HDB is offering homebuyers close to 4,000 new flats in six BTO projects today – Costa Ris and Golden Lily (JPG 223KB) in Pasir Ris, Punggol Parcvista, Tampines GreenLeaf, Tampines GreenWood (JPG 193KB), and Woodlands Peak (JPG 172KB).
COSTA RIS
Punggol Parc Vista
This is the largest supply of BTO flats in a single launch, surpassing the 3,185 BTO flats offered last month. At least 95% of the public flat supply will be set aside for first-time buyers. More details of the flats offered are in.
PART I: A WIDE RANGE OF FLATS FOR ALL BUDGETS
Today’s launch offers flats in various locations and sizes to meet the different needs of home-seekers – low-income families, those aspiring for something better, and the elderly.
First-time buyers can take advantage of various housing grants to reduce the cost of owning a new BTO flat. For instance, households earning up to $5,000 per month can apply for the Additional CPF Housing Grant (AHG) worth up to $40,000, which can be used to offset the initial downpayment.
Over and above the AHG, first-timer families earning between $1,501 and $2,250 monthly can also apply for the Special CPF Housing Grant (SHG) if they choose to buy a 3-room standard flat in Punggol Parcvista and Woodlands Peak.
Table 1: Indicative May BTO Prices Inclusive of Grants
|
Flat Type
|
No. of Units
|
Indicative Selling Price (excluding Grants)
|
Estimated Price Inclusive of Grants
|
|
Studio Apartment
|
456
|
From $76,000
|
–
|
|
2-room
|
353
|
From $120,000
|
From $80,000
|
|
3-room
|
809
|
From $166,000
|
From $131,000
|
|
4-room
|
1,630
|
From $264,000
|
From $249,000
|
|
5-room
|
709
|
From $335,000
|
From $325,000
|
Note:
- For 2-room flats, assumed AHG of $40,000. SHG not applicable for flats located in mature estates
- For 3-room flats, assumed AHG of $30,000 and SHG of $5,000
- For 4-room flats, assumed AHG of $15,000
- For 5-room flats, assumed AHG of $10,000
- Actual Grant amounts will vary based on income and choice of flat. Please check the HDB website for more information about the available Grants for new flats.
PART II: FURTHER INCREASE IN FLAT SUPPLY FROM 22,000 TO 25,000 FOR 2011
With today’s launch, HDB has released about 12,000 BTO flats in the first five months of 2011. This is more than half of our earlier target of launching 22,000 flats for 2011. In view of strong demand, HDB is ramping up its flat supply by a further 3,000 flats for 2011:
a) This increases the full year’s BTO supply for 2011 by about 15%, i.e. from 22,000 to 25,000 units. This is more than the number of units in Clementi town today.
b) HDB had announced earlier that 22,000 new BTO flats will be launched this year. All of these will now be launched by Sep 2011 instead of by the year-end.
The BTO supply will be supplemented by housing units offered under the Design, Build and Sell Scheme (DBSS) and the Executive Condominium (EC) Housing Scheme. For 2011, land sites for 4,000 DBSS flats and 4,000 EC units are scheduled for sale.
Applications and Enquiries for May 2011 BTO Launch
Applications for the new flats can be submitted online from 27 May 2011 (Friday) to 2 June 2011 (Thursday).
Results of applications will be annouced in mid June 2011.
Press released: http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/E63941B333C28A504825789D00268DC3?OpenDocument
