Although HDB launched a bit short of 9,000 flats in a combined exercise of BTO and Sale of Balance Flats today, this is by far their biggest sale exercise with the most number of flats offered. Interested applicants must apply online by 2nd December 2013.
BTO Exercise Offering 4,978 Flats
These flats will be offered in five non-mature towns: Bukit Batok, Hougang, Jurong West, Sembawang and Woodlands. There will be a wide range of flats including studio, 2 to 5 room and 3Gen flats being offered. Eligible first-timers can enjoy up to $60,000 of housing grants. Most of the new BTO will be completed by first to third quarters of 2017 with the exception of West Ridges estimate to complete in first quarter of 2018.
SBF Exercise Offering 3,974 Flats
There’s a lot of balance flats in this exercise, with almost 4,000 units available for purchase. They comprise 502 studio apartments, 405 2-room, 818 3-room, 1,644 4-room, 595 5-room flats and 10 Executive flats in 11 non-mature and 13 mature town/estates. Flats offered under the SBF Exercise are reserved for families. At least 95% of the supply of balance flats (excluding SAs) will be set aside for first-timers.
Source: HDB Press Release 26th November 2013 – HDB Rolls Out Record Number of Flats for Sale
