Search Articles

in

Recommended For You

Analysts still see healthy demand for new BTO flats
Analysts still see healthy demand for new BTO flats

The Business Times -
27 Mar 2014

Four BTO projects will add 3,497 flats in Sembawang, Sengkang, Yish...


HDB to relocate 399 industrial units from Eunos
HDB to relocate 399 industrial units from Eunos

The Business Times -
26 Mar 2014

HDB will be relocating another batch of units in the Eunos Industri...


Angst over HDB resale flat valuations
Angst over HDB resale flat valuations

The Straits Times -
21 Mar 2014

THE Housing Board's move to publish daily instead of fortnightly fi...



Latest HDB Ads

268 Toh Guan Road
4-Room HDB 268 Toh Guan Road, Room Rental

www.grace818.irealtor.sg
Common room for
rent Ful


0 Blk 608 Jurong West St 65
5-Room HDB 0 Blk 608 Jurong West St 65, For Sale

www.grace818.irealtor.sg
5 room at Blk 608
Jurong


77A Redhill Road
4-Room HDB 77A Redhill Road, For Sale

4A @ Redhill MRT for
Sale! 3
Bedrooms 90sqm Super



Featured Videos

Newsletter

Subscribe to receive the hottest news & property trends, updates on popular properties and promotions from STProperty & our partners

HDB

HDB offers another 1,534 flats in two BTO projects

They are in Punggol, Woodlands; another 1,000 flats in two other areas in March

The Business Times - February 12, 2010
By: Emilyn Yap

| More
HDB offers another 1,534 flats in two BTO projectsStrong demand expected: Punggol Crest (above) and Treegrove @ Woodlands could be ‘well over-subscribed by at least six times each’, says PropNex

THE Housing and Development Board (HDB) launched two new build-to-order (BTO) projects in Punggol and Woodlands yesterday, offering 1,534 new flats.

Home seekers can look forward to another 1,000 BTO flats in Sembawang and Sengkang next month. This pace of release is in line with HDB’s plans to offer around 7,000 BTO flats in H1 2010, and 12,000 BTO flats for the whole year.

Robust demand for public housing has spurred the launch of more new flats. Last month, HDB’s offer of 1,291 new BTO flats in Choa Chu Kang and Hougang was more than five times subscribed, with 7,077 applications pouring in. Subscription rates were particularly high for the four-room flats available.

PropNex foresees continued strong demand for flats. The two new BTO projects – Punggol Crest and Treegrove @ Woodlands – could be “well oversubscribed by at least six times each”, it said. Applications will close on Feb 24.

Punggol Crest at Punggol Place will offer 750 standard flats, of which 36 per cent or 270 will be four-roomers. There will also be 240 two-room flats and 240 three-room flats.

Punggol Crest will be near the Punggol MRT and LRT stations, bus interchange and the future Punggol Town Centre. In its immediate vicinity will be the the Tampines Expressway, a proposed mosque and secondary school.

Buyers can expect to pay $247,000 to $301,000 for a four-room flat at Punggol Crest. According to HDB, the price of a comparable four-room resale flat in the vicinity would be $330,000 to $377,000.

Over at Woodlands Avenue 7, Treegrove @ Woodlands will have 784 premium flats. These are units which come fitted with floor finishes.

Of these, 47 per cent or 372 units will be four-roomers. There will also be 192 studio apartments and 220 three-room flats.

Treegrove @ Woodlands will be next to 888 Plaza and near Causeway Point. It will also be mid-way between Woodlands MRT station and Admiralty MRT station.

A four-room flat at the estate would go for $228,000 to $288,000. HDB notes that the price of a comparable four-room resale flat in the area would be $305,000 to $371,000.

PropNex CEO Mohamed Ismail expects the take-up rate for Punggol Crest to be higher as it offers a smaller number of units. “Punggol residents can also look forward to greater asset appreciation in about 10 years’ time, when the Punggol Master Plan reaches fruition,” he added.

From recent resale transactions involving four-roomers in Punggol, PropNex also observed that “the median resale price is inching upward, so the market is still buoyant, compared to the last quarter”.

HDB has launched 2,825 new BTO flats in January and February. It will release more flats monthly in the next few months.

| More

Ease ABSD for Singaporeans, urges Wing Tai boss

Ease ABSD for Singaporeans, urges Wing Tai boss

The Business Times - 18 Jul 2014

But it should be kept for foreigners as hot money remains an issue


Magnate allays fears of Iskandar building glut

Magnate allays fears of Iskandar building glut

The Business Times - 17 Jul 2014

This comes against a backdrop of roll-out of mammoth projects by big Chinese developers


Parents may get carrot to join kids in newer towns

Parents may get carrot to join kids in newer towns

The Straits Times - 17 Jul 2014

Idea raised as part of efforts to free up HDB flats in mature estates

View articles from these categories

X

HDB launches four more BTO projects

The Business Times - December 16, 2009

By: Uma Shankari