SINGAPORE: The Housing and Development Board (HDB) on Wednesday (Aug 11) launched a total of 4,989 flats for sale under the August 2021 Build-to-Order (BTO) exercise.
More than half of the flats on offer are also located in mature estates, said HDB.
"Given the strong demand for housing, especially in mature estates, HDB has been building more new flats in mature estates in recent years, to provide options for flat buyers wishing to stay near their family members living in these estates for better mutual care and support," it said in a media release.
The flats on offer are spread across seven projects in Hougang, Jurong East, Kallang Whampoa, Queenstown and Tampines.
HDB's CEO Tan Meng Dui said that notwithstanding the delays of BTO projects under construction, HDB remains "committed to provide a steady supply of new flats to meet future housing needs".
"We are also working hard with our industry partners and relevant agencies to keep ongoing BTO projects on track, amidst the difficult challenges facing the construction industry," added Mr Tan.
For the BTO projects launched in August 2021, the waiting times range from about three to 5.5 years, with a median waiting time of just over four years, said HDB.
"This is close to the range of three to around five years for the waiting times of BTO projects launched in the past year, excluding shorter waiting time flats which have waiting times that are less than three years," it said.
However, the Queen’s Arc in Queenstown, which has the longest waiting time at 67 months, is an exception, said HDB.
"This is mainly due to the additional preparation works required for the site as well as the design of the project – one of the residential blocks within the project, at 39 storeys high, is taller than most of the other BTO projects."
A longer construction time is hence required for this project, it said.
HDB said that flatbuyers who are in urgent need of housing may consider buying a resale flat instead where first-time buyers may enjoy up to S$160,000 in housing grants.
In November, HDB will offer about 4,400 BTO flats in towns and estates such as Choa Chu Kang, Hougang, Jurong West, Kallang Whampoa and Tengah
The projects are still under review, and more details will be announced when ready.
Including the projects to be offered in November, HDB said it is on track to launch about 17,000 BTO flats this year.
"This is higher than the 14,600 and 16,800 flats launched in 2019 and 2020, respectively, and will be supplemented by the balance flats which are offered via the (Safe of Balance Flats) exercises and open booking," it added.
In February next year, HDB will offer about 2,000 to 3,000 BTO flats in towns or estates such as Geylang, Tengah and Yishun. This number is subject to review as more project details will be confirmed closer to the launch date.
More information on the BTO flats is available on the HDB InfoWEB .
"HDB will continue to monitor the housing demand and make adjustments where necessary," it added.
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More than half of the flats on offer are also located in mature estates, said HDB.
"Given the strong demand for housing, especially in mature estates, HDB has been building more new flats in mature estates in recent years, to provide options for flat buyers wishing to stay near their family members living in these estates for better mutual care and support," it said in a media release.
The flats on offer are spread across seven projects in Hougang, Jurong East, Kallang Whampoa, Queenstown and Tampines.
HDB's CEO Tan Meng Dui said that notwithstanding the delays of BTO projects under construction, HDB remains "committed to provide a steady supply of new flats to meet future housing needs".
"We are also working hard with our industry partners and relevant agencies to keep ongoing BTO projects on track, amidst the difficult challenges facing the construction industry," added Mr Tan.
WAITING TIMES RANGE FROM 3 TO 5.5 YEARS
For the BTO projects launched in August 2021, the waiting times range from about three to 5.5 years, with a median waiting time of just over four years, said HDB.
"This is close to the range of three to around five years for the waiting times of BTO projects launched in the past year, excluding shorter waiting time flats which have waiting times that are less than three years," it said.
However, the Queen’s Arc in Queenstown, which has the longest waiting time at 67 months, is an exception, said HDB.
"This is mainly due to the additional preparation works required for the site as well as the design of the project – one of the residential blocks within the project, at 39 storeys high, is taller than most of the other BTO projects."
A longer construction time is hence required for this project, it said.
HDB said that flatbuyers who are in urgent need of housing may consider buying a resale flat instead where first-time buyers may enjoy up to S$160,000 in housing grants.
UPCOMING BTO LAUNCH
In November, HDB will offer about 4,400 BTO flats in towns and estates such as Choa Chu Kang, Hougang, Jurong West, Kallang Whampoa and Tengah
The projects are still under review, and more details will be announced when ready.
Including the projects to be offered in November, HDB said it is on track to launch about 17,000 BTO flats this year.
"This is higher than the 14,600 and 16,800 flats launched in 2019 and 2020, respectively, and will be supplemented by the balance flats which are offered via the (Safe of Balance Flats) exercises and open booking," it added.
In February next year, HDB will offer about 2,000 to 3,000 BTO flats in towns or estates such as Geylang, Tengah and Yishun. This number is subject to review as more project details will be confirmed closer to the launch date.
More information on the BTO flats is available on the HDB InfoWEB .
"HDB will continue to monitor the housing demand and make adjustments where necessary," it added.
Continue reading...