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HDB launches 12,411 flats for sales

By Esther Hoon

/ The Edge Property |

November 17, 2015 1:00 PM SGT

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The Housing & Development Board (HDB) has released a massive 12,411 flats – 7,061 BTO flats and 5,350 balance flats –as part of the November 2015 Build-To-Order (BTO) cum Sales of Balance Flats (SBF) exercise, the largest to date, on Tuesday (Nov 17).

Keen applicants gunning for BTO flats can choose from seven projects in non-mature towns of Bukit Batok, Choa Chu Kang, Hougang, Punggol and Sengkang and three housing projects from the debut launch of Bidadari estate in Toa Payoh.

The balance flats offered under the November 2015 SBF exercise are located in 11 non-mature towns and 14 mature towns or estates. The bulk of these SBF flats will be reserved for first-timer families, however eligible first-timer singles may also apply for a 2-room Flexi flat in non-mature towns.

This is the first sales exercise by HDB since the revision of income ceiling and enhancement of Special CPF Housing Grant (SHG) on 24 August 2015. Income ceilings for citizen households and single Singaporeans buying new flats from HDB have been raised to $12,000 and $6,000 respectively. Households earning up to $8,500 can now enjoy the SHG for their first home as compared to $6,500 previously.

The application period for this sales exercise ends on 26 Nov. The next BTO launch will commence in February 2016 where HDB will be offering about 4,150 BTO flats in Bidadari, Bukit Batok and Sengkang.

Table 1: November 2015 BTO Prices

Town	Project(s)	Flat Type	Transacted Prices of Resale Flats in the Vicinity	Selling Price (Excluding Grants)	Selling Price (Including Grants)
Non-Mature Towns
Choa Chu Kang	Teck Whye Vista	2-room Flexi	-	From $90,000	From $10,000
Sengkang	Fernvale Woods	2-room Flexi	-	From $81,000	From $5,000
3-room	-	From $159,000	From $89,000
4-room	$393,000 - $485,000	From $252,000	From $197,000
5-room	$425,000 - $510,000	From $320,000	From $310,000
Bukit Batok	West Quarry @ Bukit Batok	2-room Flexi	-	From $84,000	From $5,000
3-room	$263,000 - $300,000	From $161,000	From $91,000
4-room	$399,000 - $457,000	From $272,000	From $217,000
Hougang	Hougang RiverCourt	4-room	$385,000 - $460,000	From $271,000	From $216,000
5-room	$475,000 - $630,000	From $364,000	From $354,000
3Gen	-	From $358,000	From $348,000
Punggol	Waterfront I & II @ Northshore Northshore StraitsView	2-room Flexi	-	From $84,000	From $5,000
3-room	-	From $173,000	From $103,000
4-room	$400,238 – $430,000	From $277,000	From $222,000
5-room	$450,000 – $538,000	From $377,000	From $367,000
3Gen	-	From $392,000	From $382,000
Mature Town/Estate
Toa Payoh	Alkaff CourtView Alkaff LakeView Alkaff Vista	2-room Flexi	-	From $154,000	From $114,000
3-room	$360,000 - $428,000	From $297,000	From $267,000
4-room	$515,000 - $555,000	From $433,000	From $418,000
5-room	$500,000 - $858,000	From $544,000	From $534,000

Source: HDB

Table 2: Summary of November 2015 SBF Prices

Flat Type	Selling Price (Excluding Grants)	Selling Price (Including Grants)
Non-Mature Towns
2-Room Flexi(99-yr/remaining lease)	From $80,000	From $4,000
3-Room	From $143,000	From $73,000
4-Room	From $227,000	From $172,000
5-Room	From $315,000	From $305,000
3Gen	From $353,000	From $343,000
Executive	From $495,000	-

Mature Towns/Estates
2-Room Flexi(99-yr/remaining lease)	From $137,000	From $97,000
3-Room	From $169,000	From $139,000
4-Room	From $299,000	From $284,000
5-Room	From $348,000	From $338,000
Executive	From $475,000	-

Source: HDB

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