New BTO projects offer variety and affordability

The six new BTO projects announced yesterday are spread out over four estates, namely Punggol, Pasir Ris, Tampines and Woodlands.

Offering almost 4,000 units in all, these projects – Costa Ris and Golden Lily in Pasir Ris, Punggol Parcvista, Tampines GreenLeaf, Tampines GreenWood and Woodlands Peak – comprise flats in various locations and sizes to meet the different needs of home-seekers.

Two of the projects will be in Pasir Ris: Costa Ris has 1,386 units comprise two-, three-, four- and five-room flats, while Golden Lily is a 12-storey block with 185 studio apartments.

For Costa Ris, prices range from S$120,000 to S$436,000. Prices for Golden Lily will be between S$76,000 and S$102,000.

Similarly, Tampines Greenleaf will have 960 flats comprising units of various specifications, while Tampines GreenWood’s 522 units comprises 144 studio apartments, 158 three-room flats and 220 four-room flats. Prices for both these projects range from S$81,000 to S$444,000.

Punggol Parcvista will have 682 flats, comprising three-, four- and five-room units. The units cost between S$166,000 and S$410,000 each.

Woodlands Peak will be a 33-storey block with 127 studio apartments and 95 three-room flats. Prices range from S$76,000 to S$221,000.

Said PropNex corporate communications manager Adam Tan: “The Government has certainly responded to the public’s demand for affordable housing, especially for first-time buyers.”

He noted that while cash-over-valuation (COV) prices are bottoming out at around S$21,000, “many first-time buyers will still be priced out of the resale market”.

Source : Today – 28 May 2011

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