The Housing & Development Board (HDB) launched more than 8,200 flats
for sale yesterday, under the joint Build-To-Order (BTO) and Sale of
Balance Flats (SBF) exercises.
So far, this is the biggest supply
of flats in a single launch and home buyers from all income groups can
enjoy a wide range of flat type selections in both new and mature
estates.
The HDB noted that a total of 5,415 new flats will be
developed in seven BTO projects, located in Sengkang, Jurong East,
Jurong West, Punggol and Ang Mo Kio.
Prices for a three-room HDB flat start from S$134,000, while the highest price for a five-room flat could be S$375,000.
In
addition, HDB will offer 2,847 flats under the SBF Exercise. These
units will be located in 15 estates (nine in non-mature estates and six
in mature estates).
The agency added that first-time buyers will
be given priority, with at least 95 percent of the flat supply
(excluding studio apartments) reserved for them.
“The abundant
supply of flats is timely with the increased income ceiling in August as
those who are eligible to purchase BTO homes are now having a higher
chance of securing a flat,” said Mohamed Ismail, Chief Executive Officer
of PropNex Realty.
“First-time buyers are given priority, thus
more will be successful and we estimate that the subscription for BTO
flats will not exceed three times. As for flats released in matured
estates, we foresee that the application will not be more than five
times.”
Going forward, more flats can be expected, as HDB will be
releasing another 4,200 BTO flats in November 2011. This will bring the
total flat supply offered under the BTO and SBF exercises to 28,000
this year.
To contact the journalist, you may send your message to editor@propertyguru.com.sg
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