HDB launches 382 BTO flats for sale at Marsiling

http://www.straitstimes.com/Latest%2...ry_246307.html

June 10, 2008

HDB launches 382 BTO flats for sale at Marsiling

http://www.straitstimes.com/STI/STIM...080610/hdb.jpg
Residents can also enjoy easy access to other amenities such as shops, parks, schools and a sports/swimming complex. -- PHOTO: HDB

THE Housing Board offered 382 flats for sale at Marsiling under the Build-To-Order (BTO) scheme on Tuesday.

The flats at Straits Vista @ Marsiling, near Woodlands Regional Centre, comprise 50 three-room and 332 four-room units.

The three-room flats, with floor area of between 67 and 69 sq metres, are priced from $116,000 to $164,000, while the four-room units, with floor area of 93 to 95 sqm, will be sold at between $184,000 and $257,000. They are expected to be ready by May 2013.

The HDB said the Marsiling flats are part of the 8,400 units planned for this year under the BTO scheme and are the first HDB project in Woodlands town in recent years.

'It will help to meet the strong demand for flats in the northern part of Singapore, although the bulk of the new BTO flats will continue to be offered in Punggol and Sengkang,' said the board in a statement on Tuesday.

The project is well served by Woodlands MRT Station and a bus interchange. Residents can also enjoy easy access to other amenities such as shops, parks, schools and a sports/swimming complex. It is just a 5-minute drive to the Bukit Timah and Seletar Expressways.

As BTO flats typically require a few years to complete, the HDB advises buyers to plan ahead for their housing needs.

Applications for the new flats can be submitted from June 10 to 23.

Wide range of affordable resale flats available

Buyers with more immediate housing needs can get a resale HDB flat, with eligible first-timers given a CPF housing grant of $30,000 to $40,000, as well as the additional CPF grant of up to $30,000.

The HDB says there is still a wide range of affordable resale flats available to meet the budget of most flat buyers.

Its records show that in the first quarter, 14 per cent of the resale transactions were conducted at or below market valuation.