HDB offers 3,346 new flats under 6 BTO projects

The HDB has launched six Build-To-Order (BTO) projects where there will be a total of 3,346 new flats in three non-mature towns – Choa Chu Kang, Hougang and Yishun – and three mature towns – Ang Mo Kio, Kallang/Whampoa and Tampines.

This is the first tranche of the 23,000 BTO flats which HDB has planned for 2013.

Eligible first-timer households can enjoy up to S$60,000 of housing grants comprising additional CPF housing grant (S$40,000) and special CPF housing grant (S$20,000).

HDB said with these grants included, 3-room flats will be priced from as low as S$105,000 and 4-room flats from S$214,000.

Priority allocation will be given to first-timer married couples with children under the Parenthood Priority Scheme as announced on 21 January.

HDB will set aside a fixed quota for the BTO and Sales of Balance Flats Sales Exercises for first-timer married couples with a child aged below 16 years old.

For BTO it’ll be 30 per cent of flat supply and for SBF it’ll be 50 per cent.

Applications for new flats can be submitted online from Tuesday to 4 February.

HDB added that the next batch of BTO flats will be launched in March 2013 where a total of 3,890 new flats will be offered in Bukit Batok, Punggol and Sengkang.

Source : Channel NewsAsia – 29 Jan 2013

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