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| Starts | 22 Nov 2016 (Tue) | Ends | 28 Nov 2016 (Mon) |
|---|---|---|---|
| Location | HDB |
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HDB has launched 10,118 flats for sale today under the Nov 2016 Build-To-Order (BTO) and Sale of Balance Flats (SBF or SOBF) exercise.
This is HDB’s largest joint BTO and SBF exercise for the year, comprising 5,110 BTO units and 5,008 SBF units across 25 towns/estates.
This launch brings the total BTO supply in 2016 to 17,891 units. Together with the 10,178 balance flats offered in the May and Nov 2016 SBF exercises, a total of 28,069 flats will be launched in 2016, to meet the housing needs of Singaporeans.
Wide Range of Flats for Different Budgets and Needs
Nov 2016 BTO Exercise
A wide selection of flats, ranging from 2-room Flexi to Three-Generation (3Gen) flats, is available to meet the diverse housing needs of first-timers, second-timers, multi-generation families, elderly and singles. Further details can be found in Annex A1.
The 5,110 BTO flats on offer are spread across nine projects. Three are in the non-mature town of Punggol, while another six are in the mature towns/estates of Bedok, Bidadari (Toa Payoh) and Kallang/Whampoa.
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, the selling prices of 2-room Flexi, 3-room, 4-room and 5-room flats start from $4,0001, $94,000, $203,000 and $319,000 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 (see Table 1 for the BTO prices and the comparable resale prices). The 2-room Flexi flats are also priced taking into account the lease tenure, as shown in Annex A2.
1 In this case, the total grants are $80,000 and the selling price is $80,000. A minimum payment of 5% of the published price, i.e. $4,000, is needed and the excess AHG/SHG will be credited into the buyers’ CPF Special Account (SA) /Retirement Account (RA) and Medisave Account (MA).
Table 1: Nov 2016 BTO Prices
| Town | Project(s) | Flat Type | Transacted Prices of Resale Flats in the Vicinity# | Selling Price (Excluding Grants@) | Selling Price (Including Grants^) |
|---|---|---|---|---|---|
| Non – Mature Town | |||||
| Punggol | 2-room Flexi* | – | From $80,000 | From $4,000+ | |
| 3-room | – | From $164,000 | From $94,000 | ||
| 4-room | $380,000 – $440,000 | From $258,000 | From $203,000 | ||
| 5-room | $408,000 – $488,000 | From $329,000 | From $319,000 | ||
| 3Gen | – | From $348,000 | From $338,000 | ||
| Mature Towns | |||||
| Bedok | 2-room Flexi* | – | From $135,000 | From $95,000 | |
| 3-room | $388,000 – $498,000 | From $276,000 | From $246,000 | ||
| 4-room | $490,000 – $650,888 | From $407,000 | From $392,000 | ||
| 5-room | $635,000 – $748,000 | From $503,000 | From $493,000 | ||
| Toa Payoh | 2-room Flexi* | – | From $181,000 | From $141,000 | |
| 3-room | $400,000 – $432,800 | From $335,000 | From $305,000 | ||
| 4-room | $523,000 – $570,000 | From $468,000 | From $453,000 | ||
| Kallang / Whampoa | 3-room | $420,000 – $488,000 | From $350,000 | From $320,000 | |
| 4-room | $636,000 – $685,000 | From $497,000 | From $482,000 | ||
Note:
1) * 2-room Flexi flats come in two sizes of 36 sqm (Type 1) and 45 sqm (Type 2).
^ Depending on household income, the following are some assumed housing grants based on applicants applying as a family nucleus or two singles under the Joint Singles Scheme for a 2-room Flexi BTO flat (SHG is applicable only to 2-room Flexi, 3-room and 4-room flats in the non-mature towns. With the SHG enhancement announced at National Day Rally (NDR) 2015, eligible first-time flat buyers with income up to $8,500 would now enjoy SHG of up to $40,000) :
- 2-room Flexi flat: $80,000 (comprising AHG of $40,000 and SHG of $40,000 where applicable)
- 3-room flat: $70,000 (comprising AHG of $30,000 and SHG of $40,000 where applicable)
- 4-room flat: $55,000 (comprising AHG of $15,000 and SHG of $40,000 where applicable)
- 5-room flat / 3Gen flat: $10,000 (AHG only)
The actual grant amounts vary based on income and choice of flat type. Read more on various CPF Housing Grants available.
+ Buyers are required to pay 5% of the published price using their own CPF and/or cash savings when the total housing grants (i.e. AHG and SHG) they enjoy exceeds 95% of the published price of flat. Excess housing grant, if any, can be used to pay for Optional Component Scheme items and premiums that singles and Singapore citizen/Singapore permanent resident households have to pay, before crediting the balance into the Singaporean buyers’ CPF accounts.
# Details on the respective comparable resale flats in the vicinity for each BTO project can be found on the HDB e-Sales website. The differences in attributes between the comparable resale flats and the BTO flats should be taken into account when making a comparison.
** Singles who apply for the 2-room Flexi flats under the Single Singapore Citizen Scheme will pay $15,000 more than married couples. Eligible singles can also apply for AHG and SHG. The additional amount payable and the grants will vary based on the choice of lease tenure. The actual grant amounts will vary according to income. Read more on various CPF Housing Grants available.
2) Selling prices (excluding and including grants) quoted above are rounded up to the nearest thousand dollars.
Table Nov 2016 BTO Flat Supply and Pricing Details
| Contract | Flat Type | Estimated Floor Area * (sqm) | Estimated Internal Floor Area ^ (sqm) | No. of Units | Indicative Price Range # |
|---|---|---|---|---|---|
| Non-Mature Town | |||||
| 2-room Flexi + | 38 | 36 | 266 | $80,000 – $108,000 |
| 47 | 45 | 603 | $98,000 – $139,000 | ||
| 3-room | 68 – 69 | 65 – 66 | 174 | $164,000 – $209,000 | |
| 4-room | 93 – 96 | 90 – 93 | 753 | $258,000 – $331,000 | |
| 5-room | 113 – 116 | 110 – 113 | 333 | $329,000 – $412,000 | |
| 3Gen | 123 | 118 | 65 | $348,000 – $409,000 | |
| Mature Towns | |||||
| 2-room Flexi | 38 | 36 | 154 | $135,000 – $187,000 |
| 47 | 45 | 376 | $170,000 – $236,000 | ||
| 3-room | 68 | 65 | 94 | $276,000 – $308,000 | |
| 4-room | 92 – 93 | 90 | 757 | $407,000 – $527,000 | |
| 5-room | 113 | 110 | 274 | $503,000 – $578,000 | |
| 2-room Flexi | 38 | 36 | 32 | $181,000 – $194,000 |
| 47 | 45 | 98 | $218,000 – $246,000 | ||
| 3-room | 67 – 68 | 65 | 301 | $335,000 – $397,000 | |
| 4-room | 92 – 94 | 90 | 587 | $468,000 – $569,000 | |
| 3-room | 69 | 66 | 85 | $350,000 – $411,000 |
| 4-room | 93 | 90 | 158 | $497,000 – $584,000 | |
Note:
* Refers to the estimated area of the whole apartment, comprising the internal floor area and the air- conditioner ledge.
^ Refers to the estimated area of the apartment computed based on the centre line of the apartment wall.
# Actual prices may vary based on the actual attributes of the flats at the time of selection. See Tables A(2)
and A(3) for details on the Optional Component Scheme.
+ Singles who apply for the 2-room Flexi flat under the Single Singapore Citizen Scheme will pay $15,000 more than married couples.
First-timers will continue to enjoy priority in flat allocation2. Married/courting couples who wish to live together with their parent(s) can apply for a 3Gen flat in Waterway Sunrise I. Other multi-generation families who wish to live near each other in the same BTO project can apply for flats in Bedok Beacon, Bedok North Vale, Bedok South Horizon, Kallang Residences, Northshore Trio, Waterway Sunrise I, Woodleigh Glen and Woodleigh Village under the Multi-Generation Priority Scheme3 (MGPS).
Nov 2016 SBF Exercise
In addition to the 5,110 BTO flats, HDB will offer 5,008 balance flats in 11 non-mature towns and 14 mature towns/estates under the Nov 2016 SBF exercise. They comprise 635 units of 2-room Flexi, 1,266 units of 3-room, 2,233 units of 4-room, 837 units of 5-room, 23 units of 3Gen, 13 units of executive flats and one unit of Multi-Generation flat. Majority of the flats offered under the SBF exercise are reserved for first-timer families4. Eligible first-timer singles may also apply for a 2-room Flexi flat in non-mature towns.
SBF flats come in a wide range of flat types, locations and selling prices (see Table 2). About 33% are already completed and the rest are under construction. Similar to BTO flats, SBF flats are also priced with a generous subsidy, and are priced considerably lower than the transacted prices of comparable resale flats in the vicinity. The pricing details and applicable ethnic quotas of the SBF flats offered are in Annex B.
Table 2: Summary of Nov 2016 SBF Prices
| Flat Type | Selling Price (Excluding Grants) | Selling Price (Including Grants)^ |
|---|---|---|
| Non-Mature Towns | ||
| 2-Room Flexi (99-yr/remaining lease)* | From $75,000 | From $4,000+ |
| 3-Room | From $149,000 | From $79,000 |
| 4-Room | From $231,000 | From $176,000 |
| 5-Room | From $307,000 | From $297,000 |
| 3Gen | From $387,000 | From $377,000 |
| Executive | From $465,000 | – |
| Mature Towns | ||
| 2-Room Flexi (99-yr/remaining lease)* | From $137,000 | From $97,000 |
| 3-Room | From $180,000 | From $150,000 |
| 4-Room | From $268,000 | From $253,000 |
| 5-Room | From $369,000 | From $359,000 |
| 3Gen | From $404,000 | From $394,000 |
| Executive | From $525,000 | – |
2 At least 85% (for 4-room and 5-room flats) and 70% (for 3-room flats) of the BTO public flat supply in the non-mature towns are set aside for first-timers. For flats in the mature town/estate of Bedok, Bidadari or Kallang Whampoa, at least 95% (for 3-room and bigger flats) of the public flat supply will be set aside for first-timer families.
3 HDB will set aside up to 15% of the 2-room Flexi and 3-room flats in a BTO project (subject to a minimum of 20 units each) for parents applying under MGPS. The same number of 2-room Flexi and bigger flats will be set aside in the same BTO project for their married children.
4 At least 95% of the supply of balance flats (for 3-room and bigger) will be set aside for first-timers families.
Note:
1) ^ Depending on household income, the following are some assumed housing grants for applicants applying as a family nucleus (SHG is also applicable only to 2-room Flexi, 3-room and 4-room flats in the non-mature towns. With SHG enhancement announced at NDR 2015, eligible first-time flat buyers with income up to $8,500 would now enjoy SHG of up to $40,000):
- 2-room Flexi flat: $80,000 (comprising AHG of $40,000, and SHG of $40,000 where applicable)
- 3-room flat: $70,000 (comprising AHG of $30,000, and SHG of $40,000 where applicable)
- 4-room flat: $55,000 (comprising AHG of $15,000, and SHG of $40,000 where applicable)
- 5-room flat / 3Gen flat: $10,000 (AHG only)
The actual grant amounts vary based on income and choice of flat type. Read more on various CPF Housing Grants available.
* The starting prices of flats offered under 2-room Flexi scheme are based on 99-year/remaining lease. Buyers can refer to the prices of individual flats on short lease in the HDB InfoWEB.
+ Buyers are required to pay 5% of the published price using their own CPF and/or cash savings when the total housing grants (i.e. AHG and SHG) they enjoy exceeds 95% of the published price of flat. Excess housing grant, if any, can be used to pay for OCS items and premiums that singles and Singapore citizen/Singapore permanent resident households have to pay, before crediting into the Singaporean buyer’s CPF accounts.
2) Selling prices (excluding and including grants) quoted above are rounded up to the nearest thousand dollars.
3) To check the lease commencement date of each block, please refer to esales.hdb.gov.sg.
Table Nov 2016 SBF Prices
| Project | Flat Type | Selling Price (excluding Grants) | Selling Price (inclusive of Grants) |
|---|---|---|---|
| Non-Mature Towns | |||
| Bukit Batok | 2-room Flexi^ | From $109,000 | From $29,000 |
| 3-room | From $168,000 | From $98,000 | |
| 4-room | From $264,000 | From $209,000 | |
| 5-room | From $355,000 | From $345,000 | |
| 3Gen | From $431,000 | From $421,000 | |
| Bukit Panjang | 2-room Flexi^ (1 unit) | $118,000 | $38,000 |
| 3-room | From $187,000 | From $117,000 | |
| 4-room | From $236,000 | From $181,000 | |
| 5-room | From $324,000 | From $314,000 | |
| Choa Chu Kang | 2-room Flexi^ | From $117,000 | From $37,000 |
| 3-room | From $170,000 | From $100,000 | |
| 4-room | From $238,000 | From $183,000 | |
| 5-room | From $324,000 | From $314,000 | |
| Executive | From $465,000 | – | |
| Hougang | 2-room Flexi^ | From $105,000 | From $25,000 |
| 3-room | From $171,000 | From $101,000 | |
| 4-room | From $273,000 | From $218,000 | |
| 5-room | From $362,000 | From $352,000 | |
| 3Gen | From $413,000 | From $403,000 | |
| Jurong East | 2-room Flexi^ (1 unit) | $143,000 | $63,000 |
| 3-room | From $179,000 | From $109,000 | |
| 4-room | From $308,000 | From $253,000 | |
| Executive (1 unit) | $695,000 | – | |
| Jurong West | 2-room Flexi^ (1 unit) | $120,000 | $40,000 |
| 3-room | From $166,000 | From $96,000 | |
| 4-room | From $256,000 | From $201,000 | |
| 5-room | From $323,000 | From $313,000 | |
| 3Gen | From $393,000 | From $383,000 | |
| Punggol | 2-room Flexi^ | From $95,000 | From $15,000 |
| 3-room | From $182,000 | From $112,000 | |
| 4-room | From $273,000 | From $218,000 | |
| 5-room | From $350,000 | From $340,000 | |
| Sembawang | 2-room Flexi^ | From $75,000 | From $4,000* |
| 3-room | From $149,000 | From $79,000 | |
| 4-room | From $231,000 | From $176,000 | |
| 5-room | From $315,000 | From $305,000 | |
| Sengkang | 2-room Flexi^ | From $95,000 | From $15,000 |
| 3-room | From $181,000 | From $111,000 | |
| 4-room | From $270,000 | From $215,000 | |
| 5-room | From $326,000 | From $316,000 | |
| 3Gen | From $413,000 | From $403,000 | |
| Executive | From $555,000 | – | |
| Woodlands | 2-room Flexi^ | From $101,000 | From $21,000 |
| 3-room | From $154,000 | From $84,000 | |
| 4-room | From $247,000 | From $192,000 | |
| 5-room | From $307,000 | From $297,000 | |
| Executive | From $575,000 | – | |
| Yishun | 2-room Flexi^ | From $94,000 | From $14,000 |
| 3-room | From $165,000 | From $95,000 | |
| 4-room | From $257,000 | From $202,000 | |
| 5-room | From $320,000 | From $310,000 | |
| 3Gen | From $387,000 | From $377,000 | |
| Executive (1 unit) | $531,000 | – | |
| Mature Towns/Estates | |||
| Ang Mo Kio | 2-room Flexi^ (1 unit) | $171,000 | $131,000 |
| 3-room | From $213,000 | From $183,000 | |
| 4-room | From $358,000 | From $343,000 | |
| 5-room | From $578,000 | From $568,000 | |
| Bedok | 2-room Flexi^ | From $182,000 | From $142,000 |
| 3-room | From $199,000 | From $169,000 | |
| 4-room | From $311,000 | From $296,000 | |
| 5-room | From $478,000 | From $468,000 | |
| Bishan | 4-room (1 unit) | $396,000 | $381,000 |
| Bukit Merah | 2-room Flexi^ | From $228,000 | From $188,000 |
| 3-room | From $259,000 | From $229,000 | |
| 4-room | From $351,000 | From $336,000 | |
| 5-room | From $553,000 | From $543,000 | |
| Central | 2-room Flexi^ (1 unit) | $218,000 | $178,000 |
| Clementi | 2-room Flexi^ | From $221,000 | From $181,000 |
| 3-room | From $218,000 | From $188,000 | |
| 4-room | From $447,000 | From $432,000 | |
| 5-room | From $654,000 | From $644,000 | |
| Geylang | 2-room Flexi^ | From $171,000 | From $131,000 |
| 3-room | From $182,000 | From $152,000 | |
| 4-room | From $423,000 | From $408,000 | |
| 5-room (1 unit) | $510,000 | $500,000 | |
| Kallang/Whampoa | 3-room | From $249,000 | From $219,000 |
| 4-room | From $404,000 | From $389,000 | |
| 5-room | From $595,000 | From $585,000 | |
| Pasir Ris | 2-room Flexi^ | From $141,000 | From $101,000 |
| 3-room | From $214,000 | From $184,000 | |
| 4-room | From $311,000 | From $296,000 | |
| 5-room | From $378,000 | From $368,000 | |
| Executive (1 unit) | $525,000 | – | |
| Queenstown | 2-room Flexi^ | From $233,000 | From $193,000 |
| 3-room | From $304,000 | From $274,000 | |
| 4-room | From $483,000 | From $468,000 | |
| 5-room | From $691,000 | From $681,000 | |
| Executive (1 unit) | $798,000 | – | |
| Serangoon | 2-room Flexi^ (1 unit) | $156,000 | $116,000 |
| 5-room | From $383,000 | From $373,000 | |
| Executive (1 unit) | $532,000 | – | |
| Tampines | 2-room Flexi^ | From $137,000 | From $97,000 |
| 3-room | From $180,000 | From $150,000 | |
| 4-room | From $268,000 | From $253,000 | |
| 5-room | From $369,000 | From $359,000 | |
| 3Gen | From $404,000 | From $394,000 | |
| Executive# | From $535,000 | – | |
| Toa Payoh | 3-room | From $209,000 | From $179,000 |
| 4-room | From $386,000 | From $371,000 | |
Note:
· The assumed housing grants are meant for applicants applying as a family nucleus. SHG is also applicable only to 2-room Flexi, 3-room and 4-room flats in the non-mature towns:
2-room flat: $80,000 (comprising AHG of $40,000 and SHG of $40,000 where applicable)
3-room flat: $70,000 (comprising AHG of $30,000 and SHG of $40,000 where applicable)
4-room flat: $55,000 (comprising AHG of $15,000 and SHG of $40,000 where applicable)
5-room flat / 3Gen flat: $10,000 (AHG only)
· Actual Grant amount will vary based on income and choice of flat.
· ^ The starting prices of flats offered under 2-room Flexi scheme are based on 99-year/remaining lease. Buyers can refer to the prices of individual flats on short lease in the HDB InfoWEB.
· * Buyers are required to pay 5% of the published price using their own CPF and/or cash savings when the total housing grants (i.e. Additional CPF Housing Grant and Special CPF Housing Grant) they can enjoy exceeds 95% of the published price of flat. Excess housing grant, if any, can be used to pay for OCS items and premiums that singles and Singapore citizen/Singapore permanent resident households have to pay, before crediting into the Singaporean buyer’s CPF accounts.
· # Includes one unit of Multi-generation flat.
· Please refer to esales.hdb.gov.sg to check the lease commencement date of each block.
Application for Nov 2016 BTO and SBF Exercise
Application for new flats launched in the Nov 2016 BTO and SBF exercise can be submitted online on the HDB InfoWEB from today, 22 Nov 2016 (Tuesday) to 28 Nov 2016 (Monday). Applicants can apply for only one flat type/category in one town under either the BTO or SBF exercise.
Applicants who wish to take up an HDB housing loan for their flat purchase need to produce a valid HDB Loan Eligibility (HLE) Letter when they book a flat. They are encouraged to apply for an HLE Letter early so that they can plan their flat purchase in advance. The HLE Letter will indicate the maximum loan that can be offered based on individuals’ financial situation. Applicants can check their loan eligibility and apply for an HLE letter at www.hdb.gov.sg/hleapply.
Advice for Flat Buyers
Applicants are encouraged to apply for a BTO flat in non-mature towns to enjoy a higher chance of success in securing a flat and more grants, including the SHG. Although SBF flats have a shorter waiting time to completion, the number of units in each town is small, and is likely to attract high application rates.
All the information on the BTO and SBF flats on offer is available on the HDB InfoWEB. The number of applications submitted for the various flat types/towns will also be updated regularly on the HDB InfoWEB. Applicants are encouraged to check for updates before submitting their application.
For their own convenience, HDB advises interested flat buyers to view the details of the flats online via the HDB InfoWEB. There is no need to make a trip down to HDB Hub.
Flat applications are not processed on a first-come, first-served basis. HDB will shortlist applicants using a computer ballot. Flat applicants have 7 days to consider and may submit their online application at any time before the closing date. They need not rush to put in their applications. More details on the application procedures can be found in Annex C.
For enquiries, the public can:
- Log on to esales.hdb.gov.sg; or
- E-mail hdbsales[at]mailbox.hdb.gov.sg; or
- Visit the HDB Sales Office to speak with the Customer Relations Executives during office hours (Monday to Friday 8 am to 5 pm, Saturday 8 am to 1 pm).
Next BTO Launch in Feb 2017
In February 2017, HDB will offer about 4,100 flats in Clementi, Punggol, Tampines and Woodlands.
More information on the flats to be offered under the February 2017 BTO exercise is available on the HDB InfoWEB.
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