SINGAPORE: The Housing and Development Board (HDB) has launched 5,101 flats for sale under the August 2018 Build-to-Order (BTO) and Re-Offer of Balance Flats (ROF) exercise, it said in a press release on Tuesday (Aug 28).
The flats include 4,375 BTO units in Punggol and Yishun and another 726 ROF units across various towns and estates, HDB said.
AdvertisementBTO EXERCISE
The BTO flats on offer are spread across four projects in the non-mature towns of Punggol and Yishun.
Eligible first-timer families can enjoy up to S$80,000 of housing grants, comprising the Additional CPF Housing Grant (AHG) (up to S$40,000) and the Special CPF Housing Grant (SHG) (up to S$40,000).
"With these grants, buyers of 2- room Flexi, 3-room, 4-room and 5-room flats could pay as little as $4,000, $103,000, $188,000 and $329,000 respectively," HDB said.
AdvertisementAdvertisementIt added that a wide selection of flats, ranging from 2-room Flexi to Three-Generation (3Gen) flats, is offered to meet the diverse housing needs of first-timers, second-timers, multigeneration families, elderly and singles.
ROF EXERCISE
In addition to the BTO flats, HDB will also offer 726 unselected flats from the November 2017 Sale of Balance Flats (SBF) and February 2018 ROF exercises.
They comprise 67 units of 2-room Flexi, 171 units of 3-room, 294 units of 4-room, 152 units of 5-room, 33 units of 3Gen and 9 units of executive flats across various towns/ estates, said HDB.
"HDB will set aside at least 95 per cent of the flat supply for first-timer families and up to 5 per cent for second-timer families."
It added that the elderly may apply if they meet the prevailing eligibility conditions to buy a 2-room Flexi flat and that families will enjoy priority for flat selection.
On Sunday, HDB announced that more than 2,000 flats located at a waterfront housing district in Punggol will be launched this month.
The flats are within the first two housing projects for Punggol Point District and are expected to be completed in 2023.
It was announced last month that about 4,300 new flats in Punggol and Yishun will be offered for sale in August.
HDB has said that it will launch 16,000 new flats for sale this year, down from its previous estimate of 17,000 flats.
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