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HDB launches 12,411 flats for sale in 25 towns

Tuesday, November 17, 2015 - 11:57
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In the largest sales exercise of the Housing & Development Board (HDB), a total of 12,411 flats are launched for sale on Tuesday in 25 HDB towns or estates.

IN the largest sales exercise of the Housing & Development Board (HDB), a total of 12,411 flats were launched for sale on Tuesday in 25 HDB towns or estates.

These flats - comprising 7,061 BTO flats and 5,350 balance flats - are part of the November Build-To-Order (BTO) cum Sale of Balance Flats (SBF) exercise.

The BTO flats span seven projects in the non-mature towns of Bukit Batok, Choa Chu Kang, Hougang, Punggol and Sengkang, and for the first time, three housing projects in Bidadari estate in Toa Payoh.

The SBF flats under this exercise are located in 11 non-mature towns and 14 mature towns or estates.

HDB said that this launch brings the total BTO supply this year to 15,100 units, meeting its commitment to launch 15,000 BTO flats for sale this year.

Including the 10,737 balance flats offered under the May and November SBF exercises, HDB has offered a total of 25,837 flats for sale this year.

This mega sales launch will give flat buyers more choices and allow more to benefit from the new policies announced in August, HDB said.

Since Aug 24, the government has raised the income ceilings for citizen households and single Singaporeans buying new flats from HDB to S$12,000 and S$6,000 respectively, and enhanced the Special CPF Housing Grant that now extends to households earning up to S$8,500.

The new two-room Flexi Scheme was also announced this year to offer elderly buyers units with shorter leases. HDB will offer 2,093 units of two-room Flexi flats in Bidadari, Bukit Batok, Choa Chu Kang, Punggol, and Sengkang in this BTO exercise.