SINGAPORE: A total of 4,428 Build-to-Order (BTO) flats were launched for sale on Tuesday (Feb 28), spread across five projects in Kallang Whampoa, Queenstown, Jurong West and Tengah. Two of the projects - in Kallang Whampoa and Queenstown - are under the
SINGAPORE: A total of 4,428 Build-to-Order flats were launched for sale on Tuesday , spread across five projects in Kallang Whampoa, Queenstown, Jurong West and Tengah.Prime Location Public Housing model."With significant subsidies, the new flats will be priced considerably lower than the transacted prices of comparable resale flats," said the Housing and Development Board on Tuesday.
It added that those who are looking to move into their new homes sooner can consider the units in Jurong West Crystal and Brickland Weave in Tengah , which are both in non-mature estates. Owners of these flats face a longer minimum occupation period of 10 years before they can put their homes on the open market. Because the flats came with extra subsidies, those who eventually sell their homes will have to pay back HDB a percentage of the unit's resale price.
Families under the Fresh Start Housing Scheme can choose lease lengths ranging from 45 to 65 years in five-year increments, as long as the lease of the flat can cover the applicant and their spouse up to the age of 95.Applications in the current sales exercise can be submitted from Feb 28 to Mar 6, online atAfter this, the next BTO launch will be in May when HDB will offer about 5,400 new flats in places such as Tengah, Bedok, Kallang Whampoa and Serangoon.
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