3 new BTO projects launched offering 2,696 flats

The Housing and Development Board (HDB) launched three new Build-To-Order (BTO) projects in Punggol and Sengkang on Wednesday.

The projects are Waterway Terraces in Punggol, Fernvale Foliage and Rivervale Arc in Sengkang.

A total of 2,696 flats will be offered.

HDB says this is the largest number of BTO flats offered in a single launch so far.

They comprise 238 units of 2-room, 399 units of 3-room, 1,585 units of 4-room and 474 units of 5-room flats.

95 per cent of the public supply will be set aside for first-timers.

HDB says that with the latest launch, it would have offered a total of 8,828 new BTO flats for sale in the first six months of this year.

This is equivalent to the BTO supply for the whole of last year.

Waterway Terraces in Punggol will be the first waterfront housing project.

It offers 1,072 premium flats and boasts eco-friendly features which include solar power to supplement lighting needs in common areas.

Prices of the three-room units start from S$186,000. Four- and five-room units start from S$300,000 and S$374,000 respectively.

Fernvale Foliage in Sengkang offers 504 standard flats and Rivervale Arc, also in Sengkang, offers 1,120 standard flats.

They are priced lower than the flats in Waterway Terraces. Prices range from S$68,000 to $279,000.

HDB says it plans to launch at least 12,000 new BTO flats by September and more if there is demand.

The upcoming projects will be in Bukit Panjang, Jurong West, Yishun and Woodlands.

In July, flat buyers can look forward to the launch of about 1,000 BTO flats in Bukit Panjang and Jurong West.

Source : Channel NewsAsia – 30 Jun 2010

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