Singapore’s HDB launches 8,748 flats in May 2017 BTO and SBF Exercise

Singapore’s The Housing and Development Board (HDB) launched 8,748 flats for sale under the May 2017 Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. They comprise 4,802 BTO units and 3,946 SBF units across 25 towns/ estates.

This second BTO launch for 2017 brings the total number of BTO flats offered this year to 8,858 units. Together with the 3,946 balance flats on offer, HDB has launched a total of 12,804 flats for sale in the first half of 2017 to meet the housing needs of Singaporeans.

A wide selection of flats, ranging from 2-room Flexi to Three-Generation (3Gen) flats, is offered to meet the diverse housing needs of first-timers, second-timers, multi-generation families, elderly and singles.

The 4,802 BTO flats on offer are spread across six projects. Three are in the non-mature towns of Woodlands and Yishun, while another three are in the mature towns/ estates of Bidadari (Toa Payoh) and Geylang.

Eligible first-timer families can enjoy up to $80,000 of housing grants, comprising the Additional CPF Housing Grant (AHG) (up to $40,000) and the Special CPF Housing Grant (SHG) (up to $40,000).  With these grants, buyers of 2-room Flexi, 3-room, 4-room and 5-room flats could pay as little as $4,000, $70,000, $176,000, and $307,000 respectively.

New HDB flats are priced with a generous subsidy, taking into account factors such as location, flat attributes and prevailing market conditions. HDB’s prices are considerably lower than transacted prices of comparable resale flats in the vicinity .

 

Project(s) Flat Type Transacted Prices of
Resale Flats in the
Vicinity#
Selling Price
(Excluding Grants@)
Selling Price
(Including Grants^)
Non – Mature Towns
Woodlands
Marsiling Grove
Woodlands Spring
Marsiling Grove
Woodlands Spring
2-room Flexi* From $73,000 From $4,000+
3-room $280,000 – $303,000 From $145,000 From $70,000
4-room $312,000 – $440,000 From $236,000 From $176,000
5-room $430,000 – $452,000 From $312,000 From $307,000
3Gen From $320,000 From $315,000
Yishun Forest Spring @ Yishun 2-room Flexi* From $77,000 From $4,000+
3-room From $157,000 From $82,000
4-room $295,000 – $330,000 From $251,000 From $191,000
5-room $435,000 – $470,888 From $331,000 From $326,000
Mature Towns
Toa Payoh Woodleigh Hillside 2-room Flexi* From $169,000 From $129,000
3-room $340,000 – $448,000 From $328,000 From $308,000
4-room $515,000 – $590,000 From $475,000 From $470,000
5-room $508,000 – $800,000 From $579,000 From $579,000
3Gen From $622,000 From $622,000
Geylang Dakota Breeze
Pine Vista
2-room Flexi* From $179,000 From $139,000
3-room $395,000 – $450,000 From $349,000 From $329,000
4-room $695,000 – $738,000 From $489,000 From $484,000

Source: HDB

 

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