Artist’s impression of the Tampines GreenFoliage BTO project. (Photo: HDB)
The Housing and Development Board (HDB) launched 4,381 flats for sale on Tuesday (6 February) under its latest sales exercise. This includes 3,664 Build-To-Order (BTO) and 717 balance flats.
The BTO flats will be spread across five projects in Choa Chu Kang, Woodlands, Geylang and Tampines. They range from 2-room Flexi to 5-room flats.
SEE ALSO: Ultimate BTO guide
Prices range from $71,000 for a 2-room Flexi flat at Woodlands Glade to $429,000 for a 4-room unit at Ubi Grove in Geylang, excluding housing grants.
HDB said that eligible first-timer families can enjoy up to $80,000 of grants, comprising the Additional CPF Housing Grant (up to $40,000) and the Special CPF Housing Grant (up to $40,000). This means that buyers could pay as little as $4,000 for a 2-room Flexi flat.
Eugene Lim, Key Executive Officer at ERA Realty, noted that the most popular estates are expected to be Choa Chu Kang and Geylang.
“The Choa Chu Kang flats are located beside Bukit Panjang MRT station, and is well-served by amenities such as Hillion Mall and Bukit Panjang Plaza.” With prices starting from $109,000 including grants for a 3-room flat, “the combination of affordability and convenience will be the main draw of the flats”, he said.
Lim noted that some potential applicants may be discouraged from applying for the Geylang flats as the majority are 4-room flats priced relatively higher from $424,000, including grants. “Nonetheless, due to its attractive location (beside Ubi MRT station), it is still expected to be a popular option,” he said.
Meanwhile, applicants can submit their applications online on the HDB website from today till next Monday (12 February).
The next BTO launch in May will see about 3,900 flats in Sengkang, Tampines, Toa Payoh and Yishun offered for sale. A concurrent sale of balance flats exercise will also be held.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email email@example.com