HDB launches two more BTO flats at Bukit Panjang and Jurong West

The Housing and Development Board is launching two new Build To Order (BTO) projects Thursday at Senja Gateway in Bukit Panjang and Corporation Tiara in Jurong West.

A total of 1,016 flats will be offered.

This comprises 254 units of Studio Apartments, 484 units of four-room and 278 units of five-room flats.

HDB says 95 per cent of the public supply of four- and five-room flats will be set aside for first-timers.

With Thursday’s launch, HDB would have offered a total of 9,844 new BTO flats for the first seven months of this year, exceeding the supply of 9,000 BTO flats offered for the whole of 2009.

If demand from first-timer households is sustained, HDB says it is prepared to offer up to 16,000 BTO flats in 2010.

In comparison, the total annual take-up of HDB flats offered in the last ten years ranged from 7,000 in 2006 to 16,100 in 2000, and there were balance flats almost every year.

HDB adds that the upcoming projects for the rest of 2010 will enjoy a good geographical spread, covering areas such as Punggol, Sengkang, Woodlands and Yishun.

HDB adds that its new flats are priced with a generous subsidy below their market value.

The selling prices for the flats at Senja Gateway range from $67,000 to $95,000 for a Studio Apartment, $242,000 to $306,000 for a four-room flat and $308,000 to $398,000 for a five-room flat.

At Corporation Tiara the prices range from $242,000 to $325,000 for a four-room flat and $304,000 to $389,000 for a five-room flat.

Applications for the new flats can be submitted online from Thursday till the August 11.

HDB says it will continue to ensure that there is an adequate supply of new flats to meet housing demand.

Next month, flat buyers can look forward to the launch of about 1,400 flats in Yishun.

Source : Channel NewsAsia – 29 Jul 2010

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