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Thread: HDB offers another 1,050 new BTO flats

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    Default HDB offers another 1,050 new BTO flats

    http://www.businesstimes.com.sg/sub/...62340,00.html?

    Published May 7, 2010

    HDB offers another 1,050 new BTO flats

    By EMILYN YAP


    THE Housing & Development Board (HDB) is offering 1,050 new flats in Jurong West and Yishun under the build-to-order (BTO) scheme.

    This brings the number of new BTO units it has launched since January to 6,132, and more will be coming up.

    Over at Jurong West Avenue 2, Boon Lay Grove will offer 450 flats. The estate is near Boon Lay Shopping Centre, and is some distance from the Boon Lay and Lakeside MRT stations.

    There will be 300 four-room flats and 150 five-room flats. Home seekers can expect to pay $298,000 - $358,000 for a five roomer. According to HDB, the price of a comparable five-room resale flat in the area is $365,000 - $415,000.

    The second BTO project at Yishun Avenue 11, Floral Spring @ Yishun, will have 600 flats comprising 96 studio apartments, 264 four-roomers and 240 five-roomers.

    The estate is near a HDB neighbourhood centre and a park. It is some distance from the Khatib and Yishun MRT stations.

    The price for a five-room flat at Floral Spring @ Yishun ranges from $289,000 - $332,000. A comparable five-room resale flat in the vicinity will go for $340,000 - $374,000.

    Applications for the new flats will close on May 19. PropNex believes that demand for both projects will be strong, and each could be oversubscribed by at least six times.

    This is despite the fact that both projects will be some distance from an MRT station. Residents may have to walk at least 10 to 15 minutes to reach the nearest one, PropNex pointed out.

    HDB plans to launch at least 12,000 new BTO flats by September. It will be releasing some 2,400 BTO flats in Punggol and Sengkang next month, and some of these will be from the first public housing parcel along the Punggol waterway.

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    Default 1,050 BTO flats for Boon Lay, Yishun

    http://www.straitstimes.com/Singapor...ry_523633.html

    May 7, 2010

    1,050 BTO flats for Boon Lay, Yishun

    Two new build-to-order projects meant to allay housing shortage fears

    By Dickson Li


    THE Housing Board is offering 1,050 flats at two new build-to-order (BTO) projects, in yet another sortie into the market to allay fears of a public housing shortage.

    It launched 450 BTO units in Boon Lay and 600 in Yishun. This brings the total number of new BTO flats offered to the public this year to 6,132.

    The launches are in line with the HDB's plan to offer an islandwide spread of at least 12,000 new BTO flats - in areas such as Punggol, Woodlands and Bukit Panjang - by September this year.

    Next on the horizon are 2,400 additional BTO flats in Punggol and Sengkang, as well as the first public housing parcel along the Punggol waterway, the HDB said yesterday. Last month, the HDB released 1,429 flats for sale in fast-developing Punggol.

    The projects launched yesterday - Boon Lay Grove in Jurong West Avenue 2 and Floral Spring @ Yishun in Yishun Avenue 11 - will be priced below 'equivalent market prices', the HDB said.

    Boon Lay Grove is served by facilities from the Boon Lay estate including a shopping centre, community centre, park and schools. Sited five minutes away from the Pan-Island Expressway, it offers 300 four-room and 150 five-room flats.

    Floral Spring @ Yishun, which is near an HDB neighbourhood centre, parks and schools, offers 96 studio apartments, 264 four-room and 240 five-room units.

    The HDB is setting aside 95 per cent of the four- and five-room flats for first-time home buyers.

    Applications for the new units are now open and will close on May 19. Those eligible can apply for a housing grant of up to $40,000.

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