HDB Launches 8,230 Flats in Nov 2017 BTO and SBF Exercise

  • Published Date:

         HDB launched 8,230 flats for sale today under the November 2017 Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. This comprises 4,829 BTO units and 3,401 SBF units across 25 towns/estates.

     

    2          Of the 4,829 BTO units on offer in this sales exercise, the majority (3,880 units, or 80%) will be constructed using the Prefabricated Prefinished Volumetric Construction (PPVC) method, with a view to improving construction productivity. In total, about 22% of the BTO flats launched this year will be constructed using PPVC. By 2019, HDB aims to adopt PPVC for 35% of BTO units launched.

     

    3          The November 2017 BTO launch brings the total number of BTO flats offered this year to 17,584 units. Together with the 7,347 balance flats offered in the May and November 2017 SBF exercises and the 1,394 units in the August 2017 Re-Offer of Balance Flats (ROF) exercise, HDB has offered a total of 26,325 flats in 2017 to meet the housing needs of Singaporeans.

     

    Wide Range of Flats for Different Budgets and Needs

     
    November 2017 BTO Exercise

     

    4          A wide selection of flats, ranging from 2-room Flexi to Three-Generation (3Gen) flats, is offered to meet the diverse housing needs of first-timers, second-timers, multi-generation families, elderly and singles. Further details can be found in Annex A1.

     

    5          The 4,829 BTO flats on offer are spread across five projects.  Three are in the non-mature towns of Punggol and Sengkang, while another two are in the mature towns/estates of Geylang and Tampines. Eligible first-timer families can enjoy up to $80,000 of housing grants, comprising the Additional CPF Housing Grant (AHG) (up to $40,000) and the Special CPF Housing Grant (SHG) (up to $40,000). With these grants, buyers of 2-room Flexi, 3-room, 4-room and 5-room flats could pay as little as $10,000, $103,000, $205,000, and $331,000 respectively.

     

    6          New HDB flats are priced with a generous subsidy, taking into account factors such as location, flat attributes and prevailing market conditions. HDB’s prices are considerably lower than transacted prices of comparable resale flats in the vicinity (see Table 1 for the BTO prices and the comparable resale prices). In addition, 2-room Flexi flats are priced taking into account the lease chosen, as shown in Annex A2.

     

    Table 1: November 2017 BTO Prices

    Town Project(s) Flat Type Transacted Prices of
    Resale Flats in the
    Vicinity#
    Selling Price
    (Excluding Grants@)
    Selling Price
    (Including Grants^)
    Non - Mature Towns
    Punggol

    Northshore Edge +

    4-room $380,000 - $538,000 From $287,000 From $227,000
    5-room $457,000 - $535,000 From $357,000 From $352,000
    Sengkang

    Anchorvale Village
    Fernvale Glades +

    2-room Flexi* - From $90,000 From $10,000
    3-room - From $178,000 From $103,000
    4-room $330,000 - $470,000 From $265,000 From $205,000
    5-room $515,000 - $570,000 From $336,000 From $331,000
    3Gen - From $369,000 From $364,000
    Mature Towns
    Geylang

    Eunos Court

    2-room Flexi* - From $201,000 From $161,000
    3-room $435,000 - $468,000 From $367,000 From $347,000
    4-room $638,000 - $645,000 From $522,000 From $517,000
    Tampines Tampines GreenCourt+ 2-room Flexi* - From $123,000 From $83,000
    3-room - From $216,000 From $196,000
    4-room $402,000 - $480,000 From $323,000 From $318,000
    5-room $505,000 - $575,000 From $438,000 From $438,000

    Note

    1)* 2-room Flexi flats come in two sizes – 36 to 38 sqm (Type 1) and 45 sqm (Type 2).

    ^ The assumed housing grants are for applicants applying as a family nucleus or two singles under the Joint Singles Scheme for a 2-room Flexi flat. Eligible first-time flat buyers can apply for housing grants of up to $80,000, comprising AHG of $40,000 and SHG of $40,000. SHG is applicable only to 2-room Flexi, 3-room and 4-room flats in the non-mature towns. For illustration purposes, the assumed total grants adopted for the projects in the above table are as follows:

    1. 2-room Flexi flat: $80,000 in non-mature towns and $40,000 in mature towns
    2. 3-room flat: $75,000 in non-mature towns and $20,000 in mature towns
    3. 4-room flat: $60,000 in non-mature towns and $5,000 in mature towns
    4. 5-room flat/ 3Gen flat: $5,000 in non-mature towns

    The starting prices and assumed grant amounts are illustrative. The actual grant amount received will depend on buyers’ income, choice of flat type/ estate and eligibility for housing grants. Read more on various CPF Housing Grants available.

    + Prices include the costs of floor finishes, internal doors and sanitary fittings.

    # Details on the comparable resale flats in the vicinity for each BTO project can be found on the HDB e-Sales website. The differences in attributes between the comparable resale flats and the BTO flats should be taken into account when making a comparison.

    ** Singles who apply for a 2-room Flexi flat under the Single Singapore Citizen (SSC) Scheme will pay $15,000 more than married couples. Eligible singles can also apply for AHG and SHG. The additional amount payable and the grants will vary based on the choice of lease tenure. The actual grant amounts will vary according to income. Read more on various CPF Housing Grants available.

    2) Selling prices (excluding and including grants) quoted above are rounded up to the nearest thousand dollars.

     

    7          First-timer families will continue to enjoy priority in flat allocation[1]. Married/ courting couples who wish to live together with their parent(s) can apply for a 3Gen flat in Fernvale Glades. Other multi-generation families who wish to live near each other in the same BTO project can apply for flats in Anchorvale Village, Fernvale Glades, Eunos Court and Tampines GreenCourt under the Multi-Generation Priority Scheme (MGPS)[2]

     

    PPVC Flats Come With Finishes and Fittings

     

    8          Starting from this BTO exercise, PPVC flats will come with floor and wall finishes, internal doors, window frames, sanitary fittings, and a basecoat of paint.  This will allow flat buyers to move into their flat more quickly as less renovation works are required. With these provisions, we will not be offering the Optional Component Scheme (OCS) for PPVC flats.

     

    9          Flat buyers who prefer to choose their own finishes/fittings can opt for non-PPVC flats, where OCS will continue to be offered. Separately, HDB will continue to offer the elderly fittings as an OCS package for elderly buyers of short-lease 2-room Flexi flats.

     

    November 2017 SBF Exercise

     

    10        Alongside the BTO exercise, HDB will offer 3,401 balance flats under the November 2017 SBF exercise. They comprise 759 units of 2-room Flexi, 692 units of 3-room, 1,407 units of 4-room, 460 units of 5-room, 76 units of 3Gen and 7 units of executive flats across various towns/estates. The majority of the flats offered under the SBF exercise are reserved for first-timer families[3]. Eligible first-timer singles may also apply for a 2-room Flexi flat in non-mature towns.  

     

    11        SBF flats come in a wide range of flat types, locations and selling prices (see Table 2). About 39% are already completed and the rest are under construction.  Similar to BTO flats, SBF flats are subsidised and priced considerably lower than the transacted prices of comparable resale flats in the vicinity. The pricing details and applicable ethnic quotas of the SBF flats offered are in Annex B.

     

    Table 2: Summary of November 2017 SBF Prices

    Flat Type

    Selling Price
    (Excluding Grants)

    Selling Price
    (Including Grants)^

    Non-Mature Towns

    2-Room Flexi
    (99-year/ remaining lease)*

    From $83,000 From $5,000+
    3-Room From $151,000 From $76,000
    4-Room From $221,000 From $161,000
    5-Room From $296,000 From $291,000
    3Gen From $332,000 From $327,000
    Executive From $445,000 -
    Mature Towns
    2-Room Flexi
    (99-year/ remaining lease)*
    From $137,000 From $97,000
    3-Room From $179,000 From $159,000
    4-Room From $274,000 From $269,000
    5-Room From $388,000 -
    3Gen From $448,000 -

    Note:

    1) ^ The assumed housing grants are for applicants applying as a family nucleus or two singles under the Joint Singles Scheme for a 2-room Flexi flat. Eligible first-timer flat buyers can apply for housing grants of up to $80,000, comprising AHG of $40,000 and SHG of $40,000. SHG is applicable only to 2-room Flexi, 3-room and 4-room flats in the non-mature towns. For illustration purposes, the assumed total grants adopted for the above table are as follows:

    1. 2-room Flexi flat: $80,000 in non-mature towns and $40,000 in mature towns
    2. 3-room flat: $75,000 in non-mature towns and $20,000 in mature towns
    3. 4-room flat: $60,000 in non-mature towns and $5,000 in mature towns
    4. 5-room flat / 3Gen flat: $5,000 in non-mature towns

    The starting prices and assumed grant amounts are illustrative. The actual grant amount received will depend on buyers’ income, choice of flat type/ estate and eligibility for housing grants.  Read more on various CPF Housing Grants available.

    * The starting prices of flats offered under 2-room Flexi scheme are based on 99-year/ remaining lease. Buyers can refer to the prices of individual flats on short lease in the HDB InfoWEB.

    + Buyers are required to pay 5% of the published price using their own CPF and/ or cash savings when the total housing grants (i.e. AHG and SHG) they can enjoy exceeds 95% of the published price of the flat. Excess housing grants, if any, can be used to pay for OCS items and premiums that singles and Singapore citizen/ Singapore permanent resident households have to pay, before crediting the balance into the Singaporean buyers’ CPF accounts.

    2) Selling prices (excluding and including grants) quoted above are rounded up to the nearest thousand dollars.

    3) To check the lease commencement date of each block, please refer to esales.hdb.gov.sg.

     

    Application for November 2017 BTO and SBF Exercise

     

    12        Application for new flats launched in the November 2017 BTO and SBF exercise can be submitted online on the HDB InfoWEB from today, 14 November 2017 (Tuesday) to 20 November 2017 (Monday). Applicants can apply for only one flat type/ category in one town under either the BTO or SBF exercise.

     

    13        Applicants who wish to take up an HDB housing loan for their flat purchase need to produce a valid HDB Loan Eligibility (HLE) Letter when they book a flat. They are encouraged to apply for an HLE Letter early so that they can plan their flat purchase in advance. The HLE Letter will indicate the maximum loan that can be offered based on individuals’ financial situation. Applicants can check their loan eligibility and apply for an HLE letter at www.hdb.gov.sg/hleapply.

     

    Advice for Flat Buyers

     

    14        Applicants are encouraged to apply for a BTO flat in non-mature towns to enjoy a higher chance of success in securing a flat and more grants, including the SHG. Although SBF flats have a shorter waiting time to completion, the number of units offered in each town is usually small, and are likely to attract high application rates.

     

    15        All the information on the BTO and SBF flats on offer is available on the HDB InfoWEB. The number of applications submitted for the various flat types/ towns will also be updated regularly on the HDB InfoWEB. Applicants are encouraged to check for updates before submitting their application.

     

    16        For their own convenience, we would like to advise interested flat buyers to view the details of the flats online via the HDB InfoWEB. There is no need for them to make a trip down to HDB Hub.

     

    17        Flat applications are not processed on a first-come, first-served basis. HDB will shortlist applicants using a computer ballot. Flat applicants have 7 days to consider and may submit their online application at any time before the closing date. They need not rush to put in their applications.  More details on the application procedures can be found in Annex C.

     

    18        For enquiries, the public can:

    • E-mail hdbsales@mailbox.hdb.gov.sg; or

    • Visit the HDB Sales Office to speak with our Customer Relations Executives during office hours (Monday to Friday 8 am to 5 pm, Saturday 8 am to 1 pm).

     

    Next BTO Launch in February 2018

     

    19        In February 2018, HDB will offer about 3,600 flats in Choa Chu Kang, Geylang, Tampines and Woodlands.  A concurrent ROF exercise will also be held. More information on the flats to be offered under the February 2018 BTO exercise is available on the HDB InfoWEB.

     

    [1] At least 85% (for 4-room and 5-room flats) and 70% (for 3-room flats) of the BTO public flat supply in the non-mature towns are set aside for first-timer families. For flats in mature town of Geylang and Tampines, at least 95% (for 3-room and bigger flats) of the public flat supply will be set aside for first-timer families.

    [2] Up to 15% of the 2-room Flexi and 3-room flats in a BTO project (subject to a minimum of 20 units each) are set aside for parents applying under MGPS. The same number of 2-room Flexi and bigger flats are set aside in the same BTO project for their married children. 

    [3] At least 95% of the supply of balance flats (for 3-room and bigger) will be set aside for first-timers families.