On Tuesday (28 Feb), the Housing and Development Board (HDB) launched 4,428 Build-To-Order (BTO) flats for sale.
These include two projects under the Prime Location Public Housing (PLH) model at Dover Forest and Farrer Park.
Source: HDB
The three other projects under the sales exercise are in Jurong West, Tengah, and Kallang/ Whampoa.
Applications for the sales launch have already commenced and will close next Monday (6 Mar) at 11.59pm.
There are five BTO projects available in the February 2023 sales launch:
Of these, two projects — Ulu Pandan Glades in Queenstown and Farrer Park Fields in Kallang/ Whampoa — fall under the PLH model.
The Ulu Pandan Glades project offers 3- and 4-room options starting from S$372,000 and S$541,000 respectively, without grants.
It is the most expensive project in this round’s launch. Additionally, the project has the longest estimated wait time of 68 months or 5.7 years.
Located near Dover MRT station, 732 units will be up for grabs at Ulu Pandan Glades.
Source: HDB
The other project under the PLH model is Farrer Park Fields with 1,274 units on sale.
Source: HDB
Three different types of flats are available at Farrer Park Fields:
Buyers will have to wait for about 53 months, or about 4.4 years, for the project to be completed.
The HDB will be bounded by Race Course Road, Hampshire Road, and Farrer Park Road.
Source: HDB
Owners of flats under the PLH model face stricter buying and selling conditions, including a 10-year minimum occupation period (MOP).
Homeowners who eventually sell the units will also have to pay HDB back a percentage of their unit’s resale price.
This subsidy clawback, however, will not apply to two-room Flexi units offered at Farrer Park Fields under “short lease”.
The sales exercise also includes a non-PLH project in the mature estate of Kallang/ Whampoa — Rajah Summit.
Source: HDB
Bounded by Jalan Rajah next to Kallang River, there will be 510 3-room and 4-room units there.
Source: HDB
3-room flats there begin at S$326,000 while 4-room flats begin at S$459,000, excluding grants.
The project comes with a wait time of about 58 months, slightly under five years.
The two remaining projects are in the non-mature towns of Tengah and Jurong West.
Bounded by Brickland Road and Tengah Boulevard, the Brickland Weave project will have 1,641 units available.
Source: HDB
Here are the flats available at the Brickland Weave project:
Jurong West Crystal, located along Jurong West Street 93 near Jurong West Sports Centre, will have 271 units on offer.
Source: HDB
The flats here are the most affordable under this launch. Prices begin at S$187,000 for 3-room flats and S$288,000 for 4-room flats.
The project is estimated to be completed in 47 months, just under four years.
The February 2023 BTO Sales Launch applications will close next Monday (6 Mar) at 11.59pm.
More information about the five new BTO projects can be found here.
According to The Straits Times (ST), 5,400 flats will be launched in Tengah, Bedok, Kallang/ Whampoa, and Serangoon in the upcoming exercise in May.
In August, there will be between 5,200 and 6,200 flats offered in Choa Chu Kang, Tengah, Bukit Merah, Kallang/ Whampoa, and Queenstown.
If you and your bae are eyeing any of the BTO projects above, be sure not to miss out on the deadline.
Have news you must share? Get in touch with us via email at news@mustsharenews.com.
Featured image adapted from HDB.
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