Tuesday, July 22, 2014

HDB Launches 3,841 Flats

HDB Launches 3,841 Flats

Date issued : 19 Jul 2014

 Today, HDB launched 3,841 new flats in six projects located in the non-mature towns of Punggol  (PDF 1917KB), Sembawang  (PDF 753KB), Woodlands  (PDF 1340KB) and Yishun  (PDF 1186KB), and the mature town of Toa Payoh  (PDF 997KB) under the July 2014 Build-To-Order (BTO) exercise.


July 2014 BTO Exercise


2A wide range of flats, including Studio Apartments (SAs), 2-room to 5-room flats, and Three-Generation (3Gen) flats, is offered to meet the diverse housing needs of first-timers, second-timers, multi-generation families, elderly 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 public flat supply set aside for them. Eligible first-timer singles have the options of applying for a 2-room flat in Matilda Court, Waterway Sunray, Park Grove @ Yishun or Sun Natura.



4Married/courting couples who wish to live together with their parent(s) can apply for a 3Gen flat at Park Grove @ Yishun. Other multi-generation families who wish to live near each other in the same BTO project can apply under the Multi-Generation Priority Scheme1(MGPS) for the flats in Matilda Court, Waterway Sunray, Park Grove @ Yishun, Sun Natura and Toa Payoh Apex.


[1] HDB will set aside up to 15% of the 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.

5The new Integrated Development in Woodlands – Kampung Admiralty – will offer two blocks of SAs comprising 48 SAs of 36 sqm and another 56 SAs of 45 sqm. This development is a special one-stop hub with an innovative design that brings together amenities such as a medical centre, eldercare facilities, a hawker centre and retail shops, with wide community spaces and generous green features, at the residents’ doorstep. Residents will also enjoy special features such as a pneumatic waste system. The indicative monthly service and conservancy charges for the SAs in this development, payable to the Town Council, are $25.50 (for 36 sqm SA) and $36.50 (for 45sqm SA). 50% of the SAs at Kampung Admiralty will be set aside under the Studio Apartment Priority Scheme (SAPS) for elderly applicants who apply for an SA in the same town or within 2 km of their current flat/property, or apply for an SA to live near or with their parents/married child.


6Eligible 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 can be purchased from $13,000, $100,000, $201,000 and $324,000 respectively (see Table 1). Further details can be found in Annex A.  (PDF 782KB)



Table 1: July 2014 BTO Prices


Town
Project(s)
Flat Type #
Selling Price (Excluding Grants@)
Selling Price
(Including Grants^)
Non-Mature Towns
Sembawang
Sun Natura (JPG 645KB)
2-room*
From $73,000
From $13,000
3-room
From $150,000
From $100,000
4-room
From $236,000
From $201,000
Yishun
Park Grove @ Yishun  (JPG 580KB)
2-room*
From $77,000
From $17,000
4-room
From $263,000
From $228,000
5-room
From $339,000
From $329,000
3Gen
From $347,000
From $337,000
Punggol
Waterway Sunray  (JPG 499KB) Matilda Court  (JPG 525KB)
2-room*
From $82,000
From $22,000
3-room
From $166,000
From $116,000
4-room
From $278,000
From $243,000
5-room
From $334,000
From $324,000
Woodlands
Kampung Admiralty) (JPG 707KB)
Studio Apartment
From $91,000
-
Mature Town
Toa Payoh
Toa Payoh Apex  (JPG 521KB)
3-room
From $273,000
From $243,000
4-room
From $413,000
From $398,000


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)

# SAs are sold on a 30-year lease, beginning from the date of key collection. Prices are inclusive of the elderly-friendly fittings/finishes.

@ 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.



Advice for Flat Buyers


7Applicants are strongly advised to apply for a BTO flat in non-mature towns to enjoy a higher chance of success in securing a flat.



8Regular 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 July 2014 BTO Exercise


9Application for new flats launched in the July 2014 BTO exercise can be submitted online on the HDB InfoWEB from today, 19 July 2014 (Saturday) to 25 July 2014 (Friday). Applicants can apply for only one flat type in one town.


10More details on application procedures can be found in Annex B.  (PDF 99KB)


11For 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).



Tapering of BTO Flat Supply


12After ramping up our BTO building programme for three years, we have cleared the backlog of first-timer applicants. Hence, HDB has announced the transition to a more sustainable BTO building programme. In the first half of 2014, HDB offered a total of 13,090 flats. These include 9,707 BTO flats and 3,383 balance flats offered in the May 2014 Sale of Balance Flats (SBF) exercise. First-timer BTO application rate continued to be stable, ranging from 1.0 to 1.7 times in the first half of 2014.


13In the second half of 2014, HDB will offer another 12,700 BTO flats across various towns. This will bring the total number of BTO flats offered in the year to 22,400 units. 3-room and larger BTO flats will number 16,700 units, more than the estimated 15,000 new Singaporean family formations annually. 2-room flats and Studio Apartments will number 5,000 units and 700 units respectively, to cater to demand from low-income families, singles and the elderly.


14In addition, HDB will conduct a second SBF exercise with about 3,000 units in November 2014 to augment the housing supply. These will provide ample choices for Singaporeans looking to buy HDB homes.



Next BTO Launch in September 2014


15In September 2014, HDB will offer about 4,510 BTO flats in Bukit Batok, Hougang, Jurong and Kallang Whampoa. More information on the flats to be offered under the September 2014 BTO exercise is available on the HDB InfoWEB.



- wong chee tat :)

Temporary extension of stay for resale flats

Temporary extension of stay for resale flats

Date issued : 22 Jul 2014


 Sellers of HDB flats will, with effect from today, be able to negotiate with their buyers for a temporary extension of stay in their HDB flats, by up to three months. This is part of HDB’s regular review to respond to the needs of HDB resale flat sellers and buyers. This move will facilitate sellers who are transiting to their next homes, including those who may need more time for renovation or those awaiting funds from the sale of their current flats, eg. contra cases.


Relaxed Rule to Help Flat Sellers

2Flat sellers who wish to extend their stay temporarily must have committed to buy a completed housing unit1 in Singapore at the time of the resale application, i.e. they must have exercised an Option to Purchase or signed a Sale and Purchase Agreement.
3The request for the extension of stay is to be submitted to HDB at the time of the resale application.
4The extension of stay will automatically cease at the end of three months. Any earlier termination must also be communicated to HDB, as this will impact flat buyers’ Minimum Occupation Period, which commences on the day when they take over the flat.
Private Agreement
5Any such arrangements are, however, subject to the agreement of buyers. Details of the extension, including the duration and monetary compensation, if any, must be mutually agreed to by both parties.
Enquiries
6HDB estimates that 15% of total resale transactions, ie. some 2700 households a year, will benefit from this relaxed rule (based on total resale volume of 18,100 in 2013).
7For further enquiries, the public can contact HDB at 1800-8663066.

 1 The housing unit can be another HDB flat or a private residential property.


- wong chee tat :)

Om Mani Padme Hum

Om Mani Padme Hum

- wong chee tat :)