Results 1 to 9 of 9

Thread: 1,200 BTO flats for sale

  1. #1
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default 1,200 BTO flats for sale

    http://www.straitstimes.com/Breaking...ry_442950.html

    Oct 16, 2009

    1,200 BTO flats for sale

    By Felicia Wong


    This batch of 1,200 BTO flats are part of the upcoming 5,000 units announced earlier this month. -- ST PHOTO: NURIA LING

    THE Housing Board (HDB) on Friday launched two more build-to-order (BTO) projects in Sengkang and Jurong West, which will offer a total of 1,200 flats.

    Fernvale Palms at Sengkang West Way will have 495 units in four 27-storey blocks, according to the HDB's website. The bulk of the units will be four-room flats, along with 92 three-room flats and 52 five-room units.

    The other project, Boon Lay Meadow in Jurong West Avenue 2, will offer 705 units. The project comprises 240 two-room flats, 300 three-roomers and 165 four-room flats.

    Prospective buyers can expect to fork out between $214,000 and $262,000 for a four-room unit at Fernvale Palms, or from $223,000 to $266,000 for a similar unit at Boon Lay Meadow.

    The two BTO projects will supply part of the 5,000 new flats announced by National Development Minister Mah Bow Tan earlier this month. The HDB said it will launch six more BTO projects comprising 4,000 flats in the next two months.

    Applications for the new flats can be submitted online from Friday to Oct 29. For enquiries, the public can e-mail [email protected]


    Prices of the new flats:

    Selling prices for the flats range from:

    Fernvale Palms

    - $129,000 to $163,000 for a 3-room flat;

    - $214,000 to $262,000 for a 4-room flat; and

    - $282,000 to $340,000 for a 5-room flat

    Boon Lay Meadow

    - $86,000 to $103,000 for a 2-room flat;

    - $138,000 to $173,000 for a 3-room flat; and

    - $223,000 to $266,000 for a 4-room flat

  2. #2
    xebay11 is offline New Launch Project Specialist
    Join Date
    Aug 2009
    Posts
    1,439

    Default

    Quote Originally Posted by mr funny

    Boon Lay Meadow
    Wah sounds really atas man.

  3. #3
    Join Date
    Jul 2009
    Posts
    1,549

    Default

    Quote Originally Posted by xebay11
    Wah sounds really atas man.
    Lucky not Meadows @ Boon Lay.
    BE CENTRED BY ALL AT THE FRINGE OF THE CITY @

  4. #4
    xebay11 is offline New Launch Project Specialist
    Join Date
    Aug 2009
    Posts
    1,439

    Default

    In 5 years time, I can rent Boon Lay Meadows for my foreign workers.

  5. #5
    Join Date
    Nov 2008
    Posts
    1,141

    Default

    Quote Originally Posted by xebay11
    In 5 years time, I can rent Boon Lay Meadows for my foreign workers.
    WOW, so you are a TAO KAY.....

  6. #6
    xebay11 is offline New Launch Project Specialist
    Join Date
    Aug 2009
    Posts
    1,439

    Default

    Quote Originally Posted by Property_Owner
    WOW, so you are a TAO KAY.....
    Chey admin officer lah!

  7. #7
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008
    Posts
    2,549

    Default


    High demand for Sengkang, Jurong BTO units on first day of sale
    938 LIVE
    Friday, 16 October 2009, 2223 hrs


    Fernvale Palms in Sengkang

    Two Built-To-Order (BTO) housing projects were launched on Friday, offering 1,200 flats in Sengkang and Jurong West.

    On the first day of sale, the Housing and Development Board (HDB) received 501 applications for the units.

    Located near two LRT stations, it is no wonder flat buyers are drawn to the 495 flats available at Fernvale Palms in Sengkang.

    An interested buyer said: "By the time the flat is ready (in three or four years), the place should be more or less established. At the same time, it allows me and my future wife (time) to save up after our marriage.

    "I think it's cheaper than the resale flats because you don't have to pay the COV. And resale flats tend to be (more expensive) because the sellers tend to sell at high prices."

    Prices range from S$129,000 to S$163,000 for a three-room flat, and S$214,000 to S$262,000 for a four-room flat in Sengkang. A five-room flat costs between S$282,000 and S$340,000.

    Over in Jurong West, home buyers can choose from 705 units at Boon Lay Meadows. Prices range from S$86,000 to S$103,000 for a two-room flat, and S$138,000 to S$173,000 for a three-room unit. A four-room flat is priced between S$223,000 and S$266,000.

    Industry players said they expect high demand for both projects, with Jurong West being the more popular of the two.

    Mohd Ismail, chief executive officer at PropNex Realty said: "These 1,200 BTO standard flats that have been launched on Friday is very welcoming news because this will give certainty in terms of owning the property come next three to four years.

    "Unlike the other completed flats, BTO flats have got better opportunities for someone to be successful ... even looking at the pricing, I think it is attractively priced.

    "Jurong West, a relatively mature estate, will again have strong demand, especially from a lot of new families who want to stay closer to their parents. Probably, we can expect a stronger demand from Jurong West than Sengkang."

    HDB said that most households will not need to use cash to meet their monthly mortgage payments based on the income of flat applicants in the first half of this year.

    First-time buyers of these two new projects are expected to use between 18 and 24% of their monthly household income to meet their monthly loan commitments.

    The BTO flats are part of the supply of 5,000 new flats announced by National Development Minister Mah Bow Tan earlier this month.

    Applications for these two BTO projects end on October 29.

  8. #8
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default

    http://www.businesstimes.com.sg/sub/...09540,00.html?

    Published October 17, 2009

    HDB launches 2 build-to-order projects

    Market watchers expect demand for the Sengkang and Jurong West flats to be good

    By UMA SHANKARI


    THE Housing and Development Board launched two build-to-order (BTO) projects yesterday.

    Fernvale Palms in Sengkang and Boon Lay Meadow in Jurong West will offer a total of 1,200 standard flats.

    The new flats form part of the 5,000 new supply that National Development Minister Mah Bow Tan announced on Oct 1.

    Fernvale Palms is a standard contract offering a total of 495 units comprising 96 three-room, 347 four-room and 52 five-room flats. Selling prices for the Sengkang flats range from $129,000 to $163,000 for a three-room flat, and $214,000 to $262,000 for a four-room unit.

    A five-room flat will cost between $282,000 and $340,000. The property is located near two Light Rail Transit stations, HDB said.

    Another 705 units will be available at Boon Lay Meadow in Jurong West estate. They will be made up of 240 two-room, 300 three-room and 165 four-room flats.

    Two-room flats in the project will go for $86,000 to $103,000, three-room flats will go for $138,000 to $173,000 and four-room flats will cost $223,000 to $266,000.

    Boon Lay Meadow is served by two Mass Rapid Transit stations, Boon Lay and Lakeside, HDB said.

    Market watchers said that the demand for the flats is expected to be good. 'The flats look very attractive,' said Eugene Lim, associate director for ERA Asia Pacific. 'These are obviously targeted at first-time buyers, who should find them affordable.'

    HDB expects that first-time flat buyers will need to use 18-24 per cent of their monthly household income to meet their monthly loan commitments for these two projects.

    'This is well below the 30 per cent international benchmark for affordable housing,' said the agency.

    Flat buyers can look forward to more BTO launches over the next two months. HDB will be launching six more BTO projects with 4,000 flats in November and December. These projects will be located in towns such as Punggol, Bukit Panjang, Sembawang and Dawson.

    Earlier this month, HDB announced plans to ramp up its supply of new flats to meet increased demand for public housing. The news came as flash estimates showed that prices of resale HDB flats rose 3.2 per cent in the third quarter, which analysts attributed to the greater demand for resale flats in recent months.

  9. #9
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default HDB launches two new BTO projects

    http://www.straitstimes.com/Singapor...ry_443243.html

    October 17, 2009 Saturday

    HDB launches two new BTO projects

    1,200 flats planned for Sengkang and Jurong West

    By Esther Teo


    THE Housing Board has launched two build-to-order (BTO) projects - Fernvale Palms in Sengkang and Boon Lay Meadow in Jurong West - that will deliver 1,200 new flats to the market.

    The developments form the initial tranche of the supply of 5,000 new units announced by National Development Minister Mah Bow Tan early this month.

    Six other BTO projects, comprising 4,000 flats in total, are expected to be launched over the next two months in towns such as Punggol, Bukit Panjang, Sembawang and Dawson in Queenstown estate.

    The addition of so many new flats will offer young couples looking for their first homes greater choice and certainty, the HDB said yesterday.

    The two projects launched yesterday are made up of 240 two-room, 396 three-room, 512 four-room and 52 five-room units.

    Fernvale Palms, with 495 three-, four- and five-room units, will be built on Sengkang West Way, near Fernvale and Thanggam LRT stations and a short drive from the Tampines Expressway.

    Boon Lay Meadow, which will be within the established Jurong West estate and near the Pan-Island Expressway, will have 705 units of two-, three- and four-room flats.

    The HDB said the new flats are being sold below their equivalent market prices.

    Five-room flats of 110 sq m in Fernvale Palms are going for between $282,000 and $340,000, while four-room units of 90 sq m in Boon Lay Meadow are priced between $223,000 and $266,000.

    According to the HDB, premium five-room resale flats in the Fernvale Palms area cost between $369,000 and $450,000, while four-room units similar to those at Boon Lay Meadow are selling for between $290,000 and $330,000.

    Ngee Ann Polytechnic real estate lecturer Nicholas Mak said buyers should take into account the trade-off between a lower price and the ease of accessibility and location.

    He said that HDB prices are lower because buyers have to be compensated for the waiting time. Under the BTO scheme, projects are built when a certain demand is reached, and flats typically take three to four years to be completed.

    The HDB said that based on the income of flat applicants in the first half of this year, it is expected that most households will not need to use cash to meet their monthly mortgage payments. Their CPF contributions will be able to fully cover the costs.

    Eligible first-timers with an average monthly household income of $5,000 or less can also apply for the Additional CPF Housing Grant (AHG) of up to $40,000. This was introduced in 2006 to provide lower-income earners with extra help to offset the initial downpayment.

    Applications for the new flats can be submitted online at www.hdb.gov.sg until Oct 29.

    [email protected]
    Attached Files Attached Files

Similar Threads

  1. HDB launches 8,748 new flats for sale
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 20-05-17, 03:11
  2. 6,454 HDB flats in combined launch of Build-To-Order and Sale of Balance Flats
    By princess_morbucks in forum HDB, EC, commercial and industrial property discussion
    Replies: 2
    -: 23-05-14, 13:33
  3. 8,000 SBF, BTO flats up for sale
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 1
    -: 05-06-13, 19:01
  4. Sale of 683 HDB flats
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 10-10-08, 13:51
  5. 992 HDB flats go on sale
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 26-09-08, 15:11

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •