HDB launches 3,185 new BTO flats

The Housing Development Board (HDB) on Monday launched 3,185 new build-to-order flats, forming the largest supply of subsidised housing in a single launch since 2002.

The offer consists of 105 units of two-room, 541 units of three-room, 1,797 units of four-room and 742 units of five-room flats.

At least 95 percent of the units will be allocated to first-time owners, the HDB said in a statement.

Another 6,070 flats will be up for sale in May and June, it added.

The latest numbers would bring the total HDB flat count to 14,100 units by the end of June, already close to 90 percent of the 16,000 flats offered for the whole of last year.

The projects launched on Monday are Anchorvale Cove in Sengkang, Hougang Parkview in Hougang, Montreal Ville in Sembawang and Waterway Terraces II in Punggol.

The Hougang Parkview and Montreal Ville projects are standard flats with a price tag of at least $92,000 for two-room flats, $158,000 for three-room, $248,000 for four-room and $333,000 for five-room units.

Anchorvale Cove and Waterway Terraces II cater to buyers opting for premium flats, which cost from a minimum of $179,000 for three-room units to $354,000 for five-room units.

The latest HDB projects are expected to be completed in the first quarter of 2014 at the earliest.

For 2011, HDB will offer a total of 22,000 new BTO flats if demand is sustained.

Source : Channel NewsAsia – 25 Apr 2011

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