HDB launches 4,933 flats in Aug 2022 BTO exercise

August 30, 2022

HDB has launched 4,993 flats for sale under the August 2022 Build-To-Order (BTO) exercise. The flats are spread across seven projects, including two located in Bukit Merah under the Prime Location Public Housing (PLH) model.

The two projects under the PLH model, dubbed Havelock Hillside and Alexandra Vale, will offer a total of 1,651 units, comprising a mix of three- and four-room flats. According to HDB, up to 20% of the PLH flats in the two projects will be set aside for first-timer families, and up to 2% will be for second-timer families, under the Married Child Priority Scheme.

Havelock Hillside is located along Havelock Road, near the upcoming Havelock MRT Station on the Thomson-East Coast Line. It will have a total of 869 units. Alexandra Vale, with 782 flats, is located along Alexandra View, close to Redhill MRT Station. Prices for the PLH flats will start from $370,000 for a three-room flat and from $531,000 for a four-room flat, excluding grants.

According to Christine Sun, senior vice president of research & analytics at OrangeTee & Tie, the flats are “very affordable” in comparison to private condos in the vicinity, where resale prices range from around $1,500 to $2,100 psf. This means a condo unit similar in size to the four-room flats at Havelock Hillside and Alexandra Vale, which are around 925 sq ft, could cost between $1.39 and $1.94 million.

Of the remaining five BTO projects, two are located in the mature estates of Ang Mo Kio and Tampines, while three are located in non-mature estates — Choa Chu Kang, Jurong and Woodlands.

The project in Ang Mo Kio is called Central Weave @ AMK. and is located in the Ang Mo Kio Town Centre, less than 10 minutes’ walk from Ang Mo Kio MRT Station. There are a total of 896 units comprising a mix of two-room flexi, four-room, five-room and 3Gen flats. Prices will start from $198,000 for a two-room flexi flat, from $535,000 for a four-room flat, from $720,000 for a five-room flat, and from $713,000 for a 3Gen flat, excluding grants.

Read more at: https://www.edgeprop.sg/property-new...2-bto-exercise