HDB Launches 7 BTO Projects Offering 3,600 Flats 14 – 20 Jul 2011

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Starts14 Jul 2011 (Thu)Ends20 Jul 2011 (Wed)
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HDB launched today 7 BTO projects (PDF 4713KB) offering 3,600 new flats. HDB has combined the BTO launches originally planned for June and July in today’s launch. This will give HDB flat buyers more housing options in a single launch.

These 3,600 new flats are located across various towns, including Sengkang, Tampines, Jurong West, Bukit Panjang and Yishun (PDF 5769KB) (details of the flats offered are in Annex A (PDF 3975KB)

First-time buyers will receive priority for application. At least 95% of the flat supply (excluding Studio Apartments) will be set aside for First-Timer households.

Lower income applicants can also enjoy various housing grants including the Additional CPF Housing Grant and the Special CPF Housing Grant to reduce the cost of owning a new BTO flat (details of the grants and eligibility are in Annex B (PDF 34KB)). The indicative prices are shown in Table 1.

Table 1: Indicative July 2011 BTO Prices Inclusive of Grants

Flat-TypeNo. of UnitsIndicative Selling Price (excluding Grants)Estimated Price Inclusive of Grants
Studio Apartments381From $83,000
3-room459From $137,000From $102,000
4-room1,674From $217,000From $202,000
5-room1,042From $274,000From $264,000
Note:
§ 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.

With today’s launch, HDB has released about 15,500 BTO flats in the first seven months of 2011. HDB is on track to deliver 25,000 BTO flats for the whole of 2011. Applications and Enquiries for Jul 2011 BTO Launch

Applications for the new flats launched today can be submitted online from 14 Jul 2011 (Thursday) to 20 Jul 2011 (Wednesday).

More details of the application procedures and BTO Exhibition can be found in Annex B.

Source: HDB. View more details here.

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