HDB launches record 8,952 flats

SINGAPORE — Marking its largest joint exercise to date, the Housing and Development Board (HDB) today (Nov 26) launched a record 8,952 flats for sale in a mix of mature and non-mature towns/estates under the November joint Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise.

This brings the total BTO flat supply this year to 25,139 — fulfilling the HDB’s goal of launching 25,000 BTO flats for sale this year, said the HDB. In total, the HDB has offered 33,568 flats for sale this year, including balance flats and additional 2-room flats.

In January next year, the HDB will offer about 3,150 BTO flats in Bukit Batok, Jurong West, Punggol, Serangoon and Woodlands.

NOVEMBER BTO EXERCISE

Under this month’s BTO exercise, HDB will offer 4,978 flats, comprising studio apartments, two- to five-room flats and 3Gen flats, over six projects in five non-mature towns. The towns are: Bukit Batok, Hougang, Jurong West, Sembawang and Woodlands.

There will be two-room flats at Admiralty Grove and West Ridges @ Bukit Batok for singles, and 3Gen flats at Boon Lay View for eligible multi-generational families.

The HDB said: “First-timers will continue to enjoy priority flat allocation with at least 85 per cent (for four-room and five-room) and 70 per cent (for two-room and three-room) of the BTO supply in non-mature towns/estates set aside for them.”

The Multi-Generation Priority Scheme will be available to those applying for flats at Admiralty Grove, Hougang Meadow, Boon Lay View and West Ridges @ Bukit Batok. Half of the Studio Apartments in Hougang Meadow will be reserved for eligible elderly applicants.

Eligible first-timer households can enjoy up to S$60,000 of housing grants, said the HDB, noting that “with these grants, two-room, three-room, four-room and five-room flats will be priced from as low as $15,000, $106,000, $201,000 and $297,000 respectively.

NOVEMBER SBF EXERCISE

Under this month’s SBF exercise, the HDB will offer 3,974 flats in 11 non-mature and 13 mature towns/estates. They comprise 502 studio apartments, 405 two-room, 818 three-room, 1,644 four-room and 595 five-room flats and 10 executive flats.

These flats are reserved for families, with at least 95 per cent of the supply of balance flats, excluding studio apartments, set aside for first-timers. Half of the studio apartments will be set aside for eligible elderly applicants.

The HDB said about 14 per cent of the flats are already completed while the remaining flats are under construction.

Applications for new flats launched in this month’s BTO and SBF exercises can be submitted online on the HDB InfoWEB from today until Dec 2.