HDB to launch 8,000 flats in Sept and 4,000 in Nov

The Housing and Development Board (HDB) said it will launch 5,500 Build-To-Order (BTO) flats in September and 4,000 BTO flats in November. The flats will be in different towns, such as Punggol, Sengkang, Hougang, Yishun, and Jurong East.

These two launches will bring HDB’s total BTO supply this year to 25,000 flats.

HDB will complement the September BTO launch with the launch of at least 2,500 flats under a Sale of Balance Flats Exercise. Taken together, HDB will launch a record 8,000 units in September.

For 2012, HDB will launch another 25,000 BTO flats.

Besides new towns like Punggol, flats will also be built in mature estates, such as Kallang, Whampoa and Tampines.

HDB also said that the changes to new income ceilings for the purchase of flats and executive condominiums announced by the Prime Minister at the National Day Rally last night, will take effect immediately.

With the revision of the household income ceiling for executive condominiums to S$12,000, the CPF Housing Grant will also be tweaked. It ranges from S$30,000 for those with household income of not more than S$10,000 to S$10,000 for those earning S$12,000.

There is no change to the S$10,000 income ceiling for the Design, Build and Sell Scheme (DBSS), which was just raised a year ago.

HDB said it will also increase the supply of rental flats for low income Singaporean households. Some 57,000 units will be available by 2015, compared to 46,000 currently. Another about 4,000 rental flats will complete construction by next year.

Source : Channel NewsAsia – 15 Aug 2011

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