HDB launches six BTO projects offering 4,627 new flats

HDB launched six BTO projects today, offering 4,627 new flats in three non-mature towns (Choa Chu Kang, Punggol, and Sengkang) and one mature town (Kallang/Whampoa). This is the third BTO launch this year. HDB plans to offer 25,000 BTO flats for 2012.

Prices start from S$124,000 for a studio apartment in McNair Towers in Kallang/Whampoa.

A 4-room flat in Compassvale Boardwalk in Sengkang, a non-mature town, is priced between S$275,000 and S$335,000, while a 4-room flat in McNair Towers in Kallang/Whampoa, a mature town, is priced between S$467,000 and S$595,000.

To ensure first-timers continue to enjoy priority in flat allocation, at least 95% and 85% of the BTO flat supply (excluding Studio Apartments) in mature towns and non-mature towns respectively will be set aside for them.

In Jul 2012, HDB will be offering about 3,900 new flats for sale in Bedok, Bukit Merah, Clementi, Geylang, and Punggol.