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

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

More owners of luxury condos selling at a loss

More owners of luxury condos selling at a loss

The Business Times - 15 Sep 2014

Yields also under pressure; low rentals leave more people struggling to pay mortgages


Tiong Bahru condo draws good response

Tiong Bahru condo draws good response

The Business Times - 15 Sep 2014

Keppel Land cites pent-up demand as 80% of 160 units released are sold


New cafes give shot of energy to old estate

New cafes give shot of energy to old estate

The Straits Times - 12 Sep 2014

Several areas in Singapore are undergoing a gentrification process that has breathed new life into old neighbourhoods. In the third of a four-part series in Street View, we check out what's brewing in Toa Payoh, a historic town in the heart of Singap

View articles from these categories

X

HDB launches four more BTO projects

The Business Times - December 16, 2009

By: Uma Shankari