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8,000 flats launched under BTO, SBF schemes

SINGAPORE - A total of 8,000 flats have been launched for sale under the joint build-to-order (BTO) and sale of balance flats (SBF) exercise.

Of these, 4,900 are BTO flats from eight projects in five non-mature towns: Choa Chu Kang, Hougang, Jurong West, Sembawang, and Woodlands.

BTO launches in May 2013

Click on thumbnail to view. Story continues after photos. HDB

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Another 3,100 are sale of balance flats in various non-mature and mature towns.

HDB said in a release that  parents and married children can jointly apply for flats under the Multi-Generation Priority Scheme (MGPS) for BTO flats at EastBrook @ Canberra and Spring Haven @ Jurong.

In addition, 50 per cent of the SAs in Golden Mint will be set aside for eligible elderly flat applicants under the SAPS.

Under the MGPS, parents applying for an SA or 2-room flat must submit a joint application with their married child applying for a 2-room or bigger flat. They will have the opportunity of choosing flats on the same floor or elsewhere in the same project, from the pool of pre-identified flats.

Eligible first-timer households will receive up to $60,000 of housing grants, comprising the Additional CPF Housing Grant ($40,000) and Special CPF Housing Grant ($20,000).

With these grants, 2-room, 3-room and 4-room flats will be priced from $22,000, $98,000, and $208,000 respectively.

Applications for this batch of flats can be made from May 30 to June 5.

Three new housing measures announced during the 2013 Committee of Supply will also take effect.

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