HDB launches six BTO projects - Channel NewsAsia

HDB launches six BTO projects - Channel NewsAsia

SINGAPORE: The Housing and Development Board (HDB) has launched six Build-To-Order (BTO) projects, offering 4,627 new flats.

The flats, which range from studio apartments to 5-room units, are in four estates -- Choa Chua Kang, Sengkang, Punggol and Kallang/Whampoa.

Prices start from S$124,000 for a studio apartment in McNair Towers in Kallang/Whampoa.

A 4-room flat in Compassvale Boardwalk in Sengkang, a non-mature town, is priced between $275,000 and S$335,000, while a 4-room flat in McNair Towers in Kallang/Whampoa, a mature town, is priced between S$467,000 and S$595,000.

Punggol Edge will offer both rental and flats for home ownership. HDB said there will be more of such developments.

It said to ensure first-timers continue to enjoy priority in flat allocation, at least 95 per cent of BTO flats in mature towns and 85 per cent in non-mature estates will be set aside for them.

Eligible first-timer households can also enjoy various housing grants to help them own a new BTO flat.

Applications for flats in the May BTO launch can be submitted from Wednesday to June 5.

HDB will be offering some 3,900 new flats at the next BTO launch in July in the towns of Bedok, Bukit Merah, Clementi, Geylang and Punggol.

- CNA/al