Six BTO projects with 4,627 flats launched

Six BTO projects with 4,627 flats launched

Six Build-To-Order (BTO) projects, which will offer some 4,627 new flats were launched by the Housing and Development Board (HDB) yesterday.

The units, which range from studio apartments to five-room flats, will be offered in three non-mature towns (Choa Chu Kang, Punggol, and Sengkang), and one mature town (Kallang/Whampoa).

To ensure first-timers continue to enjoy priority in flat allocation, at least 95 per cent and 85 per cent of the supply (excluding studio apartments) in mature towns and non-mature towns respectively will be set aside for them, HDB said. 

In addition, additional balloting chances in the ballot for the BTO projects at Compassvale Boardwalk in Sengkang, Keat Hong Pride in Choa Chu Kang, Punggol Edge and Waterway SunDew (fronting My Waterway@Punggol in Punggol Town) will be accorded to first-time applicants who have been unsuccessful for two or more BTOs in non-mature towns/estates. 

Such additional chances will not be accorded to repeatedly unsuccessful first-time applicants who apply under the Sale of Balance Flats (SBF) Exercise or BTO project in mature estates. 

Punggol Edge, which is bounded by Edgedale Plains and Tampines Expressway, will offer a mix of homeownership flats comprising five blocks with 688 units and one block of 446 rental flats. HDB said there will be more of such developments.
Prices for a three-room flat at Punggol Edge and Waterway SunDew, which are designed with eco-friendly features, start from $163,000 while prices for a five-room unit starts from $326,000. 

Units in Keat Hong Pride start from $138,000 for a three-room flat and start from $284,000 for a five-room unit.
For a studio apartment at Bendemeer Light and McNair Towers, prices start from $124,000. A four-room unit in this mature town starts at $467,000. 

This is the third BTO launch this year, and is part of HDB's plans to offer 25,000 BTO flats for 2012. In July, HDB will be offering about 3,900 new flats for sale in Bedok, Bukit Merah, Clementi, Geylang and Punggol.
Source: Business Times – 31 May 2012