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HDB launches 4,056 flats for sale in February BTO exercise
THE Housing & Development Board (HDB) on Tuesday launched 4,056 flats for sale under the February 2017 Build-To-Order (BTO) exercise.
The flats being offered in the first tranche for 2017 span across six projects in the non-mature town of Punggol, and the mature towns of Clementi and Tampines.They range from two-room Flexi to three-generation (3Gen) flats.
A project in Woodlands, originally planned for launch this month, has been deferred, the HDB said on Tuesday.
Due to the site conditions, a further review is needed to better integrate it with surrounding developments. The project will be launched after the review is completed.
This February exercise also marks the first time that families emplaced on the Fresh Start Housing Scheme (Fresh Start) can apply for a flat, since the scheme was launched on Dec 1, 2016, to help second-timer families with young children staying in a public rental flat, own a flat again.
Eligible families will be able to buy a two-room Flexi flat, with lease options ranging from 45 to 65 years (offered in five-year increments). The lease must last the applicants and their spouse (if applicable) until at least the age of 95. The flat price, grant amount and resale levy payable will be adjusted based on the chosen lease of the flat.
Families emplaced on Fresh Start will enjoy priority allocation of up to 10 per cent of two-room Flexi units, under the Tenants' Priority Scheme.
HDB plans to launch a total of 17,000 flats this year. In May, it will offer another 4,600 flats in Bidadari, Geylang, Woodlands and Yishun, when it will also release 3,000 sale-of-balance flats.