The Housing and Development Board (HDB) inaugurated a total of 8,748 new flats on Thursday, May 18, 2017. These apartments were constructed in the Build-to-order (BTO), and the Sale of Balance Flats (SBF) scheme.
The BTO projects are six in number – one in Yishun, one Geylang, two in Bidadari, two in Woodlands, making it a total of 4,802 units. The price for a two-room Flexi flat in Woodlands ranges from S$73,000 to S$622,000; same applies to a 3Gen flat in Bidadari.
Also on offer are 3,946 balance flats in 14 mature towns and estates and 11 non-mature towns and estates. For an executive flat, one would have to pay S$480,000 while a two-room Flexi unit sells for S$73,000. Starting with this sale exercise, the HDB will adopt the Deferred Down payment Scheme which favours intending home owners who are 55 years and above. This class of would-be buyers who need a three-room or two-room Flexi uncompleted apartments could delay their down payment on their new property pending when they move into the property.
The HDB had taken a step to make the payment for the properties easier for older flat owners whose funds are held up in their current homes by extending the scheme automatically to eligible flat owners. Intending buyers can now submit their applications online until next week Wednesday at the HDB website.
These bumper flats offer potential homebuyers a wide range of options to aid them to find a home which meets their meets and still keeps their finances in a healthy state. For those who don’t mind the location of these properties, their chances of being allocated a flat will improve if they apply for those in the non-mature estates of Yishun and Woodlands. The reason for this is that the mature estates of Geylang and Bidadari usually have a higher application rate than the non-mature estates and are the favourites of most applicants.
This year (2017) has seen the launching of two BTO schemes. The sum total of Build-to-Order apartments offered to the public currently stands at 8,858 flats. If we take consideration the fact that the HDB has offered the remaining 3,946 apartments in this last sale exercise, we would have an aggregate of 12,804 units on sale in the first six months of 2017. The HDB intends to launch an additional 3,850 flats in Sengkang and Bukit Batok in August.
Not eligible for BTO/SBF flat? How about considering Executive Condos in estates such as Choa Chu Kang, Hougang and Sengkang?
- Hundred Palms Residences
- Sengkang EC
- Sol Acres
Another alternative is to consider Singapore Condos. Below is a list of our new launch condos,