise is available on the HDB InfoWEB.


HDB will set aside up to 15% of the Studio Apartments (SAs), 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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