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Thread: HDB offers 3,000 BTO and SBF flats for sale

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    Default HDB offers 3,000 BTO and SBF flats for sale

    http://www.businesstimes.com.sg/sub/...01935,00.html?

    August 31, 2010, 1.08 pm (Singapore time)

    HDB offers 3,000 BTO and SBF flats for sale

    By BERNICE BONG


    SINGAPORE - The HDB has offered 3,032 flats for sale, the largest number in a single launch this year.

    Up for sale are 1,408 new flats in Yishun under the Build-to-Order (BTO) system and 1,624 balance flats spread over 10 towns and estates under the Sale of Balance Flats (SBF) exercise.

    Yishun Riverwalk

    The BTO site, bounded by Yishun Ring Road, Yishun Street 31 and Yishun Avenue 6, will comprise of 254 studio apartments, 250 three-room, 652 four-room and 252 five-room flats.

    Facilities in this development include an eating house, a mini-mart, two shops, a child care centre and a Residents' Committee Centre.

    The sale of balance flats comprises of 55 two-room flats; 53 three-room standard flats, eight three-room premium flats, 1,081 four-room flats, 338 five-rooms and 89 executive flats.

    These flats are located in areas such as Bukit Batok, Bukit Panjang, Choa Chu Kang, Hougang, Jurong East and West and Punggol.

    With this latest launch, HBD would have offered 12,876 flats for sale since the start of 2010.

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    i was right that the govt come out with all those cooling measures to make it easier for them to offload their flats

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    tats interesting : everyone sees from a different perspective

    in short: every man for himself

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    Quote Originally Posted by mr funny
    http://www.businesstimes.com.sg/sub/...01935,00.html?

    August 31, 2010, 1.08 pm (Singapore time)

    HDB offers 3,000 BTO and SBF flats for sale

    By BERNICE BONG


    SINGAPORE - The HDB has offered 3,032 flats for sale, the largest number in a single launch this year.

    Up for sale are 1,408 new flats in Yishun under the Build-to-Order (BTO) system and 1,624 balance flats spread over 10 towns and estates under the Sale of Balance Flats (SBF) exercise.

    Yishun Riverwalk

    The BTO site, bounded by Yishun Ring Road, Yishun Street 31 and Yishun Avenue 6, will comprise of 254 studio apartments, 250 three-room, 652 four-room and 252 five-room flats.

    Facilities in this development include an eating house, a mini-mart, two shops, a child care centre and a Residents' Committee Centre.

    The sale of balance flats comprises of 55 two-room flats; 53 three-room standard flats, eight three-room premium flats, 1,081 four-room flats, 338 five-rooms and 89 executive flats.

    These flats are located in areas such as Bukit Batok, Bukit Panjang, Choa Chu Kang, Hougang, Jurong East and West and Punggol.

    With this latest launch, HBD would have offered 12,876 flats for sale since the start of 2010.

    Cannot miss out this one... Yishun Riverwalk .... actually it is just beside Long Kang. Longkang walk? But it is a nice name..... only that it gives wrong visuals. It is also near to foreign worker dormitories... the parabooneks, cheenas and bangnana

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    http://www.businesstimes.com.sg/sub/...01975,00.html?

    Published September 1, 2010

    Batch of 3,032 HDB flats put up for sale

    Offer includes 1,408 Build-to-Order flats in Yishun Riverwalk

    By LYNETTE KHOO


    THE Housing and Development Board (HDB) is offering 3,032 flats for sale - the largest supply of flats in a single launch this year - under its Build-to-Order (BTO) and Sale of Balance Flats (SBF) exercise.

    This brings the total number of flats launched by HDB since the start of this year to 12,876.

    The latest launch comprises 1,408 new flats in Yishun Riverwalk under the BTO system and 1,624 flats under the SBF exercise spread across 10 non-mature towns or estates in Bukit Batok, Bukit Panjang, Choa Chu Kang, Hougang, Jurong East/ West, Punggol, Sembawang, Sengkang and Woodlands.

    Selling prices of the flats at Yishun Riverwalk range from $63,000-$87,000 for a studio apartment to $287,000-$350,000 for a 5-room flat, while the selling prices of flats under SBF exercise range from $104,000-$126,000 for a 2-room flat to $354,000- $482,000 for an executive flat.

    HDB said that all flats offered in this launch enjoy a generous subsidy below their market value. It advised flat buyers to 'exercise financial prudence and buy a flat that they can afford' and that those looking for affordable options can consider the BTO flats at Yishun Riverwalk.

    For flats purchased in Yishun Riverwalk, first-time flat buyers are estimated to use 21-24 per cent of their monthly household income to meet their monthly loan payments.

    PropNex CEO Mohamed Ismail noted that the median price of the flats offered at Yishun Riverwalk are 'extremely attractive'. Based on HDB's second quarter figures, 3-room flats at Yishun Riverwalk are priced about 39 per cent lower than similar flats in the estate, while 4- and 5-room flats are about 21 to 23 per cent cheaper.

    The provision of lifestyle amenities at Yishun Riverwalk and its proximity to public transport makes the BTO flats all the more attractive for first-time buyers, he said.

    'Despite the measures announced by HDB yesterday to curtail speculative flipping, the demand for these flats will still be high as the buyers' profile is such that the new measures would have little effect on them,' Mr Ismail added.

    As demand for public housing remains high, Mr Ismail said he expects the oversubscription rate for the BTO to be around five to six times. He expects the flats under SBF exercise to be at least eight times oversubscribed, especially for flats that are already completed, have a shorter waiting period or are in more matured estates.

    HDB had said that it will increase the total new flat supply to more than 16,000 new flats this year. The next launch will consist of 1,320 flats in Woodlands this month.

    The BTO supply will also be supplemented by the upcoming 3,824 units under the Design, Build & Sell Scheme (DBSS) and Executive Condominium Scheme to provide choices for higher-income households, HDB said.

    It added that it is prepared to launch more sites for DBSS development if there is sustained demand.

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    http://www.straitstimes.com/PrimeNew...ry_572824.html

    Aug 31, 2010

    new property rules

    Government to ramp up supply of new flats

    By Jessica Cheam


    HOME-buyers can look forward to an unprecedented surge in supply of new Housing Board (HDB) flats this year and next - enough to fill a town as big as Toa Payoh.

    The HDB said yesterday it will offer 16,000 new flats this year, and up to 22,000 next year under its build-to-order (BTO) scheme. Taken together, the number surpasses the 35,400 flats in Toa Payoh today.

    It will also release more land for tender for executive condominiums (ECs) and its design, build and sell scheme (DBSS), where private sector operators develop public housing projects.

    These could yield 7,000 DBSS flats and 8,000 EC units over the next two years if demand is sustained.

    In contrast, only 4,000 units have been launched for sale under the DBSS scheme since it started in 2005 and 10,000 flats for ECs in the last 10 years.

    The ramp-up of supply follows Prime Minister Lee Hsien Loong's announcement in his National Day Rally speech on Sunday that the $8,000 a month income ceiling will be slightly relaxed for the 'sandwich group' of home-buyers.

    Those with a monthly household income of between $8,000 and $10,000 will now also be eligible to buy DBSS flats - where previously their only option apart from private property was EC units.

    They will be allowed to buy the flats with a CPF Housing Grant of $30,000.

    Speaking at a briefing yesterday, National Development Minister Mah Bow Tan said the increase in supply will ensure that there are enough flats for those who wish to buy. He said this would also dampen prices, although other factors such as the economy, jobs and interest rates would also play a part.

    The new DBSS homes will be built in mature towns such as Yishun, Tampines, Bedok, Hougang and Jurong West, said the HDB.

    The new EC homes will be spread across new and mature estates such as Sengkang, Yishun, Punggol, Pasir Ris and Bukit Panjang.

    Asked if the increase in supply could create a housing supply glut in the future, Mr Mah said that supply could be adjusted to demand based on HDB's BTO system, which builds only when a certain level of demand is reached.

    He added that the measures will have an impact on the market but 'it will not cause a great problem... but we still need to watch it'.

    Mr Mah also said that the completion time for new flats will be cut from three years to 2-1/2 years for projects launched from the middle of next year onwards. This will be achieved by streamlining HDB's internal processes and awarding the tenders for projects earlier, he said.

    CBRE Research executive director Li Hiaw Ho said yesterday that first-time home-buyers 'stand to benefit most from the measures, not only from the increase in supply providing more options, but also from an expected reduction in competition from buyers who are purchasing second and subsequent properties'.

    'The main thrust of these revised measures... reiterates the Government's stand that HDB homes are primarily for owner-occupation and should remain so,' he added.

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    http://www.straitstimes.com/PrimeNew...ry_573283.html

    Sep 1, 2010

    changes to property rules

    3,032 new HDB flats on market

    It's the largest single launch ever; five private developer sites for sale

    By Joyce Teo, Property Correspondent


    THE largest number of new HDB flats in a single launch was released yesterday, while five sites for private developers were put up for sale by the Government.

    The moves to bump up new home supply come a day after measures were unveiled to curb property speculation.

    The 3,032 new flats comprise 1,408 build-to-order (BTO) units in Yishun and 1,624 balance homes spread over 10 non-mature towns or estates.

    PropNex chief executive Mohamed Ismail expects the BTO flats to be five to six times oversubscribed, and says the balance units will be at least eight times oversubscribed.

    The supply of balance flats comes from differing sources, including flats left over from earlier BTO exercises.

    They are popular with buyers as they have either been completed or have shorter waiting periods, or are in more mature estates, said Mr Ismail.

    There are 1,081 four-room balance flats priced from $190,000 to $380,000. The rest are two- to five-roomers and executive units. Prices start from $104,000 to $126,000 for a two-roomer.

    The flats are in a range of estates, including Hougang, Punggol and Sengkang.

    The BTO flats are in Yishun Riverwalk. The 254 studio apartments will cost $63,000 to $87,000. The rest are three- to five-room flats, with the 652 four-roomers priced at $214,000 to $268,000.

    The HDB expects high application rates for the balance homes based on the previous sale, so people will have a greater chance of success if they target a BTO flat. The first sale of balance flats was held last October, with 2,132 units offered.

    The launch yesterday brings the total number of new HDB flats offered this year to 12,876. The HDB will offer more than 16,000 new flats this year and up to 22,000 next year.

    The private sector was catered for as well yesterday, with one confirmed site placed for sale in Petir Road and four other plots made available if developers are keen. All the sites are near projects that have been launched in the past year or so.

    The 2.3ha Petir Road site has a maximum gross floor area of 47,763 sq m and can yield about 430 flats. It is next to the fully sold Tree House, launched in April.

    An industry expert said the site may attract bids ranging from about $320 to $355 per sq ft per plot ratio, which works out to $164.5 million to $183 million.

    One of the other sites is at the junction of West Coast Link and West Coast Crescent and next to the fully sold The Vision condo, which was launched earlier this year.

    An Alexandra Road site is beside Ascentia Sky, which was launched last year, while a plot in Tanah Merah Kechil Road is near Optima@Tanah Merah, which sold out in three days in August last year.

    A plot at the junction of Pasir Ris Drive 3 and Elias Road is near Oasis@Elias, which was launched last year.

    Experts told The Straits Times that while most of these sites are attractive, their sale may not be triggered just yet as the cooling measures would have dampened sentiment.

    'Developers will adopt a wait-and-see approach. They will want to observe the responses to the upcoming launches before they act on these land tenders,' said Jones Lang LaSalle's South-east Asia research head Chua Yang Liang.

    [email protected]

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