HDB launches 6,753 flats for sale under May 2019 exercise
By Charlene Chin
/ EdgeProp |
HDB has launched 6,753 flats for sale under the May 2019 public housing sales exercise, it announced in a press release on May 22.
There will be 3,485 units under the Build-To-Order (BTO) scheme, spread across four projects -- three in the non-mature towns of Tengah and Woodlands, and one in the mature town of Kallang/Whampoa. Citizens will get to choose from flats varying from two-room Flexi to five-room.
Table 1: May 2019 BTO Prices (Source: HDB)
Under the Sale of Balance Flats (SBF) exercise, 3,268 units are released for sale across various estates. Flats for selection comprise 535 units of two-room flexi, 432 units of three-room, 1,384 units of four-room, 799 units of five-room, 111 units of 3Gen and seven units of executive flats.
Although the majority of flats offered under the SBF exercise are reserved for first-timer families, first-timer singles can apply for a two-room Flexi flat in non-mature towns.
To help young couples make their housing plan in advance, this is the first public housing sale where HDB has cut the balloting time for BTO flats, from six weeks to three weeks, as well as announced BTO projects six months in advance, compared to the usual three months.
BTO flats
Garden Vale @ Tengah (Credit: HDB)
In Tengah, there will be 2,180 BTO flats in total - 987 flats will be in Garden Vale @ Tengah, which is bounded by Tengah Drive, Tengah Boulevard and Plantation Crescent, while Plantation Acres - along Plantation Crescent - will house 1,193 units.
Plantation Acres (Credit: HDB)
Champions Green, bounded by Champions Way and Woodlands Drive 17, will offer 722 flats in total. This estate will be served by Woodlands South MRT Station, along the Thomson-East Coast Line, which is expected to be completed this year.
Champions Green (Credit: HDB)
Kempas Residences - bounded by Serangoon Road, Lavender Street, Boon Keng Road and Kempas Road - will offer a total of 583 flats. The two-room flexi flats at this HDB estate are offered only to seniors (aged 55 and above) on short leases of between 15 and 45 years, in five-year increments.
Kempas Residences (Credit: HDB)
Property consultants believe that Kempas Residences will be the most popular choice, as it is right beside Boon Keng MRT Station on the North East Line.
Applications for the flats launched under BTO and SBF can be submitted online on the HDB InfoWEB from May 22 to 28, 2019. Applicants can opt for only one flat type in one town under either the BTO or SBF exercise.
Upcoming BTO launches
Table 2: Summary of May 2019 SBF Prices (Source: HDB)
There will be two more launches for this year. In August, HDB will offer about 3,300 flats in Punggol and Tampines. In November, HDB will offer about 4,500 flats in Ang Mo Kio, Tampines and Tengah. Of these, the flats in two Tengah projects will have a shorter waiting time of two to three years, instead of the usual three to four years.
Concurrently, Re-Offer of Balance Flats (ROF) and SBF exercises will also be held in the two months.
Starting from June 2019, flat buyers will have the option to book unselected ROF flats from an open pool at any time of the year.
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