HDB is launching three BTO projects on Tuesday – Golden Daisy in Bukit Batok, Orchid Spring @ Yishun and Vista Spring @ Yishun.
A total of 1,728 standard flats will be offered, comprising 180 studio apartments, 192 units of two-room, 252 units of three-room, 828 units of four-room and 276 units of five-room flats.
95 per cent of the flat supply, excluding Studio Apartments, will be set aside for First-Timer households.
The price of flats ranges from S$83,000(for a studio apartment) to S$353,000.
HDB said its new flats are priced with a generous subsidy below their market value.
It added that the market value, as determined by professional valuers, takes into account the prices of comparable resale flats in the area, adjusted for factors such as location, flat attributes, design, availability of flats for occupation and prevailing market conditions.
In addition, eligible first-timers buying two-room and bigger new flats and earning not more than S$5,000 per month can also apply for the Additional CPF Housing Grant of up to S$40,000. The AHG can be used to offset the initial down-payment.
Applications for the new flats can be submitted online from January 25to February 7.
HDB said in the first six months of 2011, flat buyers can look forward to about 11,000 new BTO flats.
The next BTO launch in February 2011 will offer about 1,600 flats in Bukit Panjang and Sengkang.
Source : Channel NewsAsia – 25 Jan 2011