New HDB flat supply increased to 27,000 units

New HDB flat supply increased to 27,000 units

SINGAPORE - HDB today launched 7,055 flats for sale under the joint Build-to-Order (BTO) and Sale of Balance Flats (SBF) Exercises in both non-mature and mature towns.

This brings the total flat supply in 2012 to 27,000 units, including the 6,400 flats to be launched in Nov. This is 2,000 units more than the 25,000 units originally planned for the year.

HDB said in a statement that the increase in HDB flat supply will help to meet the housing demand, especially those from first-time home buyers.

It also advised applicants to apply for a BTO flat in the non-mature towns/estates for a higher chance in securing a unit as demand for flats in mature estates is expected to be high,

Of the new flats offered in the seven BTO projects, 3,727 units are located in Choa Chu Kang, Woodlands, Ang Mo Kio, Kallang Whampoa and Tampines.

First-timers will enjoy priority flat allocation with at least 95% and 85% of the BTO flat supply (excluding Studio Apartments) set aside for them in mature towns and non-mature towns respectively.

In addition to the BTO Launch, HDB will offer another 3,328 balance flats in 11 non-mature and 13 mature towns/estates under the SBF Exercise.

These flats comprise 818 studio apartments, 697 2-room flats, 302 3-room flats, 1,016 4-room flats, 471 5-room flats and 24 Executive flats. At least 95% of the flat supply (excluding Studio Apartments) will be set aside for first-timers.

Another 6,400 BTO flats in Queenstown, Bedok, Toa Payoh, Seng Kang and Choa Chu Kang will be launched November 2012.

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