Date issued : 31 Jul 2012
HDB announced today:
a) The launch of seven BTO projects offering 4,191 new flats
b) Enhancements to the Special CPF Housing Grant (SHG)
(A) Launch of seven BTO projects offering 4,191 new flats
2HDB launched seven BTO projects today, offering 4,191 new flats in two non-mature towns (Choa Chu Kang and Punggol) and three mature towns (Bukit Merah, Clementi and Geylang). This is the fourth BTO launch this year and HDB remains on track to launch 25,000 flats this year.
3The details of the flats offered are in Annex A 
(PDF 2356KB). To ensure first-timers continue to enjoy priority in flat allocation, at least 95% and 85% of the BTO flat supply (excluding Studio Apartments) in mature towns and non-mature towns respectively will be set aside for them.
(PDF 2356KB). To ensure first-timers continue to enjoy priority in flat allocation, at least 95% and 85% of the BTO flat supply (excluding Studio Apartments) in mature towns and non-mature towns respectively will be set aside for them.
4Eligible first-timer households can also enjoy various housing grants to help them own a new BTO flat. The selling prices are shown in Table 1:
Table 1: July 2012 BTO Prices
Project
|
Flat Type
|
Selling Price (excluding Grants)
|
Selling Price
(inclusive of Grants) |
Non-Mature Towns/Estates
| |||
Keat Hong Axis
|
2-room
|
From $99,000
|
From $39,000
|
3-room
|
From $151,000
|
From $116,000
| |
4-room
|
From $243,000
|
From $228,000
| |
5-room
|
From $309,000
|
From $299,000
| |
Punggol Opal
|
2-room
|
From $104,000
|
From $44,000
|
Punggol Opal & Waterway Cascadia
|
3-room
|
From $178,000
|
From $143,000
|
4-room
|
From $289,000
|
From $274,000
| |
Waterway Cascadia
|
5-room
|
From $390,000
|
From $380,000
|
Mature Town/Estate
| |||
Clementi Gateway
|
3-room
|
From $301,000
|
From $271,000
|
4-room
|
From $430,000
|
From $415,000
| |
Depot Heights
|
Studio Apartments
|
From $115,000
|
-
|
Depot Heights & Telok Blangah Ridgeview
|
3-room
|
From $285,000
|
From $255,000
|
4-room
|
From $430,000
|
From $415,000
| |
GreenTops
@ Sims Place |
Studio Apartments
|
From $114,000
|
-
|
3-room
|
From $284,000
|
From $254,000
| |
Punggol Opal (standard) offers 2-/3-/4-room flats whereas Waterway Cascadia (premium) offers 3-/4-/5-room flats. Only applicants with gross monthly household income not exceeding $5,000 are eligible to be considered for the 3-room standard flats in Punggol Opal.
- Depot Heights offers studio apartments and 3-/4-room flats whereas Telok Blangah Ridgeview offers 3-/4-room flats.
- For 2-room flats, assumed Additional CPF Housing Grant (AHG) of $40,000 and Special CPF Housing Grant (SHG) of $20,000
- For 3-room flats, assumed AHG of $30,000 and SHG of $5,000.
- For 4-room flats, assumed AHG of $15,000.
- For 5-room flats, assumed AHG of $10,000.
- SHG applicable only to 2-room and 3-room standard flats in the non-mature estates.
- Actual Grant amounts will vary based on income and choice of flat. Read more on various CPF Housing Grants Available
- Studio Apartments are sold on 30-year lease. Prices are inclusive of the elderly-friendly fittings/finishes.
- 2-/3-/4-/5-room flats are sold on 99-year lease.
Combined BTO and SBF Launch in September 2012
5
In Sep 2012, HDB will offer 3,700 new BTO flats for sale in Ang Mo Kio, Choa Chu Kang, Kallang Whampoa, Tampines and Woodlands. More information is available on the HDB InfoWEB.
6HDB will also offer 3,000 flats in a concurrent Sale of Balance Flats (SBF) exercise. The balance flats will have good geographical spread and comprise flats from both mature and non-mature estates.
Applications and Enquiries for July 2012 BTO Launch
7Applications for the new flats launched can be submitted online from today, 31 July 2012 (Tuesday), to 6 Aug 2012 (Monday).
8More details of the application procedures can be found in Annex B (PDF 134KB). For enquiries, the public can:
(PDF 134KB). For enquiries, the public can:
a) Log on to esales.hdb.gov.sg; or
b) E-mail hdbsales@hdb.gov.sg; or
c) Visit the HDB Sales Office to speak with our Customer Service Officers during office hours (Mon to Fri 8 am to 5 pm, Saturday 8 am to 1 pm).
(B) Enhancement to Special CPF Housing Grant (SHG)
9In March 2011, MND introduced the Special CPF Housing Grant (SHG) to help first-timer low income households own their homes. Those earning between $1,501 and $2,250 can qualify for a SHG of up to $15,000 if they buy a 2-room or 3-room standard flat in the non-mature estates from HDB. Those earning $1,500 or less can qualify for a SHG of $20,000 if they buy a 2-room standard flat in the non-mature estates from HDB. The restriction to a 2-room standard flat is to encourage financial prudence, and ensure that these low-income households do not overstretch themselves. The SHG is over and above the regular market subsidy for new flats.
10With effective credit assessment by HDB to help the low-income households buy a flat within their means, we have decided to extend the SHG (of $20,000) for first-timer households earning $1,500 and below, to include purchases of 3-room standard flats in non-mature estates. The enhancement will expand the housing options available to low-income households who need more space, and can afford a larger flat, with the help of government subsidies. This will take effect from the July BTO launch.
11Together with the Additional CPF Housing Grant (AHG), households earning $1,500 and below can now enjoy total housing grants of $60,000 for the purchase of 2-room or 3-room standard flats in non-mature estates from HDB. Table 2 summarizes the housing grants available to first-timers buying new flats from HDB.
Table 2: Housing Grants available to First-Timer New Flat Buyers
Average Monthly Household Income in Preceding Year of Flat Application
|
Amounts of Grants
(On Top of Market Subsidy) |
Flat Types Eligible for SHG
(Only for Flats Bought from HDB) | ||
AHG
|
SHG
|
Total
| ||
Not more than $1,500
|
$40,000
|
$20,000
|
$60,000
|
|
$1,501 to $1,750
|
$35,000
|
$15,000
|
$50,000
|
|
$1,751 to $2,000
|
$35,000
|
$10,000
|
$45,000
| |
$2,001 to $2,250
|
$30,000
|
$5,000
|
$35,000
|
|
1) AHG is available for all flat types, regardless of whether the flat is bought from the HDB or from the open market, or a flat under the Design, Build and Sell Scheme (DBSS) from private developer and whether they are in mature or non-mature estates.
2) The current household income ceilings for 2-room and 3-room standard flats in non-mature estates are $2,000 and $5,000 per month respectively.
12For enquiries, the public can contact HDB at the following numbers:
a. Sales/Resale Customer Service Line: 1800 8663 066 b. Branch Office Service Line: 1800 2255 432