HDB launches 2 BTO projects in March

The Housing and Development Board (HDB) has launched two new Build-To-Order (BTO) projects – Fernvale Ridge in Sengkang and Sembawang RiverLodge in Sembawang.

Close to 830 flats will be offered in total, most of which are four-room units. HDB said 95 per cent of the flats will be set aside for first-timers.

Flats in Fernvale Ridge range in price from S$128,000 for a three-room unit to S$352,000 for a five-room flat.

At Sembawang RiverLodge, three-room units start from S$128,000. Four-room units cost between S$212,000 and S$268,000 each. Sembawang RiverLodge will also have 126 two-room flats.

HDB said they will not be offered for sale at this time, but will be set aside to meet the housing needs of lower-income families at a later date.

Next month, HDB will launch another 1,200 BTO flats in Punggol. These launches are part of its plan to offer at least 12,000 new BTO flats this year, or more if there is demand.

Source : Channel NewsAsia – 16 Mar 2010

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