SINGAPORE — The Housing and Development Board (HDB) on Wednesday put up 4,841 Build-To-Order (BTO) flats for sale, with more than half of the new units being offered in the mature estate of Tampines.
Two BTO projects will be launched in Tampines, while the non-mature towns of Hougang, Sembawang and Yishun will see one project each. Recent executive condo launches include Treasure Crest and Northwave EC while existing ones include The Terrace EC, Brownstone EC, The Visionaire EC, Parc Life EC , Waterwoods EC, Signature at Yishun, Skypark Residences, Wandervale EC, The Vales EC, The Criterion EC, The Amore EC, Bellewaters EC, Bellewoods EC.
The project in Hougang, named Buangkok Woods, will have 711 BTO flats, comprising 364 units of two-room Flexi, 97 units of three-room and 250 units of four-room flats. A childcare centre will also be provided in the development.
Sembawang’s BTO project, EastDelta @ Canberra will be located near Sungei Simpang Kiri. A total of 570 flats, comprising 304 units of four-room and 266 units of five-room flats, will be up for sale. An eating house, minimart, shops and a childcare centre will be provided, said the HDB.
And in Yishun, 824 BTO flats will be up for sale, including 416 units of two-room Flexi, 100 units of three-room and 308 units of four-room flats. A childcare centre and a RC Centre will be built.
National Development Minister Lawrence Wong noted in a Facebook post that a typical 3-room flat price in a non-mature estate like Hougang (Buangkok Woods) is about $185,000 and eligible first-timer couples can also benefit from housing grants of up to $80,000. “At these prices, first-time home buyers should be able to finance most or even all of the monthly loan instalment using CPF alone,” said Mr Wong.
August’s BTO launch is the third of this year, bringing the total number of BTO flats offered this year to 12,781 units. Together with the 5,170 balance flats offered in May, the HDB has so far offered a total of 17,951 flats this year.
Application for the new flats launched in the latest BTO exercise can be submitted online on the HDB InfoWEB from Wednesday to next Tuesday (Aug 23). Applicants may apply for only one flat type in one town.