HDB Launches Two New Build-To-Order Projects in Punggol
Date issued : 16 Nov 2009

           HDB has launched two new Build-To-Order (BTO) projects in Punggol Town – Punggol Sails (286KB) and Punggol Ripples (175KB) – offering a total of 1,078 standard flats. The supply comprises 130 units of Studio Apartments, 436 units of 3-room, 403 units of 4-room and 109 units of 5-room flats. Flat details for Punggol Sails and Punggol Ripples are in Annex A.

2         Conveniently located along Punggol Field (784KB), both projects will be well served by the Punggol MRT, LRT stations, bus interchange, and the future Punggol Town Centre. Within their vicinity, there will be a few shops, a childcare centre and an RC centre. There are also primary and secondary schools in the area. The Tampines Expressway is a short drive away, offering good connectivity to the rest of Singapore.

3         With effect from this BTO exercise, 95% of the supply of 2-, 3-, 4- and 5-room flats will be set aside for first timers. This will give greater priority to first timers, who generally have more urgent housing needs than second timers.

4         Including this exercise, HDB has offered about 10,800 flats under BTO and other sales exercises this year. Flat buyers can look forward to 4 more BTO projects with 2,700 flats in Dec 2009. These projects will be located in Bukit Panjang, Sembawang and Dawson. More details will be provided at their launch.


5         To ensure that public housing is affordable for first-time homebuyers, new HDB flats are priced below their equivalent market prices. The market prices take into account the prices of resale flats in the area, adjusted for factors such as location, flat attributes, project design and prevailing market conditions, as determined by professional valuers.

6         The selling prices for the flats are:
      Punggol Sails / Punggol Ripples

      $65,000 to $92,000 for a Studio Apartment;
      $158,000 to $185,000 for a 3-room flat;
      $249,000 to $305,000 for a 4-room flat; and
      $332,000 to $377,000 for a 5-room flat

7         Pricing details and resale comparables for Punggol Sails and Punggol Ripples are in Annexes A & B.

8         In addition to enjoying a generous market subsidy on the selling price, eligible first-timers with an average monthly household income of $5,000 or less can also apply for the Additional CPF Housing Grant (AHG) of up to $40,000. The AHG can be used to offset the initial down payment.

9         First-time flat buyers are expected to use 23% to 27% of their monthly household income to meet their monthly loan commitments. This is well below the 30% international benchmark for affordable housing. (Please see the Affordability Table in Annex B for more details.) Therefore, most of the new flat buyers can service their mortgage payments fully using their monthly CPF contributions (i.e. 23% of income). For example, a 4-room unit priced at $275,000 in Punggol Sails or Punggol Ripples requires a monthly mortgage instalment of about $991. This can be serviced fully by the monthly CPF contribution of a family with a household income of $4,300, without any cash outlay.


10         Applications for the new flats can be submitted online from 16 Nov 2009 (Monday) to 30 Nov 2009 (Monday). More details of the application procedures can be found in Annex C.

11         For enquiries, the public can:
      - E-mail hdbsales@hdb.gov.sg;
      - Call the Sales/Resale Customer Service Line at 1800-866 3066 on weekdays from 8 am to 5 pm; or
      - 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).


Table 1: Flat Supply and Pricing Details for Punggol Sails and Punggol Ripples

Flat type
Floor Area (m)
37 m
47 m
67 m
92 - 95 m
112 m
Internal Floor Area (m)
35 m
45 m
65 m
90 - 93 m
110 m
No. of UnitsPunggol Sails
(PW C8)
Punggol Ripples (PW C14)
Indicative Price Range ($)
$65,000 - $73,000
$84,000 - $92,000
$158,000 - $185,000
$249,000 - $305,000
$332,000 - $377,000
a) Floor area refers to the estimated area of the whole apartment, inclusive of the area of the balcony and air-conditioner ledge (where applicable).
b) Internal floor area refers to the estimated area of the apartment computed based on the centre line of the apartment wall.
c) The indicative prices do not include the cost of optional components. Actual selling prices will vary according to the attributes of the individual units at the time of selection.

Optional Component Scheme (OCS)

Buyers of the Standard flats in Punggol Sails and Punggol Ripples can opt for internal timber doors and/or flooring to be installed in their flats. The cost of the optional component (see Table 2 below) will be added to the selling price of the flat.

Table 2: Optional Component Scheme for Nov 09 BTO

Optional Component
Indicative Costs
(with Balcony)
Punggol Sails (PW C8)
Punggol Ripples (PW C14)
(Standard Flats)
Flooring for living / dining room and bedrooms
Internal doors*

OCS is not applicable to Studio Apartments.
* 3-room flats : 4 internal doors (2 bedrooms doors and 2 bathroom doors)
* 4-room flats : 5 internal doors (3 bedrooms doors and 2 bathroom doors)
* 5-room flats : 5 internal doors (3 bedrooms doors and 2 bathroom doors)

BTO Exhibition

Location: Habitat Forum, BizFour, 3rd Storey, HDB Hub
Exhibition period: 16 Nov 2009 (Monday) to 30 Nov 2009 (Monday)
Opening hours: 8 am to 5 pm (Weekdays)
   8 am to 1 pm (Saturday)
   Closed on Public Holidays and Sundays



Table 1: Prices of Punggol Sails and Punggol Ripples and Resale Comparables in Nearby Vicinity

Flat Type
Punggol Sails &
Punggol Ripples
(Internal floor area)
Prices of Standard
Resale Flats
$158,000 to $185,000
(65 sqm)
$249,000 to $305,000
(90 – 93 sqm)
$320,000 to $355,000
(90 sqm)
$332,000 to $377,000
(110 sqm)
$388,000 to $430,000
(110 sqm)

a) The 4-room and 5-room resale comparables about 6 years old and located near to Punggol Sails and Punggol Ripples.
b) There are no resale 3-room flats in the vicinity.


Table 2: Affordability of Typical Flat at Punggol Sails and Punggol Ripples
Typical Selling Price
Applicants’ Median Household Income
Eligible Additional Housing Grant
Monthly Instalment for 30-year Loan
to Income

Submission of Application

         Households interested in buying a flat in Punggol Sails or Punggol Ripples can submit their application online at HDB’s InfoWEB at www.hdb.gov.sg between 16 Nov 2009 (Monday) to 30 Nov 2009 (Monday). The administrative fee of $10 is payable by cashcard or credit card (Master Card / Visa). Those without Internet access can visit HDB Hub or any of HDB’s Branch Offices to submit their application via the e-Stations or Internet PCs that are available for use.

2         Each household can submit only one application and must indicate the flat type (i.e. Studio Apartment, 3-room, 4-room or 5-room) that they are applying for. Applicants need not indicate their preference for either Punggol Sails or Punggol Ripples since Punggol Sails and Punggol Ripples are located next to each other. Shortlisted applicants will be allowed to select a flat from either development subject to availability of flats and ethnic quota.

Eligibility Conditions

3         The monthly household income ceiling for the purchase of the 3-room and 4-/5-room flats is at $3,000 and $8,000 respectively. Applicants must also satisfy the other eligibility conditions such as citizenship, family nucleus and non-ownership of private property.

4         For Studio Apartments, the monthly household income ceiling should not exceed $8,000. More information on the eligibility conditions for the purchase of Studio Apartments can be found in HDB’s InfoWEB at www.hdb.gov.sg >> e-Sales >> Eligibility Conditions to Buy a Studio Apartment.

Additional CPF Housing Grant (AHG)

5         AHG was first introduced in Mar 2006 to provide extra help for the lower income families to become homeowners. The latest review for AHG in Feb 2009 allows for eligible first-timers who are buying a new or resale flat (2-room and bigger flat) and whose average monthly household income is $5,000 or less in the 12 months preceding application to qualify for AHG amount of up to $40,000. Applicants buying Studio Apartments are not eligible for the AHG.

Priority Schemes

6         Applicants who meet the conditions of the Third Child Priority (TCP) Scheme, Married Child Priority Scheme (MCPS) or Tenants’ Priority Scheme (TPS) (for 3-room flat applicants only) may request for priority allocation under these schemes. Applications under the Resettlement/Relocation (RH/REN) and Grassroots Organisation (GRO) Schemes will require recommendations from the appropriate authorities managing the schemes.

Selection of Flats

7         Upon the close of the application period, HDB will assess the subscription rate before inviting the applicants for the selection of new flats. Applicants’ queue position to book a flat will be determined by computer ballot. Applicants will be informed of their queue position in Jan 2010.

8         The selection exercise will commence in Feb 2010. An option fee of $250, $1,000 or $2,000 is payable upon selection of a SA, 3-room or 4-/5-room flat. This fee may be paid by cash/cheque/NETS.

9         Selection of flats by the applicants will be subject to availability of flat supply and ethnic quota when their turns are due. They can check the availability of flats on the HDB InfoWeb or via teletext before turning up at the HDB Sales Office on the appointed date for the selection.

10         With effect from May 2008 BTO exercise, First-timer applicants who reject two chances to select a flat in BTO/SBF exercises will have their First-timer priorities removed for a one year period in any HDB’s sales exercise.

11         After completion of the selection exercise, HDB will assess the take-up rate of the individual development before deciding whether to proceed to call the building tender.

Signing the Agreement for Lease

12         Once it is confirmed that the desired take-up rate has been met, HDB will proceed to call tender for the construction of the new flats and, HDB will arrange for the applicants to sign the Agreement for Lease within four months from the date of selection of the flats.

13         Applicants must pay 10% of the selling price of the flat as downpayment at the time of signing the Agreement for Lease, by CPF and/or cash. First-timer applicants, i.e. married couples as well as those applying under the Fianc/Fiance Scheme, can pay the 10% downpayment in two instalments under the Staggered Downpayment Scheme (SDS) if at least one of the partners is aged 30 years or younger. The first 5% will be collected when the applicant signs the Agreement for Lease and the balance 5% when the buyer takes possession of his new flat.

14         Applicants who intend to take an HDB loan must obtain an HDB Loan Eligibility letter before they exercise the Option To Purchase (OTP) for the HDB flat by signing the Agreement for Lease. For the applicants who are taking a bank loan, they will have to pay 5% cash payment to HDB. They will also have to obtain a Letter of Offer from the bank before they can exercise the OTP for the HDB flat.

15         There is no mortgage loan for Studio Apartment (SA). SA applicants will have to pay for the SA in full when they take possession of the flat.

16         Applicants who do not sign the Agreement for Lease or reject the flat after selection will have their applications cancelled and the option fee forfeited. If the applicant rejects the flat after signing the Agreement for Lease, the forfeiture will be 5% of the selling price of the flat.