The latest Build-to-Order (BTO) project saw three applicants for every new flat on offer. There were 3,556 flats for the picking in the combined BTO exercise. All in, there were 11,548 bids for seven projects across the island. This includes areas like Sengkang, Tampines, Jurong West and Yishun. The combined launch is a new initiative aimed at providing home buyers more choice and greater chances of...
BTO Flats
National Development Minister Khaw Boon Wan said it's more effective to release a larger number of Build-To-Order (BTO) flats per launch as it gives home buyers greater choice and improves their chances of selecting a unit. Thus, the BTO projects for the next two months will be combined into a single launch, and will likely be put up for balloting in September. Mr Khaw was speaking to reporters after...
National Development Minister Khaw Boon Wan has elaborated on who were the successful applicants in the Build-To-Order (BTO) exercises from January to March this year. In his latest blog entry, Mr Khaw said when an application rate is about 2, which means two applicants for one unit, almost all applicants will get a chance to select. This is because not all who are asked to select do so. For the January...
The Housing and Development Board (HDB) has launched seven Build-to-Order (BTO) projects offering 3,600 new flats. It has combined the BTO launches originally planned for June and July in Thursday's launch, giving flat buyers more housing options. These 3,600 new flats are located across various towns, in Sengkang, Punggol, Tampines, Jurong West, Yishun and (two BTOs in) Bukit Panjang. Most of the flats...
The Housing and Development Board (HDB) will combine the Build-to-Order (BTO) flat launches for June and July, for release in mid-July. National Development Minister Khaw Boon Wan said this in his blog on Saturday. This came a week after he said he was considering moving away from the current practice of monthly launches of BTO flats and explore ways to have larger combined launches. He had said that...
National Development Minister Khaw Boon Wan says he is considering moving away from the current practice of monthly launches of Build-To-Order HDB flats and explore ways to have larger combined launches. In the latest entry on his blog, Mr Khaw said he has been advised to do larger launches. Mr Khaw thinks this is sound advice. He said larger launches offer buyers a wider range of choices and reduce the...
Applications closed yesterday for the Housing and Development Board's largest batch of Build-to-Order (BTO) flats, with 13,000 home buyers gunning for 4,000 flats. And National Development Khaw Boon Wan announced yesterday that another 1,000 flats will be released later this year. These will come under a Sale of Balance Flats exercise and brings the total number of new flats offered this year to 26,000 -...
National Development Minister Khaw Boon Wan on Wednesday said while he has asked HDB to put up more Build to Order (BTO) projects in mature estates, it will not be possible for many of them to benefit from this development, certainly not in the short term. Writing in his blog, Mr Khaw said this is because most of the mature estates are substantially built up, and there is limited land for public...
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...
The Housing Development Board (HDB) on Monday launched 3,185 new build-to-order flats, forming the largest supply of subsidised housing in a single launch since 2002. The offer consists of 105 units of two-room, 541 units of three-room, 1,797 units of four-room and 742 units of five-room flats. At least 95 percent of the units will be allocated to first-time owners, the HDB said in a statement. Another...