\u003Cp\u003E\u003Cstrong\u003ESeventy-five per cent of the flats have a waiting time of four years or below.\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EThe Housing and Development Board (HDB) launched 6,800 flats for sale under the October Build-To-Order (BTO) exercise.\u003C/p\u003E\n\u003Cp\u003EThe eight BTO projects are located in Choa Chu Kang, Kallang/Whampoa, Queenstown, and Tengah. Six out of eight projects, or about 75% of the flats, have a waiting time of four years or below.\u003C/p\u003E\n\u003Cp\u003EHDB will offer the other two projects located in Verandah @ Kallang and Tanglin Halt Cascadia under the Prime Location Housing (PLH) model, which requires its owners 6% return upon resale.\u003C/p\u003E\n\u003Cp\u003EHDB will reserve 20% of the PLH flats for first-timer families and 2% for second-timer families under the Married Child Priority Scheme.\u003C/p\u003E\n\u003Cp\u003EFlat prices range from $106,000 to $530,000 in non-mature estates. For mature estates, prices range from $176,000 to $480,000. Prices vary on the number of rooms per unit.\u003C/p\u003E\n\u003Cp\u003EInterested applicants must have a valid HDB Flat Eligibility (HFE) letter. Applications can be made online via HDB Flat Portal from 4 October to 10 October.\u003C/p\u003E
The Housing and Development Board launched 6,800 flats for sale under the October Build-To-Order exercise.
HDB will offer the other two projects located in Verandah @ Kallang and Tanglin Halt Cascadia under the Prime Location Housing model, which requires its owners 6% return upon resale. Flat prices range from $106,000 to $530,000 in non-mature estates. For mature estates, prices range from $176,000 to $480,000. Prices vary on the number of rooms per unit.
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October 2023 HDB BTO launch review: Ultimate guide to choosing the best unitFor those who've been used to the timely launches, it might seem a little strange (or surprising) to see an October BTO launch. This time, HDB has launched 6,800 BTO flats across four key areas: Choa Chu Kang, Kallang/Whampoa, Queenstown, and Tengah. The best part? About 75 per cent of these homes are expected to be ready in four years...
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HDB resale market ‘may come under pressure’ in 4Q23: expert\u003Cp\u003E\u003Cstrong\u003EIn 3Q23, resale volume dipped 19.7% MoM and 23.3% YoY.\u003C/strong\u003E\u003C/p\u003E\n\u003Cp\u003EThe HDB resale market will continue to see slower activity in 4Q23, according to several real estate experts.\u003C/p\u003E\n\u003Cp\u003EOrangeTee, PropNex, and Huttons all pointed to the upcoming BTO sales launch as a factor which will affect activity in the HDB resale market in the next quarter. \u003C/p\u003E\n\u003Cp\u003E“The resale market may come under pressure in the fourth quarter of 2023. Around 13,000 new flats will be put up for sale from two BTO sales launches in October and December. Many BTO flats are well-located, in proximity to an MRT station or surrounded by ample amenities. As a result, we expect more buyers to be diverted from the secondary market,” OrangeTee said.\u003C/p\u003E\n\u003Cp\u003EPropNex echoed this, adding that the BTO sales launch already affected transactions in 3Q23.\u003C/p\u003E\n\u003Cp\u003E“We think the decline in the resale market activity could be partially due to the Ghost month which straddled August and September, as well as the HDB’s build-to-order (BTO) exercise, which was postponed from August to 4 October,” PropNex said.\u003C/p\u003E\n\u003Cp\u003E“Some prospective buyers may have decided to wait for the BTO launch, given the desirable locations offered, including in Kallang Whampoa and Queenstown,” PropNex added.\u003C/p\u003E\n\u003Cp\u003EIn 3Q23, resale volume dipped 19.7% MoM and 23.3% YoY.\u003C/p\u003E\n\u003Cp\u003E“Some buyers may have held back the purchase of a resale flat to see if there are BTO flats with a shorter completion time or non-PLH flats in mature estates,” commented Huttons.\u003C/p\u003E\n\u003Cp\u003EPropNex added that a “mismatch in price expectations between sellers and buyers could also have slowed transactions” during the period.\u003Cbr /\u003E\n \u003C/p\u003E
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New HDB BTO unit classification: Know the difference between Standard, Plus, and Prime flatsSo, do you know what is like the 'Beyonce' of Singapore's housing scene? HDB BTOs - always in the limelight and constantly evolving. Just when you thought you had it all figured out, HDB throws a curveball with new classifications: Standard, Plus, and Prime. But fear not, dear reader! We're here to break it down for you, so you won't...
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HDB launches 6,800 BTO flats, with tighter rules for applicants who reject offer to book unitsThe Housing Board on Wednesday launched 6,800 Build-To-Order (BTO) flats for sale across eight projects in Choa Chu Kang, Kallang/Whampoa, Queenstown and Tengah. Two of the projects, in Kallang/Whampoa and Queenstown, fall under the prime location public housing (PLH)...
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HDB launches 6,800 BTO flats, with tighter rules for applicants who reject offer to book unitsTwo projects, in Kallang/Whampoa and Queenstown, fall under the prime location public housing model. Read more at straitstimes.com.
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HDB resales in September hit by BTO launch; first price drop since FebruaryThe new BTO units, particularly in prime locations, appear to have diverted potential buyers from the resale market. Read more at straitstimes.com.
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