HDB launches 1,176 BTO flats in Yishun

The Housing and Development Board (HDB) has launched 1,176 standard flats in a new build-to-order (BTO) project in Yishun.

As much as 95 per cent of the project, Yishun Greenwalk, will be set aside for first-time buyers, it said yesterday.

With the launch, HDB has offered a total of about 16,700 new flats for sale under its BTO and the Sale-of-Balance-Flats programme since the start of the year.

The selling prices for the Yishun Greenwalk flats, which range in size from 3- to 5-room units, will be between $150,000 and $365,000.

It is estimated that first-time flat buyers will use 21 to 24 per cent of their monthly household income to meet their loan payments for these flats.

The next BTO launch next month will offer 1,010 flats in Punggol.

Source : Today – 19 Nov 2010

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