reporter2
26-11-14, 16:17
http://www.businesstimes.com.sg/real-estate/7500-hdb-flats-launched-including-the-first-ones-in-tampines-north
7,500 HDB flats launched, including the first ones in Tampines North
It is HDB's last Build To Order-cum-Sale of Balance Flats exercise for the year
By Claire Huang
[email protected]@ClaireHuangBT
26 Nov
THE Housing and Development Board (HDB) on Tuesday launched its last Build To Order (BTO)-cum-Sale of Balance Flats (SBF) exercises for the year.
This last launch for 2014, which includes Tampines North's first housing project featuring the first three-generation (3Gen) flats in a mature town, comprises 7,568 flats in all, from a mix of mature and non-mature towns.
The HDB said it will offer 4,277 BTO flats across six projects in the non-mature towns of Sembawang, Sengkang, Yishun and the mature town of Tampines.
Tampines GreenRidges, the first housing development in Tampines North, will be the first Tampines precinct to feature a pneumatic waste conveyance system, an automated waste-collection system that promises clean and fuss-free waste disposal.
Under the BTO exercise, first-timers will continue to enjoy priority in the allocation of flats. Eligible first-timer singles have the option of applying for two-room flats in Anchorvale Fields, Blossom Spring@Yishun, Meadow Spring@Yishun or Sun Breeze.
HDB said: "Married/courting couples who wish to live together with their parent or parents can apply for a 3Gen flat in Tampines GreenRidges, where such flats will be offered in a mature town for the first time."
Under the November SBF exercise, HDB will offer 3,291 balance flats in 11 non-mature and 15 mature towns. Flats offered under this exercise are reserved for families, but at least 95 per cent of the supply of these flats (excluding studio apartments) will be set aside for first-timers.
About 27 per cent of SBF flats are already completed; the remaining 73 per cent are being built.
The Enhancement of Married Child Priority Scheme (MCPS) will also kick in under these exercises.
Under this scheme, up to 30 per cent of the flat supply for first-timer families and up to 15 per cent of that for second-timer families will be set aside for those who want to live with or be near their parents or married child.
The launch brings the total BTO flat supply in 2014 to 22,455 units, in line with the HDB's commitment to launch 22,400 BTO flats for sale this year.
Together with the 6,674 balance flats offered under the May and November 2014 SBF exercises, HDB has offered a total of 29,129 flats for sale to Singaporeans in 2014.
The HDB InfoWEB will take applications for the flats launched in these exercises from now until Dec 1.
Applicants can apply for only one flat type/category in one town/estate, under either the BTO or SBF exercise.
Next year, the HDB plans to launch four BTO exercises, with a total of 16,900 new flats. It will conduct quarterly sales launches starting in February; that month, it will offer about 3,940 flats in Bukit Batok, Geylang and Hougang.
Eugene Lim, the key executive officer at ERA Realty, said response for Tampines North is likely to be positive, and that flats in and around regional centres can command a good price in the resale market.
He added that it is "good news" that HDB is scaling down its BTO programme in 2015, as the bulk of the back log in demand among first-timers has been cleared.
For the SBF launch, Mr Lim expects the usual high number of applications for flats located in mature estates.
"In general, the SBF launches have a strong following because the waiting time for these flats is shorter, as most of them are already well under construction," he said.
7,500 HDB flats launched, including the first ones in Tampines North
It is HDB's last Build To Order-cum-Sale of Balance Flats exercise for the year
By Claire Huang
[email protected]@ClaireHuangBT
26 Nov
THE Housing and Development Board (HDB) on Tuesday launched its last Build To Order (BTO)-cum-Sale of Balance Flats (SBF) exercises for the year.
This last launch for 2014, which includes Tampines North's first housing project featuring the first three-generation (3Gen) flats in a mature town, comprises 7,568 flats in all, from a mix of mature and non-mature towns.
The HDB said it will offer 4,277 BTO flats across six projects in the non-mature towns of Sembawang, Sengkang, Yishun and the mature town of Tampines.
Tampines GreenRidges, the first housing development in Tampines North, will be the first Tampines precinct to feature a pneumatic waste conveyance system, an automated waste-collection system that promises clean and fuss-free waste disposal.
Under the BTO exercise, first-timers will continue to enjoy priority in the allocation of flats. Eligible first-timer singles have the option of applying for two-room flats in Anchorvale Fields, Blossom Spring@Yishun, Meadow Spring@Yishun or Sun Breeze.
HDB said: "Married/courting couples who wish to live together with their parent or parents can apply for a 3Gen flat in Tampines GreenRidges, where such flats will be offered in a mature town for the first time."
Under the November SBF exercise, HDB will offer 3,291 balance flats in 11 non-mature and 15 mature towns. Flats offered under this exercise are reserved for families, but at least 95 per cent of the supply of these flats (excluding studio apartments) will be set aside for first-timers.
About 27 per cent of SBF flats are already completed; the remaining 73 per cent are being built.
The Enhancement of Married Child Priority Scheme (MCPS) will also kick in under these exercises.
Under this scheme, up to 30 per cent of the flat supply for first-timer families and up to 15 per cent of that for second-timer families will be set aside for those who want to live with or be near their parents or married child.
The launch brings the total BTO flat supply in 2014 to 22,455 units, in line with the HDB's commitment to launch 22,400 BTO flats for sale this year.
Together with the 6,674 balance flats offered under the May and November 2014 SBF exercises, HDB has offered a total of 29,129 flats for sale to Singaporeans in 2014.
The HDB InfoWEB will take applications for the flats launched in these exercises from now until Dec 1.
Applicants can apply for only one flat type/category in one town/estate, under either the BTO or SBF exercise.
Next year, the HDB plans to launch four BTO exercises, with a total of 16,900 new flats. It will conduct quarterly sales launches starting in February; that month, it will offer about 3,940 flats in Bukit Batok, Geylang and Hougang.
Eugene Lim, the key executive officer at ERA Realty, said response for Tampines North is likely to be positive, and that flats in and around regional centres can command a good price in the resale market.
He added that it is "good news" that HDB is scaling down its BTO programme in 2015, as the bulk of the back log in demand among first-timers has been cleared.
For the SBF launch, Mr Lim expects the usual high number of applications for flats located in mature estates.
"In general, the SBF launches have a strong following because the waiting time for these flats is shorter, as most of them are already well under construction," he said.