The HDB has launched 6,992 flats for sale under the May 2018 Build-To-Order (BTO) and Sale-of-Balance Flats (SBF) exercise. The May 22 launch comprises 3,970 BTO units and 3,022 SBF units across various towns and estates.
(Pictures: HDB)
The 3,970 BTO flats are spread across four projects, and will comprise unit types ranging from two-room flexi to three-generation flats. Two of the projects are in the non-mature towns of Sengkang and Yishun, while the other two are in the mature towns of Toa Payoh and Tampines. Eligible first-time families can enjoy housing grants of up to $80,000, comprising an additional CPF housing grant and a special CPF housing grant. Buyers of 2-room Flexi, 3-room, 4-room and 5-room flats could pay as little as $4,000, $112,000, $196,000 and $330,000 respectively, says HDB.
In addition, 3,022 balance flats are offered for sale under the May SBF exercise. They comprise 754 units of 2-room flexi, 655 units of 3-room, 1,143 units of 4-room, 305 units of 5-room, 157 units of three-generation, and 8 units of executive flats across various towns/estates. The majority of flats are reserved for first-time families. About 34% of the flats are already completed while the rest are under construction.
Applications for new flats in the May exercise can be submitted online from May 22 to 28. The next BTO launch will be in August, and HDB will offer about 4,300 flats for sale in Punggol and Yishun.