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Release of 3rd Quarter 2014 Public Housing Data

Bumper Launch to Meet Diverse Housing Needs

30 May 2013

 Today, HDB launched 8,000 flats for sale under the joint Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. Three new housing measures announced during the 2013 Committee of Supply debate to help first-timers, second-timers, divorcees, and the elderly will also take effect from this sales exercise.

Extension of Parenthood Priority Scheme (PPS) to Expectant Mothers


2Under the existing Parenthood Priority Scheme (PPS), HDB sets aside 30% and 50% of the flat supply under BTO and SBF exercises, respectively, for first-timers who are married with a citizen child below 16 years old. To help more first-timers buy a flat earlier, HDB will extend the PPS to married first-timers who are expecting a child.


Doubling the Quota of 2- and 3-room BTO Flats for Second-Timers


3To help second-timers who are rightsizing, HDB will double the quota of 2-room and 3-room BTO flats for second-timers in non-mature estates from 15% to 30%. Out of the 30% quota, 5% will be set aside for second-timer applicants who are divorced/widowed with children below 16 years old under the Assistance Scheme for Second-Timers (Divorced/Widowed Parents) (ASSIST).


Greater Support for Elderly to Right-Size their Home


4HDB will reserve 50% of the Studio Apartment (SA) supply in BTO and SBF exercises for eligible elderly applicants under the Studio Apartment Priority Scheme (SAPS). This will provide greater assurance of success for elderly who want to right-size to an SA near their current flat or private property, or near their married children.


BTO Exercise Offering 4,900 Flats


5HDB will offer 4,900 BTO flats over eight projects in five non-mature towns, namely Choa Chu Kang, Hougang, Jurong West, Sembawang, and Woodlands.


6First-timers will enjoy priority flat allocation with at least 85% (for 4-room and 5-room) and 70% (for 2-room and 3-room) of the BTO flat supply set aside for them. Out of the quota for first-timers, 30% will be set aside for applicants eligible for PPS. Out of the 30% second-timer quota for 2-room and 3-room BTO flats, 5% will be allocated to divorcees or widows with children below 16 years old.


7The Multi-Generation Priority Scheme1 (MGPS) for parents and married children to apply jointly for flats in the same BTO project will be available to those applying for flats at EastBrook @ Canberra and Spring Haven @ Jurong. In addition, 50% of the SAs in Golden Mint will be set aside for eligible elderly flat applicants under the SAPS.


1The Multi-Generation Priority Scheme (MGPS) encourages families to live close to each other in BTO projects where Studio Apartments (SA) or 2-room flats are integrated with other flat types. Up to 15% of the SA or 2-room flat supply in the project (minimum of 20 units) and the corresponding number of 2-room and bigger flats are set aside for offer to MGPS applicants. 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.


8Eligible first-timer households can enjoy 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 as low as $22,000, $98,000, and $208,000 respectively (Table 1). Details of the BTO flats offered and resale comparables can be found in Annex A1 (PDF 1747KB).


Table 1: May 2013 BTO Prices
Project
Flat Type
Selling Price (excluding Grants)
Selling Price
(including Grants)
Non-Mature Towns/Estates
2-room
From $82,000
From $22,000
3-room
From $138,000
From $103,000
EastBrook @ Canberra, EastWave @ Canberra (JPG 479KB) & EastBank @ Canberra (JPG 526KB)
4-room
From $225,000
From $210,000
EastWave @ Canberra &
EastBank @ Canberra
5-room
From $314,000
From $304,000
Golden Mint (JPG 400KB)
Studio Apartment
From $76,000
-
Hougang Crimson (JPG 486KB)
3-room
From $171,000
From $136,000
4-room
From $268,000
From $253,000
Keat Hong Crest (JPG 485KB)
3-room
From $140,000
From $105,000
4-room
From $240,000
From $225,000
5-room
From $308,000
From $298,000
2-room
From $94,000
From $34,000
3-room
From $160,000
From $125,000
4-room
From $260,000
From $245,000
Woodlands Pasture I & II (JPG 502KB)
3-room
From $133,000
From $98,000
4-room
From $223,000
From $208,000
5-room
From $276,000
From $266,000

Notes:
  • 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 is applicable only to 2-room and 3-room standard flats in non-mature estates.
  • Actual Grant amounts vary based on income and choice of flat. Read more on various CPF Housing Grants Available.
  • Studio Apartments (SAs) are sold on a 30-year lease, beginning from the date of key collection. Prices are inclusive of the elderly-friendly fittings/finishes. 50% of the SAs will be set aside for eligible elderly flat applicants if they apply for an SA in the same town as their current property, or to stay near/with their parents/married child under Studio Apartment Priority Scheme (SAPS).
  • 2-/3-/4-/5-room flats are sold on a 99-year lease.

SBF Exercise Offering 3,100 Flats


9HDB will offer another 3,100 balance flats in 11 non-mature and 15 mature towns/estates under the SBF Exercise. They comprise 602 SAs, 219 2-room, 396 3-room, 1,381 4-room, 478 5-room flats and 24 Executive flats.


10At least 95% of the balance flat supply (excluding SAs) will be set aside for first-timers. Of the 95% quota, 50% will be set aside for applicants eligible for PPS. 50% of the SAs will be set aside for eligible elderly applicants under SAPS.


11Flats offered under the SBF exercise come in a wide range of flat types, locations and selling prices (Table 2). About 28% are already completed and ready for occupation, while the remaining 72% are still under construction. Pricing details and applicable ethnic quotas of the SBF flats are in Annex A2 (PDF 321KB).


Table 2: Summary of May 2013 SBF Prices

Flat Type
Selling Price

(excluding Grants)

Selling Prices

(inclusive of Grants)

Non-Mature Towns/Estates
Studio Apartment
From $72,000
-
3-Room
From $148,000
From $113,000
4-Room
From $235,000
From $220,000
5-Room
From $308,000
From $298,000
Executive Flat
From $420,000
-
Mature Towns/Estates
Studio Apartment
From $86,000
-
2-Room
From $145,000
From $105,000
3-Room
From $190,000
From $160,000
4-Room
From $290,000
From $275,000
5-Room
From $403,000
From $393,000
Executive Flat
From $535,000
-
Notes:
  • 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 is applicable only to 2-room and 3-room standard flats in non-mature estates.
  • Actual Grant amounts vary based on income and choice of flat. Read more on various CPF Housing Grants Available.
  • Studio Apartments (SAs) are sold on a 30-year lease, beginning from the date of key collection. Prices are inclusive of the elderly-friendly fittings/finishes. 50% of the SAs will be set aside for eligible elderly flat applicants if they apply for an SA in the same town as their current property, or to stay near/with their parents/married child under Studio Apartment Priority Scheme (SAPS).
  • Please refer to esales.hdb.gov.sg to check the lease commencement date of each block.

Advice for Flat Buyers


12Applicants are strongly advised to apply for a BTO flat in non-mature towns/ estates to enjoy a higher chance of success in securing a flat. While SBF flats have a shorter waiting time to completion, the number of units in each town is small and is likely to attract high application rates.


13Regular updates on the number of applications submitted for the various flat types/towns/estates will be published on the HDB InfoWEB. Applicants are advised to check for updates before submitting their application.


Application for May 2013 Sales Exercises


14Applications for new flats launched in the May 2013 BTO and SBF Exercises can be submitted online from today, 30 May 2013 (Thursday) to 5 Jun 2013 (Wednesday). Applicants can apply for only one flat type/category in one town under either the BTO or SBF Exercise.


15More details on the application procedures can be found in Annex B (PDF 89KB).


16For enquiries, the public can:

      - Log on to esales.hdb.gov.sg; or
      - E-mail hdbsales@hdb.gov.sg; or
      - Visit the HDB Sales Office to speak with our Customer Relations Executives during office hours (Mon to Fri 8 am to 5 pm, Saturday 8 am to 1 pm).

Next BTO Launch in July 2013


17In July 2013, HDB will offer about 3,800 BTO flats in Bukit Merah, Sengkang, and Yishun. More information on the flats to be offered under the July 2013 BTO Exercise is available on the HDB InfoWEB.