HDB launches 3,739 flats for sale in February

There is good news for Singaporeans who want to purchase flats as the Housing and Development Board (HDB) launched 3,739 flats for sale today in the first Build-to-Order (BTO) and Re-Offer of Balance Flats (ROF) exercise of 2019. This includes 3,162 BTO units and 577 ROF units across various towns/estates.

“This is the first tranche of 15,000 BTO flats to be launched in 2019. 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-timer families, multi-generation families, elderly and singles,” said HDB in the press release.

HDB  Boon Lay Glade comprises 6 residential blocks ranging from 15 to 17 storeys. The site used to house the Jurong Fire Station. The 7-storey training tower of the old fire station will be conserved to honour its unique heritage. Sections of the tower will be converted to house a heritage display and wall-climbing activities. Photo courtesy: Facebook page of HDB
HDB Boon Lay Glade comprises 6 residential blocks ranging from 15 to 17 storeys. The site used to house the Jurong Fire Station. The 7-storey training tower of the old fire station will be conserved to honour its unique heritage. Sections of the tower will be converted to house a heritage display and wall-climbing activities. Photo courtesy: Facebook page of HDB

The 3,162 BTO flats on offer are spread across five projects.  Three projects are in the non-mature towns of Jurong West and Sengkang, while another two are in the mature town of Kallang Whampoa. 

The five projects are Boon Lay Glade, Jurong West Jewel, Fernvale Vines, Kallang Breeze and Towner Crest.

The prices of the flats range from SGD95,000 for a 2-room Flexi in the Boon Lay area to about SGD523,000 for a 4-room in Kallang Whampoa.

Jurong West Jewel comprises 4 residential blocks ranging from 12 to 18 storeys. There are 599 units of 2-room Flexi, 3-, 4-, and 5-room flats. The development is named 'Jurong West Jewel', which will be aptly illustrated by the jewel-inspired design of the building façade. Photo courtesy: Facebook page of HDB
Jurong West Jewel comprises 4 residential blocks ranging from 12 to 18 storeys. There are 599 units of 2-room Flexi, 3-, 4-, and 5-room flats. The development is named 'Jurong West Jewel', which will be aptly illustrated by the jewel-inspired design of the building façade. Photo courtesy: Facebook page of HDB

New HDB flats are priced with a generous subsidy, taking into account factors such as location, flat attributes and prevailing market conditions. 

“Eligible first-timer families can enjoy up to SGD80,000 of housing grants, comprising the Additional CPF Housing Grant (AHG) (up to SGD40,000) and the Special CPF Housing Grant (SHG) (up to SGD40,000),” said HDB. 

“With these grants, flat buyers could pay as little as SGD15,000 for a 2-room Flexi flat, SGD110,000 for a 3-room flat, SGD197,000 for a 4-room flat, and SGD333,000 for a 5-room flat,” it added.

Fernvale Vines will be located along Fernvale Street and Fernvale Road, and will house 933 units of 2-room Flexi, 3-, 4-, 5-room, and 3Gen flats, located across 6 residential blocks ranging from 17 to 24 storeys in height. The name 'Fernvale Vines' symbolises the growth and vibrancy of Sengkang town. Photo courtesy: Facebook page of HDB
Fernvale Vines will be located along Fernvale Street and Fernvale Road, and will house 933 units of 2-room Flexi, 3-, 4-, 5-room, and 3Gen flats, located across 6 residential blocks ranging from 17 to 24 storeys in height. The name 'Fernvale Vines' symbolises the growth and vibrancy of Sengkang town. Photo courtesy: Facebook page of HDB

Priority will be given to the first-timer families in flat allocation. Married/courting couples who wish to live together with their parents can apply for a 3Gen flat in Jurong West or Sengkang. 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).

 In addition to the BTO flats, HDB will also offer 577 unselected flats from the May 2018 Sale of Balance Flats (SBF) exercise. They comprise 173 units of 2-room Flexi, 166 units of 3-room, 129 units of 4-room, 10 units of 5-room, 96 units of 3Gen and 3 units of executive flats across various towns/estates.

 Kallang Breeze comprises 2 residential blocks that are 23 storeys high, and offers 411 units of 3- and 4-room flats. Located near the Kallang River, 'Kallang Breeze' residents will enjoy a cool and comfortable living environment. Photo courtesy: Facebook page of HDB
Kallang Breeze comprises 2 residential blocks that are 23 storeys high, and offers 411 units of 3- and 4-room flats. Located near the Kallang River, 'Kallang Breeze' residents will enjoy a cool and comfortable living environment. Photo courtesy: Facebook page of HDB

HDB will set aside at least 95 per cent of the flat supply for first-timer families and up to 5 per cent for second-timer families. Elderly may apply if they meet the prevailing eligibility conditions to buy a 2-room Flexi flat. 

ROF flats come in a wide range of flat types, locations and selling prices.  About 13 per cent are already completed and the rest are under construction.  Eligible families with more urgent housing needs and/or who are less particular about location and attributes may wish to apply.

Application for new flats launched in the February 2019 BTO and ROF exercise can be submitted online on the HDB InfoWEB from today to February 18. However, they will only be able to take part in either the BTO or ROF exercise, not both.

Towner Crest comprises 2 residential blocks that offer 444 units of 3- and 4-room flats. The development’s name describes its tall residential blocks that range from 35 to 39 storeys high. Photo courtesy: Facebook page of HDB
Towner Crest comprises 2 residential blocks that offer 444 units of 3- and 4-room flats. The development’s name describes its tall residential blocks that range from 35 to 39 storeys high. Photo courtesy: Facebook page of HDB

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, except for young couples who are eligible for deferment of income assessment.

The next HDB flat launch will be in May. This exercise will offer about 3,400 flats in Kallang Whampoa, Tengah and Woodlands.

HDB
Author
Ashraf Jamal
Ashraf Jamal – Senior Writer

Ashraf Jamal brings a rare depth to writing equipped with a degree in journalism, a postgraduate degree in political science, and a degree in law from the Allahabad University. His experience includes editing and publishing the Northern India Patrika and writing for Times of India for almost a decade covering just about any topic under the sun including NRIs and Indian diaspora.

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