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| Starts | 22 May 2019 (Wed) | Ends | 28 May 2019 (Tue) |
|---|---|---|---|
| Location | HDB |
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HDB launches 6,753 flats for sale today under the May 2019 Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. This includes 3,485 BTO units and 3,268 SBF units across various towns/estates.
Wide Range of Flats for Different Budgets and Needs
May 2019 BTO Exercise
The 3,485 BTO flats on offer are spread across four projects. Three projects are in the non-mature towns of Tengah and Woodlands, while another project is in the mature town of Kallang Whampoa.
A wide selection of flats, ranging from 2-room Flexi to 5-room flats, is offered to meet the diverse housing needs of first-timer and second-timer families, elderly and singles. In view of the eldercare services and facilities in its vicinity, the 2-room Flexi flats at Kempas Residences are offered only to seniors (aged 55 and above) on short leases of between 15 and 45 years (in 5-year increments). Further details can be found in Annex A1.
Flats Priced with Generous Subsidy
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. In addition, 2-room Flexi flats are priced taking into account the lease chosen, as shown in Annex A2.
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, flat buyers could pay as little as $6,000 for a 2-room Flexi flat, $90,000 for a 3-room flat, $184,000 for a 4-room flat, and $331,000 for a 5-room flat (see Table 1 for the BTO prices and the comparable resale prices).
Table 1: May 2019 BTO Prices
| Town | Contract | Flat Type | Transacted Prices of Resale Flats in the Vicinity # | Selling Price (Excluding Grants **) | Selling Price (Including Grants ^) |
|---|---|---|---|---|---|
| Non-Mature Towns | |||||
| Woodlands | Champions Green | 2-room Flexi* | – | From $86,000 | From $6,000 |
| 3-room | $280,000 – $318,000 | From $165,000 | From $90,000 | ||
| 4-room | $360,000 – $400,888 | From $244,000 | From $184,000 | ||
| 5-room | $470,000 – $495,000 | From $336,000 | From $331,000 | ||
| Tengah | Plantation Acres ~ | 2-room Flexi* | – | From $106,000 | From $26,000 |
| 3-room | – | From $192,000 | From $117,000 | ||
| Garden Vale @ Tengah ~ | 4-room | $340,000 – $448,000 | From $309,000 | From $249,000 | |
| 5-room | $455,000 – $570,000 | From $415,000 | From $410,000 | ||
| Mature Town | |||||
| Kallang / Whampoa | Kempas Residences | 2-room Flexi*^^ (40-year Lease) | – | From $117,000 | From $95,000 |
| 3-room | – | From $387,000 | From $367,000 | ||
| 4-room | $680,000 – $717,500 | From $562,000 | From $557,000 | ||
Note:
1) * 2-room Flexi flats come in two sizes – 36/38 sqm (Type 1) and 45 sqm (Type 2).
^ The assumed housing grants are for applicants applying as a family nucleus or two singles under the Joint Singles Scheme for a 2-room Flexi flat. Eligible first-time flat buyers can apply for housing grants of up to $80,000, comprising AHG of $40,000 and SHG of $40,000. SHG is applicable only to 2-room Flexi, 3-room and 4-room flats in the non-mature towns. For illustration purposes, the assumed total grants adopted for the projects in the above table are as follows:
i) 2-room Flexi flat: $80,000 in non-mature towns and $40,000 in mature towns
ii) 3-room flat: $75,000 in non-mature towns and $20,000 in mature towns
iii) 4-room flat: $60,000 in non-mature towns and $5,000 in mature towns
iv) 5-room flat: $5,000 in non-mature towns
The starting prices and assumed grant amounts are illustrative. The actual grant amount received will depend on buyers’ income, choice of flat type/ estate and eligibility for housing grants. Read more on various CPF Housing Grants available.
~ Prices include the costs of floor finishes, internal doors and sanitary fittings.
# Details on the 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 a 2-room Flexi flat under the Single Singapore Citizen (SSC) 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-room Flexi flats at Kempas Residences are offered only to seniors (aged 55 and above) on short leases of between 15 and 45 years, in five-year increments.
2) Selling prices (excluding and including grants) quoted above are rounded up to the nearest thousand dollars.
First-timer families will continue to enjoy priority in flat allocation1. Applicants who wish to live close to their parents or married children in the same BTO project can submit a joint application under the Multi-Generation Priority Scheme (MGPS)2.
Shorter Balloting Time for BTO flats
HDB has been making steady progress in reducing the balloting time for BTO flats. With effect from this sales exercise, the balloting time for BTO flats will be reduced from 6 weeks to 3 weeks.
Enhanced Step-Up CPF Housing Grant
Currently, lower-income families living in subsidised 2-room flats in the non-mature towns may enjoy a Step-UP CPF Housing Grants of $15,000 when they apply for 3-room new flat in the non-mature towns.
With effect from this sales exercise, Second-timer (ST) families who live in public rental flats may also enjoy the Step-UP CPF Housing Grants when they apply for a 2-room Flexi or 3-room flat in non-mature estates.
10 Besides the option of buying a new flat to enjoy the Step-Up CPF Housing Grant. these ST families can also choose to buy a 2-room3 or 3-room resale flat in the non-mature towns to enjoy the Step-Up CPF Housing Grant. See Annex C for the details.
May 2019 SBF Exercise
In addition to the BTO flats, HDB will offer 3,268 balance flats under the SBF exercise. They comprise 535 units of 2-room Flexi, 432 units of 3-room, 1,384 units of 4-room, 799 units of 5-room, 111 units of 3Gen and 7 units of executive flats across various towns/estates. The 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). Similar to BTO flats, SBF flats are subsidised and priced considerably lower than 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 May 2019 SBF Prices
| Flat Type | <Selling Price (Excluding Grants) | Selling Price (Including Grants)^ |
|---|---|---|
| Non-Mature Towns | ||
| 2-Room Flexi (99-year remaining lease)* | From $83,000 | From $5,000 + |
| 3-Room | From $144,000 | From $69,000 |
| 4-Room | From $226,000 | From $166,000 |
| 5-Room | From $482,000 | From $243,000 |
| 3Gen | From $356,000 | From $351,000 |
| Executive | From $475,000 | From $475,000 |
| Mature Towns / Estates | ||
| 2-Room Flexi (99-year/ remaining lease)* | From $183,000 | From $98,000 |
| 3-Room | From $123,000 | From $103,000 |
| 4-Room | From $265,000 | From $260,000 |
| 5-Room | From $357,000 | From $357,000 |
| 3Gen | From $439,000 | From $439,000 |
| Executive | From $515,000 | From $515,000 |
Note:
1) ^ The assumed housing grants are for applicants applying as a family nucleus or two singles under the Joint Singles Scheme for a 2-room Flexi flat. Eligible first-timer flat buyers can apply for housing grants of up to $80,000, comprising AHG of $40,000 and SHG of $40,000. SHG is applicable only to 2-room Flexi, 3-room and 4-room flats in the non-mature towns. For illustration purposes, the assumed total grants adopted for the above table are as follows:
i) 2-room Flexi flat: $80,000 in non-mature towns and $40,000 in mature towns
ii) 3-room flat: $75,000 in non-mature Towns and $20,000 in mature Towns
iii) 4-room flat: $60,000 in non-mature towns and $5,000 in mature towns
iv) 5-room flat / 3Gen flat: $5,000 in non-mature towns
The starting prices and assumed grant amounts are illustrative. The actual grant amount received will depend on buyers’ income, choice of flat type/ estate and eligibility for housing grants. 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 can enjoy exceeds 95% of the published price of the flat. Excess housing grants, 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 the balance into the Singaporean buyers’ 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.
Application for May 2019 BTO and SBF Exercise
Application for new flats launched in the May 2019 BTO and SBF exercise can be submitted online on the HDB InfoWEB from today, 22 May 2019 (Wednesday) to 28 May 2019 (Tuesday). 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 HLE Loan Eligibility (HLE) Letter when they book a flat, except for young couples who are eligible for deferment of income assessment. All applicants 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 housing grants, including the SHG. Although SBF flats have a shorter waiting time to completion, the number of units offered in each town is usually small, and are likely to attract high application rates.
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 under BTO and SBF 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 would like to advise interested flat buyers to view the details of the flats online via the HDB InfoWEB. There is no need for them 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@mailbox.hdb.gov.sg; or
- Visit the HDB Sales Office to speak with Customer Relations Executives during office hours (Monday to Friday 8 am to 5 pm, Saturday 8 am to 1 pm).
Upcoming BTO Launch in August and November 2019
To facilitate home buyers in planning ahead for their new flat purchase, HDB will announce upcoming BTO projects six months in advance from May 2019 onwards.
In August 2019, HDB will offer about 3,300 flats in Punggol and Tampines. Come November 2019, HDB will offer about 4,500 flats in Ang Mo Kio, Tampines and Tengah. Of these, the flats in two Tengah projects will have a shorter waiting time of about 2 to 3 years instead of the typical 3 to 4 years. More information on the BTO flats is available on the HDB InfoWEB.
A concurrent Re-Offer of Balance Flats (ROF) and SBF exercises will be held in August and November 2019 respectively. In addition, in June 2019, flat buyers will have an option to book unselected ROF flats from an open pool at any time of the year. More details will be announced at a later date.
[1] 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-timer families. For flats in the mature town of Kallang Whampoa, at least 95% (for 3-room and bigger flats) of the public flat supply will be set aside for first-timer families.
[2] Up to 15% of the 2-room Flexi and 3-room flats in a BTO project (subject to a minimum of 20 units each) are set aside for parents applying under MGPS. The same number of 2-room Flexi and bigger flats are set aside in the same BTO project for their married children.
[3] Applicable only to ST families living in public rental flats.
[4] At least 95% of the supply of balance flats (for 3-room and bigger) are set aside for first-timer families.
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