HDB launches 9,144 BTO flats, including first in Mount Pleasant, Berlayar estates

HDB launches 9,144 BTO flats, including first in Mount Pleasant, Berlayar estates


The upcoming blocks will be between 19 and 46 storeys high, and one of them will have rental flats

[SINGAPORE] The Housing Board launched 9,144 Build-To-Order (BTO) flats for sale on Oct 15, including the first flats in two new housing estates – Mount Pleasant in Toa Payoh town and Berlayar on the former Keppel Club site in Bukit Merah.

In all, 10 projects are on sale across Ang Mo Kio, Bedok, Bishan, Bukit Merah, Jurong East, Sengkang, Toa Payoh and Yishun.

The subsidy clawback rate for Berlayar Residences, the first project in the new Berlayar estate forming part of the Greater Southern Waterfront, was set at 14 per cent – the highest so far. The rate for Prime flats in the July sales exercise was between 11 and 12 per cent.

These clawbacks correspond to the extent of the extra subsidies offered, said HDB. There is also a 10-year minimum occupation period (MOP) for these flats.

The rate was set at 12 per cent for Mount Pleasant Crest in Toa Payoh and Redhill Peaks in Bukit Merah. At Bishan Terraces, it is 10 per cent.

The only Plus project, Oak Ville @ AMK, comes with a subsidy clawback of 7 per cent. The 1,425-unit project in Ang Mo Kio Avenue 5 also have a 10-year MOP.

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Five projects fall under the Standard classification – these flats do not have a subsidy recovery clause when they are sold, and come with a five-year MOP.

Berlayar Residences will have 870 units of two-room flexi, three- and four-room flats on a site between Telok Blangah and Labrador Park MRT stations.

The wait for a flat there is four years and eight months.

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Prices (without grants) range from S$218,000 to S$369,000 for a two-room flexi flat, S$420,000 to S$562,000 for a three-room unit, and S$578,000 to S$788,000 for a four-room flat.

The upcoming blocks will be between 19 and 46 storeys high, and one of them will have rental flats.

The development will form part of 7,000 HDB flats and 3,000 private homes that will be built there.

Mount Pleasant Crest in Toa Payoh will house 1,350 two-room flexi, three- and four-room flats on a site in Thomson Road. It will also have 270 public rental flats.

The wait for a flat there is four years and 11 months.

Prices (without grants) range from S$209,000 to S$373,000 for a two-room flexi flat, S$411,000 to S$552,000 for a three-room unit, and S$558,000 to S$787,000 for a four-room flat.

For comparison, three-room resale flats in Toa Payoh recently transacted at between S$768,000 and S$850,000, and four-room resale flats at between S$1.07 million and S$1.19 million, said HDB.

Buyers of the three- and four-room flats can opt for open-concept “white flats” without partition walls.

The project will form part of 6,000 BTO flats across four projects planned for the new estate, which was home to the Old Police Academy.

Four projects in Bedok, Sengkang, and Yishun – with a total of 3,294 units – will have shorter waiting times of less than three years.

Two Standard projects in Yishun – Chencharu Grove and Yishun Glade – offers a combined 1,395 units with a wait of two years and seven months.

At Chencharu Grove, which is located within the new housing estate near Khatib MRT station, prices (without grants) range from S$154,000 to S$226,000 for a two-room flexi flat, S$295,000 to S$362,000 for a three-room flat, S$358,000 to S$439,000 for a four-room flat and S$510,000 to S$597,000 for a five-room flat.

Fernvale Plains, a 830-unit Standard project in Sengkang, has a waiting time of two years and eight months.

It will also have 207 community care apartments, which come with senior-friendly fittings such as wheelchair-accessible bathrooms, as well as health and community services that are meant to help seniors live independently.

Ping Yi Court, a Standard project in Chai Chee Street in Bedok, houses 862 units with a wait of two years and nine months.

From October’s BTO exericse, a second component of the Family Care Scheme comes into effect, which grants applications – including singles – priority if they jointly apply for two units in the same BTO project with their parents.

In July, first-timer singles were granted priority access within the existing quota for single buyers when they buy a two-room flexi flat near or with their parents.

Applications will close at 11.59 pm on Oct 22 on the HDB Flat Portal.

In the next BTO exercise in February, HDB will offer about 4,600 flats in Bukit Merah, Sembawang, Tampines and Toa Payoh. About 3,000 balance flats will also be on offer. THE STRAITS TIMES



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