8,952 HDB flats on sale in mature & non-mature estates

The Housing and Development Board (HDB) launched 8,952 flats on Tuesday for sale in a mix of mature and non-mature estates.

In a statement issued on Tuesday, HDB said its joint Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise for this month is its largest so far.

Among the BTO flats launched for sale on Tuesday are 112 three-generation (3Gen) BTO flats at Boon Lay View.

Also included are 150 studio apartments at Hougang Meadow, half of which are reserved for singles who meet the board’s criteria.

Other BTO flat types launched for sale include two-room, three-room, four-room and five-room flats.

In total, HDB is offering 4,978 BTO flats from six projects in five non-mature towns: Bukit Batok, Hougang, Jurong West, Sembawang and Woodlands in the current launch.

The statement said the launch brings the total BTO flat supply in 2013 to 25,139 units — a little more than the 25,000 BTO flats that the board has pledged to launch for sale this year.

It added that first-time buyers will continue to enjoy priority flat allocation with at least 85 per cent of four-room and five-room BTO flats and 70 per cent of two-room and three-room BTO flats in non-mature states set aside for them.

Eligible singles can also apply for a two-room flat in Admiralty Grove or West Ridges @ Bukit Batok.

Applicants with a multi-generation family comprising at least a married/courting couple and at least one of their parents listed in the application will also be eligible to purchase a 3Gen flat in Boon Lay View.

The Multi-Generation Priority Scheme (MGPS) for parents and married children to apply jointly for flats in the same BTO project will be available to those applying for flats at Admiralty Grove, Hougang Meadow, Boon Lay View and West Ridges @ Bukit Batok.

As for balance flats, 3,974 units in 11 non-mature and 13 mature estates are offered under the current exercise.

They comprise studio apartments, two-room flats, three-room flats, four-room flats, five-room flats, and a handful of executive flats.

Counting both SBF and BTO flats, HDB said it has offered a total of 33,568 flats for sale this year.

It advises applicants to apply for a BTO flat in non-mature estates for a higher chance of getting a flat.

It said though SBF flats have a shorter waiting time to completion, the number of units in each town is small and is likely to attract high application rates.

HDB is due to hold its next BTO exercise in January 2014, where it will offer some 3,150 flats in Bukit Batok, Jurong West, Punggol, Serangoon and Woodlands.

More information is available at the HDB website.

Source : Channel NewsAsia – 26 Nov 2013

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