THREE BTO PROJECTS LAUNCHED
THREE BTO PROJECTS LAUNCHED
SINGAPORE – The HDB has launched three Build-To-Order (BTO) projects comprising 1,593 standard flats in Sengkang and Bukit Panjang.
Units at two of the projects in Sengkang – Fernvale Flora and Fernvale Gardens – cost between S$88,000 and S$378,000. The third, Segar Vale in Bukit Panjang, offers units costing between S$83,000 and S$354,000.
Ninety-five per cent of the flats will be set aside for first-time buyers.
A Propnex spokesperson expects the Sengkang projects to be oversubscribed by “about three times or more” while the Bukit Panjang project could be oversubscribed by “about two times”.
“Oversubscription rates will be lower than in previous years due to the anticipated future supply from the Government, leading to consumers being more selective about the flats for which they apply,” the spokesperson added.
In a statement, the HDB said it has ramped up its new flat supply significantly to meet the demand from first-time buyers.
This year it plans to offer up to 22,000 new flats under the BTO scheme, if demand is sustained.
In the first six months of this year, buyers can look forward to about 11,000 new BTO flats.
These projects will have a good geographical spread in towns and estates such as Bukit Panjang, Jurong West, Punggol, Sengkang and Sembawang.
The next BTO launch this month will offer about 1,500 flats in Jurong West and Sengkang.
Source : TODAYonline – MediaCorp Press Ltd’s copyright
