Thursday, November 22, 2012

Check out why 2012 will witness the largest BTO supply

A whopping 6,463 new flats made their debut.

According to a release, HDB launched seven Build-To-Order (BTO) projects today, offering 6,463 new flats in two non-mature towns (Choa Chu Kang and Sengkang) and three mature towns (Bedok, Queenstown and Toa Payoh).

With this launch, the total BTO flat supply in 2012 will reach 27,084 units. This will be the largest BTO supply in a year since the BTO system was introduced in 2002. Together with another 7,153 balance flats offered earlier in the Mar and Sep 2012 Sale of Balance Flats (SBF) exercises, HDB has launched a total of 34,237 new flats in 2012.

First-timers will continue to enjoy priority flat allocation with at least 95% and 85% of the BTO flat supply (excluding Studio Apartments) set aside for them in mature towns and non-mature towns respectively.

The Multi-Generation Priority Scheme (MGPS) will be available to those applying for flats at Fengshan GreenVille, Ghim Moh Edge and Toa Payoh Crest. Elderly flat owners in Bedok, Queenstown and Toa Payoh will also enjoy doubled balloting chances under the Ageing-In-Place Priority Scheme (APPS) when they apply for a Studio Apartment in Fengshan GreenVille, Ghim Moh Edge and Toa Payoh Crest.

Eligible first-timer households can also enjoy up to $60,000 of housing grants comprising Additional CPF Housing Grant ($40,000) and Special CPF Housing Grant ($20,000). Inclusive of these grants, 3-room flats will be priced from as low as $111,000 and 4-room flats from $228,000. This will help young couples buy their first home.

Applications for new flats launched can be submitted online from today, 21 Nov 2012 (Wednesday) to 27 Nov 2012 (Tuesday).

Regular updates on the number of applications submitted for the various flat types/estates will be available on the HDB InfoWEB. Applicants are advised to check for updates before submitting their application.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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