HDB offers 2,670 new flats under four Build-To-Order projects

First-time homebuyers now have more options when it comes to getting their dream home.

The Housing Board is offering 2,670 new flats through four Build-to-Order projects launched on Tuesday. This brings the total flat supply for this year to 13,500 units.

HDB said two BTO projects in Queenstown estate, SkyVille and SkyTerrace@Dawson, cater mainly to buyers who are prepared to pay more for a prime location and better finishes.

It expects an overwhelming response to these flats.

Prices start from S$112,000 for a Studio Apartment, S$280,000 for three-room, $373,000 for four-room and S$532,000 for a five-room flat.

The Dawson projects, which are more than 40 stories high, will offer new features.

For those who want to stay close to their parents, they can buy “paired flats” at SkyTerrace under the Multi-Generation Living Scheme.

Yap Chin Beng, deputy chief executive officer, Estates and Corporate, HDB, said: “Altogether, we have 65 pair studio apartment with four room flats, or studio apartment with five room flats so that the married children and parents can apply under a single application.

“The flats are connected through connecting doors, but each unit have their own main entrances.”

Buyers of SkyVille will get to choose the layout of their homes under the flexi-lay out scheme.

For example, they can opt for a bigger living room area but fewer bedrooms.

The other two BTO projects are Montreal Dale in Sembawang and Segar Grove in Bukit Panjang.

Prices for the standard flats start from S$72,000 for a two-room unit, S$125,000 for three-room flat and S$210,000 for a four-room unit.

95 per cent of the two, three, four and five-room flats offered through the four BTO projects will be set aside for first-timers.

Market watchers said with the latest batch of BTO projects, homebuyers now have a wider range of options to suit their budgets and preferences.

Eugene Lim, associate director, ERA Real Estate, said: “Some of the new flat buyers have expressed that there is not much location to choose from. But actually now it is pretty much spread out. You have your central location and also what you call the suburban locations. So it sort of caters to the needs of flat buyers.”

HDB said there will be more BTO projects in 2010.

It is prepared to launch at least one BTO project every month if there is a sustained demand for new flats.

Source : Channel NewsAsia – 15 Dec 2009

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